Hayek Program Podcast

Glen Weyl on the Myths and Benefits of Automation

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Nov 5, 2019
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INSIGHT

Machine Learning Relies On Unpaid Human Work

  • Modern machine learning depends heavily on massive, unpaid human labor for labeled data rather than lone genius programmers.
  • This data-driven automation treats human-generated input as a free resource, skewing value away from contributors.
INSIGHT

Data Is Social, Not Oil

  • Major tech platforms show very low labor shares because they treat user-generated data as an untapped resource.
  • Calling data “oil” is misleading since data is created by social interactions and should be valued accordingly.
ADVICE

Build Data Cooperatives With Fiduciary Duties

  • Create mediators of individual data to collectively bargain, guarantee quality, and train members for digital work.
  • Design these organizations with fiduciary duties and no conflicts of interest to protect participants.
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