lefsetz letter
The Great Con - Lefsetz Letter
Did you read Farhad Manjoo's article in yesterday's "New York Times"? If you get your package via drone, and the costs drop as distribution becomes more efficient, not only do all those delivery people lose their gigs, and the people in the warehouse, which runs on robots, too, but so do the people in physical retail, which can no longer compete. Sounds good, very efficient, BUT WHERE IS EVERYBODY SUPPOSED TO WORK! The good news is you can have instant access to products at a cheap price. Been to a mall recently?