There is a skill floor in employment. The issue is that below the skill floor an employee produces negative productivity. They’re simply not worth it.
Automation has always pushed the skill floor up in every industry it has been successfully deployed in. There have been many waves of automation and there is still employment. So what’s different this time? Two things: neural networks and general automation.
Neural networks can automate a significant number of tasks that are beyond the ability of us to automate programmatically. NNs must be trained but once they are they vastly exceed any prior technique of automation […]
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