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Require companies to pay social security and federal income tax for jobs replaced by robots.

Created by J.C. on January 28, 2013

News articles on 1/28/2013, “The Great Reset: Recession, technology kill mid-pay jobs”, and on 10/14/2010, "Employers embracing automation to cut costs, red tape", mention the impact of automation to job lost. Current policy assumes people working for most of their life. What if the job market is actually shrinking? How can we sustain our social security with a shrinking job market? A solution is to change our social security policy to restore the contribution of the lost jobs as a result of automation. Specifically, treat the productivity gain of automation as intangible labor in the collection of the social security and federal income tax, by calculating the productivity of these machines in terms of the number of people they replace, including their wages.

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