The Daily Ticker's Aaron Task and Henry Blodget talk to David Rosenberg the dire state of the U.S. economy.
Also read & watch:
Americans spent a record $161.5 billion on e-commerce sites last year, an increase of 13 percent from 2010 according to Internet research firm comScore. A growing number of consumers are choosing the Internet as their retail shopping destination and e-commerce sales could account for 9 percent of all retail sales by 2016 says Forrester Research.
Online shopping offers consumers convenience, speed and perks like free shipping. But few consumers think twice about the individuals who package and ship their Internet purchases.
Mac McClelland, a human rights reporter at Mother Jones magazine, went undercover last year at a warehouse fulfillment center. She shared her short but eye-opening experience in a recent issue of the magazine under the startling headline "I Was a Warehouse Wage Slave". Her expose sheds light on a little known industry.