By comparing the cost (in hours worked) of electronics and technology today compared to the recent past the article linked below makes it very clear that we live in amazing and prosperous times. (Read the article)
Human nature being what it is, it is routine for people to complain about how hard the times are, how much better things used to be and how we are headed for some dreadful future. When in fact we are leading lives of general prosperity supported by incredible technology and what is more, it will most likely just keep getting better.
I am certain some people reading this right now are screaming to themselves. “What a fool doesn’t this guy pay attention – unemployment is too high and..and…things just aren’t all that great!”
Yes, of course I am aware of the difficult economic times we have all had to deal with. Where I live, in Phoenix, we have been especially hard hit and many dentists have gone out of business. (Something that was unheard of just a decade ago.) For these individuals times aren’t so great. I believe it is proper to recognize and sympathize with these individuals.
On the other hand over 90% of Americans do have jobs and they can easily afford everyday technology that would have seemed like magic to our grandparents.
Adding technology to our dental practices is easier and less expensive that it has ever been. Don’t get left behind fretting about the bad times. It really isn’t all that bad.
These amazing and inexpensive new technologies, which have improved all our lives, have not come about as a result of the careful management of the economy by the government. They are the result of entrepreneurs working in a free market.
My personal belief is that medical and dental care would follow the same pattern if left to the market. I also believe that technology will play a very significant role in this process.
When measured in what is ultimately most important—the “time cost” of goods—that 1964 stereo equipment was actually very, very expensive