California tax on robots, automation equals a tax on innovation

California tax on robots, automation equals a tax on innovation

McDonald’s CEO Steve Easterbrook demonstrates a self-service order kiosk during a presentation last year at a McDonald’s restaurant in New York City. McDonald’s hopes to have the kiosks in 2,500 restaurants by year’s end and in 14,000 by 2020. (AP) new study by the McKinsey Global Institute about the potential of automation should serve as a stark warning to all world leaders that they must prepare for what may very well be the biggest societal and economic upheaval in our lifetime.

The report builds off this core finding: In about 60 percent of occupations, at least one-third of job tasks […]

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