At Jackson Hole, economists discussed the rise of economy-wide corporate concentration and its impact on the macroeconomy, including investment, wage, and monetary policy. Tech critics have worked to connect this trend to tech, but – as we’ve noted before – tech bucks the trends seen in other sectors of the economy. In fact, regarding investment, […]
Yesterday in The Atlantic, Robert Atkinson and Michael Lind wrote, “The anti-monopoly school identifies many genuine problems, ranging from low wages to the massive influence of money in politics. But the solution to low wages is not to break up big, productive firms that pay higher wages. Public policy should encourage start-ups that have the […]
Be it in the form of wages, jobs, investment, or entrepreneurship, today’s leading technology services have opened the floodgates of economic opportunity in the United States. They invest heavily in research, people, and ideas spurring economic growth that has touched every corner of the country.
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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