Gentleman Jack
Member
How do you combat a problem caused by consumer preferences for convenience and low prices?
I don't even understand how that applies here
People freaked out about the Steam Engine putting people out of work too.
But that's not the end!
Walmart, Grocery Stores, Best Buy- they're not going to all up and disappear! Competition is good!
Its impossible to compete with them.
In the next 10 years there's probably going to be a solid argument for breaking them up.
Oh no, someone is providing a service to people at a low cost! The horror!
True. During my time there, we did everything internally and I mean everything. Or you damn near tried your best to lol. Creating and getting things done internally is a huge part of the company DNA.How different is this really from any of the other massive companies in our history that may not fully be a monopoly, but dominate large swathes of things?
In this case, I think Amazon has done a lot of this themselves rather than acquiring competitors and taking over previous areas (like media orgs, large banks, telcom companies, etc). I've never genuinely seen a case where this is ever in the interest of the consumer.
This paints a very grim picture but I also remember 15+ years ago a ton of people ringing the alarm bells about Walmart and how they were going to put every other super market out of business and such and now? Walmart doesn't really scare people anymore.
In xx amount of years some other online commerce store will likely raise up to challenge Amazon.
Once one competitor reaches a certain size, they can wield advantages that others can't reasonably be expected to ever overcome. Amazon's supply chain is a massive weapon.
How do you combat a problem caused by consumer preferences for convenience and low prices?
People freaked out about the Steam Engine putting people out of work too.
One fascinating thing is that companies like amazon, facebook, etc have been unable to get into China. They only let their own internal companies build up, pretty much every middle/upper class chinese person uses a phone and this app that lets you buy just about anything (with 1-2 hour home delivery in most cities), order food, get a taxi, online dating, the equivalent of facebook/snapchat/instagram/twitter, everything. Its pretty crazy, like a centralized database that knows EVERYTHING about you. Last I heard they actually have two - WeChat and Alibaba.
Thats probably much more likely our future, similar to a lot of the 90s cyberpunk novels and movies I could see a future in which corporations essentially take over the place of government and dictate everything about the way you life your life.
It's not just that, if you're a third party selling through Amazon there's a point where Amazon can make more money cutting you out, either by introducing a competing product (Amazon Basics) or getting your suppliers to agree to sell an identical product directly to them.
It's easy for them to figure out when they have access to all the data.
we've seen this story before. 20 years ago it was Wal-Mart. 20 years from now it will be some free energy company.
I agree that UBI is necessary, the male labor force participation issues are only going to get worse and we need far greater flexibility and mobility for our workforce going forward.Yes, but the issue of technology now is it's not extensional -- to extend man's means of labor in the system -- but to usurp them.
Furthermore, the Industrial Revolution created 70 years of disruption. That's an expansion of precarity, of poverty, and displacement. Let us not look at the past lightly: change is violent because our ideas of living and survival are so limiting and so imposing that any uprooting is an act of violence.
This is one reason we need UBI. A floor means the loss of a job is not a loss of life, and this idea is still the entire problem.
Explains a lot of your political views.
Amazon is so large that they can starve out any competitor. Even if your supply chain was on point, it wouldn't reap the scale benefits Amazon gets.
I agree that UBI is necessary, the male labor force participation issues are only going to get worse and we need far greater flexibility and mobility for our workforce going forward.
The scarier issue: does college reform actually fix a larger problem emerging at the bottom end w/ permanent displacement of a subset of workers?True, but that also requires education reform. Should people be told to pick a noose when it comes to wanting to get ahead in life? Why make this type of learning an act of punishment? Costs and debt become the noose.
UBI, UHC, and college reform are the "triforce" we need. Good luck with the GOP.
The steering of customers to Amazon's own products or FBA despite lower offers has been going on for several years by now. Don't know why it's listed under "2016".
How do you combat a problem caused by consumer preferences for convenience and low prices?
Read this a few days ago, and it does indeed paint a very grim picture. The death of brick and mortar is going to be catastrophic both economically and socially. I remember a few people here basically laughing at the idea of malls still being around, and as much as I hate them, online shopping is an even worse phenomenon.
The fact that they still get to operate tax free in so many places is mind boggling. And I'm not even going to touch on Bezos having the WaPo on top of Amazon.
Like Walmart their investments are now paying back to the point you can't win at their game. But remember how they started, by playing a diffent game.
