Yes, exactly. Cash in consumers hands “trickles up.” Always. It’s basic supply chain 101. Giving money to large companies does not trickle down to workers. It just fills the pockets of rich people who do not invest it in new jobs. They just buy back shares of their own companies’ stocks and do whatever they can to make money. All while the average consumer struggles to pay bills or buy anything to live.
When the mall opened in my state, I went and never been so scared. Too many people, half wearing mask, no social distancing. Now my city is among the top 5 that had an increase in cases of covid. I fear more deaths will come when winter comes. We as a species haven't learned.
I have only been out 2 times while the rest of my family have been to the beach and roam the streets! I’m so happy I moved far away from selfish people!
They won't because the corrupt dogs who are CEO/billionaire will make an excuse why it will cost to much to make product in the west. Funny part is their profit is raising crazily but the ones who get richer are the billionaires but you know them, always making excuses like tim cook for not bring jobs back.
We need a more holistic view of the economy and it’s health. We see that consumer spending has been growing without stop but that’s the only KPI/Metric we care about. This leaves aside the repercussions of creating all these new products, does not consider if we actually need them or the harm that they creat to the planet.
I am curious if the decrease in auto sales could be connected to the idea some remote workers may elect to keep working remotely after economies fully re-open?
Is WSJ gone off the rails? @0:42 "when consumer spend more... manufacturers produce more and order more raw materials... so the economy tends to run smother." Whose economy, Chinese, Bangladeshi? When was the last time anyone at WSJ looked at where their retail purchases are made? Other than cars and food, I have not seen anything made in this economy.
Oh, and the safety of the labor input, how operating in the face of death galvanizes labor solidarity, also not mentioned. Certainly not running away from the godless capitalist stereotype, I see.
I wonder if the country will ever locked down again. Say the pandemic gets much worse in a few months. I bet there are some states, politicians, business owners, and leaders are willing to "let a portion" of the country needlessly die off for a stable economy. At this point, we should throw morality and ethics out of the window and just focus on "the bottom line" from now on.
Retail spending has been harmful high for decided while real economic value creation has been well below it's potential. Making stuff people don't need and manipulating them into buying it with money they don't have is great for GDP, but that's because GDP is a misleading metric based on incorrect ideas.
If there are no jobs to be had then there is no money to be spent, this could be solved with a permanent UBI system to at least make sure the economy doesn't go under as bad.
It's a great waste to display various product in expensive mall, the only meaningful function is to show demo for customers to try on, to touch, to feel.
Western shoppers want to buy the item that day or buy online. Since most merchandise is made overseas stores in US lack the ability to make in house so lead time becomes unacceptable. If the lead time of several months is acceptable, why pay shopkeeper when ordering from Taiwan or China merchant?
He is one in a million, best among many, most trusted , I almost gave up on trading then I met him through a friend, Austin is the most trusted trading expert who helped the life of my family and I ,
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Yes, exactly. Cash in consumers hands “trickles up.” Always.
It’s basic supply chain 101.
Giving money to large companies does not trickle down to workers. It just fills the pockets of rich people who do not invest it in new jobs. They just buy back shares of their own companies’ stocks and do whatever they can to make money.
All while the average consumer struggles to pay bills or buy anything to live.
Heh, that is the reason why chinese millionaires run to North America to keep their wealth rather than 'contribute' their earnings with the people.
Giving money to rich people... GOOD.
Giving money to poor people... BAD.
Do you think anybody is listening comment right on
@@CarFreeSegnitz communism for the rich....capitalism for the poor
Crazy how much Americans spend
why people in your country roam around naked? they don't buy cloths?
I know it’s amazing how during the shutdown most people didn’t have at least 3 months worth of savings. Makes you think 🤔
Europe jealous, Asia too
Lockon Stratos lol
Hector M. South America Middle East Africa Antarctica
When the mall opened in my state, I went and never been so scared. Too many people, half wearing mask, no social distancing. Now my city is among the top 5 that had an increase in cases of covid. I fear more deaths will come when winter comes. We as a species haven't learned.
I have only been out 2 times while the rest of my family have been to the beach and roam the streets! I’m so happy I moved far away from selfish people!
lothean that was Indiana right away right now even our diners and bars are open 😩
(We as a species haven't learned.) Can you share your evidence which correlates the mall practices to the apparent spike?
Retail recovery will never happen, unless governments & companies find ways to bring millions of jobs back.
They won't because the corrupt dogs who are CEO/billionaire will make an excuse why it will cost to much to make product in the west. Funny part is their profit is raising crazily but the ones who get richer are the billionaires but you know them, always making excuses like tim cook for not bring jobs back.
