Technology and Modern america
How Technology Affects Modern America The human race has been using technology since man first chipped stone blades to improve their hunting tools. Throughout history, humans have looked for better ways to meet their needs and satisfy their expectations. Technological evolution has advanced man from the dark ages to the enlightenment and from the agricultural period to the industrial revolution. Today we live in the "Information Age"; a time in which it seems computers permeate every facet of the human experience. In 1942, economist Joseph A. Schumpter wrote that technological change "incessantly revolutionizes the economic structure from within (Whalen)." He correctly predicted that technological change would be the core of economics. Technology has had an immediate impact on the U.S. economy in several ways. Technological advancements have changed industry, influenced U.S. wage trends, transformed the American idea of work and revitalized the stock market with the creation of technology stocks. The U.S. industrial sector has been steadily reorganizing, gathering strength, and improving its efficiency since the 1970s. Today, the U.S. is again one of the world's most productive manufact
Analysts now believe the economy's performance is not just a cyclical phenomenon or a statistical aberration. In the second quarter of 2000, this number had ballooned to $1. " - Time MagazineThe advancements in manufacturing technology have changed the microeconomic picture of the U. The educated and highly skilled upper end of the service sector has found a plethora of opportunities at fees that reward their choice of career. Robots are used in redundant, monotonous tasks in which human performance might degrade over time. However, in 1974 that time period came to an end. Today's products last longer, function more efficiently and are often less costly than a decade ago (Hall). Microchips created the "Information Age"; a time in which knowledge and the ability to manipulate it genuinely became power (Rothman). The information revolution has divided the work force into the small number of people with the kind of skills that give them almost infinite opportunity and the larger number of people effectively designated to "flipping burgers and sweeping up (Rothman). " In the end, the microchip revolution has changed the way life progresses in the U. Many companies have elected to have their manufacturing completed in countries where wages are far less (Rothman). However, after 1972 trends indicated that they wanted to better themselves with as little work as possible and preferably none at all (Rothman). Thus, the lack of need for labor has resulted in a more competitive job market where an education and a marketable technological skill are highly valued. It has favored the educated and the skilled.
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