What effect will automation have on the future of work? It’s a topic many have debated recently. Some people are optimistic, whereas others envision a “Terminator”-style nightmare. They fear machines will take away jobs, causing widespread unemployment.
But to an extent, this is already happening. It’s wrong to think global trade is the key culprit for taking jobs away from Americans. The real issue is that robots are taking many human jobs, and those jobs aren’t going to come back.
In response to this dilemma, Bill Gates has suggested that we tax robots to ensure future prosperity. This is significant, given that Gates is the founder of Microsoft, a leader in the field of artificial intelligence. The idea is appealing: since machines are taking the jobs and producing the value, why not take the value from them?