Reflections on the Times

February 1992
Information Today;Feb1992, Vol. 9 Issue 2, p6
Trade Publication
This article reflects on the trends in the information industry in the U.S. The country is still in recession, thousands of people are out of work and each day brings new reports of layoffs and economic cutbacks. The information industry is no exception, layoffs and budget cuts are the order of the day. The information industry has not been spared during these tough economic times and neither have its people. Many libraries and information centers have been faced with downsizing, several corporate libraries have been almost abolished, and in some cases, even public libraries have had to cut their hours of operation as well as their budgets. Providers of electronic information have not escaped unscathed either. The online segment of the industry has been particularly hard hit. The one industry bright spot is that CD-ROM seems to be holding its own. Users feels constrained by what they consider unfair pricing, while producers feel constrained by the high cost of producing. But producers and vendors are struggling with tough economic times as well.


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