Have you heard of Baumol's cost disease? It's the idea that if a sector of the economy experiences productivity growth, wages in that sector grow; as a conseque

Have you heard of Baumol's cost disease? It's the idea that if a sector of the economy experiences productivity growth, wages in that sector grow; as a consequence, wages in the other sector grow, because otherwise workers would flee to the higher wage sector; but because those sectors have not seen productivity growth, the price of what they produce will go up. I think we are experiencing a similar problem in the world of new enterprises. Software companies can produce huge growth/profit/market valuations/etc. To attract the capital required to create the company, they have to promise and do everything in their power to achieve the same money-printing results as software ones. But they are not inherently high-potential as software companies, so the price and quality of their products suffer. Everyone wants to be a tech company because that's the way to survive and thrive in the current capital climate. Banks, airlines, real estate leasing companies, hotels, etc. mimic tech companies, because otherwise, capital looks elsewhere and the company won't get funded.