December 14, 2015
Printed vs Posted
I case you haven’t noticed buying the newspaper and magazines have decreased in popularity considerably in in the recent past. Internet sites instead of hardcopies that you must pay for have taken over the industry. As the newer generations age and grow up with internet availability and the older leave it can be expected that even less people will buy hard copies of things simply because you can view it on the internet for free.
However there is opportunity cost and tradeoffs involved in the huge media shift. The Bureau of Labor Statistics listed that in 2012 there was 276,000 with a job outlook ar -5% American employed in the printing industry. Not to mention the business manufacturing companies and electrically power companies would lose from building the machines and keeping them running. Also there would be an extremely large dip in the paper being produced and the even more people would lose jobs. With moving into internet media and news would be mostly free for consumers the opportunity cost for the US economy would be a substantial rise in the unemployment rate. With less people working and making money there will be less money to buy products could slow the economy and move it in the direction of a recession.
Although the journalists who write the articles would keep their jobs, there just wouldn't be enough jobs created for people who run the websites that display local and national news. it takes a lot more people to run a printing plant rather than a website because a hard copy must be printed for every individual that wishes to view it.
Substituting hard copy news and media for internet posted articles could be a huge detriment to the US economy putting thousand out of jobs and affected tons of companies and all that goes into the printing industry.
" future Printers of America." Quad Graphics. N.p., n.d. Web. 14 Dec. 2015.
"Printing Workers." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 14 Dec. 2015.