Yes but coal mining!
This is an alarming read about how growing online consumption, retailer debt, and rising interest rates threaten an even greater retail employment disaster, something we must address with new opportunities.https://www.bloomberg.com/graphics/2017-retail-debt/ …
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What, you don’t believe in the Soviet “oversupply creating more demand” economic model?
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Economic sectors evolve as technology takes hold. Amazon makes very little money from retail sales (most of the time they lose money) due to slashing margins to gain marketshare. They cannot do this forever, and at some point the govt will start asking antitrust questions.
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Would argue that the bigger issue is the erosion of the middle class. Dollar stores booming as well as high end retail. JC Penny and Sears closing.
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The only way banks can keep this low interest gravy train going is by keeping Americans awash in debt. Even if it’s unsustainable. Bubble will burst again.
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Corporations won’t pay people more, but banks will issues reckless debt.
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Maybe we can get rid of strip malls and see our landscape again.
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Frankly, I feel that retailers should offer discounts in store but little to none online. Also, Amazon backlash will happen.
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You mean like killing the middle class by not giving them living wages because they're the real job creators? Strong middle class = high demand. The 1% will only buy a few iPhones and clothing. Not enough to stimulate the economy. Tax cuts do not translate to more jobs
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