Originally published on Business Insider:
Yes, it's huge. But only 50 people work there.
Optimists argue that the solution to the US's sky-high unemployment and income inequality is more companies like Apple--the resurgent tech company that has revolutionized the digital industry and become one of the most valuable companies in the world.
Apple has not not only created amazing, beloved products. It has created enormous profits, vast shareholder wealth, and more than 60,000 jobs.
If only America produced more companies like Apple (and Amazon, and Google, and Facebook, et al), the story goes, the country's problems will be fixed. America can retrain its vast, idle construction-and-manufacturing workforce, and our unemployment and inequality problems will be solved.
And it is true that having more companies like Apple would certainly help the US.
But we would need a lot more companies like Apple to make a dent in our unemployment and inequality problems.
Because Apple alsoRead More »from Apple’s Huge New Data Center In North Carolina Created Only 50 Jobs