In this context it means something specific, and people understand it. Algorithm as a word has moved far beyond computer science contexts.
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The word evolved the way it evolved. It means more than what it meant. A perspectivist critique based on its previous meaning obscures the issue. I run into this all the time with technical people. Objecting to word evolution is both a fight one can’t win, also not useful.
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That describes a modern car engine, the supply chain of their sneakers, and many things they freely consume. It's a description of a complex world.
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The car engine is subject to you—well, until skynet actually takes over. You steer, wheels turn; you press down, it accelerates. You don’t experience the car engine at all like a hiring algorithm. Supply chain is invisible to people, only experienced as price, maybe quality.
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