When people are poor or perceive their incomes going down, extreme low price and second hand goods stores flourish. During real good times they wither. If people perceive their lot in life as improving, they'll jump the gun and go ahead and buy name brand. They haven't, that says something about the Joe Sixpack out there.
That's just hyberbole. We sold nearly $200 billion in goods and services to Canada in 2004.
In 2004 the biggest growth segment of the economy has been the $25,000 and lower segment, which is why stores like Family Dollar, Dollar Tree and others have experienced unrivaled growth.
More hyberbole. There have always been more low wage jobs than high wage jobs. 2004 was a record year for the sale of cars. Look out your window and count the SUVs.
When people are poor or perceive their incomes going down, extreme low price and second hand goods stores flourish. During real good times they wither. If people perceive their lot in life as improving, they'll jump the gun and go ahead and buy name brand. They haven't, that says something about the Joe Sixpack out there.
Increased sales of new houses and cars as well as increasing tourism counter your agument. A rising tide lifts all boats even dollar stores.