Consider the following statements: Statement-I: Globally, there has been a decline in labour income. Statement-II: Many young people are not working, studying, or receiving training. Statement-III: Businesses across the globe are implementing automation technologies and artificial intelligence (AI) systems into their operations and processes. Which one of the following is correct in respect of the above statements? |ForumIAS

[A] Both Statement-II and Statement-III are correct and both of them explain Statement-I

[B] Both Statement-II and Statement-III are correct, but only one of them explains Statement-I

[C] Only one of the Statements II and III is correct and that explains Statement-I

[D] Neither Statement-II nor Statement-III is correct

Answer: B

Notes:

Explanation –

Statement-I: According to the ILO report, the global labour income share has declined over the past two decades.
Statement II is correct. According to the recent data and report by the ILO, 21.7% of youth between 15 and 24 years were neither in education, employment, nor training (NEET). As per the reports, a fifth of young people were not in employment, education or training (NEET) in 2023.
Statement III is correct. Businesses globally are increasingly implementing automation technologies and artificial intelligence (AI) systems, which is contributing to changes in labour dynamics.
However, only Statement-III explains Statement-I. The decline in labour income is largely attributed to technological advancements and automation, including AI, which increase productivity but can reduce the share of income going to workers.

Source: The Hindu