Earlier quoted context omitted.
Couldn’t find Gini going back that far, but other measures of inequality show we’re below that of the 1930’s. And interestingly, the poverty rate is near a century low. https://www.chartbookofeconomicinequality.com/inequality-by-...
Look at the poverty curve again. We basically have made zero progress on the poverty rate since the 1970s and actually are drifting higher. Yet from our technology base, and continuously rising productivity, it really should be easier than ever to ensure everyone has shelter and food, and yet homelessness is exploding right now too.
Amazon’s quest for more, cheaper products has resulted in a flea market of fakes
401–403 of 403 posts
Re: Amazon’s quest for more, cheaper products has resulted in a flea market of fakes
#402My favorite Amazon scam is the Amazon Ship of Theseus[0]. You sell a product, normally a cheap electronic, and build up a decent corpus of positive reviews. A good example is a USB-C cable or something. Then you decide you want to sell a new product in a more competitive subcategory, like Bluetooth Headphones. You then take the _existing_ listing and change it piece by piece. First the pictures, then the title, then…
Thanks, I like the convenience of amazon but will be cancelling my membership this weekend and just use walmart or something else. It is $120 a year and I'm tired of it. I have seen cases where my pricing was higher than non-prime members for the same item/seller, going to same address.
It's like Amazon has spent their savings from having relatively no infrastructure expenses (stores, parking lots) on an inventory of pure crap, like Nieman-Marcus selling their stores and moving completely online, only to start selling cheap underwear and Ed Hardy tees.
Re: Amazon’s quest for more, cheaper products has resulted in a flea market of fakes
#403It's the same as Wish and all the other "third-party" online marketplaces. They don't give a shit because they're making so much money from the "unsuspecting consumer" segment.
Most people using Wish are well aware of what they’re buying and how authentic it is.