Some of the links below are affiliate links. If you choose to make a purchase we may earn a small commission at no additional cost to you.
The economy is something that peppers always have their eyes on. Many times we look at markets to get a grip on what is happening to the American economy.
How are house prices, oil prices and those types of things? The retail world is suffering. 100 plus store closings at J.C Penny’s retailer as well as some of the other retailers.
David Stockman, the former Reagan official, predicted this and he predicted Donald Trump would be president.
He was correct about Trump winning the election as well as various other economic moves like the current market fix. His claim is that retail sales and things in that market will grind to a halt. This is very important information when you are keeping an eye on possible signs of an economic collapse.
Why is this happening in American, the land of the consumer!
You have to be prepared to deal with the fact that online shopping has taken over. 20 years ago you would have laughed at someone if they told you to put your credit card information online. Now it’s just how most of us do business.
Amazon can bring products to your door in a matter of hours now. They are hyper-efficient and that is what people are looking for. We want instant gratification from our retailers. If we dont have to leave the house, even better!
The other terrifying thing about this the reality of automation. Now, you might think that automation is coming, but it’s already here! Yes, we are shaving employees on a regular basis because tech is getting better and fewer people are needed.
Automation is coming for many more jobs but you have to understand that retail is taking the hits as we speak.
If you are working in retail, it might be a time to start thinking about a new career or a backup source of income!