Loading...
Title : "In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..."
link : "In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..."
"In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..."
"... and almost all of that was through traditional retail stores. Today, food eaten outside the home and in it accounts for 10 percent of spending and clothing just 2.4 percent. Economists debate theories of why we have shifted to services and away from goods but no one questions that it has happened."From "Never Mind the Internet. Here’s What’s Killing Malls/Yes, the internet has changed the way we shop. But taken together, other factors have caused greater harm to traditional retail stores, an economist says" (NYT).
The article doesn't say, and I haven't done my own research, but what are the "theories of why we have shifted to services"? My guess is that we just have a lot more income, so we have more left over after we buy the food and clothes we need (or want). Also, clothes have gotten much cheaper, especially if you consider the move away from dressing up and toward rugged, generic casual clothes (like jeans and T-shirts).
If you put things in terms of proportion of money spent, it exaggerates how little we spend on food and clothes. When people were poorer, they still had to eat and cover their bodies. Nevertheless, there's a question what we do with our extra money, and retail stores would like us to bring it to them.
Good for us if we don't! What the hell were we doing all those years poking around in shops, looking for crap to bring home with us? See? I reversed the question, so it's not why aren't we doing that anymore but why did we ever do that?
Loading...
"... and almost all of that was through traditional retail stores. Today, food eaten outside the home and in it accounts for 10 percent of spending and clothing just 2.4 percent. Economists debate theories of why we have shifted to services and away from goods but no one questions that it has happened."
From "Never Mind the Internet. Here’s What’s Killing Malls/Yes, the internet has changed the way we shop. But taken together, other factors have caused greater harm to traditional retail stores, an economist says" (NYT).
The article doesn't say, and I haven't done my own research, but what are the "theories of why we have shifted to services"? My guess is that we just have a lot more income, so we have more left over after we buy the food and clothes we need (or want). Also, clothes have gotten much cheaper, especially if you consider the move away from dressing up and toward rugged, generic casual clothes (like jeans and T-shirts).
If you put things in terms of proportion of money spent, it exaggerates how little we spend on food and clothes. When people were poorer, they still had to eat and cover their bodies. Nevertheless, there's a question what we do with our extra money, and retail stores would like us to bring it to them.
Good for us if we don't! What the hell were we doing all those years poking around in shops, looking for crap to bring home with us? See? I reversed the question, so it's not why aren't we doing that anymore but why did we ever do that?
From "Never Mind the Internet. Here’s What’s Killing Malls/Yes, the internet has changed the way we shop. But taken together, other factors have caused greater harm to traditional retail stores, an economist says" (NYT).
The article doesn't say, and I haven't done my own research, but what are the "theories of why we have shifted to services"? My guess is that we just have a lot more income, so we have more left over after we buy the food and clothes we need (or want). Also, clothes have gotten much cheaper, especially if you consider the move away from dressing up and toward rugged, generic casual clothes (like jeans and T-shirts).
If you put things in terms of proportion of money spent, it exaggerates how little we spend on food and clothes. When people were poorer, they still had to eat and cover their bodies. Nevertheless, there's a question what we do with our extra money, and retail stores would like us to bring it to them.
Good for us if we don't! What the hell were we doing all those years poking around in shops, looking for crap to bring home with us? See? I reversed the question, so it's not why aren't we doing that anymore but why did we ever do that?
Thus articles "In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..."
that is all articles "In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..." This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article "In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)..." with the link address https://welcometoamerican.blogspot.com/2020/02/in-1920-americans-spent-more-than-half.html
0 Response to ""In 1920, Americans spent more than half their income on food (38 percent) and clothing (17 percent)...""
Post a Comment