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> are those whose services are scalable Exactly! I am surprised so few people here see that. It is a pattern that happened with other technologies before. Mus
by diego_moita 5y ago
> are those whose services are scalable
Exactly! I am surprised so few people here see that.
It is a pattern that happened with other technologies before. Music recording allowed some pop stars to become millionaires while most musicians lost income. Movies allowed some actors to get rich while most actors lost public. Industrial manufacturing (e.g. woodworking, textiles, tanning) made some industries big while millions of artisans lost market. Franchised merchant stores (e.g: Tower Records, Toys'R Us, WallMart) destroyed thousands of small merchants.
The economist J. Schumpeter had a name for this: "creative destruction".