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Investors everywhere drool at the idea that automation can make employees redundant - they're expensive and one of the biggest sources of risk in a business. Em
by pytester 8y ago
Investors everywhere drool at the idea that automation can make employees redundant - they're expensive and one of the biggest sources of risk in a business. Employees make investors super jittery.
I think the Trump trade war has only elevated those jitters. Investors are terrified at the prospect of paying an American $15 / hour what they used to pay $4 for in Vietnam.
The demand for automation is very, very, very high because of this. This drives a lot of investment which pushes up developer wages. It also means that a lot of people seeking investment aren't 100% truthful about what is possible and what isn't in their press releases.
Which is how we get this:
https://www.theguardian.com/technology/2018/jul/06/artificial-intelligence-ai-humans-bots-tech-companies https://www.theguardian.com/technology/2018/jul/06/artificia...
I think that this charade of "we will eventually automate 100% of the world out of a job" is kind of the silicon valley religion. Challenging it means violating a taboo - it threatens the torrent of cash being funneled into our ecosystem and, frankly, undermines the very core of the power we hold.