Future of the work: Zoho’s Sridhar Vembu says that AI job loss is not the threat – is economic distribution – Times of India

Since artificial intelligence and automation continue to reform the industry, the real challenge is not in work displacement, but in guaranteeing fair access to the wealth created by machines, the co -founder of Zoho Sridhar Vembu said.In a hypothetical future where software development is fully automated – a possibility that VEMBU believes that is still far away – Milies from engineers can lose their jobs. However, he argued that the greater problem is not a lack of meaningful human activity, but how people will pay goods and services in an economy where machines dominate production.“It’s a matter of economic distribution, not only technology,” said Vembu, who is also the chief scientist of the company, as quoted by an ET report.He outlined two potential results: either the costs of goods fall so close to zero that affordability becomes universal, or society compensates people-oriented work-such as care provision, education and recovery of the environment generous, redistributing income from sectors that have become highly automated.In order to make one of the two scenarios a success, Vembu emphasized the need for robust regulatory mechanisms, especially around monopolistic control in the technology sector. Without controls on concentrated profit, he warned, the productivity gains of automation can be potted by a few companies instead of benefiting the wider population.“At least one nation will ultimately do the political economy well,” he said, and Optimism expressed that well -thought -out governance can guarantee broad access to the benefits of automation.