"People are really stupid."Really?It's stupid to support your local economy?What a self-centered jerk.I try to buy at stores whenever I can.When I must buy online,I do so knowing that my purchase is taking money from small business owners and salespeople.Online shopping has gutted the retail industry,which used to provide a lot of jobs for recent college grads and those without a degree.Now what will those people do?Between outsourcing,insourcing,and online retail,this country will have no jobs.
There's plenty of reasons: Weakly-encrypted or un-encrypted customer info stored on weakly protected or insecure servers of service providers or product distributors might be 1 big reason. Expensive shipping and handling is another. Hopefully, the more these issues get ironed out, the faster consumers will make the move to online shopping.
i do buy online, but i prefer to buy in a store. i want to test and know what i am purchasing before i part with my hard earned cash. if that makes me stupid.....so be it.
This was non-informative, declarative and obviously bias. I do not like any of those things, and I don't think anybody else does unless they didn't know what any of these things meant.
People dont buy online yet because we still want to see hear feel smell the product in person before we purchase. This video is 'PR' to get people to buy online.
I buy online, but I make value judgements. Some stores in my neighbourhood make it easy to return goods or complain, for example, but online it can be a nightmare. Not least when there is no phone number or business address. People do what they do because it works for them. As a wholw, online retailers will get a bigger customer base through earning it.
One reason I buy at brick & mortar the things that I can buy online is that I find it slightly unethical to kick the tires at the brick & mortar and buy it online. There's something wrong about using Best Buy as the showroom for some shmuck web front end drop-shipper. Buyers should either act entirely on the experience they get from the web front end, or they should reward Best Buy for making the sale.
First, you say it as if it were valid, but it's not.
Second, it works both ways - people get informed about a product online all weekend long and then go buy at the b+m, because their staff is cringingly incompetent.
I live in a veery large city, and wasted an entire day trying to get a fairly standard sports gadget - I literally went everywhere, just to prove my point - I wanted to have it the same day. >> Wasted day, expenses, total failure. Got it online then.
@Baerchenization It's valid for ME and only when the B&M is used as the showroom. On your 2nd point: most retail web sites offer zero or near zero information about the product beyond what they've been given by the OEM, so you may get informed "online", but not by a single site and maybe not even by the site itself but by reviewers. Finally, I said "one reason". There are other reasons like instant gratification. There are also reasons I buy things online, like local availability.
This video is noninformational. Things it should have had: discussion of WHY people don't buy online, such as: Shipping & handling is expensive, people sometimes get the wrong item shipped to them but in person that would only rarely happen and it would be their own fault, fraud, needing to set up accounts, and because groceries are usually bought in person for several reasons such as freshness and cost.
What an arrogant stupid little prick. He wasn't aware of the proportion of commerce taking place on the net, so he clearly had given the resulting question any thought, and yet he's more than willing to verbalize a knee jerk insult I would expect from my 10 year old nephew. "People are super stupid" PEOPLE ... are ... SUPER ... STUPID. How insightful ... he must think he is. No ability to shut up for 10 seconds and ponder... could there possibly be a single non-STUPID explanation?
@JJLatBIM I'm fairly sure his "super stupid" comment was intended to be taken lightly. The audience chuckled, but you seem to have taken his comment way too seriously!
@BlackJacketJones I think the audience reacted viscerally, not because they thought that he was joking. From his body language and tone, I think that was his honest gut reaction. I would have laughed too, partially because I'm there hoping for some insight from someone sitting on the dais and THIS is what he offers. He's sitting up front, presumably as a guest speaker of some kind, and the moderator felt it was reasonable to pose this question of him. Clearly the moderator was wrong.
@fos4242 Maybe not, but between the time it took to think of "people are super stupid" and dead silence followed by some insight, I'll take the dead silence. If so much of his thoughts weren't occupied with how cool he is, it wouldn't take very long to wonder aloud with something like, "I wasn't aware of that figure, so I'm not sure if it's high or low. Is that 5% of all consumer transactions including things like a Starbucks coffee or a cab ride? And is that 5% by volume or by dollars?"
