Category: Automation Impact on Jobs

Chinese factory replaces 90 per cent of its employees with robots

Chinese factory replaces 90 per cent of its employees with robots

The factory is now producing more equipment (250 per cent increase) and is also ensuring better quality. (Representational image) Employment troubles in most leading nations are on a rise. Imagine having to save your jobs from robots in this scenario. A chinese factory in Dongguan City recently replaced 90 per cent of its human workforce with machines.

According to a report published Next Shark , the Changying Precision Technology Company — which focuses on the production of mobile phones and automated production lines — used to employ around 650 employees. However, in a recent turn of events, the factory has […]

Bill Gates says that job-stealing robots should pay taxes

Bill Gates says that job-stealing robots should pay taxes

There’s no doubt that as robots and automated machines become increasingly advanced, more humans will find themselves out of a job – and fewer people in work means a fall in the amount of tax being paid. Former Microsoft boss Bill Gates believes the best solution to the problem is to make the machines pay their share.

“Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, Social Security tax, all those things,” said Gates in an interview with Quartz . “If a robot comes in […]

Bill Gates Supports Income Tax For Robots

Bill Gates Supports Income Tax For Robots

Taxation could be used to ease the effects of the job displacement caused by automation, Gates argues

Bill Gates has supported the taxation of robots to “slow” the speed of innovation and allow society time to adapt to the job losses they are expected to cause.

Gates, the world’s richest man and the co-founder of Microsoft, whose technologies have helped make some pre-PC employment categories obsolete, said taxes relating to automation could help fund tasks for which humans are uniquely suited, such as education and care for the elderly. bill gates Microsoft Robot tax He spoke to online magazine Quartz following […]

Rise of Robots: Boon for Companies, Tax Headache for Lawmakers

Rise of Robots: Boon for Companies, Tax Headache for Lawmakers

European lawmakers are grappling for answers to a question that until recently seemed like the stuff of science fiction: If robots take our jobs, who will pay taxes?

In an age of unprecedented technological change occurring at a faster rate than the Industrial Revolution, concerns over the growing robotization and automation of work have prompted fears about mass unemployment and plummeting tax revenue in the near future, pitting companies and robotics manufacturers against lawmakers and worker advocates.

The issue is taking on new urgency ahead of a Feb. 16 vote before the EU Parliament’s Legal Affairs Committee on whether to create […]

Industrial revolution’s record brings no comfort

NEW YORK – “Why should it be different this time?” That’s the most common response I hear when I raise concerns about automation and the future of jobs, and it’s a pretty simple rejoinder. The Western world managed the shift out of agricultural jobs into industry, and continued to see economic growth. So will not the jobs being displaced now by automation and artificial intelligence lead to new jobs elsewhere in a broadly similar and beneficial manner? Will not the former truck drivers, displaced by self-driving vehicles, find work caring for the elderly or maybe fixing or programming the […]

Bill Gates Supports Robot Taxation When Used To Replace Jobs

Bill Gates Supports Robot Taxation When Used To Replace Jobs

Bill Gates.TNS Sofres/Flickr Scientists have declared automation as being the biggest threat to jobs in the future. With research into smarter artificial intelligence and more efficient machines progressing smoothly, it’s expected that millions will lose their current means of living in the coming years. Bill Gates recently spoke about the issue and according to him, if the robots really are coming to steal jobs, then they should be taxed accordingly.

The Microsoft Founder recently spoke to Quartz and said that any company who uses robots to replace most, if not all of their workers should be given additional taxes. According […]

Bill Gates Wants To Tax Job Stealing Machines While Swiss Robots Protest

Bill Gates Wants To Tax Job Stealing Machines While Swiss Robots Protest

Artificially intelligent machines are set to smash the job market in the next 15 years and take tens of millions of jobs currently being done by humans and Bill Gates think those robots should pay taxes.

The tax on job stealing robots would be levied against the businesses that employ them and used to retrain humans who have been displaced in the workforce, Gates said during an interview with Quartz. “You ought to be willing to raise the tax level and even slow down the speed [of automation]. You cross the threshold of job replacement of certain activities all sort […]

Universal basic income

Universal basic income

Smart house device illustration with app icons (home, smart, automation, smart appliances) Photo: 123rf.com There’s a new idea that might be the solution to runaway populism.

Well, it’s not that new, really – it has been kicking around in left-wing circles for a least a quarter-century – but it has suddenly gone mainstream.

It’s called Universal Basic Income (UBI), and pilot programmes to see if it really works in practice are being launched this year in four different countries. Gwynne Dyer. It’s populism that gave us Brexit in Britain and President Donald Trump in the United States.It could soon give us […]

Bill Gates Wants To Tax Job Stealing Machines While Swiss Robots Protest

Bill Gates Wants To Tax Job Stealing Machines While Swiss Robots Protest

Artificially intelligent machines are set to smash the job market in the next 15 years and take tens of millions of jobs currently being done by humans and Bill Gates think those robots should pay taxes.

The tax on job stealing robots would be levied against the businesses that employ them and used to retrain humans who have been displaced in the workforce, Gates said during an interview with Quartz. “You ought to be willing to raise the tax level and even slow down the speed [of automation]. You cross the threshold of job replacement of certain activities all sort […]

BRIAN LUCEY: Robots, not Mexicans, are threat to Trump

BRIAN LUCEY: Robots, not Mexicans, are threat to Trump

Donald Trump is wrong. These four words can generally apply to anything the angry orange man in the White House opines on but he is especially, egregiously and dangerously wrong on jobs, writes Brian Lucey . Neither China, nor Mexico, are the cause of the decline in the job prospects of the middle-American white man. Automation is the real job killer. Rather like the Luddites, Donald is raging against forces that have been unstoppable for all of human history. But at least he is, in his own inchoate way, generating a debate on the future of work. In Ireland […]