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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 Natixis 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 . 18m ago

Isn't it funny? "Trump paints himself as the real victim of Charlottesville in angry speech" https://t.co/Y4PgB1pyX9

Philippe Waechter . 49m ago

Theresa May accused of U-turn over EU court’s role after Brexit via @guardian https://t.co/5BXyR4KAPN

Philippe Waechter . 10h ago

RT @canardenchaine: DEMAIN DANS LE CANARD Code du travail: que demandent les patrons? "Oh ! juste quelques Medifications !'