Raghuram Rajan Proposes AI Token Tax to Curb Job Losses

Former RBI Governor Raghuram Rajan has proposed an 'AI token tax' to generate government revenue and fund worker retraining programs amid fears of widespread job displacement.

Rajan warned of an 'AI jobocalypse,' suggesting that tax credits should be implemented to level the playing field for human workers against automated systems.

The proposal aims to address the economic impact of generative AI, which is currently disrupting traditional employment sectors across the Indian economy.