Friday, July 24, 2015

Amazon Bigger Than Walmart ???

Online retailers like Amazon apparently are clobbering in-store retailers like Walmart:

http://www.cnbc.com/2015/07/24/amazon-shares-surge-20-percent-market-cap-surpasses-wal-mart.html


It all makes sense. Walmart has lots of employees (associates?) who even with help from Congress still cost more than the robots Amazon uses and/or will use in its warehouses.


Q: Once all the $15 per hour jobs are gone, just who is going to be doing all this online shopping?


A: The one percent. The rest of us will be starving in the dark, dodging beanbag rounds and taser darts fired at us by eager policemen.

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