Despite promises to hire 1,600, study says Amazon will drain jobs from local economies

Date: 27 Jul 2017 | posted in: Media Coverage, Retail | 0 Facebooktwitterredditmail

ILSR co-director and Amazon report co-author Stacy Mitchell was interviewed for Michigan Radio‘s StateSide radio program with the prompt that Michigan will be receiving jobs from the corporate giant. How should Michiganders feel about offering incentives to a company like them.… Read More

Visa Boldly Ushers in the Cashless Future (Where Everyone Uses Visa)

Date: 13 Jul 2017 | posted in: Media Coverage, Retail | 0 Facebooktwitterredditmail

Slate‘s Henry Grabar covers a new development by Visa to eliminate cash payments at brick and mortar businesses, here’s our contribution: “According to a 2016 survey of independent retailers conducted by the Institute for Local Self-Reliance, the median share of revenue spent on swipe fees was 3 percent. Small businesses pay more in swipe fees than they make in profit in many cases, ILSR co-director Stacy Mitchell said, meaning that the banks and payment companies make more money from those businesses than the owners do. Not surprisingly, the survey found strong support for a federal cap on swipe fees, which add up to more than $50 billion a year for U.S. retailers.”… Read More

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