Kodak, Instagram, and Automation

Here’s a current example of the challenge we face... At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people. Where did all those jobs disappear? And what happened to the wealth that all those middle-class jobs created?


A cautionary tale of how automation is running people out of employment.

Folksonomies: automation unemployment

/business and industrial (0.516005)
/hobbies and interests/arts and crafts/photography (0.476776)
/technology and computing/consumer electronics/camera and photo equipment/cameras and camcorders/camera batteries (0.356808)

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Digital camera (0.980795): dbpedia | freebase | opencyc
Digital photography (0.816025): dbpedia | freebase
Camera (0.743789): dbpedia | freebase | opencyc
Digital single-lens reflex camera (0.720381): dbpedia | freebase | yago
Photography (0.698092): dbpedia | freebase
Medium format (0.577680): dbpedia | freebase | yago
Image (0.560855): dbpedia | freebase
Steven Sasson (0.560305): dbpedia | freebase | yago

 Who Owns the Future?
Books, Brochures, and Chapters>Book:  Lanier, Jaron (2013-05-07), Who Owns the Future?, Simon & Schuster, Retrieved on 2013-05-17
  • Source Material [books.google.com]
  • Folksonomies: computers


    24 MAY 2013

     Elimination of Professional Photography

    Kodak, Instagram, and Automation > Additional Support/Evidence > No Such Thing as Professional Photographers
    A stark example of how technology and automation is virtually eliminating a profession.
    Folksonomies: automation
    Folksonomies: automation


    25 MAR 2013

     Automating Ourselves Out of Employment

    As we automate people out of work, how will will deal with the unemployment? The science fiction utopia of a post-scarcity society can't work in a Capitalist system. How will we deal with the fact that fewer and fewer monopolists will control all the resources and have less and less need for employees? Alternative Titles: The Post-Scarcity Distopia
    Folksonomies: employment automation
    Folksonomies: employment automation