On February 17, Bill Gates set the news agenda around the world by declaring that a so-called "robot tax" should be introduced in order to counteract job losses caused by automation. "Right now," he told online publication Quartz, "the human worker who does, say, $50,000 worth of work in a factory has that income taxed. If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level." There is no doubting that Gates' vision of job displacement is not of a distant dystopian future, but today's reality: in 2015 expenditure on… [Continue Reading]
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