Given what we know about wealth distribution after the last crash, I'm in the second camp. But it's all backed by moral arguments*
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Replying to @slightlylate
Exactly! This is why I'm pushing people to talk about morality of automation. Robots can do many things. Morality should guide your choices
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Replying to @papakipos
This is a *very* old econ debate; huge literature.
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Replying to @slightlylate
Anything that you actually recommend? I note that morality was rarely considered during manufacturing globalization. Bad outcomes all over
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Replying to @papakipos
Hey, sorry, just getting back to this The data is conflicted at the limit. To what extent does growth depend on the safety net? Vice versa?
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Replying to @slightlylate @papakipos
What metric to use for growth? Nominal GDP? PPP for the median worker? Distribution of the income/wealth curve?
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Replying to @slightlylate @papakipos
Things like UBI are conflicted in 2 senses: 1.) we don't understand impact (good news: tests happening!) 2.) wealth interest groups against
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Replying to @slightlylate @papakipos
UBI is often something wealthy Bay Area residents toss around as a "solution" while supporting lobbying against tax & building infra/homes
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Replying to @slightlylate @papakipos
OTOH, assuming industry won't use AI to displace (particularly in knowledge industries where they pay high wages today) is fantasy.
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Replying to @slightlylate @papakipos
*particularly* where trans-national effects allow regulatory arbitrage. Also, knowledge workers are the least unionized.
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This hasn't gone well for other transitions. I'm reminded of: https://fivebooks.com/interview/dani-rodrik-on-globalisation/ … And: https://www.amazon.com/Stability-Growth-Macroeconomics-Liberalization-Development/dp/0199288143 …
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Replying to @slightlylate @papakipos
Few of the policy recommendations in the last one were adopted here in the US. Now Trump is president.
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Replying to @slightlylate @papakipos
Something interesting is that the wealthy are split. Some are delusional enough to think the pitchfork events won't catch _them_ out...
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