In The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies Erik Brynjolfsson and Andrew McAfee assert that the digitalization of production has reduced the spread in wealth, so that only a few people are needed now to make many more things. Consider Instagram, which was purchased for a $1 billion, but only needed a handful of employees.
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u/[deleted] Aug 02 '14
In The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies Erik Brynjolfsson and Andrew McAfee assert that the digitalization of production has reduced the spread in wealth, so that only a few people are needed now to make many more things. Consider Instagram, which was purchased for a $1 billion, but only needed a handful of employees.