It means startups can function with far fewer people. That has employment consequences of course, especially if new small businesses are the traditional major source of new jobs. .
Within a few years, Amazon.com’s creative destruction of both traditional book publishing and retailing may be footnotes to the company’s larger and more secretive goal: giving anyone on the planet access to an almost unimaginable amount of computing power.
And it speeds up the pace of disruptive innovation. Take one new company , Cue:
We've already seen signs this is impacting the economy in a report from the Kauffmann Foundation.
“I have 10 engineers, but without A.W.S. I guarantee I’d need 60,” said Daniel Gross, Cue’s 20-year-old co-founder. “It just gets cheaper, and cheaper, and cheaper.” He figures Cue spends something under $100,000 a month with Amazon but would spend “probably $2 million to do it ourselves, without the speed and flexibility.”