The other day, while getting my haircut, I thought about the Canadian’s growing service sector and its impact on future generations. As a result of high demand for services, most people today work for in the service sector. With the advancing technology, some tangible goods are no longer purchased in the stores but instead downloaded from online sources. The good example is music and DVDs that used to be only available in Disks. Consequently, some CD companies are going out of business (the HMV store in Oakridge). Because the DVD player is a perfect complement for DISKs, it will soon be driven out of business due to the low demand for it. Another example of pure service is artists singing in concerts. What do you get from a concert? (besides losing several thousand cilias which could cause some hearing disabilities) Nothing! (in terms of tangible goods). Also, people today are willing to pay really high price to see two persons fight. In the summer of 2010, Vancouver hosted a UFC fight and tickets were sold out even before they were released to the general public. I would also categorize casino in the service sector as it only provided entertainment to customers. Although those kind of entertainments were already available in the past, only privileged families would have attended Chinese/Italian operas whereas today anyone can “afford” a concert ticket. I also think that with the growing service industry, more and more consumers will be reluctant to leave their houses because most goods will be directly delivered to their houses. Online education also exists and is becoming more popular because of multiple reasons such as time saving (commute time), cost saving, etc… Some friend even told me that, aside from food, they purchase everything online.
Good thoughts, I would disagree about the concerts and tangible goods though. Many concerts sell merchandise and do very well! I would agree that it is an additional cost that is not part of the ticket price but they are available at the concerts. Also most of the time you are provided a ticket and to some people that ticket is a tangible take away that they will keep and use to remember the concert (tangible?).
I think the thoughts on online purchasing are interesting. If you’re right soon no one will leave their homes!