@JJLatBIM On the second time of viewing the clip I realized how annoying the guy is lol. But I mean, this is not the worst thing someone could watch on TV. These are people talking about markets, and although they are wrong about their assertions, they at least make some attempt at figuring them out. He is in a sense right about people being irrational when it comes to making financial decisions though, and for that exact reason the net will never be the biggest market for consumer goods
@fos4242 Oh, don't get me wrong. This is no where NEAR as bad as say...any pseudo-reality show. I would rather watch and dissect and critique the worst thing these guys are saying than hear a single syllable from someone called Snookie(?) or The Situation(?).
People make irrational and rational decisions on both sides. As an e-commerce guy, he should try figure out what his company and the internet can do fix rational objections and quell irrational objections.
I prefer buying online for most merchandise. Why? Click, click, click. Pick up at the post office a couple days later. No hassle with transportation to and from brick and mortar stores.
The barriers to why online shopping is not bigger than is should be is the language, if you look most websites are in Mandarin and other languages/Countries India German, I buy electronic chips and things from countries that have other languages on their website. I understand most people that speak english as their first would be put off from purchasing from a website with a foreign language no matter how trustworthy they are.
I buy online because I can get everything from retro stuff to some old French wine; Nowadays I couldn't buy such things if I came to a standard shop however to buy needed things I buy near the local market were things are a bit more expensive but at least fresh and good.
Online purchases are part of what is destroying the workforce. An item purchased at a brick-n-mortor store will likely pass through the hands of 10 or 15 people on its way to you. By contrast an online purchase likely only passes through 5. Of course while online prices can be better that that of a brick-n-mortor it is not that much better. As the trend progresses unemployment will rise the economy will fall and ultimately all but a few executives lose.
@chrisose That same argument was put forward then they started using machines to automate production lines. It hasn't come true of course - people found other things to do, some of those things being science and education to help better the human condition, others being frivolous things we 'want' rather than need. How is this situation different?
With the advent of machines in production there was a job to 're-educate' into, management or maintenance of the machines. Of course now many of those machines have been replaced with overseas labor that is cheap and available in an almost inexhaustible supply. This has ultimately lead to the decimation of many areas of the country who's economies relied on manufacturing.
What did many people find to do? Be unemployed. Get tossed out of their homes. Live "frivolous" lives on the street.
Not everyone can be a manager or executive. Many are not cut out to be scientist or great inventors. The education that "helps to better the human condition" should be completed by the time a person leaves primary school. No one should have to be in school into their mid twenties in order to have the slightest change at a decent paying job.
Time to stop worrying about saving a couple pennies on something and spend your money locally to help the person next to you.
Moving a large part purchases to online stores is just another version of outsourcing. We are already in a situation where there are not enough decent jobs to go around, closing down local merchants is just going to make the situation worse.
@chrisose If you look at the numbers we in Australia don't have problems with unemployment (5%) - it's the lack of protections for the poor in the US that causes problems there. If you're not cut out to be a scientist, great - go be a writer, or a painter, or some other form of artist. Not creative? There's HEAPS of work in construction in Aus (and it pays really well too). I'm also all for Gov. funded community employment programs.
You are obviously not a part of the unemployed, because to them it is a problem.
There are plenty of working class jobs to be had in the US the problem is that the modern meme is that these jobs are not worthwhile, that the people who have them are somehow substandard. It is part of the marketing that says in order to be "successful" you have to have a college education and be making a big salary. This is part of the justification for outsourcing jobs. It's BS to cover greed.
@chrisose I am unemployed actually. From a society point of view you need an unemployment rate above 4% to allow companies to quickly expand to hire from that pool, and keep useless people out of work.
We have proper unemployment benefits in Australia BTW.
it's only 5% because people are afraid of their card numbers getting hacked. I know my computer acts a little funny sometimes and I'm not about to test it.
