A Quote by Bill Gates
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. ... 20 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.
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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.
The skill sets it takes to be a successful entrepreneur, a successful marketer, or a relevant celebrity is a different skill set than you needed ten years ago, even though that was the skill set that mattered for decades.
A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.
I think automation will eliminate certain types of jobs - lower income, lower-skilled jobs in manufacturing. But nobody knows whether it's going to change the job basket of the 21st century, or be net positive, or net negative.
One of the things I realized is that if you do not take control over your time and your life, other people will gobble it up. If you don't prioritize yourself, you constantly start falling lower and lower on your list, your kids fall lower and lower on your list.
One area in which we can be certain mass immigration has an effect is housing. More than one third of all new housing demand in Britain is caused by immigration. And there is evidence that without the demand caused by mass immigration, house prices could be 10% lower over a 20-year period.
Over time, people will notice what you are doing. Then you'll be in demand, and when you are in demand, you'll make money.
The only skill that will be important in the 21st century is the skill of learning new skills.Everythi ng else will become obsolete over time.
It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product.
I believe it is an important project, it makes the cost of doing business lower and they will make us more competitive at the same time, it will also provide some satisfaction to the people who demand services for them of the quality they want and also quickly.
I'm a big believer in what I call demand-style workforce development. It looks at what kinds of skills are in demand out there in the workplace. It takes that approach to skill-building.
Over the years, America had become more like Wal-Mart. It had gotten cheap. Prices were lower, and wages were lower. There were fewer union factory jobs and more part-time jobs as greeters.
In the business world, lower profits reflect less demand for your product. But in government the opposite is true - demand for our services increases in hard times.
It's usually much easier for people with professional skills to find work for themselves or even possibly to continue with their old employer, but on a part-time basis. Some labor economists predict that in about five years there will be a labor shortage in the United States and that demand for retirees to work part-time will grow naturally. I don't know if that's true or just wishful predicting.
We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard
The billionaires pay an effective tax rate lower than nurses or truck drivers. That makes no sense at all. There has to be real tax reform, and the wealthiest and large corporations will pay.
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