Picking on robots won’t deal with job destruction - News Summed Up

Picking on robots won’t deal with job destruction


I usually agree with Bill Gates on matters of public policy and admire his emphasis on the combined power of markets and technology. But I think he went seriously astray in a recent interview when he proposed, without apparent irony, a tax on robots to cushion worker dislocation and limit inequality. First, I cannot see any logic to singling out robots as job destroyers. There are many kinds of innovation that allow the production of more or better output with less labor input. A sufficiently high tax on robots would prevent them from being produced.


Source: Washington Post March 06, 2017 00:33 UTC



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