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Of course tech is/will lead the economy boom! Technology = doing 10x more with the same resources. This in turn creates massive wealth. The kicker is that this
by startupfounder 15y ago
Of course tech is/will lead the economy boom! Technology = doing 10x more with the same resources. This in turn creates massive wealth. The kicker is that this time technology startup costs are plummeting as the efficiency of creating new technology has a much quicker development cycle.
Big Data, Smart Manufacturing and Mobile.
Look at every industry and they are all ripe for disruption. Cut out the waste and make education more efficient. There are more incubators popping up every day to take advantage of this situation. Many "startup" will fail, but that is expected.
What is happening now is the 100 year storm. Jump on-board or get out of the way.
- lkrubner 15y agoWhen you write something like "Of course tech is/will lead the economy boom" you give the impression that you don't know much economic history. In the USA the booms starting in 1983 and 2002 were both lead by real estate construction. The long boom of the 1960s was powered in part by spending on the Vietnam War. The limited recoveries of the 1970s were both brought about by partial relief regarding the price of oil. During the last 50 years, only the boom of the 1990s could clearly be classified as a tech-lead boom. Your words seem to suggest that it is somehow natural for booms to be tech-lead, when in fact that has been very rare. It is one thing to say that technology is contributing to the economy, it is something very different to suggest that technology is the primary driving force pushing growth.