The Economist's Greg Ip wonders if the passing of Steve Jobs is symbolic of "a broader decline...

The Economist's Greg Ip wonders if the passing of Steve Jobs is symbolic of "a broader decline in American entrepreneurship." U.S. self-esteem is now embodied by Apple, Google, Facebook and Amazon, which employ just 113K, a third of GM’s payroll in 1980. The loss of middle-class jobs isn't a U.S.-only problem, but "this does not excuse American governance for making matters worse."
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Comments (7)
  • Econdoc
    , contributor
    Comments (2938) | Send Message
    give me a break...seriously. this is ridiculous
    7 Oct 2011, 06:33 PM Reply Like
  • Tack
    , contributor
    Comments (15911) | Send Message
    I guess when Thomas Edison died, that signaled America's decline, too. Everybody dies, even goofballs writing such inane stuff.
    7 Oct 2011, 06:40 PM Reply Like
  • wyostocks
    , contributor
    Comments (9102) | Send Message
    Someone tell the writer for the Economist that he too will die one day.
    7 Oct 2011, 06:44 PM Reply Like
  • tiger8896
    , contributor
    Comments (713) | Send Message
    Greg Ip, used to see him on CNBC all the time reporting for the WSJ. I was wondering when the jobs number came out how many jobs have been lost because of the internet and whether there was an offset from internet companies hiring, 113K does that come close to making up jobs lost at booksellers, video and music stores, newspapers, magazines etc.


    I count the Internet as one of the top inventions of mankind but I don't think it is a net jobs engine.
    7 Oct 2011, 07:08 PM Reply Like
  • wyostocks
    , contributor
    Comments (9102) | Send Message
    And there were a lot of people employed at buggy whip factories; so what's the point?
    7 Oct 2011, 07:18 PM Reply Like
  • DubyaT
    , contributor
    Comments (42) | Send Message
    And I looked back at the footprints in the sand over the past few years of the American economy, and asked, "During the most difficult times why were there only one set of footprints?". Mr Jobs replied "that's when I was carrying you."


    I believe that as we've slogged through and papered over the worst of the globalization dream of the neoliberals that Mr. Jobs left us with a potential manufacturing boom due to his products and the copycats that came frantically afterward. As manufacturing in China becomes more competitive and their consumer base grows dramatically, we may see quite a different landscape over the next decade.
    8 Oct 2011, 09:41 AM Reply Like
  • Echo To All
    , contributor
    Comments (151) | Send Message
    So a baseless postulation can be made if it is wrapped in an well articulated, yet superficial top-down view?


    Here is one, The Ecnonomist is using Groupon, therefore the quality of The Economist must be in decline.



    I fail to see how Ig can make this assumptions, while ignoring all the efforts made by so many more people.
    8 Oct 2011, 10:28 AM Reply Like
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