Re:The Despair of Poor White Americans
by rayiner on Saturday August 06, 2016 @09:36PM
(#12240676)
Kodak at its peak needed 10,000 workers to generate a billion dollars in revenue. Google needs less than 1,000.
The Bay Area only represents 4.5% of US GDP, so the impact on employment is small so far, but as software eats the world and companies become less like Kodak and more like Google, that's going to put a lot of people out of work.
The Bay Area only represents 4.5% of US GDP, so the impact on employment is small so far, but as software eats the world and companies become less like Kodak and more like Google, that's going to put a lot of people out of work.