Jaron Lanier: The Internet destroyed the middle class | Salon

Jaron Lanier was the first to identify and speak about this issue. We’re glad to see others catching up to him. Here’s a refresher…

“Here’s a current example of the challenge we face,” he writes in the book’s prelude: “At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people. Where did all those jobs disappear? And what happened to the wealth that all those middle-class jobs created?”

“Future” also looks at the way the creative class – especially musicians, journalists and photographers — has borne the brunt of disruptive technology.

READ THE FULL STORY AT SALON:
http://www.salon.com/2013/05/12/jaron_lanier_the_internet_destroyed_the_middle_class/

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