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Bill Gates calls for robot tax to slow rate of automation

Bill Gates calls for robot tax to slow rate of automation

Microsoft co-founder Bill Gates thinks governments should tax robots that replace human labor as a means of slowing down the spread of automation.

The world’s richest man says that a ‘robot tax’ could be used to generate revenue that would finance re-training people for jobs that only humans could do, according to Quartz .

These jobs include taking care of the elderly and teaching kids in schools.‘You ought to be willing to raise the tax level and even slow down the speed’ of automation, says Gates.The rate at which robots will replace human labor is likely to accelerate in the next […]

Reports Send Mixed Messages About Staffing Needs of the Future

Reports Send Mixed Messages About Staffing Needs of the Future

To hire or not to hire. That’s the big question for cash-strapped small businesses. Recent data sends out two very differing messages about the staffing needs of the future — one short term, the other more long term. So businesses may have mixed feelings about their plans for that next hire. February 2017 Staffing Trends

Short Term Hiring Expected to be Competitive

A recent report (PDF) reveals the number of Americans filing for unemployment benefits increased less than expected for the week ended February 11.Data from the U.S. Department of Labor shows claims for unemployment benefits rose by […]

Second Part Artificial Intelligence: The Impact on Employment Automation and Anxiety.

In a later illustration, robotized teller machines (ATMs) may have been relied upon to spell fate for bank employees by assuming control over some of their normal errands, and surely in America their normal number fell. Be that as it may, that decreased the cost of running a bank office, permitting banks to open more branches in light of client request. The quantity of urban bank offices ascended by 43% over a similar period, so the aggregate number of workers expanded. As opposed to wrecking occupations, ATMs changed bank representatives’ work blend, far from routine assignments and towards things […]

We Need to Prepare for the 5G Jobs Apocalypse

We Need to Prepare for the 5G Jobs Apocalypse

My taxi driver in San Diego had a plan. He was moving to Laredo to get back into long-distance trucking. He’d work hard for 10 years, save a couple of hundred grand, and retire to Mexico. I did the math: that put him around 2028. He might just make it before all the trucking jobs go away .

At Qualcomm last week, Cristiano Amon, president of Qualcomm CDMA Technologies, extolled the virtues of the upcoming "5G economy," painting a picture of autonomous vehicles, smart cities, and ubiquitous augmented and virtual reality.

ADVERTISING inRead invented by Teads "It’s going to be […]

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 […]

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 […]

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 […]

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 […]