Monday, July 25, 2011

Texts Messages, Amazon, Netflix, and I-Tunes are responsible for Income Inequality in the US. This is what I see in this Infrographic...Can you see it too?

How the "creative" advancement and market implementation of technology has "destroyed" industries over time.  Old jobs destroyed (that's gotta hurt some people) and new jobs emerge (probably not jobs that the first group can perform)---this in a nutshell gives insight into the problem of rising income inequality in the US. Think about the skills required to perform the jobs in each of the compared industries below... It is not the whole story, but there is a link...  
Source: Chartporn

""We all knew that the 1990s tech boom would change the world. But then a funny thing happened: For years brick-and-mortar companies happily coexisted with their e-rivals. Borders, for instance, actually increased sales from 2000 to 2005 as it dueled Amazon. Now those days seem to be ending. Digital companies are so big, and growing so fast, that they’re obliterating old businesses. Consider these four examples: The U.S. Postal Service says it will be insolvent by the end of 2011 without a bailout. Blockbuster and Borders have filed for bankruptcy. And music stores keep closing.""
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