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"Most Jobs Will Disappear Forever": Bill Gates Calls For Taxes On AI And Robots To Protect Jobs For Humans
"Most Jobs Will Disappear Forever": Bill Gates Calls For Taxes On AI And Robots To Protect Jobs For Humans
Authored by Tom Gantert via The Epoch Times,
Microsoft cofounder Bill Gates warned Wednesday that artificial intelligence (AI) will permanently eliminate many white- and blue-collar jobs and called for taxes on AI and robots along with protections reserving certain jobs for humans.
Bill Gates in Sun Valley, Idaho, on July 9, 2026. Kevin Dietsch/Getty Images
"Many jobs will disappear forever," Gates wrote in an essay published on his Gates Notes website. He said AI...
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Jun 7, 2026 / Tyler Durden
Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever
Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever
Authored by Michael Snyder via The Economic Collapse blog,
U.S. households are being financially squeezed at a level that we have never seen before. I have often said that we are in a long-term cost of living crisis that never seems to end, and that is not an exaggeration at all. Just about everything has been getting more expensive in recent years, and as a result our standard of living has been going down. In many areas of the...
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Jun 30, 2026 / Tyler Durden
Another JOLT: Jobs Opening Smash Expectations, Despite Another Drop In Number Of Hires
Another JOLT: Jobs Opening Smash Expectations, Despite Another Drop In Number Of Hires
Another month, another whopping beat by the BLS JOLTS job openings report.
One month after the April JOLTS report came out with a whopping 9-sigma beat to estimates, when it showed that in April the US added a whopping 731K job openings to 7.618 million (and up 520K from a year ago), smashing estimates of 6.9 million, moments ago the BLS reported that in May, the number of total job openings printed at 7.594 million, almost as if...
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Apr 3, 2026 / Tyler Durden
Services Sector Contraction In March Screams Q1 Stagflation
Services Sector Contraction In March Screams Q1 Stagflation
Following S&P Global's Manufacturing PMI's better than expected print higher (signaling resilience in the face of March's war in Iran), the data released this morning showed the US Services Sector experienced a contraction of activity at the end of the first quarter of 2026.
The headline S&P Global US Services PMI Business Activity Index recorded 49.8 in March, down from February’s 51.7 and lower than the earlier ‘flash’ estimate of 51.1.
It was the first decline recorded in over three years amid the weakest...
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