If applications that use artificial intelligence help us all to use less, share more, recycle things for others, will this affect retailers and retailers due to the decrease in consumption? Will you avoid all the discarded waste, the underutilized things that we buy and own? Many believe it will. Let’s take the sharing economy companies with popular applications; Lift, AirBnB, NetJet, Uber and other similar concepts. Many corporations that build or manufacture vacation homes, hotels, cars and corporate jets are worried about their future, they see opportunities but also reduced volume, loss of economies of scale, general reduction of the “pie” even if they get a larger portion of that cake (Market Share) in that future.
If everyone shares cars, planes, extra rooms, then of course; fewer rooms will be rented and airplanes and cars will be bought. Of course, this has economic implications, for example, manufacturing and hospitality jobs. Still, it brings efficiency to consumers, therefore less waste, lower costs (due to trade-in) and that is a positive plus for quality of life and a higher standard of living – no need to buy an expensive car, share a car with others, or buy a corporate jet, share instead. It makes sense (pennies) right, no, it actually makes dollars.
In fact, the same new communication technology to bring buyers and sellers together; Artificial intelligence applications also make it easier for consumers to shop, and since consumers enjoy shopping, this leads to more purchases, more spending, and more consumerism. More consumerism means more redundancy, more waste, right? Sure, when capitalism accelerates its exchange efficiency through digital money transfers, instance purchases, immediate delivery, we find more abundance due to increased ease of exchange.
So, on the one hand, we have a threat to jobs and big changes in industries and certain sectors of our economy due to our new applications and mobile technology for smartphones, and on the other hand, we have a tool to help sell more. things, faster. and generate more revenue and lower costs, allowing corporations to enjoy increased equity and quarterly earnings while transferring some of those savings at lower prices to consumers.
When consumers buy more things, their homes fill with more garbage and each year a part of the group donates to local thrift stores. So we should see more items being purchased through customer rewards programs and apps from certain sellers who have perfected that game. Okay, we should be on the lookout for a lot of cheap consumer goods made in China popping up in thrift stores in droves. While larger items like cars, airplanes and timeshares will decline over the next two “YES” decades these current trends continue. Consider all of this.