Tags: Mark Cuban | Robots | Unemployment | Prepare

Mark Cuban: Robots Will 'Cause Unemployment, We Need to Prepare for It'

Mark Cuban: Robots Will 'Cause Unemployment, We Need to Prepare for It'

(AP)

By    |   Monday, 20 February 2017 01:12 PM

Increased automation will cause people to lose their jobs, "and we need to prepare for it," according to businessman Mark Cuban.

"I'm willing to bet that these companies building new plants ... this will lead to fewer people being employed," Cuban told CNBC Friday, also saying, "people aren't going to have jobs."

Cuban echoes fellow billionaire Elon Musk, the CEO of Tesla and SpaceX, who at the World Government Summit in Dubai last week said that self-driving cars will likely displace workers sooner than people realize.

"The most near term impact from a technology standpoint is autonomous cars … That is going to happen much faster than people realize and it's going to be a great convenience," he said, according to CNBC.

"But there are many people whose jobs are to drive. In fact I think it might be the single largest employer of people ... Driving in various forms. So we need to figure out new roles for what do those people do, but it will be very disruptive and very quick."

The Dallas Mavericks owner then asked how President Donald Trump handles "displaced workers."

Microsoft founder Bill Gates said last week that robots that take over the work of humans should be taxed.

"If a human worker does $50,000 of work in a factory, that income is taxed," Gates told Quartz editor-in-chief Kevin Delaney. "If a robot comes in to do the same thing, you'd think we'd tax the robot at a similar level."

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Increased automation will cause people to lose their jobs, "and we need to prepare for it," according to businessman Mark Cuban.
Mark Cuban, Robots, Unemployment, Prepare
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2017-12-20
Monday, 20 February 2017 01:12 PM
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