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is it time to tax job-stealing robots?

by:QY Precision      2019-09-28
If robots are going to steal human jobs, then it\'s fair for them to pay taxes, right?
This is the logic behind the robot income tax, which is a possible solution to the next wave of employment transfers brought about by automation.
In a report released last year, market research firm Forrester predicted that robots would occupy five percentage points of U. S. jobs. S.
By 2021, the transportation and customer service industry was particularly hit.
A Canadian study, which looks 20 years behind, predicts that this number will jump to more jobs, including white-collar industries such as law and accounting.
There are usually two kinds of solutions to help alleviate pain: retraining displaced workers, engaging them in occupations in areas that are less likely to be automated, such as child care, and providing universal basic income.
But both solutions cost money, and money needs to come from somewhere. Some policy-
Manufacturers believe it should come from robots that replace human labor.
How does this work? San Francisco\'s Municipal politician, Jane King, launched a campaign this week called \"the work of future funds\" to study on-the-job income taxes across the state --
Stealing machines can work.
Assuming automation is inevitable, Kim recommends new opportunities from the tax plan (
For those of us who don\'t have chips and data)
Investment in employment retraining and education.
Because robots can\'t actually pay their own taxes (for now)
A company that employs robots may pay taxes to the government based on the amount generated by each robot, or based on the profit saved by the automated labor force.
Earlier this year, Bill Gates first came up with the idea of collecting a robot tax, saying in an interview with Quartz: \"Now, if a person does a job worth $50,000 in a factory where income is taxed.
If a robot does the same thing, you think we will tax the robot.
Microsoft Inc.
The founder also pointed out that there are still many things that humans are naturally better at than robots, especially those who need sympathy, such as caring for the elderly or helping children with special needs.
He suggested that training expenses could be paid with robot tax.
He said that there is insufficient work service that requires these skills.
\"We are still dealing with a huge shortage of people.
But the concept has its disadvantages.
Critics argue that a tax on robots would discourage businesses from adopting robots and hinder innovation.
Robert Seamans, associate professor of management at New York University, said that in an era of slow productivity growth, taxing robots is a particularly bad idea.
\"The empirical evidence available suggests that robots will boost productivity growth, so taxing robots will limit productivity,\" he said . \".
Today, Gates is a philanthropist who thinks it may not be a bad idea to slow down the pace of automation.
This will give us more time to think about how to deal with the changing economy and avoid social crises that may arise if we are not prepared for mass unemployment.
Automation Device for big white promotion
In fact, robot income tax is still a long way from the job market in Canada for several reasons.
First, \"even the term robot is not entirely clear,\" says Seamans, especially in this case.
When we talk about \"work-
\"Stealing robots\" refers to the mechanical arm used in the factory?
Does the definition include self-
Driving a car?
What about a virtual assistant like Siri or Alexa?
\'We don\'t know enough about how automation replaces work, \'he said.
\"We need to start systematically collecting data that robots use in the workforce.
\"It is clear, however, that while automation eliminates manpower in certain industries, it creates new opportunities in other industries. Don\'t think so?
Just find an unemployed AI engineer.
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