Robert Reich: WhatsApp is everything wrong with the U.S. economy - TopicsExpress

Robert Reich: WhatsApp is everything wrong with the U.S. economy Our little red dot will face the same challenge too. A real and present danger. We must re-invent our entire economy, skills and value-added. JL. Whatsap bought for US $19 billion has only 55 employees including its two founders. It has 450 million users and handled over 54 billion messages. Productivity keeps growing, as do corporate profits. But jobs and wages are not growing. Unless we figure out how to bring all of them back into line – or spread the gains more widely – our economy cannot generate enough demand to sustain itself, and our society cannot maintain enough cohesion to keep us together. salon/2014/02/22/the_billion_dollar_whatsapp_acquisition_is_whats_wrong_with_americas_growth_partner/

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