You probably see people using Facebook at your library and wonder why they aren't out looking for jobs. The answer is, unfortunately, that Facebook is their job.
Facebook's success is a symptom of the poor world economy. When people have no money to spend on actual products, they find other ways to spend their time.
And Facebook is current destination for time-wasting. Everyone laughed when Betty White hosted SNL and said that Facebook was a huge waste of time, but nobody made that connection to the economy and said, "Hey, Facebook is really popular because people are out of work." Everyone just laughed at Betty's funny. And no one even wondered at how bad the economy must be that an 88-year-old woman still needs to work to pay for food.
And our free time is what makes Facebook worth any money at all. The company produces nothing. We see ads and that is what generates the most revenue. But the users produce 99.9% the content.
As long as Facebook succeeds, the recession will continue. So long as we are wasting time on it, we are not being paid to work. We give our labors away for free. To make Facebook rich.
I think someone should demand a salary for all this time spent making Facebook look good.
I don't know how many employees Facebook has on its books, officially, but there are 500 million names that need entering. And paid at least $8.50 an hour. And given health insurance. And dental. -- Read More