Impact of AI on White-Collar Jobs

Klarna CEO admits AI will impact white-collar jobs, despite failed experiments in his own company. He plans to rehire after replacing 700 customer service positions with AI due to lower quality performance. AI boosters believe in human touch value but foresee job loss and recession.

Impact of AI on Job Market

AI advancements are leading to mass layoffs in white-collar jobs, with tech giants like Microsoft and Walmart cutting thousands of positions. The rise of AI technology is automating tasks traditionally done by humans, leading to fears of recession and high unemployment rates among college graduates.

Impact of India-UK Deal on Job Market

India's government signed a deal with the UK allowing more Indian graduates to take white-collar jobs from British graduates, sparking controversy. The deal may impact American graduates as well, as it could be similar to a US-India trade deal. Concerns arise about the displacement of American workers by Indian migrants due to visa programs and hiring networks. The deal includes tax breaks for Indian migrants in the UK, potentially leading to more jobs taken from British professionals.