Economics, not job loss, is real challenge of AI and automation: Sridhar Vembu

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Artificial intelligence may automate software development. Zoho cofounder Sridhar Vembu says job loss isn't the main concern. The real issue is economic adaptation. Vembu suggests two solutions. Goods produced by automation could become nearly free. Human work like caregiving may become highly paid. Vembu emphasizes the role of political economy. Strong regulation is needed to avoid monopolies.