Category: Automation Impact on Jobs

Bill Gates’ solution to job automation? Make the robots pay tax

Bill Gates’ solution to job automation? Make the robots pay tax

Rumours of the robo-job takeover have been circling for years.

A recent report suggested that almost 250,000 public sector jobs could be lost to robots in cost-cutting exercises over the next 10-15 years.

Microsoft founder and philanthropist Bill Gates has a novel solution to the issues of job losses due to automation. In an interview with Quartz , the tech mogul said robots who replace human workers should incur taxes equal to that of worker’s income taxes.The idea is that governments should tax companies’ use of robots as a way to fund other types of employment. Gates told Quartz : “Right […]

What will we do when everything is automated?

What will we do when everything is automated?

Image by : opensource.com Recently, I came across a study the caused me to think beyond the day-to-day world of code-slinging in which I live. According to the study Myth and the Reality of Manufacturing in America (PDF), conducted by Center for Business and Economic Research at Ball State University in Indiana: "Almost 88% of job losses in manufacturing in recent years can be attributable to productivity growth, and the long-term changes to manufacturing employment are mostly linked to the productivity of American factories." Just translate the term "productivity of American factories" into the word "automation" and you get […]

Bill Gates says robots that steal jobs from humans should be taxed ‘at a similar level’

Bill Gates says robots that steal jobs from humans should be taxed 'at a similar level'

Robots that are employed to do jobs that were previously performed by humans should be taxed at a similar level to their human counterparts, according to Bill Gates .

In an interview with Quartz , the American business magnate said taxing companies that replace human workers with robots could help to slow the spread of automation, and fund other types of employment.

"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," he said."If a robot comes in to do the […]

Robot workers should pay their fair share in tax, says Bill Gates

Robot workers should pay their fair share in tax, says Bill Gates

If robots are to take jobs away from humans, it stands to reason they should start paying their fair share in tax, according to Bill Gates.

Speaking in an interview with Quartz , the former Microsoft boss argued that governments should be able to tax companies that make use of robots, as a way of slowing down the growth of automation and to provide funds for creating employment elsewhere.

"Certainly there will be taxes that relate to automation," argued Gates, adding that unchecked automation may lead to massively reduced income tax revenue."Right now, the human worker who does, say, $50,000 worth […]

Robots Will Soon Do Your Taxes. Bye-Bye, Accounting Jobs

Robots Will Soon Do Your Taxes. Bye-Bye, Accounting Jobs

Tax season has arrived, as the Super Bowl recently reminded us: In the first half alone, two commercials encouraged viewers to trust computers to do our taxes, the first from H&R Block with its new partner Watson, and the second from TurboTax with its friendly talking tax bot.

Vasant Dhar (@ProfDhar) is a professor at the Stern School of Business and the Center for Data Science at NYU. He is chief editor of the Big Data journal.

Machines won’t be able to automatically file taxes with the IRS for a few years. But do these commercials signal that robots can come […]

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 […]