Monday, November 9, 2015

The headline asks...................


..............................if an "economic civil war" is on the horizon.

I assumed it was going to be another story of us Boomers vs the Youngsters.  Nope.  Bad assumption.  It is Joel Kotkin's take on the growing conflict between high tech and industry.  A few excerpts:

In contrast to engineers laboring in Houston or Detroit, those who work in Silicon Valley focus largely on the intangible economy based on media and software. The denizens of the various social media, and big data firms have little appreciation of the difficulties faced by those who build their products, create their energy, and grow their food. Unlike the factory or port economies of the past, those with jobs in the new “creative” economy also have little meaningful interaction with working class labor, even as they finance politicians who claim to speak for those blue collar voters.

The love-fest between Obama and Silicon Valley grows from a common belief in being extraordinary. The same media that has marveled at Obama’s celebrated brilliance also hails Silicon Valley’s ascendency as a triumph of brains over brawn.

Full post is here.

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