Much as in the Asian financial markets, the market for photojournalistic imagery has seen a steady decline. Teachers who do not have the needed knowledge in digital photography are finding it harder and harder to keep their positions, as students demand from their schools, to be taught all these new technologies. The ten thousand people at Kodak who have just been fired are yet another testimony that no one is immune to the changing realities brought about by the digital revolution. Not even Kodak. The price of digital cameras have come down rapidly and the quality has increased with each new generation.
Computers cost less and less with increasingly higher performance ratios.
Low cost printers being able to produce photographic quality prints was something that did not exist a scant five years ago. Video cameras that will offer interchangeable options of moving and still imagery at high enough quality to become of serious use are already here. All of this and much more is what the digital era has in store for us. Let us not forget that economic factors are driving all these transformations affecting the world of photography. These same issues are also driving many of the cultural transformations of how and where photography can and will be used.