"The increasing power of automation technology is going to put a lot of people out of work."

#Robots

Wed, May 28th, 2014 11:00 by capnasty NEWS

According to Microsoft-cofounder Bill Gates, automation technology will be replacing many jobs, warning us that “both governments and businesses need to start preparing for a future where lots of people will be put out of work by software and robots.” This part is particularly grim:

As for what governments should do to prevent social unrest in the wake of mass unemployment, the Microsoft cofounder said that they should basically get on their knees and beg businesses to keep employing humans over algorithms. This means eliminating payroll and corporate income taxes while also scrapping the minimum wage so that businesses will feel comfortable employing people at dirt-cheap wages instead of outsourcing their jobs to an iPad.

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