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I don't understand the point of this article (or why so many people are up-voting it). The article says that unemployment is high and then it says: "Maybe som
by Spyro7 15y ago
I don't understand the point of this article (or why so many people are up-voting it).
The article says that unemployment is high and then it says:
"Maybe something is missing in the Valley and surrounding tech communities and that’s a stronger sense of responsibility to make sure that the vast majority of the country isn’t left behind by all this cool technology that we’re building."
I'm curious, what should the technology communities do? As far as I can see, by expanding their firms and hiring additional employees these companies are already doing the responsible thing for the national economy.
I realize that TC is not an economic journal, but I think that it is reasonable to expect a slightly more informed discussion of this issue without so much hyperbole.
The currently high unemployment rate is not due to the technology industries growth, and, as a matter of fact, it is the expansion of the technology industry that will likely provide one of the avenues that will assist in dealing with the high unemployment rate.
Just a few references:
- http://www.economist.com/blogs/freeexchange/2009/03/how_much_unemployment_is_here http://www.economist.com/blogs/freeexchange/2009/03/how_much...
- http://www.time.com/time/business/article/0,8599,1928261,00.html http://www.time.com/time/business/article/0,8599,1928261,00....
- erikpukinskis 15y agoI'm curious, what should the technology communities do? The implication I read into it was that technology companies should be aware of the plight of the poor, and try to help people out (AirBnB, Google, etc) and be careful not just to exploit them (Zynga). But maybe I'm just projecting my own beliefs. :)
- rbarooah 15y agoHow does google help the poor?
- fleitz 15y agoBy providing everyone with free search to locate information, providing them with free high quality email, adwords to market their wares/services, adsense to monetize their traffic.
- rbarooah 15y agoFair enough, but by that logic you can say any business that provides services that the poor can afford is 'helping the poor'. Bing helps the poor the same way google does, Apple helps the poor by selling music by the track, etc. Zynga helps the poor by providing cheap entertainment, etc. I thought there was the implication that google did something specific.
- grogs 15y agoIt's not just that they provide free services, it's that those services are beneficial to society. Obviously this is very subjective and complex. Wikipedia would generally be regarded as good for society - removing the barrier to obtaining knowledge. However, if Wikipedia details how to make a bomb, that's regarded as bad for society. Google helps society. They provide good search. What separates then from Bing is that they operate with the idea of "do no evil". Bing are seen as copying (an idea - stealing) which is bad in society. Zynga provides cheap entertainment, but that's not good for society. TV isn't seen as good for society anymore - it's passive. There's an opportunity cost to being entertained - you could be productive - learning on Wikipedia.
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- fleitz 15y agoThe best thing the tech community can do is to encourage Schumpeterian creative destruction in other areas of the economy (such as finance). The tech sector is so successful because it's essentially the wild west, free from a lot of the interference of other areas of the economy. When it's easier to start Facebook than a coffee shop you should not be surprised that there is more demand for programmers and less demand for baristas. Asking what the tech sector can do for the rest of America is like asking what America can do for Soviet Russia, the answer to which is wait until they want to change their ways.