“Retail has long been a source of both low-skill entry-level jobs and well-paid careers. Yes, people love to browse and stroll down the mall or shopping district, and this social/novelty function will continue. But can retailers make money off of people browsing? If retail contracts, what does this do to skyhigh commercial property valuations? The same can be asked of cubicle-farm office parks. As telecommuting and contract labor expand, the need for energy-wasting office parks and long commutes will also decline. What all this calls into question is the entire financialization (debt-based)-consumerist model of ‘growth’ and employment.”
http://charleshughsmith.blogspot.com/2012/09/the-inevitable-decline-of-retail.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Gadget to stop driver distraction could become compulsory
Unique institute unites capitalists who want to save the world
MLB will soon use fingerprints, facial recognition instead of tickets
Yahoo Files for Alibaba Spinoff, Though Tax Issues Linger
Europe takes on Apple, Facebook, Google and Amazon
Citi Economist: Abolish Cash To Enforce Negative Interest Rates
Russian Authorities Raid German Foundations and NGOs
Taiwanese gov. blows up fishermen with supersonic missile
Britain fights EU's 'Big Brother' bid to fit every car with speed limiter
U.S. 'conferring with allies on potential punitive strikes'
China moves to purge Internet of porn, rumors and, critics say, dissent
Unicorns Hunt for Talent Among Silicon Valley’s Giants
Follow-the-Data Fed May Play Follow-the-Markets to Avoid Shock
Target stores attacked by pornographic pranksters
Homeland Security seizes pilot's helicopter for flying on revoked license