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In fact if you look at the history of once hot new industries (automobiles, airlines) you tend to see early cutthroat but fun to work for beginnings, followed b
by gmarx 11y ago
In fact if you look at the history of once hot new industries (automobiles, airlines) you tend to see early cutthroat but fun to work for beginnings, followed by periods of fewer competitors, glamour and even more (if different) fun (think airline pilot/stewardess in the 1960s) followed by more competition, decreasing margins and the jobs kind of sucking. I've done no research on this whatsoever so will likely be shown counterexamples shortly.
- cpr 11y agoAirlines may be a bad example, because they were operating for decades under price control, and most of the airlines never recovered from that mindset. The Amtrak syndrome...
- gmarx 11y agoNot just price control, regulation protected them from competitors in multiple ways until the late 1970s. I still think its' a good example. The point is you go through a golden age when everything is easy, competition is minimal to gentlemanly, for whatever combination of reasons