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RE: Retail Death Spiral Continues
I just read somewhere that Jeff Bezos said that in the future the majority of people will be working for Amazon. I live near a distribution center that just opened up and starting wages are barely 75 pennies over min wage. Pretty sad since you'll be working for the richest man in the world.
The rich don't get rich by paying the highest salaries to the lowest workers.
Also, Amazon charges both buyers (Prime) and sellers (FBA or FBM) so they are making money both ways.
I think Jeff Bezos is overly optimistic. Something better is always just around the corner. It was almost literally just yesterday when it was Walmart taking over the world.