The US has an issue in rural areas where the need to house people there has just ceased to exist. It's a ghost-town issue on a mass scale.I think America especially will suffer. The UK spends a higher share of retail spend online than the US but it has a 1/7th of the b&m store space per capita. A lot of the uk retail space can naturally change to office, bars/restaurants or housing.
I don't know that is the case in the US.
It's all fine & danty to act like a selfish jackass when you're not at the receiving end of all the bad shit that Amazon does. But consumer choices can have really damaging consequences to a lot of people, buying from Amazon moreso than a lot of other options.Oh no, someone is providing a service to people at a low cost! The horror!
The scarier issue: does college reform actually fix a larger problem emerging at the bottom end w/ permanent displacement of a subset of workers?
Educate people of the wrongdoings of Amazon and hope as many of their customers as possible pick fairer options instead of saving a few bucks. It's not like that kind of tactic doesn't work. A lot of people will still continue being selfish/cheapskates but there is a portion of the public who do try to make more conscious, ethical choices, even if it costs them more.
Holy shit, HALF of all American households have a Prime account? $99.00 x 125 million = 1.2 billion. In Prime subs alone. Every year. Wow.
This paints a very grim picture but I also remember 15+ years ago a ton of people ringing similar alarm bells about Walmart and how they were going to put every other super market out of business and such and destroy the very fiber of the communities they popped up in and now? Walmart doesn't really scare people anymore.
In xx amount of years some other online commerce store will likely raise up to challenge Amazon.
Like Walmart their investments are now paying back to the point you can't win at their game. But remember how they started, by playing a diffent game.
So they evaded more taxes than their net profit for the year? Lol.
This company sometimes seems like a giant bubble. They barely produce any profit, just lots and lots of sales.
Imagine being in Europe and the rest of the world ( except China ), and watches US tech companies basically stroll to dominance / monopoly while being helpless.
Buffet is not wrong to say the best place to be born is America but at the same time what tech companies bring is an even more lopside inequality of wealth and influence to a shrinking crowd. Basically he's right but your kids chance of moving up the social ladder in future is fast diminishing.
They have enough influence to force the USPS to deliver on Sunday. Think about that.What has Amazon's effect been on USPS/ups/etc?
Oh no, someone is providing a service to people at a low cost! The horror!
There's also the fallacy that people are saving money by using prime.
$100 a year for shipping is a lot. I wouldnt be paying for it if it wasnt sharable.
And when you remove that $100 per year subscription a lot of things on Amazon cost more there than elsewhere. People act like amazon is always the best deal but little grocery and household items are almost always more expensive on there.
But once you're hooked in with the sub fee then you tend to buy things there, even if they cost a little more than the local stores because you paid $100 for free shipping.
It's a weird thing.
The value of that shipping also depends on where you live and you don't have to spend $100 a year on Prime... I'll have spent $22 by the end of the year and that's basically four trips to "the city" for me.There's also the fallacy that people are saving money by using prime.
$100 a year for shipping is a lot. I wouldnt be paying for it if it wasnt sharable.
And when you remove that $100 per year subscription a lot of things on Amazon cost more there than elsewhere. People act like amazon is always the best deal but little grocery and household items are almost always more expensive on there.
But once you're hooked in with the sub fee then you tend to buy things there, even if they cost a little more than the local stores because you paid $100 for free shipping.
It's a weird thing.
It's not just about the free shipping nowadays.There's also the fallacy that people are saving money by using prime.
$100 a year for shipping is a lot. I wouldnt be paying for it if it wasnt sharable.
And when you remove that $100 per year subscription a lot of things on Amazon cost more there than elsewhere. People act like amazon is always the best deal but little grocery and household items are almost always more expensive on there.
But once you're hooked in with the sub fee then you tend to buy things there, even if they cost a little more than the local stores because you paid $100 for free shipping.
It's a weird thing.
They have enough influence to force the USPS to deliver on Sunday. Think about that.
I didn't say anything about charity or Patreon/Kickstarter. Just that buying cheap from supermassive companies like Amazon is actually really harmful in a large scale in a multitude ways. So unless someone is dirt poor, maybe people should try making more ethical consumer choices that maybe make for a tiny bit better world for everyone/most people involved than being hellbent on saving those few dollars while others suffer. Paying 14$ instead of 10 for some monthly/weekly purchase is a small difference for most people with half-decently paying jobs, but can be an impotant & noticeable difference to the people actually producing that stuff.Charity is not sustainable. We can't Kickstart/Patreon everything. Hell even Bezos said as much about the Washington Post, they had to ask for something reasonable (subs) for the work they did instead of begging people to turn off ad blockers, and it worked.