Jensen Huang and Bill Gates are publicly split over what to do about AI's effect on jobs, with Gates pushing for new taxes on robots and AI tokens and Huang arguing the technology will end up creating more jobs than it destroys, according to Fortune.
Gates's case rests on a quirk in how businesses are taxed today. Employers pay payroll taxes on human workers but can write off robots as a business expense, an asymmetry Gates argues effectively subsidizes replacing people with machines. He warns that widespread AI driven job losses could shrink government tax revenue at the exact moment more funding is needed for retraining programs and a stronger social safety net. Gates has struck a generally cautious tone on AI overall, flagging risks that go beyond employment, including effects on childhood development, criminal misuse, and unemployment among Gen Z workers specifically.
Huang does not dispute that taxes need to rise, saying plainly that he is in favor of taxes, but he disagrees with Gates's specific target. He argues there are probably lots of different ways to approach the problem beyond taxing robots directly, and predicts AI will turn out to be a net job creator at a scale the economy has never seen. His reasoning leans on historical precedent: when companies become more productive, he said, they typically do not lay off workers, they hire more of them to capture the growth that productivity unlocks.