I think that it's a mistake to assume a fixed pie (or a smaller/more efficient pie) - i.e. a fixed number of companies with a fixed amount of resources.
Innovation expands the pie and allows new companies (and jobs) to take the place of old, dying job positions. I agree that there has been a structural shift - e.g. some companies are hitting comparable revenue numbers with 2/3 the staff they had last year.
But I've never felt this strong of a push by talented people of all ages and backgrounds to develop new ideas and start new companies - this is bound to create innovation that will drive the creation of new jobs.
albert
· 1 month ago
It certainly will. But I think the timing is likely to be a lot slower than the reductions that have taken place and as you point out often with fewer people than in the past.
Don Jones - VentureDeal
· 1 month ago
You might find the following article interesting regarding historical consumer behavior when exiting recessions and what is happening so far in this recession.
I agree Albert. Structural changes are at play here. We may be headed for the worst "jobless recovery" to date. Check out NPR's coverage - http://www.npr.org/templates/story/story.php?st.... I feel for the people who are loosing jobs. But it's important to keep in mind that these are the growing pains of building a more efficient economy.
albert
· 1 month ago
Thanks for the link - yes these are a type of growing pain. But I don't think a lot of politicians acknowledge the true scope.
antrod
· 1 month ago
On the other side of this Albert, a lot of these folks will be able to find jobs/start small businesses, especially ones that leverage the Internet as a sales and marketing channel. They can do it today and thus reach customers in a way that is much cheaper than it would have been a decade ago, and virtually impossible before that.
I think you are dead on about the productivity increases meaning big cos. won't have to rehire though, and as such, we're going to go through some short term pain until examples like what I mentioned above start being frequent enough to be statistically signigicant.
albert
· 1 month ago
I agree that's possible but will be hard for a lot of folks to pull off.
All Comments
Innovation expands the pie and allows new companies (and jobs) to take the place of old, dying job positions. I agree that there has been a structural shift - e.g. some companies are hitting comparable revenue numbers with 2/3 the staff they had last year.
But I've never felt this strong of a push by talented people of all ages and backgrounds to develop new ideas and start new companies - this is bound to create innovation that will drive the creation of new jobs.
http://www.zerohedge.com/article/guest-post-dea...
I think you are dead on about the productivity increases meaning big cos. won't have to rehire though, and as such, we're going to go through some short term pain until examples like what I mentioned above start being frequent enough to be statistically signigicant.