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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 . 9h ago

This graph, which is one year old, shows the bitcoin trajectory as a bubble. In fact it was probably too optimistic… https://t.co/6DAMNou83Z

Philippe Waechter . 10h ago

@AntonioFatas This reflects a new stage of the Chinese economic development from industry led growth to services le… https://t.co/li0NxhoSWR

Philippe Waechter . 12h ago

Selon la tradition des régimes communistes, on efface les réformateurs qui font de l’ombre au détenteur du pouvoir… https://t.co/uvx0umCbXa

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