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Steve Bosserman

Work In Retail? There's A Robot Getting Ready To Take Your Job - 0 views

www.fastcompany.com/...getting-ready-to-take-your-job

robotics retail employment

shared by Steve Bosserman on 20 May 17 - No Cached
  • Wilson says cashiers–74% of whom are women–are likely to the first overtaken by the automation wave. Also likely to be affected are retail salespeople, who may not be needed as shoppers increasingly consult their phones for information about sizes, colors, and availability. “Smartphones have all kinds of information about the products you want to buy, so the need for salespeople is considerably less,” he says.For example, Bloomingdale’s has tested smart fitting rooms with wall-mounted tablets allowing customers to scan items and view other colors and sizes and receive recommendations to “complete the look.” Home Depot says four self-checkout systems occupy the space of three normal aisles and obviate the need for two human cashiers. Amazon’s Go concept stores have no cashiers at all, enabling shoppers to pay for everything through their phones.
Bill Fulkerson

New Potential Credit Risk Bombs: Exotic, 'Nonlinear' and Private Transactions | naked c... - 0 views

www.nakedcapitalism.com/...inear-private-transaction.html

capitalism markets risk

shared by Bill Fulkerson on 08 Nov 17 - No Cached
  • Bill Fulkerson on 08 Nov 17
     
    "The large point is that this development is a sign of how desperate search for yield has become. In and of itself this "new" product appears not to be significant in aggregate terms, so in isolation it is not too alarming. But it is the sort of thing that can burn the unwary badly. If it becomes a meaningful-sized activty, the large-scale hazards go up too. Stay tuned."
Steve Bosserman

Millennials Are Screwed - The Huffington Post - 0 views

highline.huffingtonpost.com/...poor-millennials

economy inequality millennials

shared by Steve Bosserman on 17 Dec 17 - No Cached
  • Steve Bosserman on 17 Dec 17
     
    "It's tempting to look at the recession as the cause of all this, the Great Fuckening from which we are still waiting to recover. But what we are living through now, and what the recession merely accelerated, is a historic convergence of economic maladies, many of them decades in the making. Decision by decision, the economy has turned into a young people-screwing machine. And unless something changes, our calamity is going to become America's."
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