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by IntelMiner
558 days ago
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The "job-centric" American economy feels...harrowing now "While Grove supported helping technology startups, he also felt that America was wrong in thinking that those new companies would increase employment. "Startups are a wonderful thing," he wrote in a 2010 article for Bloomberg, "but they cannot by themselves increase tech employment."[40] Although many of those startups and entrepreneurs would achieve tremendous success and wealth, said Grove, he was more concerned with the overall negative effect on America: "What kind of a society are we going to have if it consists of highly paid people doing high-value-added work and masses of unemployed?" |
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Even Google which is very hesitant to enter businesses that require lots of labor employs hundreds of thousands of contractors.