Automating away inefficiencies and increasing productivity leads to greater wealth, which in turn creates more jobs. Different jobs.
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Replying to @fchollet
It is good to remember that the only thing you can do with money, ultimately, is hiring people. Money represents an integral of human time
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Replying to @fchollet
People are right to be concerned that wealth creation through technology may lead to a wealth redistribution issue, and greater inequality
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Replying to @fchollet
But the good news is that automation reduces the cost of life in everything that isn't artificial rent, making redistribution *easier*
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Replying to @fchollet
Redistribution is a social necessity. Ever-increasing automation along with reasonable redistribution will eventually create a tech utopia
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Replying to @fchollet
If reasonable redistribution mechanisms are in place, people will welcome automation rather than fear it, accelerating the pace of tech
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Replying to @fchollet
This whole thread is a quite impressive demo of wishful thinking :-)
1 reply 0 retweets 5 likes
In the US it is. But taxes + solid social safety nets work fairly well in several other countries already.
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Replying to @fchollet @nkoumchatzky
Actually the problem is related to old generations who feels fear with any new technology
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