Online sales are only projected to account for about 12% of retail in 2020, and retail is only a small percentage of the overall economy. >If it allows more pe

Online sales are only projected to account for about 12% of retail in 2020, and retail is only a small percentage of the overall economy. >If it allows more people to buy iPhones then most of the jobs created by that is made in China Only a small part of the value of an iPhone is captured by China. Not much of it goes to the local economy either, but luxury electronics are also a small fraction of the economy. Dining out, groceries, retail, housing, transportation, entertainment, travel, child care, home repair, cell phone repair, medical care etc... the local economy captures a large percentage of all of those.