The Growth of the Internet and the Happy Recession

Most popular web-based businesses are deflationary. They substitute expensive forms of content consumption for cheap ones, they make it logistically easier to deliver discounts to people who will respond to them, and they create numerous financially cheap forms of social status. As more activity moves on to the web, the main effect on the economy will be broadly lower prices and less need for employment.

via The Growth of the Internet and the Happy Recession.

Leave a Reply

Your email address will not be published. Required fields are marked *