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fchollet's profile
François Chollet
François Chollet
François Chollet
Verified account
@fchollet

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François CholletVerified account

@fchollet

Deep learning @google. Creator of Keras. Author of 'Deep Learning with Python'. Opinions are my own.

United States
fchollet.com
Joined August 2009

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    1. François Chollet‏Verified account @fchollet 28 Jun 2016

      In 1980, unemployment was at 6%, and pundits were warning us that robots were about to take millions of jobs.

      4 replies 11 retweets 15 likes
    2. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @fchollet

      Since then, robots have nearly fully automated the manufacturing sector, which has shrunk by ~10M human jobs. Unemployment is now at 5%.

      6 replies 9 retweets 10 likes
    3. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @fchollet

      Today, pundits are warning us that AI is about to destroy millions of jobs. I fully expect that in 2050 unemployment will be 5-8%

      1 reply 4 retweets 6 likes
    4. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @fchollet

      and that we will *still* be hearing the same warnings in 2050. Beware! Productivity increases are about to ruin the economy!

      1 reply 2 retweets 8 likes
    5. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @fchollet

      Worth noting that we have now a larger middle class, lower prices on almost everything, higher life expectancy & more. Long live automation!

      2 replies 2 retweets 10 likes
    6. iandanforth‏ @iandanforth 28 Jun 2016
      Replying to @fchollet

      I don't think any of those things are true. Real purchasing power for median income is down, life expectancy has plateaued ...

      1 reply 0 retweets 3 likes
    7. iandanforth‏ @iandanforth 28 Jun 2016
      Replying to @iandanforth @fchollet

      housing and tuition costs are up, and the percentage of wealth controlled by a tiny minority has massively increased.

      1 reply 1 retweet 2 likes
    8. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @iandanforth

      housing, tuition and healthcare are the only exceptions. Causes: no productivity increase + heavy govt regulations.

      2 replies 0 retweets 2 likes
    9. François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @fchollet @iandanforth

      it's both completely orthogonal to automation, and a very local phenomenon (since depends on govt policy).

      1 reply 0 retweets 0 likes
    10. iandanforth‏ @iandanforth 28 Jun 2016
      Replying to @fchollet

      if you listen to debates about student loan programs all you hear is "a college degree is now required", guess why.

      1 reply 0 retweets 3 likes
      François Chollet‏Verified account @fchollet 28 Jun 2016
      Replying to @iandanforth

      because everyone one has one, that's why. It's pure competitive signalling.

      9:33 PM - 28 Jun 2016
      1 reply 0 retweets 0 likes
        1. iandanforth‏ @iandanforth 28 Jun 2016
          Replying to @fchollet

          For white collar jobs yes, but it's the transition to a higher percentage of those jobs which sets the bar initially

          0 replies 0 retweets 0 likes
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