Economics Project property of The Parish Episcopal School
Tuesday, May 10, 2011
Logans third post
Technology has always been thought to be both a tremendous blessing, and in some cases a curse. The us postal service has reported a 2.2 billion dollar loss last year alone. Mail volume has dropped by 35 percent, and red tape legislature makes it impossible for the company to improve it's situation. Although this loss can be chalked up to leadership issues and failing government support, the main culprit behind the sharp decline in the postal service is undoubtedly email. A more convenient form of delivering messages that a consumer can have access to for free at websites like aol and yahoo. The equilibrium price of the mail service has now been drawn down to zero dollars and zero cents. The us postal service which is inefficient, slow, and actually costs money cannot hope to compete. Demand for paper products is down all across the board as the computer is now the ultimate way to communicate. Postage has become the new cd to the iPod, and now Jobs will be lost, those who held those jobs can't spend money they aren't making and a large group of the population will read about the USPS's troubles in an emai sent by their buddy via aol.
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