Spotify is causing a major problem for economists
Business Insider
The global economy is baffling economists, particularly those employed at central banks. Government mints have printed a vast amount of (electronic) money, and according to the textbooks the planet right now should look like the Weimar Republic in 1929 — awash in cash and growing like crazy. But it's not. Growth and productivity are stagnating worldwide. What if it's all Spotify's fault? Or rather, not Spotify specifically, but tech companies and the services they provide. Our economy is less and less dependent on factories churning out physical objects, and more and more dependent on non-tangible, virtual goods and services. In the old days, economists could count cars coming out of an automobile ...
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