5 ms·
That's a bit of a misleading stat since most consumer spending is on stuff like housing/transportation/food/utilities.
by shalmanese 9y ago
That's a bit of a misleading stat since most consumer spending is on stuff like housing/transportation/food/utilities.
- adventured 9y agoThat's not misleading at all. That's how consumer spending is measured. How would you go about explaining that water, electricity and food are not consumption goods, but an iPad is?
- OJFord 9y agoIt's misleading here because it has nothing really to do with Alibaba or Amazon; of course there are differences in cost of living in the USA and China, the interesting figure here is online spending, or luxury spending, etc.
- pwinnski 9y agoIt's misleading because nobody is buying water or electricity or paying rent on Alibaba today for 11.11. Comparing apples to apples would mean comparing the amount spent online in the U.S. with a single company. Even comparing apples to pears would mean comparing all online sales in the U.S. to Alibaba 11.11 sales. Comparing all "consumer spending" in the U.S. with Alibaba 11.11 sales is, well, it's misleading.