What business did you use to go to with your mom as a kid that you don’t think you saw in the last 10 years?
Try as we might to avoid it, the world is changing. It is not just AI that is taking people’s jobs; there are simply businesses that become less and less needed due to the changes in the world.
For example, fast fashion became a huge thing, which resulted in the ability for people to find clothes and shoes for much cheaper than before. Sure, they might not last as long as the clothes in high fashion stores, but that only means that people would much rather buy a new item of clothing than get an old one fixed.
That is why people like my grandfather, who had a shoe repair store in town, saw the business need slowly disappear. Who wants to pay someone to fix their one-year-old shoe when they can buy a similar one for almost the same price?
Some businesses are declining due to other reasons, not just the introduction of cheaper models. A month ago, my parents booked a vacation with their travel agent, which made me wonder how much work a travel agent actually has these days. The internet now has everything someone might need to book a vacation, including a bot that acts as your travel agent and answers all of your questions. But still, people from my parents’ generation would prefer having another person book their flights and their hotels, even if they end up paying more for the service. Younger generations might not see the appeal, which means it is only a matter of time before travel agencies go out of business.
Unfortunately, many businesses experience struggles for different reasons, until all that will be left are posts like the one below, wondering where they all went to…
Author: Kayitsi.com
