Resale is thriving in the pandemic

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Since the pandemic began, the fashion industry has taken a hit. Retail giants have filed for bankruptcy, independent brands have closed, and brick-and-mortar stores, if they haven’t shut their doors, are still financially recovering from the months they were forced to stay closed during the lockdown. One of the few areas that has seen growth during this time, though, is the resale industry.

Online consignment platforms and secondhand retailers had already been seeing promising signs in the last few years. According to thredUP’s 2020 Resale Report, resale grew 25 times faster than retail in 2019, with 62M women buying secondhand products in 2019, compared to 56M in 2018 and 44M in 2017. The pandemic did not slow this growth.

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LinkedIn says these are the world’s 10 most in-demand jobs that don’t need a degree

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The coronavirus pandemic has had a profound impact on the global jobs market, according to data compiled by LinkedIn, with the economic crisis forcing businesses to cut jobs and slow hiring in most areas.

A report from the United Nations’ International Labour Organization has estimated that the number of working hours lost in the second quarter of 2020 is expected to be the equivalent of 400 million full-time jobs.

It means seeking out positions that are in-demand from employers and re-training accordingly are among some of the potential solutions to gaining an edge in this competitive jobs climate.

In the U.K., for example, LinkedIn said that the jobs market is currently three times more competitive when compared to the same period last year.

Josh Graff, U.K. country manager at LinkedIn, told CNBC’s “Squawk Box Europe” that Britain is facing the “toughest labor market in a generation” as a result of the economic fallout from Covid-19.

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New global data reveal education technology’s impact on learning

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The use of technology in education has become a lifeline during the COVID-19 pandemic. As students return to the classroom, school systems must carefully consider the longer-term role of technology.

The promise of technology in the classroom is great: enabling personalized, mastery-based learning; saving teacher time; and equipping students with the digital skills they will need for 21st-century careers. Indeed, controlled pilot studies have shown meaningful improvements in student outcomes through personalized blended learning.1 During this time of school shutdowns and remote learning, education technology has become a lifeline for the continuation of learning.

As school systems begin to prepare for a return to the classroom, many are asking whether education technology should play a greater role in student learning beyond the immediate crisis and what that might look like. To help inform the answer to that question, this article analyzes one important data set: the 2018 Programme for International Student Assessment (PISA), published in December 2019 by the Organisation for Economic Co-operation and Development (OECD).

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Why College is never coming back

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 Here’s some great news: one of America’s most broken industries is finally being exposed as a sham. And make no mistake, the end of college as we know it is a great thing.

It’s great for families, who’ll save money and take on less debt putting kids through school. It’s great for kids, who’ll no longer be lured into the socialist indoctrination centers that many American campuses have become. And as I’ll show you, it’s great for investors, who stand to make a killing on the companies that’ll disrupt college for good.

But Stephen, how can you be against education?! I love learning, but I hate what college has become. As recently as 1980, you could get a four-year bachelor’s degree at a public school for less than $10,000. These days, it’ll cost you $40,000 at a minimum, $140,000 for a private school, or well over $250,000 for a top school.

College costs have ballooned beyond all reason. They’ve risen even faster than healthcare costs, which is really saying something. Kids are burying themselves in debt—$1.6 trillion at last count—in order to attend college.

When I wrote about this last year, I had little hope things would change anytime soon. Why? It’s a tough sell to convince an 18-year-old kid not to attend the four-year party all his friends are going to, especially when the US government is financing it through student loans.

But a Lightning Bolt of Disruption Just Fried the Business Model of College.

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Touchless transit payments increased 187% since April: Visa

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Visa released new data on Thursday that found contactless transactions for transit fares increased 187% through the end of June, up from an all-time global low in April. The company now works with more than 500 cities globally to implement or expand contactless payment solutions.

To further engage in this trend, Visa announced a new global partnership agreement with Cubic Transportation Systems to “enable the delivery of next generation fare payments and new mobility solutions to Cubic’s customers based on Visa’s global payment standards and frameworks,” according to a company press release.

Visa also announced a milestone of 150 total partners in its Visa Ready for Transit certification program, up from 100 partners in October 2019. The Visa Ready for Transit program fosters collaboration with fare system solutions providers and consultancies to simplify transit agencies’ implementation of contactless fare systems.

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How COVID-19 ended the Information Era and ushered in the Age of Insight

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Tech companies will play a crucial role in making the next wave of progress a reality.

