An assistant professor of finance at Stony Brook University criticizes the argument that technology "is quickly displacing a large number of workers, and the pace will only increase as automation and other forms of artificial intelligence become more advanced," specifically calling out Universal Basic Income proponents Elon Musk, Andrew Yang, and YCombinator Chairman Sam Altman: The problem is, there’s no indication that automation is going to make human workers redundant anytime soon. Technologists probably tend to believe in automation-induced job loss because they’re familiar with the inventions that are constantly forcing people to change what they do for a […]
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