I agree, if you are in the business of manufacturing good in an emerging market such as you have pointed out there are massive increases in the size of the market. These generally occur over a longer period of time and only after the entire industry has changed. Every emerging technology is the same, dvd players, mobile phones, microwave ovens, TV's ballpoint pens...
These changes are longer term. It takes the market some time to respond to the drop in prices and then the manufacturers some time to respond to the increased volume to drop prices again and so on...
I felt this situation was purely discussing the short term ramifications of the actions. There's no doubt with a strong management team who clearly seem to be pioneering new technology, in time will need more staff than they did before the initial technology was implemented. |