John Bredehoft expanded my discussion on the tech revolution just getting started.
In his post, Why are some revolutions imperceptible?, he describes the revolution in his industry from getting powerful PCs. The impact on the economy was tiny, if even measurable, because the entire industry was small in relation to the overall US economy.
To point out how small the publishing and music industries are, he looked at the Fortune 500 list of largest companies in terms of sales. He points out that the largest identifiable media companies are News Corp at 91 and Time Warner at 103.
Since I’m an accountant and like to quantify things, his post gave me an interesting idea. I went to the list and did a quick analysis to compare the size of a few industries.
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