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by jbester
5280 days ago
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Obsolete is a strong word. What happens in these industries is that they get split into the high-end (organic farming, small order manufacturing) and the mass-production low-end. Yes in many ways margin have fallen but overall production has gone up, way up. That being said - retail seems to be our generation's victim.
In the last decade, we've replaced media consumables with digital equivalents. This alone has mostly killed music, book, and movie rental stores. It's not just retail stores but retail services - tax prep, insurance, and financial services. Some of this took place in the 90's, but it continued in the 00's and it will continue in the 10's. |
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I was hoping to drive home the point that while coding is the "it" thing right now, eventually someone will build a framework that makes having a technical background moot (similar to the power YouTube has given to the home movie producer or music artist).
I think you may be right in regards to the retail prediction. Amazon is going to continue to absorb the majority of retail sales, especially as baby boomers (the highest spending demographic in history) completes the retirement cycle and diminishes disposable income in the market.