Artificial Intelligence (AI) has now become a widely deployed economic technology and is redefining employability across economic sectors.

How AI is Redefining Employability?

• Job Replacement: AI is replacing jobs involving predictable, rule-based tasks (e.g., assembly lines, customer service chatbots, accountants, administrative assistants etc).
• New Job Opportunities: New opportunities are arising in technology oriented areas like data scientists, machine learning experts, niche market solutions etc. 
• Qualitative Shift: Hiring is becoming skills-based particularly in fast-moving technological domains with wage premium (e.g., 28% higher wages according to world bank in AI-focused roles).
• Improved Labour Productivity: Full adoption of Generative AI will raise the level of labour productivity by around 15%, translating into rise in unemployment rate. 

Strategies for Adaptation

• Focus on Skill Diffusion: Targeted skill acquisition through shorter, modular trainings. 
• Educational Overhaul: Move away from static knowledge toward fostering lifelong learning with emphasis on adaptability and complex problem solving in curricula.
• Collaborative Approach: Clear national commitment involving the government, industry, and educators to align AI adoption with citizen welfare.
• Democratization: Policies must support Small and Medium Enterprises (SMEs) in upskilling and ensure access to certification pathways to prevent a digital divide.
• Ethical Considerations: Transparency and fairness must be central to employment practices.