Home/Tag: technological change

The Demise of Black’s Photography

After 85 years, Black's Photography, one of the largest Canadian retail photography chains, went out of business in August 2015. As the Globe & Mail reported, Black's was a "victim of a fast-changing digital industry and high-quality smartphone cameras and Instagram posts." This is a classic example of Joseph Schumpeter's [...]

The Demise of Black’s Photography2015-12-12T22:43:36-05:00

Robot Chefs Taking Over China’s Noodle Bars

There is an engaging video about the noodle-shaving robots described in the Economics Out There on p. 66 of Economics for Life: Smart Choices for You? Besides being fun, it has some interviews in Chinese (with English subtitles) which have been popular with my Chinese-speaking students. Play the video and [...]

Robot Chefs Taking Over China’s Noodle Bars2020-05-08T17:34:31-04:00