Friedman is wrong. [Shocking?!] Startups are a wonderful thing, but they cannot by themselves increase tech employment. Equally important is what comes after that mythical moment of creation in the garage, as technology goes from prototype to mass production. This is the phase where companies scale up. They work out design details, figure out how to make things affordably, build factories, and hire people by the thousands. Scaling is hard work but necessary to make innovation matter.A pretty thoughtful essay on America and it's lost manufacturing sector. To quote the Wire, "We used to make shit in this country—build shit."
The scaling process is no longer happening in the U.S. And as long as that’s the case, plowing capital into young companies that build their factories elsewhere will continue to yield a bad return in terms of American jobs.
« Older "His fiancee smiled and commented, 'Isn't that cut... | Microsoft introduces "an amazi... Newer »
This thread has been archived and is closed to new comments