r/BasicIncome • u/askeladd51 • 2h ago
Question What is the future of developing countries like India?
Hi all, I am from India and the situation is very bad, the working class is getting squeezed due to inflation and a bad economy. We are the youngest country in the world but we do not have any job for its youngsters, no social security. Most Indians are just one terminal illness away from poverty.
Meanwhile, Due to AI the industry which employed most Indians has started laying off people. The jobs market at this time has to be the worst.
I think the in late stage captialism countries like us will suffer the most