As the world's population increases, the demand for food will also go up. There are already place in the world that are suffering from starvation. The Earth is only so big and it's going to get to a point where we won't be able to produce enough food to accommodate.
2. What is the major debate around the future of market-based economies?
How to balance non-market models.
3. How has this technological revolution different the previous technological revolutions and what two factors of production and now more important than capital, labor and raw materials?
This revolution has to do with more of the time and distance than the energy and materials. Knowledge and Creativity are now more important than capital, labor and raw materials.
4. What new service ideas have you had direct experience with? Drawing on your personal experience what are the benefits and drawbacks of these new service ideas?
I just recently bought a new car and that's a good example. I have Microsoft SYNC in this car and have had some problems with it. I contacted the dealership and they weren't sure how to fix it other than resetting the whole system. They contacted Ford and Ford said that it was a Microsoft problem. Don't get me wrong, I like the integration. However, this specialization is making things complicated.
QUOTE:
I couldn't find the exact wording but I am responding to the idea that as finances become more and more electronic, banks will be searching for new purposes.
RESPONSE:
I agree and am somewhat surprised by this. It's hard to believe that there may be a day whenever solid money is a thing of the past. Today you can pay bills, transfer money, purchase electronically, and even more. New jobs are being created all of the time and before you know it, old jobs will be outdated. Think, if the purpose of a bank becomes automated and money is electronic, what would be the purpose of the bank? Also, look at machinery. Robots and machines have been getting rid of the need for workers. They're cheaper and more efficient, and the company owns them. I recall seeing commercials for machinery that is now able to fix itself. It seems like technology will get too smart and the whole "Technology taking over" fantasy could become reality.
The following picture is an example of machinery taking over jobs.
SOURCES:
Rischard, J. F.. High noon: twenty global problems, twenty years to solve them. New York: Basic Books, 2002. Print.
" Google Image Result for http://wiki.western.edu/mcis/images/9/9b/Carproduction.jpg." Google. N.p., n.d. Web. 4 Oct. 2012. <http://www.google.com/imgres?um=1&hl=en&client=firefox-a&sa=N&rls=org.mozilla:en-US:official&biw=1920&bih=1075&tbm=isch&tbnid=InJ95TH1lnP5EM:&imgrefurl=http://wiki.western.edu/mcis/index.php/CIS/S07/_Is_technology_taking_over_jobs_of_America/Body&docid=DI>
Nice job identifying important issues raised in the chapters and making connections to your personal experiences!
ReplyDelete