Mark Cuban: Robots will ‘cause unemployment and we need to prepare for it’

Cuban's tweet follows an interview with CNBC on Friday in which he said President Donald Trump and his administration do not understand technology advancements.

"I'm willing to bet that these companies building new plants ... this will lead to fewer people being employed," Cuban told CNBC , adding that "people aren't going to have jobs."
"How does [Trump] deal with displaced workers?" Cuban asked.

The "Shark Tank" judge is an investor in large technology companies including Amazon and Netflix. Cuban's comments come after major technology chief executives have warned about the impact of automation and AI on jobs.

Last week, Tesla (NASDAQ: TSLA) CEO Elon Musk spoke about autonomous cars and progress in that area happening "much faster than people realize".
"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," Musk said.
Musk, among others, has been speaking about ways to deal with the displacement, including a growing chorus of voices in the technology industry calling for a universal basic income.

Meanwhile, Microsoft (NASDAQ: MSFT) founder Bill Gates recommended last week that robots who took over human jobs should pay taxes .

Comments

Jailbreak: FG pledges to relocate correctional centers

Jailbreak: FG pledges to relocate correctional centers Published on April 26, 2024 By Esther Chisom Tunji-Ojo made the pledge when he visited the Suleja Medium Security Custodial Centre. DAILY POST recalls that 119 inmates escaped from the prison following a rainstorm that damaged the facility on Wednesday. The minister said it was imperative to relocate a lot of the correctional centres to a more conducive environment. “This facility was built in 1914 to house 250 inmates; before this incident, we had 499. “This is a testimony to what we keep talking about the overcrowding of our correctional centres. “You can look at the environment, it shows that we need to relocate them away from city centres to create better space, better security, and better infrastructure,” he said in a statement issued in Abuja by the Director of Press and Public Relations of the ministry, Mr Ozoya Imohimi. Tunji-Ojo said the ministry is already working behind the scenes to build a be...

FG set to deploy first batch of CNG vehicles ahead of Tinubu's one year in office come 29th May 2024

FG announce plans to deploy the first batch of CNG Vehicles ahead of first anniversary of Tinubu in office on May 29th 2024. Said N100 billion was allocated to purchase 5,500 CNG vehicles, 100 electric buses, and over 20,000 CNG conversion kits. Deployment of CNG vehicles is parts of FG’s vision to have at least one million natural gas propelled vehicles on the roads by 2027. The Federal Government has announced plans to start the deployment of Compressed Natural Gas (CNG) buses and tricycles for mass transit ahead of Tinubu administration’s first anniversary on May 29th. The move was disclosed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement on Sunday April 21st 2024. According to him, the Federal Government allocated N100 billion last year to purchase 5,500 CNG-powered vehicles (buses and tricycles), 100 electric buses, and over 20,000 CNG conversion kits. The funding, which is part of the N500 billion palliative budget, a...

Jonathan Opens Up: "Why I Don’t Want To Testify For Metuh"

An application filed by former President Goodluck Jonathan before the Federal High Court in Abuja has revealed further reasons why he wants to be excused from appearing as a witness in defence of a former National Publicity Secretary of the PDP, Olisa Metuh. Metuh is standing trial on charges involving, among others, the N400m he (Metuh) received from the Office of the National Security Adviser in 2014. The former President in his motion challenging the subpoena issued on him, stated that with “with several attempts by some persons in the current dispensation, to harass, intimidate and rubbish” his reputation and that of his wife, the witness summon issued on him upon Metuh’s request was a ploy to drag his name in the mud. He also argued in the motion filed on his behalf by his lawyer, Chief Mike Ozekhome (SAN), on Monday, that his testimony being sought in Metuh’s trial, would not only amount to an invasion of his right to privacy, it would also expose him to a cri...

uchendu

Search This Blog