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A comment on Why Berlin should not look up to the Valley. Parent comment
http://www.vanityfair.com/business/2013/09/michael-lewis-gol...
The algos can be created by fewer people. Traders are being replaced by the algos, and fewer people are required to create the algos than do the original trading. So your point does not have a 1-to-1 job creation-destruction ratio.
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http://www.vanityfair.com/business/2013/09/michael-lewis-gol...
The algos can be created by fewer people. Traders are being replaced by the algos, and fewer people are required to create the algos than do the original trading. So your point does not have a 1-to-1 job creation-destruction ratio.