Bill Gates: People Don’t Realize How Many Jobs Will Soon Be Replaced By Software Bots

Bill Gates: People Don’t Realize How Many Jobs Will Soon Be Replaced By Software Bots

Big changes are coming to the labor market that people and governments aren’t prepared for, Bill Gates believes.

 

71362921947950robotreplacement

Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said that within 20 years, a lot of jobs will go away, replaced by software automation (« bots » in tech slang, though Gates used the term « software substitution »).

This is what he said:

« Software substitution, whether it’s for drivers or waiters or nurses … it’s progressing. …  Technology over time will reduce demand for jobs, particularly at the lower end of skill set. …  20 years from now, labor demand for lots of skill sets will be substantially lower. I don’t think people have that in their mental model. »

He’s not the only one predicting this gloomy scenario for workers. In January, the Economist ran a big profile naming over a dozen jobs sure to be taken over by robots in the next 20 years, including telemarketers, accountants and retail workers.

Gates believes that the tax codes are going to need to change to encourage companies to hire employees, including, perhaps, eliminating income and payroll taxes altogether. He’s also not a fan of raising the minimum wage, fearing that it will discourage employers from hiring workers in the very categories of jobs that are most threatened by automation.

He explained:

« When people say we should raise the minimum wage. I worry about what that does to job creation … potentially damping demand in the part of the labor spectrum that I’m most worried about. »

Read more: http://www.businessinsider.com/bill-gates-bots-are-taking-away-jobs-2014-3#ixzz3KYkUDh3u

 

 

Source:  http://www.businessinsider.com/bill-gates-bots-are-taking-away-jobs-2014-3

Related posts

Bionic Boots

Since he was a teenager, Keahi Seymour has admired the incredible speeds of the Ostrich and other land-dwelling two-legged creatures. With ostriches able to reach top speeds of up to 45 mph, Seymour was determined to unlock the secret to their quickness. His solution: super boots that...

Nokia’s first device after Microsoft is an iPad mini clone that runs Android

Nokia's first device after Microsoft is an iPad mini clone that runs Android

Nokia is back in the devices business just under seven months after selling its devices and services unit to Microsoft for $7.2 billion. Nokia is unveiling its N1 Android tablet today, days after revealing its plans to license its brand name and teasing a black box on Twitter. Just like...

Leave a comment