Conditions and Effects of the Evolving Electronic Economy on Labor Essa

Conditions and Effects of the Evolving Electronic Economy on Labor But I think what surprised me as much as anything was not to find any stores on Washington Street, or any banks on articulate. What have you done with the merchants and bankers? Hung them all, perhaps, as the anarchists wanted to do in my day? non so bad as that, replied Dr. Leete. We have simply dispensed with them. Their functions are obsolete in the modern valet. (60) Looking Backward by Edward Bellamy, 1887Edward Bellamys futurist conception of commerce in the 21st century unintentionally created a surprisingly accurate representation of the emerging electronic economy. The use of computer engineering and the internet is allowing the creation of greater corporate profit margins at the expense of labor. There is a clear march towards seamless electronic transactions that removes numerous established forms of traditional marketing and employment that have existed for centuries. Funded by corporations, government, and ironically by consumers themselves, the evolving wireless economy promises to accelerate consumption at a acidulous pace with little thought about the need for labor to have viable forms of income to sustain consumption.We are on the threshold of establishing global economic methods of manufacturing and dispersion promoted by a capitalistic quest for profit that has not considered the far-reaching implications of dissolving existing methods of commerce or consequences of increased merchandise. Capitalists have grandiose plans for increasing production and consumption at the expense of labor, but few plans for sustaining income for labor to support consumption. They have neglected to recognize or plan for the inherent flaws of capitalism that go out have a tremendous effect on our future system of economy and society. At this time, we can only postulate theories about the outcome of our rendering to a digital, global economy. The indicators, however, predict a continuation of trends that do not portray favorable situations for labor or to support a cohesive society. In his book Looking Backward, Edward Bellamy astutely envisioned future methods of transactions that are increasingly becoming our reality, and his description of contrast between old and new world commerce could not have been more clearThat must be a tremendous saving of handling, I said. ... ...Atkinson, Robert. The New Economy Index, Understanding the Statess EconomicTransformation. Washington, D.C. Progressive Policy Institute Technology, Innovation, and the New Economy Project, 1998Bellamy, Edward. Looking Backward 2000-1887. New York Random House, 1982Braverman, Harry. Labor and Monopoly Capital, The Degradation of Work in the Twentieth Century. New York Monthly Review Press, 1998Byrnes, Nanette. Internet Anxiety Part in envy, part in fear, Corporate America is embracing a radically new business model. Business Week. June 29, 1999Fiore, Frank. e-Marketing Strategies. Indiana Que Pub lishing Company, 2001Hanson, Ward. Principles of Internet Marketing. Ohio South Western CollegePublishing, 2000Hoque, Faisal. e-Enterprise. Business Models, Architecture and Components.Cambridge University Press, 2000.Press, Associated. Does Tax Plan Repeat History? genus Sonora The Union Democrat, March12, 2001Rosner, Bob. Getting Laid Off Isnt The End of the World. San Francisco Chronicle,March 11, 2001Stricker, Frank. Causes of the Great Depression, or What Regan Doesnt Know About the 1920s. Dominguez Hills California State University, 2000