More Inequality: An Exploration of Potential Impacts of EFT on Stratification in American Society
New technologies such as EFT systems and related computer-communications systems are commonly thought of simply as more efficient (faster and/or cheaper) means of accomplishing existing tasks. However, to use some analogies, the automobile was not simply a more efficient horse; the space shuttle is not simply a faster blimp. Rather, these represent potentially ‘‘revolutionary” technologies which will probably lead individuals to doing new kinds of things: taking trips they would never have made with old technologies (such as a daily 50–100 mile commutation, not to mention trips to the Moon or Mars), or engaging in communications for purposes which simply would not have occurred with previous technologies.
KeywordsFinancial Institution Credit Card Financial Service Child Support Life Insurance
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