What are the rules of tech industry? - letsdiskuss
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Giggle And Bytes

Satindra Chauhan

| Posted | science-technology

What are the rules of tech industry?


There's a certain level of mystery and intrigue that comes with the tech industry — we're constantly learning new tricks and skills that benefit us, but we never quite know what we're getting into. It's like opening a box of delicious candy, not knowing how many pieces it'll be until you step inside your home and decide whether or not to part with one.


It is important to note, however, that the rules of the tech industry are starting to become more clearly defined as time goes on.


It's also important to know that the tech industry is changing at an exponential rate, and both workers and employers are feeling the pinch. So it's naive to think that there are only certain rules out there; what we're learning now will be outdated by the time you learn them.

So how far back do these rules go? Well, all the way back to the beginning of time, when computers first started taking our jobs.


First, there's the "Iron Law of Wages," which states that when a technology is introduced it invariably replaces human labor. It hits the poorest the hardest, and in turn lowers their wages. This is essentially happening in the tech industry right now — robots are becoming increasingly used for basic labor jobs.


So what do we do about it? Well, for one thing, we can't stop technology from evolving. It's happening whether we like it or not, and we can't go back in time to when we didn't know anything about what's going on inside the computer.

We can, however, make decisions to ensure that we don't face profits at the cost of human labor.


For example: if you're a high-ranking employee at a company, you could implement a minimum wage for everyone working under you. Or if you're involved in hiring processes (or even just making phone calls), you could always call or email references to ask how their previous employees were.



student | Posted

The Tech Industry refers to the industry which is fully focussed on inventions and new technologies. It promotes growth and creation. This sector basically contains businesses focussing on manufacturing of electronic products, creation of software, computers, and services related to information technology. This is the sector of all about technology. There are some rules of tech industry. Tech industry has no intrinsic value. Cost of entry is so cheap while cost of exit is high. 



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