Retail margins: 20-80%
Amazon is directly helping poor people by cutting out the greedy middlemen between them and essentials.
Retail margins: 20-80%
Amazon is directly helping poor people by cutting out the greedy middlemen between them and essentials.
That's actually not a good thing. Something is seriously wrong if we don't value efficiency. Having many separate retail shops creates massive inefficiencies, especially for commodity products.
Amazon can get most products to my house at near lowest market rates in a day or two. Sometimes the same day.
The problem isn't Amazon, it's our reaction to this newfound efficiency. We're eventually going to end up in a place where having humans doing most work is objectively worse than having robots do it.
What we're doing now can't sustain, but going back to a pre-Amazon model of retail is not a viable path forward.
Also, working retail sucks. We should be glad when it dies entirely.