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    27 Dec 2014

    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.
    Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said than 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 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 to hire 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."

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    1. phase 1: ban "homeless" from cities
      phase 2: set up involuntary camps for "homeless"
      phase 3: expand camp system for other "undesirable" members of society.

    2. Business degrees, marketing jobs - are rubbish. Didn't we know it already?

    3. So does that mean we won't get crappy software from crappy software companies forced on us and our children because they made a deal with the government. Maybe the robots will do away with selfish millionaire brats who only care about themselves and how much money they can make or how many islands they can buy. Maybe it will be the only way the world gets some morality instead behind the door business deals.

    4. Sophia LorenskyDecember 28, 2014

      Bad for tourism? I wouldn't go to the USA for a holiday for a million bucks.

    5. Sophia LorenskyDecember 28, 2014

      Step 4. Fire up the Soylent Green factories.

    6. Indeed. 'bots are replacing internet stooges even as we ponder this. The CIA is pouring billions into this field, with the idea that 'bots are cheaper than internet stooges as well as more reliable. They don't have any that can respond to you, other than thumbing your comment down. Sad state of affairs we have come to...

    7. lol maybe 30 years ago.


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