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Topic History of: ..and another thing In The Know
Max. showing the last 5 posts - (Last post first)
Author Message
veritas you are indeed correct ITK but as JK points out..the Mirror Group is sacking 40$ of staff.

Westpac the Oz bank..one of the largest in the world is sacking nearly 600 staff (profits this year- $6B in cash)

as I point out (brillaintly)..Google do with 3000 staff what the Stasi did with 250K..for a small european country while Google is a worldwide mega corp.

these are the realities...but what is the solution to all those laid off people (most will be over 35 ..almost unemployable).

I see few governments anywhere tackling this except China which Is Commie with a limited and strictly controlled capitalist sector.

veritas What is the difference between Google and the Stasi ?

Google only need 3000 staff while the Stasi had 250,000 to do the same job

I'm recommending daily punishments for you in the re-education camp.
In The Know DJones wrote:
"Google dominates Internet advertising, with 44.1% of the $113 billion per year global online advertising market,

If you dont like it ... set up an alternative !

NO ONE forced Google to enter the market - they saw an opportunity.

The whingers who complain about Google (and the like) are the same ones who pioneered downloading and destroyed an entire industry (the something-for-nothing brigade)!!

Entrepreneurs take risks ... may fail ... no one owes them success.
We buy - we are not forced to !
In The Know DJones wrote:
but ITK will certainly think that the destruction of unions is a good thing.

I do !

They priced themselves out of jobs ... by demanding unrealistic paymenys which would not support the cost of manufacture (in other words people bought overseas goods - as they were cheaper - and generally better !)
DJones I link to this article How the Googlization of Television Will Destroy High Wage, Union Hollywood in support of Vertitas' argumentation, but ITK will certainly think that the destruction of unions is a good thing.

"Google dominates Internet advertising, with 44.1% of the $113 billion per year global online advertising market, but it's quietly gunning for control of the even larger television advertising sector. As Robert Kyncl, a senior manager at Google's YouTube operation, said in a recent New Yorker interview, "[T]his industry [i.e. TV] is worth three hundred billion dollars, worldwide, and we hope to see value shifting hands."

"Value shifting hands" sounds like a feisty challenge to entrenched interests, but in practice it's likely to mean one more step in dismantling the middle class in this country. In industry after industry in the last forty years, we have seen "value shifting hands" from working families into the hands of corporate shareholders promoting "globalization" or the next "disruptive technology."
(...)
The entertainment industry has led U.S. exports precisely because of the high production values of the U.S. entertainment product, which local overseas producers could not match. There is a tight-knit community of craftspeople in the Hollywood system involved in everything from set design to editing that continue to outcompete low-wage entertainment sectors around the world.

But the real-time advertising models promoted by Google for the television industry will require incredibly short-term horizons for all entertainment productions and encourage the same kind of low-wage, low-skill models of production we've seen in so many other deunionized industries. Once deskilled, many of those production jobs will likely go overseas as so many other jobs have before."