Sunday, March 05, 2017

Tax the Robots

"There will be fewer and fewer jobs that a robot cannot do better."-------Elon Musk

23% of routine jobs have largely been replaced by robotics and automation,
robotic production lines like Tesla’s will continue to eat away at manufacturing jobs.

This is just the beginning of the disruption;

There are now more robots on the internet searching for news an updates than humans

Robots are now taking over a range of jobs from security to checkout clerks.

At one restaurant in China, you can order a bowl of noodles made entirely by robots.

Japanese life insurer Fukoku Mutual replaced 34 insurance claim workers with IBM Watson Explorer software

Self-driving cars and drones will be able to pay for services (charging pods) with block chain 

There are just a lot of things that machines can do better than human beings;Jobs like teacher, doctor,
financial advisor, stockbroker, marketer, and business consultant.

Doctors and Consultants will never be able to keep up with every new publication in their areas of expertise.  Instead, they must rely on a small number of personal experiences rather than the complete knowledge in their field.

Humans can’t just plug in more servers when we reach our limits of processing new information

Many skilled jobs follow the same general workflow that robots perform better:
Gather data
Analyze the data
Interpret the results
Determine a recommended course of action
Implement the course of action

There is a social cost:
The avarage human with an income of $45,000.00 will pay income tax, pay social security tax, pay for services at the grocery store, restaurants, school, clinics, banks and run a family.

With the jobs gone, the entire social fabric is at risk.

Casting the blame of job losses on migration and globalisation is for small minds. These families are barely making enough to survive.

Plugin and Tax the Robots.

A powerful idea communicates some of its power to the man who contradicts it........... Marcel Prous

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