We need a more holistic view of the economy and it’s health. We see that consumer spending has been growing without stop but that’s the only KPI/Metric we care about. This leaves aside the repercussions of creating all these new products, does not consider if we actually need them or the harm that they creat to the planet.
And no one sees the problem of relying on consumption to support a country...
what else do you have? Germany & China rely on exports to ...oh, consumers.
I am curious if the decrease in auto sales could be connected to the idea some remote workers may elect to keep working remotely after economies fully re-open?
This is why we have the stimulus bills that will hopefully be a temporary fix to this low rate of spending.
i'd rather have a job.........
Agreed on both comments, but I think the cut off on who can get it is too low.
This is the same thing happened during the last depression in the US. Now just watch the investors making huge profit out of the consumers.
If retail sales is high because people us debt i think its stupid. I think we must focus on becoming frugal and intentional. We are not Human Buyings.
I’ve been seeing the mall video (at the end) a lot in wsj videos :-)
exclusive stock footages are expensive to license, you cant expect wsj to use public stock footages
Great to have some good hope that economy will be better! Hello from calgary, alberta canada!
1:19 does this graph account for inflation? Because that would make a huge difference between growth and stagnant
They should be selling online if not remember 21 st century skills come from 21st century sources.
Simple...
Big purchases will go down.. essentials spendings and smaller spending items will increase..
change the whole economy
A paradigm shift is needed to better re structure our economic activities...
Money printer goes: **BBRRRRRRRRRR**
What wallet was that?
thats why I'm here. Please reply quickly
So if we all go out and buy stuff, we can literally spend this recession away?
Why only Amazon? Monopoly?
It is backbone of any country GDP .
Great content! Awesome!
No one gonna talk about movie theatres and cinemas?
Is WSJ gone off the rails? @0:42 "when consumer spend more... manufacturers produce more and order more raw materials... so the economy tends to run smother." Whose economy, Chinese, Bangladeshi? When was the last time anyone at WSJ looked at where their retail purchases are made? Other than cars and food, I have not seen anything made in this economy.
That wallet is so cool, how can I get one?
Cool wallet
Thx
No mention of the 'Someone might die of I go shopping... this could kill me or my loved ones.'
Oh, and the safety of the labor input, how operating in the face of death galvanizes labor solidarity, also not mentioned. Certainly not running away from the godless capitalist stereotype, I see.
Which retail sell that kinda wallet?
I like that money clip though
wake up...recovery ? . doomed. 🌊🌐
You forgot firearms sales here in the US...
Actually there is not so big impact because we're shifting to online stores
Actually, the economy is based on foods
With so much non food items being imported the effect for national economy might not be that great.
yard sales
WSJ we demand an apology for your slander!
I wonder if the country will ever locked down again. Say the pandemic gets much worse in a few months. I bet there are some states, politicians, business owners, and leaders are willing to "let a portion" of the country needlessly die off for a stable economy. At this point, we should throw morality and ethics out of the window and just focus on "the bottom line" from now on.
What mall is that at the end
What Wallet is that
Retail spending has been harmful high for decided while real economic value creation has been well below it's potential. Making stuff people don't need and manipulating them into buying it with money they don't have is great for GDP, but that's because GDP is a misleading metric based on incorrect ideas.
WE buy stuff, you make money (Wall st )..... We don't buy stuff...... you're screwed.
workplace shifting everything change
Subtitle doesnt fit with voice 😟
The automatically generated one does fit, but someone put unsynchronised subtitles as default LOL
Just seeing a normal mall now makes me want to cry with joy.
Food oil internet
If there are no jobs to be had then there is no money to be spent, this could be solved with a permanent UBI system to at least make sure the economy doesn't go under as bad.
take my advice, buy house first
Houses are liabilities as much as cars.
Buy a cheap house that is low cost on everything and live in it! You'll thank me later!
@@Manbarrican Rent is a liability as well
@@Manbarrican not really, renting a room or two and picking a prime location that insure appreciation in value will make it more of an asset
It's a great waste to display various product in expensive mall, the only meaningful function is to show demo for customers to try on, to touch, to feel.
Western shoppers want to buy the item that day or buy online. Since most merchandise is made overseas stores in US lack the ability to make in house so lead time becomes unacceptable. If the lead time of several months is acceptable, why pay shopkeeper when ordering from Taiwan or China merchant?
Retail is my life
He is one in a million, best among many, most trusted , I almost gave up on trading then I met him through a friend, Austin is the most trusted trading expert who helped the life of my family and I ,
-+/1/5/3/0/4/2/8/5/8/70/W/h/a/t/s/A/p/p/< With> /
A/U/s/t/In/.
Good economy watermelon
Nothing new here but bla bla bla.
Bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla bla
pandemic increases retail sales profit
❤❤❤❤
This had no real info.
Second
Not very informative.
Garbage video, dosent give a clear state of the economy.