3 ms·
The capital [in these companies] might not be as decoupled as portrayed but rather funneled from the labor which is not in their employment. This is more glarin
by geraneum 1y ago
The capital [in these companies] might not be as decoupled as portrayed but rather funneled from the labor which is not in their employment. This is more glaring in ad tech. For the manufacturers in the list, you have to consider the cheap labor they outsource too, among many other factors. You have to look at global/overall labor statistics vs capital. There might be a trend there but the article doesn’t expand or do any investigation.
It is surreal. It goes like: revenue growth > headcount growth in select companies, therefore capital alchemy on global scale + something something AGI.