Assessing the social value produced by founding Google

Sergey-brin-larry-page-google-founders

80,000 Hours has outlined some reasons tech entrepreneurship could be a particularly promising career path. One relevant factor is that the technology sector is a candidate for a sector of the economy that produces significantly more social value than its total earnings. Some reasons for this are:

  • Anecdotally, people report that they benefit substantially more from certain technologies than they pay for them. For example, Google provides services to Google users at the very low cost of unobtrusive advertisements, and Google users benefit substantially relative to this cost.

  • Technological innovation has been a large driver of economic growth, and economic growth helps people who haven’t been born yet, who don’t pay for past technological innovation.

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