Some of you may already be familiar with this statistic that has been making the internet rounds: at its absolute peak, Eastman-Kodak was able to employ more than 140,000 people across the world, mostly in the United States. At the time Facebook saw fit to acquire Instagram at a billion-dollar valuation level, the company only had 13 employees on the rolls.
It’s a real-life illustration of the theme I hit quite a lot on this site: the changes in technology will bring untold riches to the owners of the rapidly growing assets, but it’s not going to bring collateral benefits to people that are conveniently geographically located next to these burgeoning businesses.
The just part of this change is that the people who are creative and willing to add their labor to make their creative visions a reality will be wonderfully rewarded for the value they deliver to their customers. … Read the rest of this article!