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> What’s more, where GM’s production led to eight jobs in its supply chain for every one person it employed directly, the ripple effects of the Big Five’s busin
by neolefty 9y ago
> What’s more, where GM’s production led to eight jobs in its supply chain for every one person it employed directly, the ripple effects of the Big Five’s businesses, with the exception of Apple, are much smaller.
Would Amazon's ripple effect be pretty big too? All the products it sells have manufacturers (who have employees). Or is it better described by disintermediation, where a product that is sold via Amazon now would have been sold via brick & mortar before?
- Tloewald 9y agoI think you've mostly answered your own question. To some extent, Amazon presumably creates new sales (and hence new jobs in production) but this is almost certainly offset by the jobs it destroys (middlemen of various kinds). AWS might have greater ripple effects (enabling new tech companies) but they themselves aren't large employers.