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" ... The claim is that average US incomes are lower by $9,000 a year now than they were in decades past. Given that lifestyles are higher this cannot be true. The error is in the inflation rate used, correct for that known mismeasurement and incomes are up. ... "
" ... There is still uncertainty about the outlook, of course. The government figures on e-commerce sales may not classify correctly everything that is bought and delivered through online channels. This mismeasurement could underreport online sales through major retailers that do not break out all their internet purchases, but could also miss the growing significance of fulfillment centers. In large part this measurement challenge is because most major retailers have adopted an omnichannel approach that integrates online sales and store locations for comparison shopping, purchases and returns. To the extent this reporting misses some online sales, however, the more important reality is that in-store and online sales channels are closely linked. This sales strategy will continue to generate demand for physical store locations. ... "