A bill collector is someone responsible for the recovery of debts of a company such as an insurance firm. And while other careers are said to be less in demand in the succeeding years; the forecast for this career is said to increase until year 2014. The reason behind this outlook is that cash flow in companies will continue to be tighter due to the increase of debts. People are seen to be more struggling with their finances and are more likely to end up in debt as well.
In such a situation, a steady cash flow becomes increasingly important for both the survival of companies and individuals. The interconnected fate of each is undeniable, and the increasing importance of the role of bill collectors in companies becomes unquestionable.
This turnout brings about an increase in the demand for lending institutions, and more companies are also now offering their own credit card schemes to accommodate the limited spending power of the consumer market. And this is another instance where the demand for bill collectors is seen as an essential workforce to keep the said industries alive and running.
Among the industries dependent on a steady supply of bill collectors, hospitals and medicine practitioners' offices are said to be among the fastest growing in its demand for such services. With insurance return unable to cover the medical expenses fully, these offices are going after the patients for the unsettled payments.
However, this problem is not exclusive to healthcare alone. In fact, government agencies are also depending more and more on their bill collectors for unpaid settlements in various services like child welfare, taxes and the like. And even the Internal Revenue Service (IRS) is said to feel the pressure to follow up on unpaid debts.
The only threat to the forecasted growth of employment on this career is the emergence of offshore collection agencies. These outsourced services are often cheaper alternatives to in-house collection and are also said to produce a higher turnout in debt recovery in some cases.
The interesting factor and the irony of it all is the success of bill collectors in this foreseen growth in their employment in relation to economic patterns. Undeniably, this growth in the field of debt recovery is due to the steady increase of economic recession. And in reality, the more financially challenged people are the less they are able to pay their debts. Therefore, the bright future of bill collectors does not necessarily bring about a bright future for the consumer markets nor does it ensure better debt recovery; in fact, the opposite holds true.
In our increasingly wired world digital video is beginning to make it's mark on our society. Being of the generation that has watch the personal computer grow from the Commodore 64 of the eighties to the powerhouse machines of today, it is interesting to watch how the internet, and particularly online media is changing the way we entertain ourselves.
It is estimated that close to fifty percent of people below the age of 33 watch videos online at least once a week. Many of them turn to the internet more often than that for their viewing needs. This push towards online video is changing the way people watch movies, television, and the way they stay up to date with current events. It is also changing the way companies advertise and the media industry as a whole. It is estimated that online video advertising, a $121 million market in 2004, could become a $2.9 billion industry by 2010.
With these changes have come issues with copyrights, bandwidth, even internet addition has become a problem for some in the wired world of today. It is all a part of our changing society. With any change there comes problems, but it is looking towards the future that everything starts to come together.
What is the future for online video?
I think that over the next couple decades we are going to see the media world push all video media online. Cable television will become a thing of the past, and your video signal will come through your internet connection. Most likely to your wireless flat panel screen that is on your living room wall. The technology for a lot of it is already developed or under development.
Products like the Nintendo Wii which, along with being a gaming device, allow users to connect to the internet are already beginning to move us forward. Instead of watching the nightly news you can now choose which news you want to watch on your television using the Wii and devices like it. One of Apples new creations, Apple TV, allows users to wirelessly send purchased movies or television shows to their TV from their digital video collection on their PC. It is with technology like this that we begin to move towards the future of media consumption.
Last year some big players in the movie industry started a digital rental/purchase website. The site Movielink -- a joint venture including some of the biggest names in the movie world -- offers users digital rentals or purchase of a huge selection of movies. It isn't the first site of it's kind (and probably not even the best), but because of who owns it, it shows how the media industry is beginning to accept that traditional media delivery is no longer enough.
With the explosion in popularity of online, video fueled by websites like YouTube, it will be interesting to see what is to come. In the next few years I think we are going to see even more change than that which has taken place with online video thus far.
Both Tristan Andrews & Tyler James Ellison are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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