“Companies once felt an obligation to support American workers, even when it wasn’t the best financial choice,” said Betsey Stevenson, the chief economist at the Labor Department until last September. “That’s disappeared. Profits and efficiency have trumped generosity.”
Apple Computer, currently the highest-valued company in the country, at its peak employs 1/10 the number of Americans as General Motors did in the 1950s. Apple is an easy target because it’s big, but the problem isn’t unique to Apple. Technology companies as a whole employ fewer people than the heavyweights of ages past like General Motors and General Electric. It’s the nature of the work.
David Farquhar is a computer security professional, entrepreneur, and author. He has written professionally about computers since 1991, so he was writing about retro computers when they were still new. He has been working in IT professionally since 1994 and has specialized in vulnerability management since 2013. He holds Security+ and CISSP certifications. Today he blogs five times a week, mostly about retro computers and retro gaming covering the time period from 1975 to 2000.