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Unformatted text preview: OP-ED COLUMNISTThe Start-Up of YouBy THOMAS L. FRIEDMANPublished: July 12, 2011 The rise in the unemployment rate last month to 9.2 percent has Democrats and Republicans reliably falling back on their respective cure-alls. It is evidence for liberals that we need more stimulus and for conservatives that we need more tax cuts to increase demand. I am sure there is truth in both, but I do not believe they are the whole story. I think something else, something new something that will require our kids not so much to find their next job as to invent their next job is also influencing todays job market more than people realize. Josh Haner/The New York TimesThomas L. Friedman Look at the news these days from the most dynamic sector of the U.S. economy Silicon Valley. Facebook is now valued near $100 billion, Twitter at $8 billion, Groupon at $30 billion, Zynga at $20 billion and LinkedIn at $8 billion. These are the fastest-growing Internet/social networking companies in the world, and heres whats scary: You could easily fit all their employees together into the 20,000 seats in Madison Square Garden, and still have room for grandma. They just dont employ a lot of people, relative to their valuations, and while theyre all hiring today, they are largely looking for talented engineers. Indeed, what is most striking when you talk to employers today is how many of them have...
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This note was uploaded on 09/09/2011 for the course ENGLISH 250H taught by Professor Yager during the Spring '11 term at Iowa State.
- Spring '11