One idea why is because much of the older generation still have reservations about internet security. Which, quite frankly, is reasonable. I remember years ago trying to get my dad to pay for something online and he flat out refused when it would have had to be done by credit card.
Whenever online purchasing does increase, I have a feeling it will be through companies like Paypal securing transactions and ensuring protections/insuring accounts.
@waitwhatwasthat My 70 year old parents buy stuff online too! There's no way it's only 5%, especially when online sales are putting big box stores like Best Buy out of business.
"People are really stupid."Really?It's stupid to support your local economy?What a self-centered jerk.I try to buy at stores whenever I can.When I must buy online,I do so knowing that my purchase is taking money from small business owners and salespeople.Online shopping has gutted the retail industry,which used to provide a lot of jobs for recent college grads and those without a degree.Now what will those people do?Between outsourcing,insourcing,and online retail,this country will have no jobs.
elzakrasz 1 month ago
There's plenty of reasons: Weakly-encrypted or un-encrypted customer info stored on weakly protected or insecure servers of service providers or product distributors might be 1 big reason. Expensive shipping and handling is another. Hopefully, the more these issues get ironed out, the faster consumers will make the move to online shopping.
interestingperson121 1 month ago
what a stupid clip.
i do buy online, but i prefer to buy in a store. i want to test and know what i am purchasing before i part with my hard earned cash. if that makes me stupid.....so be it.
TheFrustratedAtheist 1 month ago
who are these queers and most importantly why am I watching this garbage? stop littering youtube with dumb shit, faggots!
dr1345 1 month ago
You're watching "Economics" with Robert Pattinson. The time is now February 2, 2015 (hours and minutes not available due to nuclear fallout).
Rarae192 1 month ago
The guy speaking was way to excited. Red flag.
soloeinhander 1 month ago
This was non-informative, declarative and obviously bias. I do not like any of those things, and I don't think anybody else does unless they didn't know what any of these things meant.
popsilol 1 month ago
People dont trust the internet to give them the things they need
garywhinton 1 month ago
People dont buy online yet because we still want to see hear feel smell the product in person before we purchase. This video is 'PR' to get people to buy online.
macks7241 1 month ago
I buy online, but I make value judgements. Some stores in my neighbourhood make it easy to return goods or complain, for example, but online it can be a nightmare. Not least when there is no phone number or business address. People do what they do because it works for them. As a wholw, online retailers will get a bigger customer base through earning it.
AussieMaleTuber 1 month ago
One reason I buy at brick & mortar the things that I can buy online is that I find it slightly unethical to kick the tires at the brick & mortar and buy it online. There's something wrong about using Best Buy as the showroom for some shmuck web front end drop-shipper. Buyers should either act entirely on the experience they get from the web front end, or they should reward Best Buy for making the sale.
JJLatBIM 1 month ago
@JJLatBIM
First, you say it as if it were valid, but it's not.
Second, it works both ways - people get informed about a product online all weekend long and then go buy at the b+m, because their staff is cringingly incompetent.
I live in a veery large city, and wasted an entire day trying to get a fairly standard sports gadget - I literally went everywhere, just to prove my point - I wanted to have it the same day. >> Wasted day, expenses, total failure. Got it online then.
Baerchenization 1 month ago
@Baerchenization It's valid for ME and only when the B&M is used as the showroom. On your 2nd point: most retail web sites offer zero or near zero information about the product beyond what they've been given by the OEM, so you may get informed "online", but not by a single site and maybe not even by the site itself but by reviewers. Finally, I said "one reason". There are other reasons like instant gratification. There are also reasons I buy things online, like local availability.
JJLatBIM 1 month ago
This video is noninformational. Things it should have had: discussion of WHY people don't buy online, such as: Shipping & handling is expensive, people sometimes get the wrong item shipped to them but in person that would only rarely happen and it would be their own fault, fraud, needing to set up accounts, and because groceries are usually bought in person for several reasons such as freshness and cost.
