Andy Kessler: The Incredible Bain Jobs Machine – WSJ.com

This is the truth about modern business and jobs.

It’s the same story elsewhere. Apple employs just 47,000 people, and Google under 25,000. Like Staples, they have destroyed many old jobs, like making paper maps and pink “While You Were Out” notepads. But by lowering the cost of doing business they’ve enabled innumerable entrepreneurs to start new businesses and employ hundreds of thousands, even millions, of workers world-wide—all while capital gets redeployed more effectively.

via Andy Kessler: The Incredible Bain Jobs Machine – WSJ.com.