Google and many other companies just like it, including Microsoft, Facebook, Apple, Twitter, will have profound impact on some existing sectors of the economy, while enabling the growth of new sectors.
It is, and will be, painful, in large part because losers tend to be concentrated in some regions and industries, while winners are located in other regions and industries. At one time 97 percent of Americans lived and worked on farms. Today, perhaps three percent do so. The economic shift behind those changes was similarly painful. The current shifts are likewise difficult, as we are well down the road of shifting from an industrial economy to an information economy.
1 comment:
I know! it's killing me, but I have to go with the flow. I've been doing customer service for a long time. When I got the job it paid so much and I was good at it. I studied computer technologies in college never got to use it, now I going to school to improve on it. What a change. "I get it!"
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