Hassett Says Lower Job Numbers May Come Before an AI-Led Productivity Boom
The global job market is going through a strange phase, and according to economist Kevin Hassett, this slowdown may not be a long-term problem.
In a recent report, Hassett said there could be a series of lower job numbers but this is happening due to an unusual set of circumstances, not because the economy is weak.
In simple words, things look slow right now but a bigger change is quietly building in the background mainly driven by Artificial Intelligence (AI).
Why Are Job Numbers Looking Weak?
Hassett explains that job data can sometimes give a confusing picture. Factors like changes in hiring patterns, delayed reporting, and companies waiting before expanding teams can make job numbers look worse than they really are. Right now, many companies are focusing more on efficiency instead of mass hiring. Boss log bol rahe hain, “pehle kaam smart banao, phir log badhao.
Another big reason is technology. With AI tools becoming more powerful, companies are able to do more work with fewer people. This does not mean jobs are disappearing forever it means jobs are changing in nature.
You can read more details from the original report here:
https://stocktwits.com/news-articles/markets/equity/hassett-series-of-lower-job-numbers-possible-ai-productivity-boom/cZbvc6uR4oB
India and Economy: Government Push for Jobs
In India, the situation is slightly different but connected. Recently, the Indian government announced new steps to boost employment and support small businesses. These steps include easier loans for MSMEs, skill development programs, and incentives for startups.
The aim is simple more jobs for youth and stronger local businesses. When small businesses grow, hiring naturally increases. For India, where young population is huge, this focus is very important. As we say, “chhota business bade sapne.”
For official updates, you can check:
https://www.india.gov.in
https://pib.gov.in
Technology and AI: The Real Game Changer
AI is at the centre of Hassett’s productivity boom idea. In education, AI is helping students learn in better and more personal ways. In healthcare, doctors are using AI to diagnose diseases faster and more accurately. This saves time, money, and lives.
According to experts, AI may reduce some traditional jobs, but it will also create new roles in data, technology, and management. The key is reskilling. Jo time ke saath nahi badlega, woh peeche reh jayega.
More on AI impact:
https://www.weforum.org
https://www.mckinsey.com
Environment News: Growth with Responsibility
Along with jobs and technology, countries are also focusing on the environment. Governments worldwide, including India, are promoting solar and wind energy to fight climate change. Renewable energy projects also create jobs, especially in rural areas.
Cleaner energy means less pollution and better health simple logic no tension.
For more information:
https://www.iea.org
https://mnre.gov.in
Final Thoughts
Lower job numbers may look worrying at first, but as Hassett points out, this could be a temporary phase before a strong AI-led productivity boom. For India, the mix of government support, AI adoption, and renewable energy focus gives hope. Thoda patience rakho..
Microsoft Cuts 9,000 Jobs, Then Posts an AI-Generated Image to Hire New Staff https://fresheroffcamp.in/wp-admin/post.php?post=3010&action=edit
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