Would You Give Up The Internet For A Million Dollars?
How much would someone have to pay you to give up the Internet for the rest of your life?
This is not a silly question since the number of Internet users worldwide has surpassed two billion and with so many having seamlessly integrated the web into everyday life, it may be tough to quantify how much it’s exactly worth to an individual. But, the free market group, Fund for American Studies gave it a shot, asking passersby, “Would you give up the internet for a million dollars?”
To prove how vital new technology is to the economy, host Michelle Fields poses the question and so does Southern Methodist University professor, Michael Cox to his students, but both found few takers of the proposal. Beyond giving up the internet, the video questions how much people are willing to pay for new devices. In the past, computers cost millions of dollars, cell phones cost thousands, and cameras cost hundreds, but their prices have fallen drastically due to competition to create the best, most cost-efficient products.