The upside for the “knowledge worker” is that if she plays her cards right, she can go from being a digital version of a tenant farmer and trade her own coin. She has the research ability and given the digital tools that she likely helped develop, she can identify opportunities for trade and actively enter the markets. This is why I shed no tears about engineers being laid off from Facebook, Google, or Twitter. You have the digital skills and the severance pay to become traders.
Category: artificial intelligence
Interbank Market News Scan: The real free market is the one between commodities owners, merchants, and traders.
You would swear that America has a labor centric economic policy especially when jobs day comes around. The labor centric sentiment is fleeting. The inordinate amount of attention that is given to the Federal Reserve and monetary policy tells me its more about the financial markets and a lot less about the labor markets.
A pause is not enough. Time to put a stop to artificial intelligence.
America faces a seminal moment not only for a push back on artificial intelligence but a push back on the dangerously increasing attitude of fatalism.