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Politics : Ask Michael Burke

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To: Cynic 2005 who wrote (67813)9/16/1999 7:02:00 PM
From: AurumRabosa  Read Replies (1) of 132070
 
Goldman sees $1.5 trillion e-business market
SAN FRANCISCO, Sept 16 (Reuters) - Investment banking firm Goldman, Sachs & Co. Thursday said it expects a five-year $1.5 trillion boom in business-to-business e-commerce in industries ranging from automobiles to medical equipment.
blah blah blah...http://biz.yahoo.com/rf/990916/bbq.html

The benefit of e-commerce is that companies get to fire the people that used to answer the phones, manage customer accounts and handle orders. Now a computer will do their jobs and robots will snag the goods off the shelf, package, label, select the cheapest carrier and ship. The displaced souls can stay home and get rich day-trading Internet stocks. It also allows companies to shorten the just-in-time manufacturing cycle thus setting themselves up for a catastrophe if any of the robots in the chain run out of supply.
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