One of the biggest promises that Obama had coming into office was that he was going to create a massive amounts of jobs. His attempts have been little to none. Voters forgot that it is the private sector, not the governed that is capable of creating large numbers of jobs. Jack Ma would be better looked at than Obama when it comes to this.
Jack Ma, the founder and chairman of the world’s largest e-commerce platform Alibaba, has revealed an ambitious plan to create 100 million jobs in the next twenty years.
“Alibaba is a company aiming to help solve social problems. In 20 years, we hope to serve two billion consumers around the world, empower 10 million profitable businesses and create 100 million jobs,”wrote Ma in the annual letter to shareholders, stressing that the group would be in for an even more difficult journey than the one it has gone through.
Ma expects three more decades of fast technological change across industries. The change will include transformation of traditional retailers in a multi-trillion dollar market.
“Throughout history, technological disruptions have followed similar trajectories: 20 years of technological disruption followed by 30 years of further rapid change as new technologies are applied throughout society,” the letter says.
Alibaba aims to invite retailers to join its system of online selling platforms, advertising tools as well as cloud computing offerings. – Russia Today
Almost 80% of those jobs that have been created since Obama got into office were in low paying and low skilled positions that are not enough to sustain the economy.
What are your thoughts on this?