Is is just me or is the supposedly-immune technology sector next to ask for a bailout?
It sounds crazy, but I think that the meltdown we’re saying can easily exasperate the issues that were due to hit technology:
- After all, we all love open source software, for example, but all of it surely bit into sales. Since you came across AVG, when was the last time you paid McAfee for anti-virus? Or better yet, while my old company had to fork over tens/hundreds of thousands for a CMS, my new one managed to get its hands on a wide array of free open source ones.
- Can too much Moore’s Law be a bad thing? As consumers, obviously not… but over time, this hits margins. A powerful Dell laptop now costs about $500. How sustainable a model is that?
- Hardware and servers in general have become quite cheap that maintaining a high-paying workforce seemed unsustainable for some time to come.
Right now, the mere notion that Silicon Valley would ever ask the government for economic assistance seems crazy, but crazier things have happened. Such as what?
Well, despite the fact that US consumers decided to forego paying US car companies as consumers, the government will step in and force them to pay them indirectly as taxpayers. That is definitely crazy.