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The Amazon Economy

January 2nd, 2018 · No Comments

  • Amazon undoubtedly brings efficiency to the shopping process, but there is a considerable price to pay for this.
  • By monopolizing online market access, it forces most other online sellers to either join Amazon or become irrelevant.
  • Amazon increasingly owns the underlying infrastructure of commerce, and this gives it ample opportunity to tilt the playing field in its favor.
  • Another shadow side is that this is eroding local businesses, choice, economic dynamism and community in large parts of the US.
  • And while the consumer experience is seamless, the labor model that Amazon uses isn’t very attractive, its wages are low and employment conditions uncertain.

Source: The Amazon Economy –, Inc. (NASDAQ:AMZN) | Seeking Alpha

Tags: AMZN · Economy