Friday, September 14, 2012

Out of the horses mouth

Marc Andreessen made his first fortune writing code and was co-author of the Netscape browser and founder of Andreessen Horowitz, the fastest-growing venture-capital firm in Silicon Valley.

"The spread of computers and the Internet will put jobs in two categories,"
Andreessen says. "People who tell computers what to do, and people who are told by computers what to do." The division between the masters of machines and those who take orders from them will feed even greater income inequality in the years ahead, he says.

Globalization already has helped push down wages for people with routine skills, even as incomes at the top have skyrocketed. "There's no such thing as median income; there's a curve, and it really matters what side of the curve you're on," he says. "There's no such thing as the middle class. It's absolutely vanishing."

"Big companies are not going to take care of you,"
he says, "You can't let history happen to you."|newswell|text|Business|p

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