4 ms·
Reminds me of this article: Google and Facebook contribute zero economic value. That's a big problem for trade. https://www.washingtonpost.com/news/innovation
by jpao79 8y ago
Reminds me of this article:
Google and Facebook contribute zero economic value. That's a big problem for trade.
https://www.washingtonpost.com/news/innovations/wp/2016/10/24/google-and-facebook-contribute-zero-economic-value-thats-a-big-problem-for-trade/ https://www.washingtonpost.com/news/innovations/wp/2016/10/2...
- conanbatt 8y agoReally, 0 economic value. Nobody gets anything of value from using those services, its just wasted time.
- flomble 8y agoThe linked article is about how despite those services obviously having value to their users, they aren't accounted for in economic statistics, e.g. in measuring productivity, because they are "free" (i.e. paid for by subjecting oneself to advertising/tracking).
- conanbatt 8y agoI am suspect of this being true because GDP is measured in several ways, and you can measure the contribution of tech companies through their salaries and profits or through their expenditures and sales to ads. (i.e. their contribution to GDPcan be measured in their revenue) But this is also a red-herring, its at most an accounting issue, not a real economy issue.