3 ms·
I don't agree with this article (wages may be low, but that's exactly why corporate profits are so high). I think the internet and new technology has helped com
by thrush 13y ago
I don't agree with this article (wages may be low, but that's exactly why corporate profits are so high). I think the internet and new technology has helped companies expand their profits at incredibly low cost. Consider the recent article about Stripe joining The Billion Dollar Club [1]. It's an absurd fact that such a small and new company can become so successful in so little time. If that is the effect that tech is having on small companies, imagine what effect it is having on large companies. The internet is like steroids for business.
[1] http://online.wsj.com/news/articles/SB10001424052702304632204579337043662898228?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304632204579337043662898228.html http://online.wsj.com/news/articles/SB1000142405270230463220...