I guess it depends on how strict your definition of algorithm is, but I share an office with an Architect and he seems to spend the largest portion of his time dealing with codes and rules and laws and compliance.
Edit: And to add to the sibling comment, he is paid what he is, as much of not more for his knowledge of those rules and experience navigating them as he is for his aesthetic sense.
I wouldn't say he's wrong, though, just "not yet right". Architects and construction workers, for example, are one industry that is not yet eaten by software, but IMHO will be within the next 20-30 years. I could see housing revolutionized by software that just encodes all the relevant building codes in software, then uses a WYSIWYG editor and constraint solver to let people design their own houses, then has robots build the house from the ground up. The role of the architect would be replaced by software; the role of the construction worker by robots. Instead you would have surveyors and people who load the building materials from trucks into the robots, both of whom function below the API.
What I’m trying to say is I can see what it means if I squint at it a bit.
That said, there are algorithms that govern our daily lives. An economy is sort of emergent behavior of all the participants.