The long-term effects of tech companies' dominance on the economy could be multifaceted. They could lead to a concentration of wealth and power, as the top tech companies continue to grow and accumulate wealth. This could potentially lead to a decrease in competition, as smaller companies struggle to compete with these tech giants. Additionally, the dominance of tech companies could influence the job market, potentially leading to job losses in traditional industries while creating new opportunities in the tech sector. However, these are just potential effects and the actual impact would depend on various factors including government regulations and policies.
Ever wonder why Silicon Valley seems omnipotent in every arena, not only in technology and business...
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