The Lex Column in this weekend's Financial Time ran a small snippet about US Cable Companies, namely about how the phenomenon of "cord-cutters" is making investors uneasy (Comcast reports to have lost 119,000 in the 3Q alone).
One quote, in particular, struck me - "There are a few problems with the consumer-as-surgeon thesis, though. For a start, it relies on the early adopters of technology, who are generally rich..."
A proud cord-cutter since 2006, I am certainly not rich. And most of the people I know without cable aren't either; they are young, technologically savvy or forced-into-thrift via the recession.
One quote, in particular, struck me - "There are a few problems with the consumer-as-surgeon thesis, though. For a start, it relies on the early adopters of technology, who are generally rich..."
A proud cord-cutter since 2006, I am certainly not rich. And most of the people I know without cable aren't either; they are young, technologically savvy or forced-into-thrift via the recession.
Do you think early adopters are "rich"?