also fascinating that warren, committed enemy of the technology industry, has been more thoughtful about this question than yang, who pretends he represents us.
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quick question which jobs have been automated out of existence, exactly? folks are in hysterics over the trend, so presumably we have some terrifying data to support the claim which... somehow also reconciles itself with a *decline* in unemployment. right?
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Floor trader->HFT
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Also elevator operators -> software and bank tellers -> ATMs.
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Does that chart cut off before 2019? Here is what I see:pic.twitter.com/gqSc7DINfj
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yeah cuz the ratio of employees:revenue for today's companies isn't orders of magnitude wider than old companies... also there have been mass riots when huge groups lose their jobs and can't get new ones. the new jobs don't go to the people who lost the old ones.
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Maybe
@antoniogm has some insights here. I remember vaguely his twitter back and forth with Benedict Evans on the topic. -
This has been a steady process for 200 years. Jobs are always being automated out of existence. How many house maids, Linotype operators or elevator attendants are there now?The question is whether something new is happening.
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Automation fears speak to [outsourced] job loss, but also a deep desire to see America as so innovative that all jobs can disappear within a short period thanks to a few tech companies. Meanwhile, the data shows how much room there still is to innovate on legacy infrastructure.
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