Interesting stuff from Google CEO; I know there is a financial divide when it comes to tech jobs versus pretty much everything else but I am personally getting kinda tired of people complaining about it. Simply put technology pays well because its a specialized skill set and we make what people want. Consumers speak with their dollars and those dollars go to technology. Every new app and hardware innovation essentially replaces some process that is then simplified equaling less jobs. To help solve the problem we will have to create more jobs, people will need to diversify their skill sets or you can use Schmidts idea. Eric Schmidt summed the problem here and he goes on to give one possible solution in the article: In Schmidts view, the tensions in the Bay Area are a manifestation of a global trend in which technology is displacing human labor without proportionately raising standards of living for most of the population. Ninety-nine percent of people have seen no economic improvement over the last decade, he said, adding that the data suggest that the problem gets worse and will become the number one issue in democracies around the world.
Posted on: Mon, 10 Mar 2014 04:55:15 +0000
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