Disintermediation of today

On 11/09/16, the Professor was showing us a quick history of how people used to buy stuff in the stores and then how the internet has change everything.

About 20 years ago which is not a long time ago, people who want something would just run down to a part of town where a lot of small business would be found. This was the time when big box stores weren't around and Amazon was still a book store. But when the internet was introduce in 1994, thing had change dramatically. People are starting to learn that it was cheaper to buy things on the internet. You could just bypass the middle man and get items that you would normally not see in your local town. This was called Disintermediation. Buying directly from the producer.

With the new changes, it may seam great to get your favorite items for less and have them deliver right to your front step. But here's the catch. A lot of people have loss their job because nobody want to buy from them or used their service. It was more convenient to just buy stuff with the click of the button. Some of the jobs that got affected are travel agents, tax preparers, bank tellers, book retailing, and postal service. Even well know business got affected. Stores like Sears and Barns and Nobel's were once "the" stores to get your stuff. Now you don't hear them as much.

With these changes you might be wondering what happen to the people who lost their job. Well the answer is, they have to adapt to the new work force. After searching online for awhile, their is not a great answer to the people who lost their jobs. Usually they need to look for a job that is similar to there own skill set. Like a bank tellers go into accounting for a business or a librarian becoming a educator.  If that doesn't work, most of the time people would have to retrain themselves to find a new job. For the people who were in a union before losing their job, they had it a bit more easier time because the union would of help them on finding a new job.

Well that all that I could find about "where did the people go to work" after the introduction of the internet. It was very interesting for the lack of information from google and Bing. Anyway that all for today.