As for this tech: it should die in a fire. If the creators read this, they should understand that they are potentially inventing the shackles that they themselves will be bound in (albeit later).
I think a lot of techies are under the mistaken impression that when they're done building the society of Elysium, for some reason the billionaires are going to take them along to the space station to live with them.
Either that or they’re not thinking about the future at all and just doing it for the near instant gratification of a high salary.
IMO, this is more likely.
Speculation on my part, but this evinces the kind of tech-focused education that I personally know to be pervasive in India. The curriculum omits any "history of technology" or "ethics in innovation", so at best, these founders are missing a core part of "humanistic" learning.
At worst... well, why go there? They're from privileged backgrounds, and mere ignorance is enough to explain this kind of short-sighted "innovation", without adding malice into the mix.
Well most of us, when software development automation becomes good enough, we will be the new factory workers queuing for food tickets, while a few lucky ones get to be those in charge of the software factory.