posted on August 8, 2002 09:28:26 AM new
Reamond, I've noticed that to (I think Postal Insurance is a Scam!!!). I always tell them I've Had VERY Few problems with Delivery, and I always Note that I Pack Carefully, BUT more people are requesting insurance (had someone request it for a $17 item today, WASTE!!). I Have started noting in my Descriptions to PLEASE check my Feedback, Hopefully that alleves some fears.
posted on August 8, 2002 03:16:13 PM new
I've had 2 for under $20 in the last 24 hours request insurance. They didn't ask, they just added it to the Paypal payment so I insured them.
posted on August 8, 2002 04:55:00 PM new
Interesting article. Doesn't look too good for many as far as job prospects go.
Two strategies that always interested me though- does it really make any difference how low interest rates are if you don't have a job ? And does it really make any difference how much you lower your prices on eBay for a potential buyer that is unemployed or fears that they might soon be?
Those unemployment rates have a snowball effect. The unemployed quit consuming and cause more unemployment. Those that are employed quit consuming for fear that they may soon be unemployed.
The next thing to look for is a spike in listings on eBay as sellers get desperate and increase listings, and then a gradual falling off of listings as sellers can no longer afford the listing fee with few sales. By Spring 2003 we could see listings consistently below 5 million. But then again, the economy might pick back up, but I don't see anything on the horizon that says it will.
posted on August 8, 2002 05:41:54 PM new
Believe it or not, we do not have a very high unemployment rate. There has been a lot of talk about unemployment, but today a release from the Dept. of Labor said only about 4 hundred are on unemployment insurance. In 1984 it was over a million. Try & sell a car then. The city I live in on the Central Coast of CA is building close to 1000 new homes this year. Our 2000 census was 80,000!
posted on August 8, 2002 05:55:41 PM new
The only problem with the Dept of Labor stats is that it only shows the tip of the iceberg.
Those whose benefits have run out are not included in the stats. Part time and temp workers that are laid off don't get benefits and aren't included as well as indiviual "contract" workers.
There will be plenty of pain before it gets as bad as it did in the early 1980s.
posted on August 8, 2002 07:44:15 PM new
Just a thought, more unemployed will start selling on ebay to make money, I did when I lost my job...
that doesn't not mean sales will increase just sellers.
"In related data, the EDD reported that there were 534,535 people receiving regular unemployment insurance benefits during the July survey week. This compares with 488,301 last month and 445,334 last year. At the same time, new claims for unemployment insurance were 58,091 in July 2002 compared with 58,455 in June and 52,556 in July of last year."
So it is 400 THOUSAND not 400 who are receiving unemployment insurance. I think I personally know 400 people who are on Unemployment right now.
posted on August 10, 2002 11:21:44 AM new
" does it really make any difference how low interest rates are if you don't have a job ? And does it really make any difference how much you lower your prices on eBay for a potential buyer that is unemployed or fears that they might soon be?
"
I laugh when the media says, "consumer confidence is down." What does confidence have to do with it? The only thing that matters is if you have a solid job or not. THAT is what affects spending. If people don't buy, it's usually because they have no money.
