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by ojbyrne
5392 days ago
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You're not considering the second order effects. Multiple competitors appear to compete with craigslist (either head to head or picking off the most attractive niches). Market grows, profits fall. Are we better off? Just look at the service. Before we had tiny little text ads in the back pages of newspapers, now we have pictures, directions, the ability to search and sort, etc... clearly the service is better. And I think once you take into account the second order effects, and the fact that there's significantly less friction around transactions, you end up with a larger total market, and probably close to a comparable number of jobs. |
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As the original commentator stated, bringing their jobs back would be silly make-work now that they're obsolete, nobody's suggesting that. But it does present a problem.