Apple, Microsoft, Amazon, they all have very good businesses with very concrete productivity bonuses and real world advantages that they give to people, you can't make those things disappear.
They also don't have good foreign competitors, like Chrysler and so on had in Japan.
There are Chinese companies, but those companies largely exist thanks to their state barring competition from the outside, and I don't see it being super likely that that is a real threat, especially because if Chinese companies really start taking off the United States government will clamp down on them hard.
I think these layoffs are more an example of just how crazy short-term we are thinking in the world. Everyone thought coal was going to go away, remote work was the future, tech jobs were the future!
In reality we need more productivity, less labor demand, and for our smartest people to be out working on those problems, not on delivering people advertisements.
All of these lay off people may end up out more distributed in the country working no boring jobs that ultimately free up butts and seats so that those butts can go take other seats for they are more necessary and important and productive.
> There are Chinese companies, but those companies largely exist thanks to their state barring competition from the outside, and I don't see it being super likely that that is a real threat, especially because if Chinese companies really start taking off the United States government will clamp down on them hard.
TikTok is a Chinese company and is major competition for Facebook
You criticized Chinese tech companies for being incubated in a walled garden but then criticize TikTok for being subject to US government regulations in the American market? Shouldn't you also give Facebook the same criticism? The only place where Facebook is still experiencing substantial growth is India where their government banned TikTok. It seems to me like TikTok is the real international competitor.
American companies today don't need the protection. They are better companies.
With China now using state imbalances to fund their tech sector, restrictions will be needed. You can't compete with free stuff backed by a foreign state.
What makes you believe that the US companies are fundamentally better? Tictoc seems to outcompete US social media companies lately and Tesla said themselves their only competition comes from China. I don't think Bytedance has a huge burn rate or at least higher than could be funded on the public markets, no need for state backing.
Apple, Microsoft, Amazon, they all have very good businesses with very concrete productivity bonuses and real world advantages that they give to people, you can't make those things disappear.
They also don't have good foreign competitors, like Chrysler and so on had in Japan.
There are Chinese companies, but those companies largely exist thanks to their state barring competition from the outside, and I don't see it being super likely that that is a real threat, especially because if Chinese companies really start taking off the United States government will clamp down on them hard.
I think these layoffs are more an example of just how crazy short-term we are thinking in the world. Everyone thought coal was going to go away, remote work was the future, tech jobs were the future!
In reality we need more productivity, less labor demand, and for our smartest people to be out working on those problems, not on delivering people advertisements.
All of these lay off people may end up out more distributed in the country working no boring jobs that ultimately free up butts and seats so that those butts can go take other seats for they are more necessary and important and productive.