Consumers Love And Benefit From America’s Leading Technology Services
Leading technology services positively contribute to all aspects of our livelihoods and regularly offer the nation’s most popular products in the eyes of consumers. This should not be all that surprising. These services have empowered people across the globe – lowering prices, offering more information to make life decisions, and giving consumers more choices.
The Real Beneficiaries Of The Internet’s Growth Are People, Argue James Manyika And Charles Roxburgh Of The McKinsey Global Institute. “We should not overlook people—the real beneficiaries of the Internet’s growth. The Internet has fundamentally empowered the consumer, allowing shoppers to compare prices, find instant sales, and locate specific makes of automobiles or attractive rental properties without the use of brokers and dealers. It can offer road directions or health information. It saves the consumer time, boosts price transparency, and gives customers access to hard-to-find products.” (James Manyika And Charles Roxburgh, “The Great Transformer: The Impact Of The Internet On Economic Growth And Prosperity,” McKinsey Global Institute, 10/11)
Leading Technology Companies Have Become Large Because They Are Consumers’ Top Choice Notes Economist Mark Jamison. “Successful tech companies become large because customers choose them. Facebook does not compel anyone to sign up, Google does not divert searches from Bing or DuckDuckGo to www.google.com, nor does Amazon block people from driving to Books-A-Million. In fact, at least two of these companies became successful by surpassing other companies that pundits once described as controlling their markets — namely Myspace and Yahoo!. And the National Retail Federation ranks Amazon as only seventh in the US in retail sales for 2017.” (Mark Jamison, “Five Myths That Cloud People’s Thinking About Tech Markets,” AEI, 12/19/17)
Regular Polling By Morning Consult Finds That Consumers Remain Steady In Their Appreciation For Today’s Leading Technology Services. “Some policy makers want to curb companies they say have grown too powerful. You’d never know it by asking the American people. Amazon, Facebook, and Google have all held steady in daily favorability polls conducted by research firm Morning Consult over the past year, through Tuesday. The ratings wiggle a bit from week to week, but the companies haven’t seen any decline.” (Klint Finley, “What Tech Backlash? Google, Facebook Still Rank High In Polls,” Wired, 10/12/17)
Leading Technology Services Are Driving Prices Down
Consumers Have Seen Lower Prices As Leading Technology Services Have Shaken Up Traditional Business Models, Explains BlackRock’s Chief Investment Officer Rick Rieder. “It’s not just the prices of technological products and services that are falling. Rieder argues that technological innovation ‘is disrupting traditional business models of many industries, putting a lid on prices and influencing inflation in the economy overall.’ After all, the consumer who buys an iPhone (or a competing product, of course) is effectively buying not just a phone and a personal computer but a camera, a radio, a television, a clock and more. From the producer perspective, this limits the prices that manufacturers of these more traditional items can charge; from the consumer perspective, this means that an individual can live more comfortably with less money, meaning there ought to be less pressure on employers to pay their workers more.” (Rick Rieder, “Technology Is The Hidden Driver Of Low Inflation: BlackRock’s Rieder,” CNBC, 6/28/17)
Research Shows That As More Consumers Join, Leading Technology Services Are Able To Lower Prices Further. “Academic research demonstrates that the more consumers visit price comparison websites, the lower prices fall and the greater the difference between the average and minimum prices for a particular good. Preliminary research shows online prices are, on average, 10 percent lower than their offline counterparts as a result of the price transparency that search tools offer. The economic surplus captured by consumers from web services alone ranges from $18 a month per user in Germany to $28 in the United Kingdom. The consumer surplus generated by the Internet in 2009 ranged from $10 billion in France to $64 billion in the United States.” (James Manyika And Charles Roxburgh, “The Great Transformer: The Impact Of The Internet On Economic Growth And Prosperity,” McKinsey Global Institute, 10/11)
Entrepreneurs Benefit From Leveraging Platforms To Find And Reach Customers
People Are Empowered Through Technology — A Youtube Cover Artist Says Leading Technology Services Have Allowed Him To Hire Help, Increase Productivity, And Be A Father And Husband. “If there are difficulties in navigating the modern cultural business, there are upsides, too. ‘I can have a normal life now,’ said Peter Hollens, an a cappella singer who creates cover videos on YouTube. Mr. Hollens, who lives in Eugene, Ore., now makes about $20,000 a month from his Patreon page. The money has allowed him to hire production help and to increase his productivity, but it has also brought him something else: a feeling of security in being an artist. ‘I don’t have to go out on the road and play in bars,’ he said. ‘I can be a father and I can be a husband. This normalizes my career. It normalizes the career of being an artist, which has never been normalized.'” (Farhad Manjoo, “How The Internet Is Saving Culture, Not Killing It,” The New York Times, 3/15/17)
Similarly, EquipmentShare’s Co-Founder And President, Willy Schlacks, Explains How Contractors Use Leading Technology Services To Drive Efficiency, Productivity, And Greater Safety. “Contractors and other players in the space have been looking for ways to find efficiencies, cut costs or otherwise boost their bottom line and are turning to technology to do just that. The biggest benefit that technology brings to the construction industry is the ability to capture and use data. Technologies like telematics are enabling contractors and OEMs (original equipment manufacturers) to capture data from their equipment–something that wasn’t possible before–and use that data to more intelligently manage their maintenance schedules, hours of service and more. There are so many applications in the construction industry for data that can all be used to drive efficiencies, productivity and greater safety.” (Courtney Duffey, “Construction Disruption: Q&A With Equipment Share,” Disruptive Competition Project, 7/14/17)