A lot of negative things have been said about the tech sector

A lot of negative things have been said about the tech sector during last week’s Silicon Valley Bank fiasco.

But the one thing these critics fail to acknowledge, is the tech sector is the greatest advocate for the poor and underserved. Mostly because the tech sector creates a deflationary economy.

Let’s consider education… it once cost tens of thousands of dollars to get most good-paying jobs. And then YouTube was released, where anyone in the world with an internet connection can learn nearly anything, for free.

Or, let’s consider communication… remember when long-distance calls, especially international calls, were reserved for only the rich or for special occasions? But then Skype was released, suddenly allowing anyone in the world to communicate with each other via video, basically for free.

And there are many more examples of how technological innovations have driven consumer expenses to near zero.

All in, by considering how the quality of life has been improved because of tech, it’s hard to complain that the USA must do everything it can to have a vibrant tech sector.