4 ms·
The valuation to jobs created ratio really highlights the imbalance between capital and labor in tech.
by ones_and_zeros 8y ago
The valuation to jobs created ratio really highlights the imbalance between capital and labor in tech.
- aaachilless 8y agoI'm not sure what the spirit of your comment is, but I feel like I should point out that this is to some extent the "point" of technology: to create more value with less human capital.
- mbesto 8y agoWhich is funny because many people in tech who are fighting against/for regulations tout how tech is creating so many jobs. ¯\_(ツ)_/¯
- chabons 8y agoPerhaps the raw number of jobs isn't the best denominator then, since many of the jobs in tech likely pay more to acknowledge this fact. A better measure would be something like the total of wages payed, or total of wages payed for the bottom 4 quintiles of workers by salary (cut out C-class executive outliers). Equity of course makes that harder, but most of the companies on this list are big enough that they're probably paying more in salary at this point anyways. I'd be interested to see where that places tech companies vs. more traditional businesses.
- aaachilless 8y agoi think that's an interesting idea. instead of "how many jobs did we create?" you could ask "how much socioeconomic mobility did we create?". or something along those lines
- talltimtom 8y agoI think Pfizer has 3 times the number of employees and 2 times the valuation. So not really something that jumps out as being such a huge difference. Even though you would expect a large difference since most tech companies don’t employ unskilled labor and instead just (ab)used them through the gig economy.
- Retric 8y agoPfizer is a bio-tech company. Bank of America has ~1/3 the valuation : employee ratio. Allstate is worth ~1/4 as much while having more employees.
- ameister14 8y agoFord employs over 50x as many people as Airbnb at roughly the same valuation.