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AI and the Great White-Collar Recession

A company needs far fewer entry-level employees, and a significantly lower number of middle-level managers.

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Pyramid crumbles: Now, the bosses are saying let AI do work directly — why do we need you? iStock

IN the 1990s, newspapers across India started putting out 'Page 3' stuff — colourful reports about the social life of the bold and the beautiful, the rich and the famous. Those were the early days of globalisation, when glamour and glitz had just started to capture the middle-class mind in India. Very soon, newspapers and magazines began to print supplements and pullouts that focused on the fabulous lives of socialites. In fact, to break into the world of the glamourous, it became important to break into Page 3.

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