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Bill Gates Thinks AI Taking Everyone's Jobs Could be a Good Thing (businessinsider.com)
Bill Gates, the billionaire co-founder of Microsoft, thinks that artificial intelligence will take over a lot of jobs and ultimately will be a good thing. From a report:
In an interview, Gates said that robots taking over our jobs will make us more efficient, and lead to more free time. "Well, certainly we can look forward to the idea that vacations will be longer at some point," Gates told Fox Business. "If we can actually produce twice as much as we make today with less labor, the purpose of humanity is not just to sit behind a counter and sell things, you know?"
...is A-OK with no one else having money.
Exactly. He's been a billionaire for most of his adult life and has no concept of reality.
A hundred years ago, Henry Ford paid his employees wages that were higher than most other companies at that time. Not because he was generous, but because he understood that they weren't just workers, they were also customers, and good wages meant they had more money to spend and in the long run he would sell more cars.
Ironically, in the long run, the destruction of jobs by robots and AI hurts the billionaires just as much as everyone else. You aren't just getting rid of jobs/employees -- you're getting rid of customers. Once you've used robots and AI to eliminate all the jobs, who exactly do you think is going to buy your company's products?
He means unemployment and time to wander the streets because you're homeless.