Whats New In The New Economy

Essay by PaperNerd ContributorUniversity, Master's October 2001

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What's New In The New Economy? When you picture the economy of America you can only visualize prosperity. America's economy is a new economy and the reason behind that is the technology involved in every action taken towards the economy. People don't run the economy the computers and the Internet run the economy. This country is entering a digital economy. It's not at the same level it was in the 1920's when the entire United States was thrown in the well of depression. America has pulled itself in to a new revolutionized IT economy.

The new economy competition at the workplace brings out the best and also the worst in companies. Those companies that tend to be at a higher "standard"Ã¯Â¿Â½ invest their employees on training, quality improvements, customer satisfaction and research and development. The new economy brings higher paying job to higher skilled workers the demand is extremely high for education.

The jobs that need to be filled are mostly attainable, to students of educational facilities who are enhancing their teachings, and up grading the material learned in the courses day by day. As the new technology is developed there needs to be educated people who can work with or on the new technology. The new economy also affects the unions, which benefit their members with increased comfort with their work benefits, hours and pay.

The way the economy runs is the way our lives run. Technology is sprouting growth so fast that older assumptions on inflation productivity and profits etc. no longer hold. The new economy's jobs are making themselves more flexible to the working parents who. Companies are flexing hours and days in order to accompany the kids and their parents. The new economy is also drastically fixing problems, which involve neglect from the children of...