The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: Elroy Jetson	8/14/2020 1:47:15 PM
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Based on the retail sales report we can expect a big decline in productivity in the future as labor-intensive jobs are rehired. The big offenders among the low productivity industries that have stubbornly resisted automation including restaurant, hotels, airlines, cruise lines, and brick and mortar stores. These businesses with relatively low sales per worker will drag down American productivity as they eventually reopen, appearing to harm the American economy. Currently we're enjoying an economy focused on highly automated e-commerce and sales of imported electronics and appliances - with total sales GDP as high as pre-pandemic levels. It's hardly a surprise that productivity (sales / employee compensation) has boomed. This is great news for AMZN and RH shareholders, but not such great news for the deadwood collection or waiters, pilots, hotel and retail workers.

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