2014 Feb 23, 12:55am
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Robert Reich: http://www.salon.com/2014/02/22/the_billion_dollar_whatsapp_acquisition_is_whats_wrong_with_americas_growth_partner/
The winners here are truly big winners. WhatsAppâ€™s fifty-five employees are now enormously rich. Its two founders are now billionaires. And the partners of the venture capital firm that financed it have also reaped a fortune.
And the rest of us? Weâ€™re winners in the sense that we have an even more efficient way to connect with each other. But weâ€™re not getting more jobs [...] Productivity keeps growing, as do corporate profits. But jobs and wages are not growing.