Every few years someone claims that the world will be changed by a new technology. Sometimes they are right, and other times they’re wrong. This has lead many of us to believe that we have all placed too much faith in the technological revolution. Despite all our criticism, concerns and fears about anything new that involves a microchip, no one can deny that the world has changed for the better or worse thanks to high tech gadgetry and there is no end in sight. In most cases there is not an instant effect caused by new inventions. It takes time for people, industry and governments to adjust. During those periods of adjustment the technology has time to become refined and less expensive. Workers who lose their jobs to new technologies end up having to look for other types of employment. This is a cycle that people have experienced since the dawn of the industrial revolution, and now it is about to happen all over again in a huge way.
When cell phones came along most people thought of them as a new toy for the wealthy. Today, most people have one and for many the phone in their pocket is the only one they have. The instant upside is that we can easily stay in touch with our family, friends, employers or business contacts. More than just personal communication devices, smart phones now allow us to take care of many tasks that once required a PC to handle. The downside is that we can no longer hide from the world unless we simply do not answer our calls. Add to that the fact that we can easily become addicted to social media, texting, games and all kinds of online activities.
When the “mobile phone” revolution first started to explode a lot of investors and venture capitalists thought they would make a fortune investing in various schemes to buy or sell phones or air time. Most of those investments fell flat and ended up being loss leaders. That is why it is important to see what is coming, know when to make a purchase; or invest and how. Otherwise is it all too easy to become a victim of new technology. If you dout this just visit any garage sale or junk shop where you will find all sorts of technology that was supposed to go on for years and expand into more advanced versions. Good examples: Atari Game Systems, The Adam Computer, Game Boy, 8mm amd VHS Camcorders, Betamax and VHS Video Recorders/Players, Laser Disc Players, Cassette, 8 Track and Reel to Reel Tapes and Machines, Telex Machines, PDAs, Portable Televisions, LED Watches and Typewriters.