Saturday, July 07, 2012
I was buying something at the Apple store recently and was told that I did not need a sales clerk to 'check out'. There is now an app for this. I found my item, scanned and paid for it with my iPhone, and walked out without any intervention. I even asked the black security guard how he knew I was not shop-lifting, whereupon he instantly pulled up my name and picture of my purchase on, you guessed it, his iPhone.
Expect to see this capability in all retail stores soon - along with more double-digit black unemployment. It's called disintermediation when middle channel jobs go away due to whatever the reason - technology, globalization of labor, etc. - you name it. It is the process of squeezing out every penny of cost from the goods we just can't live without.
Blacks, as the lowest educated/skilled demographic (of size) in this country, are unemployed at minimally 2x the national average, and well beyond the reach of the Congressional Black Caucus, President Obama, or Bill Gates/Warren Buffet. Add to this the carte-blanche that US financial institutions have been given to exploit black financial ignorance (via financial deregulation), and you get one unmitigated economic and social disaster, with no end in sight!
James C. Collier
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