Economists suddenly find out that the large companies are hogging all the productivity gains

Eugen G Tarnow  July 15 2018 07:08:23 PM

Economists seem to be divorced from the reality nowadays.  Recently they found out that the large companies are hogging all the productivity gains (see https://www.wsj.com/articles/the-problem-with-innovation-the-biggest-companies-are-hogging-all-the-gains-1531680310?mod=hp_lead_pos5).

Really? Now they find that out? Ever since the monopolies realized they did not have to have a support phone number they started foisting the work onto the users.  If there is no competition, the users cannot complain. So Microsoft never gives public support and we all have to spend many hours a year trying to figure out what they want us to do.

No wonder Microsoft is more productive.

Google has taken over the internet to such an extent that if you look for reviews of website IT IS ALL ABOUT MAKING THE WEBSITES NICE FOR GOOGLE, NOT FOR THE HUMAN EYEBALLS!

No wonder Google is more productive - every small business is working for them for free.

I have previously written about Amazon trying to suppress negative reviews and one has to figure out what their algorithm is if one wants to post a negative review.

The latest example I noticed is that if one wants to put up a youtube video one cannot choose the thumbnail! Unless one is willing to have Google ads displaying for at least a year and create a popular enough movie that 1000 people watch it.

No wonder YouTube is more productive - they expect lots of free labor from us. Here is one example: https://www.youtube.com/watch?v=KuPn4_i7c64

Economists - get your heads out of your butts.

And politicians - pledge you will no longer take money from monopolies!
Comments Disabled