4 ms·
I feel like the author stressed too much on the word "Tech" without differentiating much between the very basic nature of SW-Tech and HW-Tech. In hardware assem
by CodeSheikh 10y ago
I feel like the author stressed too much on the word "Tech" without differentiating much between the very basic nature of SW-Tech and HW-Tech. In hardware assembly lines you need more workersa and bodies, let them be in the USA or China or Taiwan. But for SW once you have developed and refined your algorithm, routine or process it does not need to have multiple people handling, managing or maintaining it. It can be replaced but let's be honest such replacement does not happen for quite some time at enterprises, in some case it takes years. My point being, yes big SW companies like Facebook, Google, Twitter etc did not create enough jobs because they produce and maintain software, not actual physical products (Google until recently). Yet they have sucked a large portion of money from the economy (Think of ecoonomy as a shared pot with fixed $ coins in it). The problem is with the financial and employment regulators for being short sighted and not predicting this trend lets say 15-20 years ago. It is a bad unbalanced financial "equation" when weight on one variable is too much and on the right one it is too low. A company with $X amount of positive revenue must invest a certain portion back into the economy. In this way we can maintain a economically balanced society. Also, people need to start getting serious about continuing education. Skills learned and obtained in the 80s or 90s is not necessarily going to be employable in the year 2016.