Another datapoint: I downloaded scratch junior for the ipad and felt that it was overtly complex and left it at that. The next day my 5 year old discovers the app and before I knew it had figured out animations and scene transitions. He had previously used another app (Toontastic) and I think that helped with figuring out scratch. Its one of his favorite apps now and he can't wait to show me his latest projects!
You bring up an interesting aside (Not related to growth prospects or productivity improvements per se)
By Marketcap: Facebook > Amazon > Walmart
By FTE: Walmart(2.2 million) > Amazon (150K) > FB (10K)
I realize FB is not in the same business, but I wonder what view those picketing Walmart for unfair and unjust labor practices have of the 'new economy businesses' that are being valued higher yet employ fewer Americans. Do you protest the jobs that were never created ?
some long-term job listings come from:
> the larger companies are for roles where there is constant churn (or growth) and they need to keep the pipeline of active candidates warm
> As mentioned already, spammy recruiters looking to collect cv's
> Companies are in-undated with applications and really can't separate the wheat from the chaff. They have thousands of resumes for one or two job openings because its so easy now to apply online and click submit. Perversely the harder they make
it to apply online, causes those most in need of a job to jump through hoops to fill out a complete application
Tried hiring help on a local jobs board I was swamped and astounded with volume and eagerness of the responses. Ended up going with someone who was recommended by a friend as I didn't have the resources to process and filter the applications
So true. I've switched industries a few times and by now you'd think I'd get it. It still takes me some time to get up to speed with the 'dynamics' of the space/industry I'm working in and the realization everytime is that it is truly a con-fidence game. There is no consensus on the one 'right way' to do things and anyone who spouts with religious fervor that their way is the only way is being disingenuous or worse really believes the horse-shit they spew
Yeah, though often you have to publicly over-advocate your solution as being the only "right way" ("Why my novel carrier pigeon-based NoSQL database is eating the world") just to get any visibility around your product. Of course your solution isn't right for everyone, but the people who it's not right for probably know that already, and the people who it might be right for have a higher chance of seeing it.
I don't know why you're getting downvoted (I upvoted you). You make a good point. Valuations are both subjective (your view) and relative (where else can I put my money). This 'boom' could end tomorrow or go on for years to an end. Being early on a market call is the same as being wrong..which is why speaking about frothy valuations is one thing, putting money to work based on those presumptions of frothiness is playing with fire.