Why learning to code won't save your job

Horrible, horrible article. I was getting a little annoyed at the faulty reasons, scare tactics, and other assorted misstatements, then I hit this line and I just stopped reading:

A single computer program written by perhaps a dozen developers can wipe out hundreds of jobs. As the author and entrepreneur Andrew Keen has pointed out, digital companies employ 10 times fewer people per dollar earned than traditional companies.

That stat doesn't mean what he thinks it means. Another way of saying this is that digital companies produce 10x more money per employee -- that means they are hugely profitable. That is a huge incentive to hire more and push wages higher. The implication is that if you are tens times less productive, firms will be banging down doors to hire more people?

This guy cleared failed any econ class he might have taken.

Edit: Wikipedia describes this guy as "an American media theorist." What is that?

Recent: https://news.ycombinator.com/item?id=11359884