Posted by: coastcontact | February 8, 2013

Impact of Technology on the U.S. Economy

If only businesses would start re-hiring all those people who lost their jobs in the Great Recession everything would be as it was.  It won’t happen like that!  Globalization and technology have changed everything.

The Mobile World Congress is a show of the latest cell phone and tablet technologies.  It will occur February 24 to February 28 in Barcelona, Spain.  The facility used is a new state of the art convention centre called Fira Gran Via consisting of eight halls.  With over 1,500 exhibits, it is a reminiscent of CES and Comdex that have been held at the Las Vegas Convention CenterThis is a wake-up call that the United States is not necessarily the center for new technologies.

  Fira Gran Via, Barcelona Spain

  The Gran Via Convention Centre

 Fira Gran Via mwc_carousel_networking gardens_final                                                                                


No business will hire employees in the western world when the job can be done for far less in developing countries.  Workers in China, Mexico, and elsewhere are willing to work for $1USD an hour.  Workers in the United States, Canada, U.K., Germany and other industrialized nations cannot pay their bills on that rate of pay.

Businesses of all types try to solve their employment needs by looking for automated equipment rather than hiring.  The benefit is lower cost for services rendered where ever labor is needed.


From cars to bread, robots dominate modern production

On-line Digital Camera Review owner/editor Jeff Keller, “The smartphone became the preferred photo tool for many.”  The web site closed down effective December 31, 2012.

Newsweek’s final print publication mailed out on December 24, 2012.  The final issue is dated December 31, 2012.  The cause was a decline in advertising revenue.  The magazine’s owner will attempt a digital version that will be available only to subscribers.

Borders bookstores have closed.  Barnes and Noble stores are closing too.  E-readers are this year’s sought after device.  Barnes and Noble’s Nook is one of those readers.

Modern manufacturing isn’t based on human labour; it’s based on the robot. Still, most people cannot grasp the breadth of automation in factories. We still picture plants full of human workers toiling to make our cars and furniture, just as we imagine our meat comes from animals in a barn. The truth is much more awe-inspiring, perhaps even frightening. The factories of today have some human workers, but huge portions of assembly lines are 100% mechanized. The US Bureau of Labor Statistics expects automotive jobs to decline 18% by 2018 despite expected increases in production. Robots eliminate the need for more workers.

What is the United States doing to sustain its lead in technology and grow its economy?  Arguing about gun control, immigration, and government debt.


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