These organizations employed too many people of relatively mediocre ability relative to output, leading to waste and eventual disbandment. Today's private sector companies in FAMNG+ are making bigger breakthroughs in AI, apps, self-driving cars, etc. with fewer people relative to population and more profits. This is due to more selective hiring and performance metrics. Yeah those people form the 60s were smart, but today's STEM whiz kids are probably lapping them.
These organizations employed too many people of relatively mediocre ability relative to output, leading to waste and eventual disbandment. Today's private sector companies in FAMNG+ are making bigger breakthroughs in AI, apps, self-driving cars, etc. with fewer people relative to population and more profits. This is due to more selective hiring and performance metrics. Yeah those people form the 60s were smart, but today's STEM whiz kids are probably lapping them.