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Also, Teens Don't Need To Hang Out When They Can Do It On TikTok And Snapchat
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Online shopping is why malls are empty, right? Obama economic advisor Austan Goolsbee has a different take: He thinks that malls were doomed not by online retail but because people are paying more of their income for services, from health care to streaming video. Less to spend on what traditional retailers sell. Plus, what they ARE spending on goods is going to big box retailers like Walmart and Target. And he's warning Amazon and other online retailers that they're next in line for a fall. Think he's right? (New York Times)
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