advantages and disadvantages of manual labour

In terms of how a robot tax will actually work, Gates envisages the following:

He foresees that the proceeds of a robot tax would go towards improving education through smaller class sizes, “reaching out to the elderly” and helping people with disabilities all jobs that require human empathy. Bill Gates: why robots should be taxedīill Gates has argued that the best way to slow down the speed of automation so that society can cope with the transition is a robot tax. Alternatively, a company could pay higher rates of corporation tax for using robots in their workforce out of their profits, which are likely to have increased due to the powerful efficiency of a robotic workforce. The idea of a “robot tax” is yet to be fully defined mainly due to the fact that there are two ways that it could work.Ī company could pay income tax on each robot based on the displaced human employee’s salary. Proceeds raised by a robot tax can then be diverted to the displaced workforce, for example in the form of reskilling or retraining programmes. A robot tax is essentially the concept that companies replacing employees with automated workers should be required to pay a tax.

Advantages and disadvantages of manual labour