Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, youโre encouraging labor substitution and youโre going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then youโre just making a huge trade-off.
Bill GatesWe always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction.
Bill GatesSo we do software for watches, for phones, for TV sets, for cars. And some of these take a long time to catch on.
Bill GatesOne thing people underestimate is how markets don't allow anyone to do anything except make better and better products. There's not much leeway. The world is a lot more competitive than most people think, particularly in a high-technology area. If a company takes its eye off improving its products, if it tries to do anything that would be viewed as an exercise of power, it'll be displaced very rapidly.
Bill Gates