This comment by somebody else on another blog makes excellent sense.
Cynthia said in reply to beezer...
Facebook, for instance, is an internet company, and like most internet companies, it is totally virtual. Because of this, Facebook is far from being a labor-intensive company. Look it up: Facebook, despite spanning the globe and despite making its founder into a billionaire in less than five years, needs only a few thousand people to keep it fully up and running.
Our banking system is another case in point. It is fast becoming nothing more than a virtual component on the World Wide Web. Because of this, our banks, especially the giant TBTF ones, are cutting back on the number of their employees. They are doing this despite that fact they growing both in terms of their net worth and their global reach.
My purpose in saying all this isn't to bash Mark Zuckerberg and his Facebook empire. Nor is it to bash the Goldmans of the World. I'm merely making the point, despite being rather poor at it, that America don't need more entrepreneurs like Mark Zuckerberg and Lloyd Lloyd Blankfein who are capable of making billions for their companies by having just a skeleton crew of people working for them. We need more entrepreneurs who can create companies that employ large numbers of people. On top of that, we need more entrepreneurs that are more loyal to the American economy than they are to the global economy, thus refusing to outsource American jobs to low-wage countries. This is the only way that we can get our economy back on a growth curve and get our unemployment rate back down below, say, five percent. And the companies that are most likely to accomplish this are the ones that are rooted in real economy, not the ones that are rooted the the virtual economy.
Reply Tuesday, October 05, 2010 at 10:38 AM
I will add that we also need citizens who care enough about their country to be willing to pay more for goods made in the U.S.