TheLonelyImmortal 1 month ago 16
@TheLonelyImmortal Did you only watch this video or the 42 minute long one on their website?
RivieraKid34 1 month ago
What an arrogant stupid little prick. He wasn't aware of the proportion of commerce taking place on the net, so he clearly had given the resulting question any thought, and yet he's more than willing to verbalize a knee jerk insult I would expect from my 10 year old nephew. "People are super stupid" PEOPLE ... are ... SUPER ... STUPID. How insightful ... he must think he is. No ability to shut up for 10 seconds and ponder... could there possibly be a single non-STUPID explanation?
JJLatBIM 1 month ago 15
@JJLatBIM I'm fairly sure his "super stupid" comment was intended to be taken lightly. The audience chuckled, but you seem to have taken his comment way too seriously!
BlackJacketJones 1 month ago
@BlackJacketJones I think the audience reacted viscerally, not because they thought that he was joking. From his body language and tone, I think that was his honest gut reaction. I would have laughed too, partially because I'm there hoping for some insight from someone sitting on the dais and THIS is what he offers. He's sitting up front, presumably as a guest speaker of some kind, and the moderator felt it was reasonable to pose this question of him. Clearly the moderator was wrong.
JJLatBIM 1 month ago
@JJLatBIM Yea I bet people would be highly interested in watching people sit and ponder about things.
fos4242 1 month ago
@fos4242 Maybe not, but between the time it took to think of "people are super stupid" and dead silence followed by some insight, I'll take the dead silence. If so much of his thoughts weren't occupied with how cool he is, it wouldn't take very long to wonder aloud with something like, "I wasn't aware of that figure, so I'm not sure if it's high or low. Is that 5% of all consumer transactions including things like a Starbucks coffee or a cab ride? And is that 5% by volume or by dollars?"
JJLatBIM 1 month ago
@JJLatBIM On the second time of viewing the clip I realized how annoying the guy is lol. But I mean, this is not the worst thing someone could watch on TV. These are people talking about markets, and although they are wrong about their assertions, they at least make some attempt at figuring them out. He is in a sense right about people being irrational when it comes to making financial decisions though, and for that exact reason the net will never be the biggest market for consumer goods
fos4242 1 month ago
@fos4242 Oh, don't get me wrong. This is no where NEAR as bad as say...any pseudo-reality show. I would rather watch and dissect and critique the worst thing these guys are saying than hear a single syllable from someone called Snookie(?) or The Situation(?).
People make irrational and rational decisions on both sides. As an e-commerce guy, he should try figure out what his company and the internet can do fix rational objections and quell irrational objections.
JJLatBIM 1 month ago
The people in thie video need to take a public speaking course. Or two.
Happilyperfect 1 month ago
@Happilyperfect Or need to know a little more about the subject at least.
shraka 1 month ago
I prefer buying online for most merchandise. Why? Click, click, click. Pick up at the post office a couple days later. No hassle with transportation to and from brick and mortar stores.
Yonnzy 1 month ago
The barriers to why online shopping is not bigger than is should be is the language, if you look most websites are in Mandarin and other languages/Countries India German, I buy electronic chips and things from countries that have other languages on their website. I understand most people that speak english as their first would be put off from purchasing from a website with a foreign language no matter how trustworthy they are.
cristoretornebiblia 1 month ago
I buy online because I can get everything from retro stuff to some old French wine; Nowadays I couldn't buy such things if I came to a standard shop however to buy needed things I buy near the local market were things are a bit more expensive but at least fresh and good.
gothicfan51 1 month ago
Everything I buy online arrives and doesn't look like it did online. Plus your marketing tactics make me sick. Worse than tv!
ctwatcher 1 month ago 2
What condescending prick.
