WASHINGTON (CBSDC) — Bill Gates predicts that many jobs will be done by bots instead of people in the near future.
The Microsoft made the comments before The American Enterprise Institute on Thursday.
“Software substitution, whether it’s for drivers or waiters or nurses … it’s progressing. Technology over time will reduce demand for jobs, particularly at the lower end of skill set,” Gates said, according to Business Insider. “Twenty years from now, labor demand for lots of skill sets will be substantially lower. I don’t think people have that in their mental model.”
Gates isn’t the only one warning of bots potentially taking away jobs from people. MIT researchers Erik Brynjolfsson and Andrew McAfee claim in their book The Second Machine Age that “we are at an inflection point.”
“The key building blocks are already in place for digital technologies to be as important and transformational to society and the economy as the steam engine,” they wrote, according to the National Journal.
Gates said that to help potentially curb the use of bots, tax codes will need to be changed to encourage companies to hire people and stated that the national minimum wage should not be raised.
“When people say we should raise the minimum wage, I worry about what that does to job creation,” Gates said. It is “potentially damping demand in the part of the labor spectrum that I’m most worried about.”
Gates also said during his appearance that almost no countries will remain officially “poor” by 2035.