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Philippe Waechter

Chief economist

Innovation and Employment – Part I

10.03.2017 - Philippe Waechter

The issue of robots and employment emerged recently during the French election campaign, with presidential candidate Benoît Hamon discussing two aspects of this matter at great length. The first aspect is job shortages caused by robotization of the economy: the result of this shift is to make basic universal income a necessity to offset the impact of these shortages on French citizens’ income. The second area involves taxing robots in order to finance the social model as well as education. I will look into these issues in detail in three successive columns. The first will deal with the traditional relationship between innovation and employment, the second will focus on the introduction of artificial intelligence and the third will discuss the issue of taxing robots and explore the key question of who owns these machines.

Philippe Waechter is Head of the economic research department of Ostrum Asset Management.

Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.

Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.

On Twitter

Philippe Waechter . 10h ago

RT @Devin_G_Pope: I was reminded today of this great paper by Robert Jensen. It shows how price dispersion for fish decreased in India when…

Philippe Waechter . 16h ago

Le prix du pétrole va pénaliser le pouvoir d’achat en 2019 https://t.co/ToznZLM2l4 https://t.co/KvbBCmT361

Philippe Waechter . 16h ago

La hausse du prix du pétrole est la mauvaise surprise du début d'année. Le prix est désormais au même niveau que la… https://t.co/qpe8rYq8Ns

On 3 April 2018, Natixis Asset Management became Ostrum Asset Management.