Friday, May 4, 2012
Over the last few decades, nearly all the economic growth and job growth in the U.S. has come from high-growth technology companies. That growth is driven by companies like Amazon, Google, Salesforce, and VMware (which didn’t even exist 15 years ago), and companies like Facebook, Twitter, Groupon and Zynga (which didn’t even exist 10 years ago). Then of course there’s Apple, which brought itself back from the grave in the beginning of this decade and is now the world’s most valuable public company. Collectively these companies have created almost a trillion dollars in new wealth over the last decade and a half.

What is interesting to note, however, is that these are all businesses that generate relatively few jobs. This is part of the under-appreciated structural shift in the US economy that is leading to a sluggish recovery when measured by employment.

Transformational Entrepreneurship: Where Technology Meets Societal Impact - Harvard Business Review (via courtenaybird)

Notes

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