No, Tech Firms Are Not Huge Job Creators

You have to look at jobs as a percent of the entire labor force. When you do that, sample set of companies looks like 20 years after their founding:

Modern tech companies are all at the bottom. The only exception is Amazon, and it’s arguable just how much Amazon is really a tech company anyway. Putting a web interface on retail doesn’t really count, but then again, providing cloud services does. So they’re about half and half, which probably explains why they’re in the middle of the chart.

For better or worse, modern tech companies just aren’t huge jobs producers—and as machine intelligence progresses, they’re likely to become even smaller players in the employment market.

— source motherjones.com By Kevin Drum

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s