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alstry (35.09)

Another 475 Brick and Mortar Retail Stores Closing

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August 24, 2011 – Comments (3)

It is simply getting impossible to compete with increasingly efficient online retailing.

The question is what are we going to do with all the people as jobs are increasingly replaced by technology?

NOT A SINGLE politician is addressing the issue of Zombulation...and all those Wall Steet funded economists keep telling you how great things are as they get paid with their taxpayer bailed out salaries....

http://www.orlandosentinel.com/business/nationworld/sns-bc-us--earns-collectivebrands,0,1149174.story

As we move deeper into the www.udderworld.com we are seeing a progression:

First humans hunted for food and water.....

Than humans grew their own food around water sources......

Later humans hunted for jobs to buy food and water....

Now as jobs increasingly evaporate inThe Cloud....what will humans hunt so they can survive?

Are you still watching the Computer/Technologically controlled ticker?

Alstry, an attorney and former investment manager, along with a recognized physicist specializing in failure analysis, would be more than happy to PUBLICLY debate either/both of the Gardner Bros. that we could prove mathematically their investment advice is essentially worthless in the current environment of algo driven markets.

...as a matter of fact, we would be able to prove mathematicallyANY investment advice is essentially worthless in the current environment....unless you were a computer colocated on the exchange floor trading the markets with advance knowledge of trade flow.

3 Comments – Post Your Own

#1) On August 25, 2011 at 1:21 AM, The1MAGE (75.37) wrote:

About 100 years ago people were worried about losing jobs because of all the machines that were being built.  Instead it created jobs for people to build, run, and repair the machines.

More recently there were worries about losing jobs because computers were going to replace everybody.  Result?  IT jobs, programming jobs, data entry jobs, computer repair techs.

Right now I do not see the "brick and mortar" businesses  vanishing, but I do see a big shift in how business runs.  These businesses will be best served by having both a presence in the real world and the virtual.

Maybe a retail store job will be lost, but there will be jobs created to fill those online orders.  Fed Ex and UPS may end up having to hire more people.

The single biggest job risk is to be inflexible.  One person may be upset he lost his job due to online retailers, while another decides to start an online retail store to replace his lost job.

Now as far as proving anything mathaematically, please do.  If it could be done, then do it.

This thinking is faulty though.  If something is being produced, there is money being made.  If not, then why is it being produced?  Production is creating money.  (Okay, actually value.)  Reality still works, the markets still work, wealth is still created.  Technology does not change this.  It only makes things more efficient.  (If it works right.)  

Technology has created thousands of eBay businesses.  Retailers are linking with Amazon and connecting with more customers then they ever could before, and with the face of a giant corporation as their face, and helping out the Mom and Pop store.

Don't fear technology.  It is just a tool.

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#2) On August 25, 2011 at 1:33 AM, alstry (35.09) wrote:

Actually....money is simply the means to obtain another's production, whether good or service..

Up until recently, production originally was from humans and later humans assisted by machines.  Now more and more production is increasingly done by machines with less and less human input...and some without any humans.

In the past few years alone, over 15,000,000 jobs have been lost DESPITE government running a $1.6 trillion dollar annual deficit...enough to pay 50,000,000 people over $30K per year.

I don't fear technology....it's intelligence is doubling every few years....much faster than humans.  The technological achievments are still in its infancy.  What I am concerned about is the human reaction when more and more humans are replaced by technology.

We live in a jobs based economy...humans need jobs to survive....humans hunt for jobs......when there are no jobs to hunt for....humans will hunt each other....mathematically....unless we change the system.

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#3) On August 25, 2011 at 1:42 AM, alstry (35.09) wrote:

Furthermore.....America's population was much smaller 100 years ago, in fact tiny relative to the present....so America, which was the primary beneficiary of the Industrial Age created much more jobs than were destroyed by the increased efficiency driven into Agriculture....

however, if you look at Africa and much of Asia....very few ever left the agricultural age over the past 100 years...until relatively recently.

The question now, as we proceed further into the Digital Age, as jobs are lost GLOBALLY....will America begin to resemble Africa as jobs are lost?

Detroit......Baltimore.....The Rust Belt.......

All of this despite a massive $1.6 trillion dollar deficit......mathematically.

 

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