Re:Economists are revising their views on robots and jobs
by worik on Tuesday January 25, 2022 @08:21PM
(#30080462)
Oh my. Econonmists
>... a solid microeconomic foundation. ...more profitable and thus expand, leading to a hiring spree. Technology might also allow firms to move into new areas, or to focus on products and services that are more labour-intensive.
In my time spent studying economics, this is the sort of thing that micro-economists say all the time and it is not true.
The untrue bit is "solid foundation". It is post hock story told to give a quasi theoretical basis for an observation. The article, bless them, acknowledges separating causation and correlation is tricky.
Re:Economists are revising their views on robots and jobs
by worik on Wednesday January 26, 2022 @01:22PM
(#30089494)
Nassim Nicholas Taleb has done interesting work. But this is something different. His contribution was updating Knight's uncertainty for the modern world
>... a solid microeconomic foundation. ...more profitable and thus expand, leading to a hiring spree. Technology might also allow firms to move into new areas, or to focus on products and services that are more labour-intensive.
In my time spent studying economics, this is the sort of thing that micro-economists say all the time and it is not true.
The untrue bit is "solid foundation". It is post hock story told to give a quasi theoretical basis for an observation. The article, bless them, acknowledges separating causation and correlation is tricky.
Solid foundation, pfft!