Economics Explained What Happens When Capitalism Doesn't Need Workers Anymore?
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Sep 5, 2025 Imagine a future where AI outperforms humans at work—it's happening now! Explore how automation increases GDP in wealthy nations while jeopardizing jobs in developing economies. Discover the outsourcing shifts from the US to countries like the Philippines and Bangladesh, and the widening economic disparity it creates. The podcast tackles the dual impact of AI on employment, highlighting the need for skills enhancement and digital inclusion to navigate this technological upheaval. Can societies adapt, or will they be left behind?
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Language Jobs Are No Longer Safe
- AI can now replicate language-based tasks that were once safe from automation.
- That makes outsourcing hubs like call centres unusually vulnerable to rapid job loss.
AI Boosts Rich Economies More
- AI promises big GDP gains for rich countries while poorer countries see much smaller boosts.
- That divergence risks widening the global income gap as ownership concentrates in wealthy nations.
Philippines' Outsourcing Boom At Risk
- The Philippines built a $37 billion outsourcing industry employing over 1.3 million people.
- Those roles are now at high risk as companies adopt AI tools to cut costs and speed workflows.