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Two points: 1. Tech moved from a sector to an whole economy. 2. The substitution for tech (e.g. labor) become very scares and expensive (either because of de
by streetcat1 5y ago
Two points:
1. Tech moved from a sector to an whole economy.
2. The substitution for tech (e.g. labor) become very scares and expensive (either because of de globalization, baby boomer retirement, low birth rates). Hence, the value of tech increases. I.e. The only way to fight inflation is to use more tech.
- FollowingTheDao 5y ago> Tech moved from a sector to an whole economy. "Tech" is not the problem. It the the shady financing of the Tech sector that is the problem.
- politician 5y ago> Hence, the value of tech increases. Another example: The labor shortages in construction are acute and reveals a surge in social mobility among those who were/are employed in that sector. I expect investments in tech companies that claim to address the labor and supply shortages in construction to increase.