High-End Vending Machines Take "Cut Out the Middleman" to An
Posted: Tue Apr 28, 2009 12:50 am
High-End Vending Machines Take "Cut Out the Middleman" to Another Level; Turning Japanese
High-End Vending Machines Take "Cut Out the Middleman" to Another Level
http://finance.yahoo.com/techticker/art ... LuN1NLyKIk
US Employment by industry and occupational group
http://www.bls.gov/news.release/ocwage.t02.htm
Retail trade .....................| 15,642,700 |
[
That’s a gigantic number of jobs on the capital-techno-chopping block, which in turn feed back into global aggregate demand.
Great example of how each individual capitalist in order to reduce costs and maximize profits on an enterprise-basis erodes the purchasing power of their markets as a whole, and accentuates the overall tendency of the rate of profit to fall.
In this regard, like many others, the US is playing catch up with Japan, which I remember from when I lived there in 1985, it was already selling not only cigarettes and soda, but also coffee and tea, magazines, batteries, underwear, calculators, beer, and many other things via vending machines. Back then the machines seemed almost fun as they had lots of flashing lights and music, and had a slot machine/pachinko machine aspect to them as there was a chance that if the pattern of lights ended on a certain pattern you would win something.
Americans may one day look back fondly at the “good ole days” when retail giants like Walmart had almost a make-work like approach of employing elderly and handicapped greeters at the door, and had workers who could advise you which aisle where you could find something.
]
High-End Vending Machines Take "Cut Out the Middleman" to Another Level
http://finance.yahoo.com/techticker/art ... LuN1NLyKIk
US Employment by industry and occupational group
http://www.bls.gov/news.release/ocwage.t02.htm
Retail trade .....................| 15,642,700 |
[
That’s a gigantic number of jobs on the capital-techno-chopping block, which in turn feed back into global aggregate demand.
Great example of how each individual capitalist in order to reduce costs and maximize profits on an enterprise-basis erodes the purchasing power of their markets as a whole, and accentuates the overall tendency of the rate of profit to fall.
In this regard, like many others, the US is playing catch up with Japan, which I remember from when I lived there in 1985, it was already selling not only cigarettes and soda, but also coffee and tea, magazines, batteries, underwear, calculators, beer, and many other things via vending machines. Back then the machines seemed almost fun as they had lots of flashing lights and music, and had a slot machine/pachinko machine aspect to them as there was a chance that if the pattern of lights ended on a certain pattern you would win something.
Americans may one day look back fondly at the “good ole days” when retail giants like Walmart had almost a make-work like approach of employing elderly and handicapped greeters at the door, and had workers who could advise you which aisle where you could find something.
]