Money Machines – An Interview with an Anonymous Algorithmic Trader
The key bit here is where he says that a lot of people will lose their jobs soon. There are tons of jobs that exist only because of momentum. The financial incentive to pay all these people will dry up and it’s going to hurt. And we won’t opt for UBI until many people have suffered a great deal. People do not seem to appreciate the gravity of what is coming.<p>Basically every time I bring up jobs, ai and society someone comes out of the woodwork to insult my character or sarcastically dismiss me. Never any substantive counter-arguments. I’m really looking forward to what you guys will come up with this time. Always such a pleasure.