Speed dating in mobile al
In a few years they can erode the profits of industries that took many decades to build.
Like dorks in awe of the cool kids, the rest of America’s business establishment chastises itself for being too slow.
The unease goes beyond the activities of individual firms to those of the corporate sector as a whole. It is very hard to prove that it is actually happening. As Karl Marx and Friedrich Engels noted in 1848, it sweeps away “all fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions..new-formed ones become antiquated before they can ossify.” Take transport.
In his 2014 book, “The Impulse Society”, Paul Roberts, a social critic, decries a system “so hostile to the notion of long-term investment, or commitment, or permanence, that it is becoming incapable of producing anything of durable social or economic value.” The idea that time is speeding up is clearly popular. In 1913 Henry Ford’s reinvention of the assembly line cut the time it took to make a car from 12 hours to 90 minutes.
Others worry about the things they may do in the attempt.
Hyperactive bosses are accused of slashing jobs and overdosing on share buy-backs to hit quarterly earnings estimates.
It has shortened from over 100 years for the spindle (invented in 1779), to 13 years for mobile phones, according to Diego Comin and Martí Mestieri, two scholars.
Patent registrations, which, though an imperfect measure of innovation, probably track it to some extent, have been growing by about 11% a year for the past half-decade, compared with a long-term average of 6%.
Mavericks and geese America’s executives worry that they won’t keep up with this quickening world.The frequency with which consumers shop for groceries, which has been declining for a decade or more, may have picked up thanks to the spread of e-commerce. The rate of new consumer-product launches is probably slowing or in decline. A crude gauge of production speed can be gained by looking at the inventories of industrial firms, which mainly comprise half-finished goods, or “work-in-progress”.The ratio of work-in-progress to sales points to a slowdown over the past decade (though if you exclude Boeing, an aircraft-maker, it is merely flat).Information technology is ever more embedded in customer’s lives.More firms use contracts and accounting systems with “mark-to-market” prices, exposing themselves to rapid changes that long-term contracts used to smooth over.