Gates Warns of Software Replacing People; Greenspan Says H-1Bs Fix Inequity

dcblogs writes "Bill Gates and Alan Greenspan, in separate forums, offered outlooks and prescriptions for fixing jobs and income. Gates is concerned that graduates of U.S. secondary schools may not be able stay ahead of software automation. 'These things are coming fast,' said Gates, in an interview with the American Enterprise Institute 'Twenty years from now labor demand for a lots of skill sets will be substantially lower, and I don't think people have that in their mental model.' Meanwhile, former Federal Reserve Chair Alan Greenspan believes one way to attack income inequity is to raise the H-1B cap. If the program were expanded, income wouldn't necessarily go down much, but it would go down enough to make an impact. Income inequality is a relative concept, he argued. People who are absolutely at the top of the scale in 1925, for instance, would be getting food stamps today, said Greenspan. 'You don't have to necessarily bring up the bottom if you bring the top down.'"

Comments

Re:Bill Gates and Alan Greenspan ..

[Anonymous Coward]

Please, continue trolling. How exactly did Bill Gates fuck up the software industry?

Re:Living in 1925 kinda sucked

[pspahn]

Also, what's "necessary" is defined by employers. If I'm going to function as an office worker I'm expected to have a car, cellphone, college education, etc.

I think it's pretty sweet that I have none of those three things you mentioned and am still able to bring in a nice paycheck. Sometimes all you need is hustle, or as my dad says, "you don't catch a rabbit without shaking a bush."

Re:A few things to fix this country.

[Nephandus]

Taxes taxes taxed by taxes?! Yeah... Fuck you, You greedy little idiot. The government's stealing enough to piss it away elsewhere. It's dumb enough two people could lose money just by rebuying stuff from each other. Wealth isn't being created by mere changing of hands, and the goverment's already in the way of wealth being created. We don't need to pay them for engaging in business they've nothing to do with other than robbing us of both money and freedom during.