Welcome to Rye Country Day's Economic Blog. Here you will find perspectives by students taking Economics at Rye Country Day School. It is meant to be a forum where students can openly express their ideas and take positions on relevant economic issues. I urge everyone to participate in presenting their own ideas in an open manner so that we can all learn from each other. Regardless of whether you are currently taking Economics, everyone is invited and encouraged to comment on articles and get involved. Feel free to e-mail me, Alex Osborne at firstname.lastname@example.org , with comments or suggestions.
Wednesday, January 17, 2007
Featured Entry - Google CEO: Free Cell phones for all if…
I recently read a document about Google CE0 Eric Schmidt and how he predicts that in the near future cell phone prices will be reduced significantly, possibly to the point of being free. Schmidt believes this because of the increase in big business advertising which has taken place over the last few years. This document sites a statistic which says that the average person spends at least 10 hours a week on the phone. Because of this cell phones have become the newest target for the spread of advertising. However, despite all this it will be hard for a phone to become free because the companies that sell them don’t want to lose that profit. I feel that advertising will most likely drop the prices, but not as significantly as people would think. Still any drop in price is a win for the consumer.