Question
This chapter talks about the process of creative destruction and its importance to economic growth. For example back in the 1800's over 90% of the
This chapter talks about the process of creative destruction and its importance to economic growth. For example back in the 1800's over 90% of the labor force was involved in farming. Less than 2% is now. You can find a list of the largest companies in any one year, 1955-2005 here. https://money.cnn.com/magazines/fortune/fortune500_archive/full/2005/
Look over the list by company also -- remember AOL? It was only on the list for two years.Amazon appears on the list in the 2000's.
All this change can be difficult for labor to manage though. How would you balance the ebb and flow of companies with the potential individual distress caused by change?
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