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The Almighty Buck AI Businesses

Gates Warns of Software Replacing People; Greenspan Says H-1Bs Fix Inequity 516

dcblogs writes "Bill Gates and Alan Greenspan, in separate forums, offered outlooks and prescriptions for fixing jobs and income. Gates is concerned that graduates of U.S. secondary schools may not be able stay ahead of software automation. 'These things are coming fast,' said Gates, in an interview with the American Enterprise Institute 'Twenty years from now labor demand for a lots of skill sets will be substantially lower, and I don't think people have that in their mental model.' Meanwhile, former Federal Reserve Chair Alan Greenspan believes one way to attack income inequity is to raise the H-1B cap. If the program were expanded, income wouldn't necessarily go down much, but it would go down enough to make an impact. Income inequality is a relative concept, he argued. People who are absolutely at the top of the scale in 1925, for instance, would be getting food stamps today, said Greenspan. 'You don't have to necessarily bring up the bottom if you bring the top down.'"
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Gates Warns of Software Replacing People; Greenspan Says H-1Bs Fix Inequity

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  • by msobkow ( 48369 ) on Sunday March 16, 2014 @11:19PM (#46502551) Homepage Journal

    So Greenspan rightly pointed out that inflation means the top 1% from the '20s would be in poverty now if their wealth hadn't been subjected to inflation.

    Yeah. So what has that got to do with ANYTHING?

  • by Anonymous Coward on Sunday March 16, 2014 @11:51PM (#46502705)

    And cunts like you can just be murdered and robbed by those who get fucked over and can't get a new start. How's that grab you Mr. Darwin? You can't talk if I shoot your larynx out the back of your fucking neck cocksucker.

  • by Guppy06 ( 410832 ) on Sunday March 16, 2014 @11:54PM (#46502721)

    People who are absolutely at the top of the scale in 1925, for instance, would be getting food stamps today, said Greenspan.

    Has Greenspan blown the dust off his Rolodex lately? I can't think of anybody with the last name "Rockefeller" or "Vanderbilt" in 2014 that's hurting for cash.

  • by careysub ( 976506 ) on Monday March 17, 2014 @12:11AM (#46502813)

    In the New York Times Conservative columnist was opining last June that what the what the lower economic brackets really need is to develop a "rich inner life" and derive joy and satisfaction from whatever they have, rather than "focus on external wealth". if they are unhappy with their lot they have only themselves to blame.

    That's right folks, the solution to extreme inequality is for the poor to learn to make themselves happy! Just as the solution for inequality for Greenspan is to compress the Middle Class downward, make those who aren't struggling a lot, struggle a lot more.

    No, no don't look at the rich and super-rich! You're just making yourself unhappy - shame on you! Trust us you don't want, and shouldn't have a bigger share of the rewards of your labor, really those that have the most really need more of what you have

    In other news, the New York Times had a front-page article comparing the health and longevity of two groups of Americans living close to each other - one wealthy and one poor. Guess what? The poor are in poor health and die sooner.

    That's right. Inequality is killing people. Telling them to be happy ain't going to make them live longer, and making the upper middle class poorer won't do it either.

    It is quite apparent the plutocrats have an army of sycophants ready bury us in platitudes to divert any attention from how the entire nation is rigged to their advantage.

  • by pitchpipe ( 708843 ) on Monday March 17, 2014 @01:38AM (#46503103)

    I would give a lot to meet you in a dark alley sometime...

    What if he beat the shit out of you? Would you want your money back?

  • by El Puerco Loco ( 31491 ) on Monday March 17, 2014 @03:05AM (#46503391)

    Next time just write "I am a total asshole." It will get your point across much more succinctly.

In the realm of scientific observation, luck is granted only to those who are prepared. - Louis Pasteur