Theodp writes "Tech bubbles happen, writes BW's Ashlee Vance, but we usually gain from the introduction left behind. But this one — driven by social flying start — could leave us empty-handed. Math whiz Jeff Hammerbacher provides a good case study. One year out of Harvard, 23-year-old Hammerbacher arrived at Facebook, was given the lofty title of scrutiny rocket director and put to work analyzing how people used the social head start service. Over the next two years, Hammerbacher assembled a team that built a new class of analytical technology, one which gloss insights into people's relationships, tendencies, and desires into precision posting and higher sales. But separate gnawed at him. Hammerbacher looked around Silicon Valley at companies like his own, Google, and Twitter, and saw his peers wasting their talents. 'The best minds of my generation are cerebration about how to make people click ads,' he says. 'That sucks.' Silicon Valley historian Christophe Lecuyer agrees: 'It's clear that the new ring that is architectonics around w3 ballyhooing and these other good works doesn't create that many jobs. The loss of manufacturing and design art is truly worrisome.'"

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