America’s ‘Retail Apocalypse’ Is Really Just Beginning

Re:America’s ‘Retail Apocalypse’ Is Really Just Beginning by gr3yh47 on Wednesday November 08, 2017 @12:04PM (#15654340)

to take your statement a step further than just retail, I'll say that the entire economy is effectively largely dependent on people spending money. Which is why trickle-down economics has been not working at all for at least a few decades and yet somehow this is still the resoning for tax plans.

the idea being that the 1% who has 90% of the country's wealth needs a little more to create jobs (from thin air)

whereas the truth is that people spending money is what will create jobs

it's such a shame

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Re:America’s ‘Retail Apocalypse’ Is Really Just Beginning by ashark on Wednesday November 08, 2017 @12:13PM (#15654421)

"Trickle down" has never made any sense to me. Maybe it's different at big companies, but at small ones 100% of the hiring I've observed goes something like this: "uh oh, we have[1] more business coming in than we can handle, better hire!". Never, ever "welp, we have extra cash, better hire for... uh, some reason". Extra money without an actual need to hire more workers might go into marketing or sales, but only to a (lowish) point.

[1] Usually "we have", but sometimes "we anticipate".

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Re:America’s ‘Retail Apocalypse’ Is Really Just Beginning by wmeredith on Wednesday November 08, 2017 @12:28PM (#15654595)

It makes more sense if you're one of the oligarchs. I mean, not the logic of the argument, but the reasons for supporting it ;)

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