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Quote of the day

When seen through the lens of technology, few resources are truly scarce; they’re mainly inaccessible. 

 

Peter Diamandis

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

RATE THIS! +43
Posted in Business on 15th Mar, 2014 02:01 AM by AlexMuller

Big changes are coming to the labor market that people and governments aren't prepared for, Bill Gates believes. Speaking at Washington, D.C on Thursday, Gates said that within 20 years, a lot of jobs will go away, replaced by software automation ("bots" in tech slang).

 
"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.

Tags: Bill gatesautomationAImachine intelligencesoftware

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Comments

Author: Guest
Posted: 2014-03-15
+3
We already had articles that Robots are coming and that the change is imminent and revolutionary - now Bill Gates is adding his voice to the " big and scary" scenario - this is significant
2 Replies
Author: Guest
Posted: 2014-03-15
+2
Recently, this issue was well debated in article " The Rich and Their Robots Are About to Make Half the World's Jobs Disappear" - it is important to find solutions that would make this stage of tech development benefit all Reply
Reply
Author: Guest
Posted: 2014-03-15
+3
I think that Robots are much better option then manufacturers shifting production from the developed countries to cheap "sweat shops". Now when standards are improving to the levels that conditions are acceptable, even they got too expensive..... Reply
Author: Guest
Posted: 2014-03-15
+2
Yes, robots are coming. However, questions remain how quickly and which jobs they could be doing. The price of robots and the safety issues have to be resolved first
3 Replies
Author: Guest
Posted: 2014-03-15
+0
Yes, this is the next step because the power of intelligent machines is growing as their cost collapses. They are doing things reliably now that would have sounded implausible only a few years ago. Reply
Author: Guest
Posted: 2014-03-15
+1
Given the uncertainties many will assume that things will continue much as they have done. But if the techno-enthusiasts are at least partly right, the consequences will be far-reaching. This needs to be taken into account! Reply
Reply
Author: Guest
Posted: 2014-03-15
+1
The rise of information and communications technology has already been eroding jobs that involve repetitive tasks capable of being automated and digitised. This has disproportionately affected roles such as manufacturing, warehousing and administrative roles. More will come, but how quickly?
2 Replies
Author: Guest
Posted: 2014-03-15
+1
This may not result in lower overall employment – for most economists the main change is to job quality, not quantity. There has been a rapid growth in demand for high-skill roles involving regular interaction with high-tech Reply
Author: Guest
Posted: 2014-03-15
+0
Yes, and in some cases labour displaced from field or factory eventually found new, more productive roles, demand expanded, living standards rose..... Reply
Reply
Author: Guest
Posted: 2014-03-15
+0
We already had articles that Robots are coming and that the change is imminent and revolutionary - now Bill Gates is adding his voice to the " big and scary" scenario - this is significant Reply


 

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