Raghuram Rajan: AI Won't Wipe Out White-Collar Jobs As Fast As Feared

• Former RBI Governor Raghuram Rajan states AI may not eliminate white-collar jobs as quickly as predicted.
• He argues technology adoption is slow, and public policy will shape AI's impact, refuting a 2028 job displacement forecast.
• Wharton's Ethan Mollick adds that high computing costs for advanced AI will limit widespread job automation.
• Rajan outlines scenarios: dominant AI platforms causing displacement or competitive systems spreading productivity gains.
• Governments and businesses must prepare for a slower transition, allowing workers to adapt to AI tools.