The Internet has definitely created many new jobs, but now I'm wondering if it's doing more damage to the economy than good. Blockbusters are closing down their brick and mortar thanks in large part to Internet sensation Net Flix. The same lies true with many other physical location businesses as more and more consumers do their shopping online.
The Internet is also affecting productivity in the workplace as employees waste time surfing the net. That hurts the economy too.
The Internet is full of scams and is the source of most identity theft costing consumers millions of dollars.
The Internet is full of free solutions funded by investment dollars in attempt to draw in a crowd to advertise to, but in the process it's putting many other businesses out of business which rely on selling the same solutions for a profit.
There are probably many other examples, but there are some that I came up with.
I'm genuinly beginning to wonder if the Internet is killing the economy.
Comments
The Internet has definitely created many new jobs, but now I'm wondering if it's doing more damage to the economy than good. Blockbusters are closing down their brick and mortar thanks in large part to Internet sensation Net Flix. The same lies true with many other physical location businesses as more and more consumers do their shopping online.
The Internet is also affecting productivity in the workplace as employees waste time surfing the net. That hurts the economy too.
The Internet is full of scams and is the source of most identity theft costing consumers millions of dollars.
The Internet is full of free solutions funded by investment dollars in attempt to draw in a crowd to advertise to, but in the process it's putting many other businesses out of business which rely on selling the same solutions for a profit.
There are probably many other examples, but there are some that I came up with.
I'm genuinly beginning to wonder if the Internet is killing the economy.
No, the invention of the wheel killed the economy.
It depends. If the internet peddles U.S. manufactured goods, it stimulates higher paying jobs...and at the expense of lower paying retail jobs.
An economy can't function well without producing things. It could get by just fine without retail clerks as long as there is another way to distribute domestic manufactured goods. There would be job shifts to delivery firms.
One of my nephews received a virus from the internet...along with an offer of an expensive anti-viral program to remove it . That sort of scam ought to be illegal...and isn't. We certainly wouldn't want regulations interfering with the "free market"..
Retired Monk - "Ideology is a disease"