Online purchases are part of what is destroying the workforce. An item purchased at a brick-n-mortor store will likely pass through the hands of 10 or 15 people on its way to you. By contrast an online purchase likely only passes through 5. Of course while online prices can be better that that of a brick-n-mortor it is not that much better. As the trend progresses unemployment will rise the economy will fall and ultimately all but a few executives lose.
chrisose 1 month ago
@chrisose That same argument was put forward then they started using machines to automate production lines. It hasn't come true of course - people found other things to do, some of those things being science and education to help better the human condition, others being frivolous things we 'want' rather than need. How is this situation different?
shraka 1 month ago
@shraka
With the advent of machines in production there was a job to 're-educate' into, management or maintenance of the machines. Of course now many of those machines have been replaced with overseas labor that is cheap and available in an almost inexhaustible supply. This has ultimately lead to the decimation of many areas of the country who's economies relied on manufacturing.
(cont.)
chrisose 1 month ago
@shraka
What did many people find to do? Be unemployed. Get tossed out of their homes. Live "frivolous" lives on the street.
Not everyone can be a manager or executive. Many are not cut out to be scientist or great inventors. The education that "helps to better the human condition" should be completed by the time a person leaves primary school. No one should have to be in school into their mid twenties in order to have the slightest change at a decent paying job.
(cont.)
chrisose 1 month ago
@shraka
Time to stop worrying about saving a couple pennies on something and spend your money locally to help the person next to you.
Moving a large part purchases to online stores is just another version of outsourcing. We are already in a situation where there are not enough decent jobs to go around, closing down local merchants is just going to make the situation worse.
chrisose 1 month ago
@chrisose If you look at the numbers we in Australia don't have problems with unemployment (5%) - it's the lack of protections for the poor in the US that causes problems there. If you're not cut out to be a scientist, great - go be a writer, or a painter, or some other form of artist. Not creative? There's HEAPS of work in construction in Aus (and it pays really well too). I'm also all for Gov. funded community employment programs.
shraka 3 weeks ago
@shraka
You are obviously not a part of the unemployed, because to them it is a problem.
There are plenty of working class jobs to be had in the US the problem is that the modern meme is that these jobs are not worthwhile, that the people who have them are somehow substandard. It is part of the marketing that says in order to be "successful" you have to have a college education and be making a big salary. This is part of the justification for outsourcing jobs. It's BS to cover greed.
chrisose 3 weeks ago
@chrisose I am unemployed actually. From a society point of view you need an unemployment rate above 4% to allow companies to quickly expand to hire from that pool, and keep useless people out of work.
We have proper unemployment benefits in Australia BTW.
shraka 3 weeks ago
@shraka
There are plenty of worthless people who have jobs and most of them have MBAs.
chrisose 3 weeks ago
@chrisose And how much better would it be if we just paid them to stay home? :P
shraka 2 weeks ago
Cause we don't want to feed your corrupt broken system
workingclasssociety 1 month ago
it's only 5% because people are afraid of their card numbers getting hacked. I know my computer acts a little funny sometimes and I'm not about to test it.
thecrooksareinoffice 1 month ago
Zero insight here.
tcorourke2007 1 month ago
Felt like a very terrible talk.
One idea why is because much of the older generation still have reservations about internet security. Which, quite frankly, is reasonable. I remember years ago trying to get my dad to pay for something online and he flat out refused when it would have had to be done by credit card.
Whenever online purchasing does increase, I have a feeling it will be through companies like Paypal securing transactions and ensuring protections/insuring accounts.
LibertarianINT 1 month ago
I'm sorry, but I can buy ANYTHING I need, ANYTHING, online. There's no way it's only 5%.
squirreljester2 1 month ago
@squirreljester2 you ARE the 5%
waitwhatwasthat 1 month ago
@waitwhatwasthat My 70 year old parents buy stuff online too! There's no way it's only 5%, especially when online sales are putting big box stores like Best Buy out of business.
squirreljester2 1 month ago
I am ... here!
MisterShizno 1 month ago