Here's the short version:
We view the approach of "debiasing" word embeddings (Bolukbasi et al., 2016) with skepticism. If we view AI as perception followed by action, debiasing alters the AI’s perception (and model) of the world, rather than how it acts on that perception. This gives the AI an incomplete understanding of the world. We see debiasing as "fairness through blindness". It has its place, but also important limits: prejudice can creep back in through proxies (although we should note that Bolukbasi et al. (2016) do consider "indirect bias" in their paper). Efforts to fight prejudice at the level of the initial representation will necessarily hurt meaning and accuracy, and will themselves be hard to adapt as societal understanding of fairness evolves
Direct link to our paper: http://randomwalker.info/publications/language-bias.pdf