Is eBay Really Damaging The US Economy
Ebay is a juggernaut. Ever forward. However, it has become very apparent that ebay is seriously damaging the economy of the United States of America.
Here’s how: ebay started out as a venue in which people were primarily buying and selling pre-owned items until shortly later, businesses were selling new items. Thousands of new businesses cropped up and many of those businesses were importing their wares from the far east. A few years later, many ebayers now hail from the far east. Many of these companies are the same companies that were once supplying the US based companies. But now the US based ebayers cannot compete with their far east rivals due to shipping and customs fees. The higher markups are gone. Prices have fallen. And many of the thousands of businesses have dropped the prices of their products to below cost in order to liquidate inventory. This process in and of itself has had a profoundly negative effect on the US economy.
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