Bill Gates and Mark Zuckerberg Warn on Declining Job Market & What You Should be Looking into
Bill Gates and Mark Zuckerberg are tech gurus who made their fortune creating and applying technology, yet they are telling people that tech is one reason for declining jobs, and at the same time, they share their vision (see intro and link to full article on marketwatch.com below) on how artificial intelligence and robotics will create 15 million new jobs but kill 25 million jobs, that’s a 10 million job shortage. This does not include jobs being lost to globalization, which comes with corporate downsizing and companies moving their production overseas. As an example, the iconic Apple brand who moved their production totally overseas from the moment they started growing. Although many people love the iPhones, iMacs, watches and all their other products, that fact is Apple as a company does not really create jobs here in the US, except for their retail stores and US office employees, which are not that significant, Apple farms out its jobs, for the same reason, so many other companies do it, to make more profit through cheaper labor and less taxes!! To be fair, we are not picking on Apple, we used them as a reference, the fact of the matter is that today most major brands are fabricating overseas with the bulk or a portion of their manufacturing based outside of the United States. If you wanted to be a smarter consumer, reciprocate and only buy products that are US made to support your own economy, it may be challenging to find the products we want or like that are made in America, because so many of them are made overseas…think about it, electronics, clothing, many cars, it goes on and on.
Mark Zuckerberg and Bill Gates built billion-dollar technology companies in two very different areas, but they both agree on the biggest threats to American jobs. At his Harvard University commencement speech on Thursday, Facebook chief executive Zuckerberg, had some tough words for the Class of 2017. “Our generation will have to deal with tens of millions of jobs replaced by automation like self-driving cars and trucks,” he said, adding, “When our parents graduated, purpose reliably came from your job, your church, your community,. But today, technology and automation are eliminating many jobs. Membership in communities is declining. Many people feel disconnected and depressed, and are trying to fill a void. Read full article here