Microsoft founder Bill Gates believes in robot tax to slow speed of automation and fund jobs that are in demand and better fit for humans

Briefing

Microsoft founder Bill Gates believes in robot tax to slow speed of automation and fund jobs that are in demand and better fit for humans

March 20, 2017

Briefing

  • Robot Tax – Microsoft founder Bill Gates proposes passing robot tax on companies that use robots, just as income tax is levied on people
  • Slowed Automation Rate – Believes robot tax will slow speed of automation, and compensate for net loss attributed to technology unemployment
  • Fund Other Jobs – Says tax can be used to redirect job creation to where there is demand and humans are well-suited for, such as taking care of elderly or working with children with special needs
  • Government-Run Effort – Argues governments should lead programs, rather than businesses, to solve inequity problem
  • Rejected EU Legislation – EU lawmakers evaluated applying robot tax on owners to fund training for workers who will lose their jobs to automation, but decided against it in February 2016
  • Predicted Job Automation – Cites warehouse work, driving and room cleanup as some of jobs that will be automated over next 20 years

Accelerator

Market Disruption

Sector

Education, Healthcare/Health Sciences, Information Technology

Source

Original Publication Date

February 17, 2017

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