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We are (literally or figuratively) in Silicon Valley, disrupting everything. Why is anybody suggesting that innovating in the form of investment into companies
by Applejinx 8y ago
We are (literally or figuratively) in Silicon Valley, disrupting everything.
Why is anybody suggesting that innovating in the form of investment into companies, is creating jobs? Value, yes, by definition since it produces enormous wealth done properly. Why would anybody think this behavior creates jobs when ideally it tends to eliminate ALL jobs and charge eagerly into that Star Trek future?
'capital investment creates jobs' is a completely outdated concept that will never, ever return to validity.
- stealthmodeclan 8y ago'capital investment creates jobs' is a completely outdated concept that will never, ever return to validity. Why look at it in isolation? Here we comparing taking a job and collecting a paycheck vs investing capital. Investing capital is more likely to create or eliminate jobs which makes economy efficient than taking a simple job.