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January 30, 2011

Internet Money for "Me" but Not for "Thee"

"Will the Internet usher in a new economic growth explosion? Quite possibly, but it hasn’t delivered
very good macroeconomic performance over the last decade. Many of the Internet’s gains are fun — games, chat rooms, Twitter streams — rather than vast sources of revenue, and when there have been measurable monetary gains, they often have been concentrated among a small number of company founders, as with, say, Facebook. As for users, the Internet has benefited the well-educated and the curious to a disproportionate degree, but apparently not enough to bolster median income." -- Incomes Are Stuck on Technology’s Plateau - NYTimes.com

Posted by Vanderleun at January 30, 2011 10:07 AM. This is an entry on the sideblog of American Digest: Check it out.

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