Luke H. Lee Comments on the “Information Age”

Realizing a better world

We have developed numerous “job-killing machines” in the real market (or supply chain process) through the use of IT and networking technology over the last 20 to 30 years of the Modern Information Age. These machines have significantly contributed to the shift to a more efficiency-oriented supply side environment by killing jobs and have altered the whole economic environment. Strangely, it seems nobody has recognized this yet, and no expert has considered this at all in his or her public ruminations about the economy.

Realizing a better world

 

It is always a pleasure to recommend my colleagues on the web and here I take another opportunity to do so. This is a very brief quotation from the article. Please go to Lee’s site and read in full.

James Pilant

Enhanced by Zemanta

The Work of Luke H. Lee

Example of supply chain

Image via Wikipedia

Keeping a web site and maintaining it can be a real pain but one of the great pleasures of it, is that you get to provide support to your friends to get the word out about their ideas. Here is a piece from my blogging friend, Luke H. Lee.

The article is significantly longer than this small excerpt and you probably need to see the diagrams for full understanding. So please read the whole thing.

James Pilant

Realizing a better world

If a public information-based supply chain infrastructure system is developed and fully implemented in the real market, the existing efficiency-oriented market process would be changed to a more effectiveness-oriented market process, which is more suitable for the modern information market. This would significantly contribute to the improvement of employment on the whole. The self-generation capability of the market would improve as well.

Luke Ho-Hyung Lee

With the influence of this new, more effectiveness-oriented supply chain process, the existing competition by size would change into competition by quality and service. The existing efficiency-oriented mass production process and mass-market consumption model would also be altered into a more effectiveness-oriented, diversified, or individualized production and consumption system. Owing to these changes, local employment conditions would improve considerably, and the business environment for middle- and small-sized companies and for the general service industry would improve significantly. Moreover, companies that off-shored and outsourced to lower labor cost countries would come back to the domestic arena

Realizing a better world

Enhanced by Zemanta