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Amazon has started their own delivery service, where they pay 1/2 of what UPS drivers earn, crappy insurance, no paid vacations or pension. In 10 years UPS & FedEx will be history and Amazon, with their government subsidies will have a virtual monopoly on the delivery industry.
To be fair, UPS/FedEx is an oligopoly and shipping costs are inflated for everyone because of their inflated cost structure and borderline-monopolistic pricing (Fedex and UPS don't have near identical operating margins by accident). Amazon coming in and breaking that up is very much a good thing, as long as they sell the logistics platform they are building to others (a la AWS) rather than just using the advantage to cement their control of e-retailing vertically. They are still paying reasonably well; it's just not teamsters extracting profits from the public via a duopoly well.
It's called free market enterprise, god bless America.
It's sad stores and businesses close, but that's life.
No one's forcing or should force customers to choose how they spend their money.
Fact is, Amazon provides exactly what consumers like myself love, convenience and price. Why waste gas and money and possible road rage and annoying customers, when I can comparison shop for what I want and have it delivered to my door step?
Amazon has started their own delivery service, where they pay 1/2 of what UPS drivers earn, crappy insurance, no paid vacations or pension. In 10 years UPS & FedEx will be history and Amazon, with their government subsidies will have a virtual monopoly on the delivery industry.
Exactly, and now everyone knows the real reason Jeff Bozo hates Trump because Trump wants to put a stop to the government subsidies. Can't allow that, subsidies to the richest Americans is what the left is all for and if you don't believe it then ask Bernie Sanders.
There was an overabundance of retail space anyway, the physical store will still be around, but instead of 15 minutes away, they will be 30 minutes away.
Online shopping is great, a selection that no physical store can compete with, and do not have to deal with the jerk-offs in the world that go to these places, nor deal with the lines, crowds, and traffic to go there.
There was an overabundance of retail space anyway, the physical store will still be around, but instead of 15 minutes away, they will be 30 minutes away.
Online shopping is great, a selection that no physical store can compete with, and do not have to deal with the jerk-offs in the world that go to these places, nor deal with the lines, crowds, and traffic to go there.
An extra 15 minutes drive = True, Sustainable Fight for 15
Within five years Amazon will have little use for out-of-house long haul carriers and shortly thereafter, last mile services will be done mostly in-house as well. There are plenty of threads on CD with folks mentioning how UPS & FedEx are delivering fewer and fewer Amazon packages. What Amazon can't handle themselves is being shifted unfortunately to USPS.
That is exactly right, although both of them are up big over time.
But as Jim Cramer says, we don't care about where a stock has been, we care about where it's going.
Stores that sell clothing and shoes will always be around a lot of people just do not want to buy that stuff online.
Also a lot of stores will price match Amazon a lot of people do not know this apparently. I still buy things at Best Buy and like going there.
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