Human Labor Versus Robots<\/p>\n
The idea that robot automation and software can replace human labor may seem obvious
\nto people who are involved in the automotive manufacturing field. On the other hand, there has
\nbeen a growing concern by the majority of people over the future of employment in the
\ntechnological era. Many believe that the advancements are responsible for the jobs being lost and
\ndestroyed which have contributed to the stagnation of median income. The growth of income
\ninequality is mainly being attributed to the technological advancement in the United States.<\/p>\n
Implications on corporate tax<\/p>\n
The US Tax policies encourage the use of robots and other automation which is changing
\nthe types of jobs available. Computers have replaced many middle-income jobs such as
\nbookkeeping. Jobs that require problem-solving skills and computers have rapidly increased and
\nare aided by computers. Human labor has been left to compete for the little spaces left in the
\nfields of service work such as restaurant workers. The middle-class who are the majority have
\nbeen robbed of employment chances by replacing them with machines. With no employment, it
\nmeans fewer tax returns for the US government since there are no people to tax. The bulk of
\ntaxes in the US are remitted by taxation of human labor income. Robots, on the other hand, are
\nyet to be taxed which translates to the reduced tax base for the government.
\nHow tax reform will improve human welfare<\/p>\n
US tax policies encourage the use of automation. Robots and software are considered to
\nbe more productive than human labor resulting in a higher capital income. However, capital
\nincome is taxed at much lower rates than that of labor income. To be fair to the population that
\nwill lose their jobs, a reform to tax the machines should be made. The tax will be used to provide
\na universal basic income which will support the labor force that will be replaced by the<\/p>\n
HUMAN LABOR VERSUS ROBOTS 3<\/p>\n
machines. The US tax policies should not encourage the idea of automation until the reform to
\ntax the robots is passed into a policy.<\/p>\n
Beneficiaries of tax reform<\/p>\n
The reform to impose the tax on the robots would greatly benefit the middle-income
\nearners who will be affected by the transition. Currently, only high-income earners, business
\nowners, and the governments are benefiting from taxes. By taxing the robots to compensate
\nhuman labor, the middle-income earners will have a chance to open up their businesses with the
\nmoney they receive. Besides starting up their business, they will be saved from work injuries
\nespecially for those working in factories. Secondly, business owners will equally benefit because
\nthey will not have to cover for employee injuries at the workplace hence increasing safety.<\/p>\n
Reflection on why the reform is yet to be adopted.<\/p>\n
In my opinion, the reforms to tax robots may not be taking place soon. The high
\nproductivity associated with the use of automation will lead to the growth of the businesses and
\nthe companies. The extension will require human labor who will deserve higher salaries. Taxing
\nthe robots will mean that many companies will be reluctant to use automated machines. Without
\ntaxing the robots, the growth in business which will attract higher wages will earn the
\ngovernment higher revenue from taxing both capital and labor income. The government will
\nwant to leap higher revenue, and I feel that it encourages automation for the same purpose.
\nManufacturers face the risk of higher expenditure through taxation, payrolls, and compensations
\nwith increased productivity.<\/p>\n","protected":false},"excerpt":{"rendered":"
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