Universal basic income looks like👇

Rahul Gandhi in a rally says this : "The youth who are unemployed and watching Facebook Instagram reels today will be given ₹1,00,000 khatakhat khatakhat!" Now, I don't know how can someone be an advocate for this kind of statement? I know this won't happen but at least give a proper reason. He is literally saying watch reels and earn. I really feel privileged that TikTok is banned after hearing this from a leader who is trying to become PM of our country.

While Indian government reaps and enjoys the taxation of high paid IT jobs, there are hardly any responsibility in taking care of laid off citizens. I’m pretty sure most high paid individuals are irritated with the 10s of lacs of tax paid every year and yet not getting basic benefits from the government. No wonder so many HNIs leave India every year and settle in nations where high earning is nurtured and not abused. In my honest opinion, Indian government should do the following for laid off individuals based on their previous year tax collected. 1. Provide Rent + Basic necessities cost for at least 6 months or joining the next job, whichever is earlier. 2. Provide health insurance to laid off citizen and dependent individuals for at least 1 year or till the person joins next job, whichever is earlier. 3. Pause Home loan EMIs for at least 6 months or till the person joins next job, whichever is earlier.

Saw a similar post somewhere from an European and I think it’s pretty valid for India. For context, I am in my early 30s, a home owner, living in tier-2 city with a pretty high salary. Recently got married and my wife also works as an Enterprise AE for a listed US company. Our cost of living is pretty low given the house and tier-2 city. Even if we had a kid, the overall cost of living will not change a lot. I got to where I am, economically, by a combination of hard work and luck. Luck definitely was a huge part of it. Knowing the right people at the right time, working on the right technologies helped a lot more in advancing my career a lot more than grinding for good grades. Even the ability to buy a house without much debt, was partly because I was lucky to sell my shares in a fairly small startup. It would be easy to say things aren’t economically bad based on my own experience or that of my close friends. However, when I look at things more objectively, I can’t help but come to the conclusion that we are screwed as a generation. Except for maybe the top 1%, salaries are not keeping up even with inflation. Housing costs, specially in tier 1/2 cities are unbelievably high even if you want an average apartment. Jobs are no where to be seen. The whole generation is living in the hope of the stock market rally never ending. This seems completely unsustainable as a nation. I might be doing well for now, but I still recognise how these are real problems for most Indians, who’ve been waiting for India’s century for 20 years Given that the services industry contributes more than 50% to the GDP, the current state of joblessness, the overall sluggishness in IT and related sectors, and the fundamental changes happening to the way IT services now work, I wouldn’t be surprised if we see a complete recession in the next 4-5 years. Lately, there has been a lot of criticism of anyone expressing anger on how bad things are but I think it’s helpful to talk about this.

Governor of India just introduced Unified Pension Scheme for government employees. At times when it will become very difficult for corporate employees to survive after age of 40-45 in post AI world, this assured pension which was stopped after 2004 has been reintroduced. This will bring back the charm of government job which existed in 1970s-80s . In 70s and 80s, private jobs were synonymous with lack of job security. Globalization brought heavy salaries in corporate world and helped in reducing charm of govt job. Now, in 3-4 years, AI is going to cause huge change in corporate world thereby causing huge uncertainty. What do you people think?

Top 3 Indian companies have mcap > 150B Do you think this is really required? Can't this money be spent on health and education?? Both combined it's nearly $ 20B. Taxpayers money should go into capacity building of poor or infrastructure etc...not just for freebies or reveri. Sometimes I think democracy is killing India. Your views?

Everyday I open youtube/grapevine/teamblind its has keywords AI + Shocked or it will replace our jobs. My take on why AI might not replace our jobs. 1. Running AI agents or AGI requires significant electric power. If every company starts using it in some way in the future. All the code might be exposed. What if AGI builds its own version and starts selling and shuts down its employer considering its super intelligence. 2. If people dont pay taxes. How will government run? Who will buy the products in the market? Wont people start stealing/hurting others to meet basic needs? 3. Many jobs in todays world use computers in someform. But we only talk about the software engineers. There are non tech people who use computers in their works. Those are pretty much repetitive and can be easily automated. Many are not aware about chatgpt. On the other end people talk about alternative jobs and the safest job is farming in most of the posts. 1. Cant the rich build humanoid robots to do the same. Can't big corporates buy lands and build vertical farms and run with robots. 2. What big corporates are going to do with the excess money laying us off in the end if all the jobs are taken, as if the people running or owning them are going to live their life eternally. Unless they find a way to upload their existence into a robot. 3. I'm not sure if people posting about AI taking jobs have worked on atleast building basic ML models like linear regression or used MNIST data to detect numbers using neural networks. For most of us AI is a blackbox and we do not know about its full potential. My take on AI 1. AI can aid humans in their tasks or make developers like us to wear multiple hats. Like combination of backend, frontend, mobile, devops, machine learning, cybersecurity. Helpnus better debug. 2. I feel like all these CxO's just blabber to get high funding, spread fear while they chill in their yatch. Let me know your thoughts on this.