When people are saying "robots will take our jobs! We're doomed!", they're implying "productivity gains will make us poorer!"
-
-
Replying to @fchollet
Which frankly is an absurd thing to say --especially after 200 years of dramatic economic and social progress driven by productivity gains.
10 replies 5 retweets 10 likes -
Replying to @fchollet
that hasn’t been true for 40 years.pic.twitter.com/nX8r6A98OM
2 replies 0 retweets 1 like -
Replying to @davidjayharris
quite an an extraordinary claim, since basic economics preclude this from happening (unless in a monopoly situation).
2 replies 0 retweets 0 likes -
Replying to @fchollet @davidjayharris
But I fail to see the extraordinary evidence required to back it. A cursory glance at the methodology shows that
1 reply 0 retweets 0 likes -
Replying to @fchollet @davidjayharris
both productivity and "real wages" metrics used are completely flawed
1 reply 0 retweets 0 likes -
-
Replying to @davidjayharris @fchollet
But seriously: I don’t see why the claim that income inequality will grow faster than productivity gains is at all extraordinary
1 reply 1 retweet 0 likes
because in a perfectly competitive market, price will redistribute 100% of prod gains to consumers. Ours not perfect though.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.