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Messages - klg14
« on: Today at 04:56:37 PM »
Amazon wants to kill the supermarket checkout line.
The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets. It's the latest sign that Amazon is serious about shaking up the $800 billion grocery industry.
At the new store, which opened Tuesday in Amazon's hometown of Seattle, shoppers scan a smartphone app to enter the store. Cameras and sensors track what's taken off shelves. Items are charged to an Amazon account after leaving.https://abc7.com/5967779/
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« on: Today at 02:13:57 PM »
So what did Keynes get wrong about the modern workweek?
To answer that, Zarghamee pointed us to another seminal economist, Thorstein Veblen, who developed the concept of “conspicuous consumption,” the idea that people don’t just care about how much money they have, but about how much money they have relative to everyone else.https://www.marketplace.org/2020/02/27/keynes-15-hour-work-week/
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