Business

The 'no card, no checkout' cashless culture is going to hurt the homeless and elderly

The 'no card, no checkout' cashless culture is going to hurt the homeless and elderly

In 2018, online retail conglomerate Amazon opened its first GO store to the public โ€” the first real example of a cashless store in action, sparking off a wave of inspiration for the likes of Everlane at their NYC location, the Samโ€™s Club Now store in Dallas and even United and Delta ticket counters at airports. But โ€˜cashless cultureโ€™ will have repercussions for the homeless and elderly โ€” two groups of people who are more likely to be without a bank account and therefore, less likely to have access to a credit or debit card to pay.

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Experts are concerned that Amazon is becoming a monopoly and Prime Day is proof of it

Experts are concerned that Amazon is becoming a monopoly and Prime Day is proof of it

Yesterday was Amazon Prime Day, the e-commerce giant's fictitious summer shopping holiday that draws millions of its loyal subscribers to purchase products at a discount and even more people to sign up for the service. The day is a big deal to shoppers but is worrying to critics โ€” the company sells so many different products and attracts millions of loyal shoppers that it invented its own version of Black Friday, dictated that businesses have to offer discounts on that day and forced other companies, such as Walmart and eBay, to follow suit.

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