E-COMMERCE is KILLING RETAIL and THAT’S OK – part 2a

Although e-commerce had just 8% of 2016 retail sales, it came at the expense of Sears, Macy’s & other “anchor tenants” that draw foot traffic for smaller stores.  Amazon will create 100,000 warehousing and other jobs in the next 18 months, NEW YORK TIMES reported that online retailing “has destroyed many times the number of positions at malls and shopping centers across America.”  But Henry Ford “destroyed” lots of jobs – such as blacksmiths, buggy makers, etc., but they moved on and USUALLY UP.  MORE COMING IN PART 3.