IMO, the way to resolve this paradox is to realize that the equilibrium adjusts slowly, then all at once. IBM is a pretty clear example of your clueless behemoths. On the other hand, their net income per employee is now closing in on like $24,000 annually, which sounds good, until you realize it was $29,000 2 years ago, and Apple is around $600,000 and Facebook is around 2 million.
IBM will continue to target their most expensive employees for layoffs while hiring cheaper new grads, but even after those alleged practices, their profit per employee fell by 5k. Seems reasonable to expect they won't be around in a decade, though I'm no financial expert and this is a projection from two datapoints.
IBM will continue to target their most expensive employees for layoffs while hiring cheaper new grads, but even after those alleged practices, their profit per employee fell by 5k. Seems reasonable to expect they won't be around in a decade, though I'm no financial expert and this is a projection from two datapoints.