Wrong. not only surplus employees but surplus elites.
in recent years, big tech paid bloated compensations to people producing little or no economic value. saw first hand professional managers dont understand tech get hired by friends and collectively engage in empire building and building head count. easy promotion game.
engineers create complexity for smallest problem and launch new services. get promoted. then they get hell out and move to new team. managers willingly accept tech debt to justify more head count hire more managers and engineers under them.
you tell us what innovation come out of amazon fire alexa kindle. same thing they sold 5 years ago same hardware maybe little bit better speaker. why pay for increasing army of engineers? and me just discussing amazon devices.
how many engineers you need to run website? has shopping gotten better in 5 years? No! it way worse, too many ads.
this a massive grift. Most value amazon gets is these people don’t start their own company and threat amazon with competition.
big tech took advantage of cheap or free money from US Fed and created class of elites. Now the game ending for now anyway