Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I think this is an example of how quickly one invention can decimate an economy. Kodak was almost single handedly destroyed by one invention- the digital camera / cell phone camera. No more film, no more cameras, no film processors, no dark-room chemicals, etc. All gone in a matter of, what, 5 years?
And how is the government supposed to deal with issues like that? People blame Obama and Bush too for what happened, but its issues like these that no government can deal with how fast it happens.
Even Xerox copiers have been replaced by $89 printers.
I think this is an example of how quickly one invention can decimate an economy. Kodak was almost single handedly destroyed by one invention- the digital camera / cell phone camera. No more film, no more cameras, no film processors, no dark-room chemicals, etc. All gone in a matter of, what, 5 years?
And how is the government supposed to deal with issues like that? People blame Obama and Bush too for what happened, but its issues like these that no government can deal with how fast it happens.
Even Xerox copiers have been replaced by $89 printers.
Good points, especially if the company does or can't adjust quick enough to implement a similar invention/technology.
I did notice that some of the talent that left those bigger companies were able to start smaller companies in order to bring people back into the workforce.
The big thing with Kodak is they were pioneers in digital camera technology and had many patents to show for it. They could have had the market by the balls and reaped the benefits of being on the forefront, but instead stale leadership refused to change the dynamics of the company to follow the success that would be the digital camera market. And now, here we are.
The big thing with Kodak is they were pioneers in digital camera technology and had many patents to show for it. They could have had the market by the balls and reaped the benefits of being on the forefront, but instead stale leadership refused to change the dynamics of the company to follow the success that would be the digital camera market. And now, here we are.
2 points
there still would have been massive layoffs in Rochester when the film business disappeared
They were still making money hand over fist with film. I can't blame them for "milking the cow" with an existing product as opposed to changing the entire company for an unproven product. They did try to phase in digital, I guess maybe the timing was off.
The number of people employed in 2014 Rochester equals that of 1990 Rochester.
Worse, the birth rate is atrocious, one of the worst in the nation.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
