Sources: NBER Working Paper Series Nr 31085, “Where Have All the 'Creative Talents' Gone? Employment Dynamics of US Inventors”; Ufuk Akcigit; Nathan Goldschlagbolsters the narrative that some version of what happened to Mr. Bardin is happening to many of America’s most sought-after and skilled workers. Economists say it’s part of a broader, worrisome story about the pace of innovation that in the past has kept the fires of America’s economic engine burning.
This research and related studies bear on everything from the slowing pace of productivity growth in the U.S. to why it is that a startup that currently has fewer than 400 employees, OpenAI, was able to release a useful artificial-intelligence chatbot before any of the tech behemoths that have many multiples of that number of people working on AI.
“Some of these broader changes are affecting finance, retail, waste management, pharmacy-benefit management—it’s not every industry, but it’s a majority,” says James Bessen, an economist at Boston University who hasMr. Bardin joined Waze in 2009, not long after it was founded in Israel, moved to the Bay Area, and guided the rapid expansion and innovation that made Waze a competitor to Google Maps. Google bought it in 2013 for about $1 billion. Mr.
Exactly! Clinical Assays, Inc.!
These companies have large financial and human resources and are able to hire the best engineers and scientists, and they can invest a lot of money and human resources to develop new products and technologies
I believe that R&D spending by large technology companies may not harm innovation in the U.S., but rather may promote it.
Loonshots