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The "Retail Apocalypse" Is Officially Descending Upon America
....Another reason retail brick and mortars are failing is the growth of e-commerce. Between 2010 and 2013, visits to shopping malls declined 50%, according to data from real estate research firm Cushman and Wakefield. Meanwhile, online sales from huge online outposts, like Amazon, have exploded.
Elon Musk: Automation Will Force Governments to Introduce Universal Basic Income
... displacement due to automation isn’t just limited to transportation, it will sweep across a number of industries, and Musk argues that the government must introduce a UBI program in order to compensate for this. “I don’t think we’re going to have a choice,” he said. “I think it’s going to be necessary. There will be fewer and fewer jobs that a robot cannot do better.”
originally posted by: 727Sky
Yep the world is changing... One thing about Asia it is so hot and so few have air conditioning on any hot day the malls are full with window shoppers !
Buy or Sell on Alibaba
...When headlines announced in September 2014 that Alibaba was the largest IPO in U.S. history, most Americans and many U.S. businesses had never heard of the company. With sales greater than Amazon and eBay combined, the Chinese e-commerce company is surprisingly just beginning to attract the attention of established U.S. retailers and aspiring entrepreneurs alike.
Founded in 1999, Jack Ma’s company is now claiming 80% of online sales in China. The international business-to-business (B2B) site connects suppliers with buyers— both businesses — across the globe on a single marketplace platform. Suppliers manufacture and sell products in bulk to buyers, typically businesses looking for inventory for their companies. The company also operates other Alibaba e-commerce sites, Taobao and Tmall. Unlike the main Alibaba site, Taobao is a C2C site, similar to eBay; and Tmall is B2C site comparative to Amazon.
originally posted by: soficrow
originally posted by: 727Sky
Yep the world is changing... One thing about Asia it is so hot and so few have air conditioning on any hot day the malls are full with window shoppers !
Interesting that the biggest online retailer is China-based Alibaba then!
...
Not. The corporations do everything they can to maximize profits, returning savings to the owners pockets, not passing them off to you the consumer.
Who can build a better guitar than Gibson or Fender?
originally posted by: olaru12
a reply to: Revolution9
Who can build a better guitar than Gibson or Fender?
I love my Strat and Mockingbird but they usually stay in the case. I gig with a Korean, plywood Kay. It sounds as good as any Martin or Taylor and I love it.
My favorite music store is now empty and vacant and I now buy all my gear on line.
By the way, it's the Republicans that killed the Unions; Just more profit for the Corporate Oligarchy. See the pattern now?
originally posted by: soficrow
Just a quick reminder. Robotics and automation aren't just taking peoples' jobs in mining, manufacturing, food service, the professions and transportation. There's a Retail Apocalypse hitting America - and who knows how many jobs are being lost?
The internet automates shopping online - people like it - and humans need not apply. Visits to malls declined by 50% between 2010 and 2013.
"More than 3,500 stores are expected to close across the US in the next couple of months. Department stores like Macy's, Sears, and JCPenney, and retailers including BCBG, Abercrombie & Fitch, and Bebe have all been forced to close up dozens of stores. ...Sears plans to shutter 108 Kmart stores and 42 Sears stores by April. Macy's is closing 68 locations in early 2017. JCPenney is closing 138 stores early this year. Wet Seal is closing all 171 locations. Crocs is closing 160 locations." And the list goes on.
Truth be told, there aren't going to be many jobs for people soon. ...Then what?
Elon Musk says automation will force governments to introduce Universal Basic Income (UBI). But will that do the trick?
The "Retail Apocalypse" Is Officially Descending Upon America
....Another reason retail brick and mortars are failing is the growth of e-commerce. Between 2010 and 2013, visits to shopping malls declined 50%, according to data from real estate research firm Cushman and Wakefield. Meanwhile, online sales from huge online outposts, like Amazon, have exploded.
Elon Musk: Automation Will Force Governments to Introduce Universal Basic Income
... displacement due to automation isn’t just limited to transportation, it will sweep across a number of industries, and Musk argues that the government must introduce a UBI program in order to compensate for this. “I don’t think we’re going to have a choice,” he said. “I think it’s going to be necessary. There will be fewer and fewer jobs that a robot cannot do better.”
originally posted by: Revolution9
a reply to: soficrow
There will be no choice but to have Universal Basic Income if technology continues to replace humans in the work place.
Interesting times we live in. How then will we be able to justify some having thousands of times more resources than others? INGSOC? Communism? Brave New World?
Haile Selassie once wrote that there have not been any books written to help us or instruct us because this has never happened before in the whole of our history, that we will have to be very bold and keep our wits about us as the world comes together and at the same time changes technologically.
This is the time when we need visionaries and new thinkers. That means EVERYBODY! Give evolution every chance to use all of its human assets.