Consider the big picture, as we…ve laid it out in previous issues of Trends:
꼑 The population of the developed world is rapidly aging.
꼑 The United States is the only advanced nation where the workforce is forecasted to grow over the next 50 years.
꼑 The populations of the EU and Japan are actually expected to shrink over that time period.
꼑 Even China is rapidly aging and the size of its workforce will peak around 2025.
꼑 At the same time, Latin America, India, the Middle East, and Africa all have young, rapidly growing populations of under-utilized workers and under-served consumers. |
Back in 2001, something strange happened in the world of patent law. Microsoft, which had been fighting a lawsuit by Priceline, suddenly gave up. The suit, filed in late 1999, claimed that Priceline had patented its “name your own price” auction strategy, and that no one else could use it without a license from the company. Microsoft had been using a similar strategy on its Expedia travel site and had been arguing in U.S. District Court in Connecticut that the auction method was too obvious to be patented. |