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.

Bill Gates, speaking at The American Enterprise Institute, predicting big changes in the labor market over the next 20 years due to further advances in technology

Posted on 3/18/2014
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