Last week, Bill Gates gave a talk at a meeting for the American Enterprise Institute’s Freedom Project (watch the full video at bottom of this post).
He discussed a number of things, but focused on how much progress we have made in the battle against poverty in recent years, pointing out that the number of people living in extreme poverty has dropped 80% over the past four decades.
Gates also stressed, however, that we need to be preparing for a not-so-distant future when robots and computers replace the majority of the jobs we have today:
“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…
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