Published on March 2nd, 2017 | by Nick Wallace0
The GDPR Could Take Your Job Before a Robot Does
Economist John Maynard Keynes once suggested, tongue only just in his cheek, that if governments want to create jobs, they could fill bottles with cash and bury them, so companies would hire workers to dig them up.
The EU’s incoming General Data Protection Regulation (GDPR), its attempt to strengthen and unify data protection laws, looks like Keynesianism’s evil twin: while Keynes’s idea would benefit the unemployed with paying jobs and companies with bottled government cash, the GDPR looks set to create pointless work, destroy productive jobs, stifle innovation, and cost everybody money.
Read the full article in City A.M.