Here’s a question that no one even thought to consider until now- should we be taxing robots? *Before I go much further, I want to make it clear that although the topic of a robotic workforce is a hot topic, I won’t be arguing the morals of the idea but rather the logistics assuming the transition is inevitable. Bill Gates stirred up quite a frenzy when he stated in an interview that robots who take human jobs should pay taxes. If robots begin taking human jobs, the government will begin to lose the tax generated revenue needed to fund their Continue reading Should We Be Taxing Robots?
Many states have been following the push to increase the minimum wage, with the hope of increasing the standard of living, and make the minimum wage a “living wage.” Yet many workers are still missing out on wage hikes because they work for tips. Many state minimum wage laws provide some sort of exemption from workers who receive tips. There is a minimum wage, and a “tipping minimum wage,” where the minimum wage for employees whose income partially comes from tips is typically lower than the minimum wage for employees who don’t get tips. In fact, only seven states mandate Continue reading Some Miss Out on Minimum Wage
Recently there has been a lot of talk about the ever rapidly growing market for machines that can replicate what used to be a human run job. According to Autodesk CEO Carl Bass, “The factory of the future will have only two employees: a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.” Economists predict that this type of automation will make the human jobs that we know today obsolete in the near future. Just in the US manufacturing jobs have fallen from 25% Continue reading The Robotic Future of the Job Market