The COVID-19 crisis was the catalyst for rapid change and brought with it the opportunity to accelerate towards a brighter future;

A new era that is defined by insights and discoveries that benefit all of society has arrived;

Technology companies will play a crucial role in ensuring this transformation is sustainable, inclusive, and trustworthy.

COVID-19 introduced challenges that we as a society were not ready to address. We are converting to a digital-first world overnight. Becoming fully connected. Ensuring all of our personal data is protected. And taking steps to not leave anyone behind in this new digital economy.

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DoorDash inks deal with Walgreens to provide over-the-counter medicine and snack deliveries

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Walgreens signed a similar deal with Postmates in April

DoorDash announced that it’s introducing on-demand delivery services from Walgreens to provide “everyday essentials” to your doorstep. Customers in Atlanta, Chicago, and Denver can now order over 2,300 items from the pharmacy chain, including over-the-counter medication, groceries, snacks, and beauty products. DoorDash and Walgreens did not mention whether users can also have their prescription medication delivered, so you’ll probably still need to go to the store for that.

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57% of employees second-guessing careers during COVID-19 pandemic

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Many workers said they are more motivated to be employed at a company that values its staff during unpredictable times, Robert Half found.

More than half (57%) of workers said they have experienced a change in their sentiments toward work during the coronavirus pandemic, data from Robert Half found. During such unpredictable times, some 60% of that number said they want to be employed at an organization that values its staff.

COVID-19 has thrown a major wrench in both the enterprise and economy, resulting in millions of furloughs and layoffs. More than 44.2 million US employees have filed for unemployment claims since the start of coronavirus shutdowns, according to Fortune. Those lucky enough to still have jobs have still been impacted, reevaluating their current employment during such trying times.

“This has been a time of reflection and reprioritization for businesses and people,” said Paul McDonald, senior executive director of Robert Half, in a press release.
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Resale market expected to be valued at $64 billion in 5 years, as used clothing takes over closets

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A ThredUp warehouse.

KEY POINTS

  • The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion within the five years, according to a new report by ThredUp and GlobalData Retail.
  • “Resale is here to stay,” said ThredUp co-founder and CEO James Reinhart. “The next question is who wins and who loses.”

Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is expected to boom, according to one online resale marketplace.

The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion within five years, ThredUp said in its annual report, which is completed in a partnership with the third-party research firm GlobalData Retail.

It said the resale market grew 25 times faster than the overall retail market last year, with an estimated 64 million people buying secondhand products in 2019.

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The future of commerce belongs to the frictionless

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Striving for a frictionless experience for your customers, employees, suppliers, or other stakeholders isn’t just something that the digital era has enabled you to do. At this point, it’s a requirement.

 The businesses that will survive after the pandemic are the ones who give us back our time.

FOR A MINUTE there, at the start of the global lockdown, it seemed to be an open question: Would we all be able to get everything we needed delivered? Three months in, while nobody’s getting two-day deliveries anymore, it does seem as if Amazon alone might be able to provide almost all of us with our commodity needs.

Way back before Jeff Bezos began delivering almost everything to everyone, there was another open question: Was ordering just a few things at a time from Amazon bad for the environment? The answer is a little surprising. While it’s obviously more wasteful and damaging to place several small orders as opposed to fewer larger ones, it’s also obvious that having Amazon deliver everything to everyone is a more sustainable option than going to the store ourselves.

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The beer barometer and the reopening of America

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Microbrews are providing us with macro clues about the state of the U.S. economy — and how confident Americans actually feel about reopening amid the pandemic.

The big picture: The national trend shows that more watering holes are opening up, with 85% of locations open and pouring beer last weekend. And if the bars are open, it’s a good sign that those communities have opened up, too.

But the glass is half full: In open establishments, only 49% taps are open, compared to 96% last June.

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18 freelance sites to find your next gig

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Not all job boards are created equal, but some are capable of getting you where you want to go.

Consider this: Freelancers are expected to become the U.S. workforce majority in the near future. That means we can expect to see more and more freelancing job boards appear. That’s not to say we need them. Take a look at the Google search results for “freelance jobs.” You’ll find hundreds of websites that can connect you with prospective clients.

The problem, however, is that not all job boards are created equal. Some are a bit suspicious, causing both freelancers and businesses to question their legitimacy. Others are meant only for seasoned veterans. There are also boards capable of finding work quickly for freelancers, but they won’t get paid very much. Consider it the “price of entry” to the freelance realm.

These obstacles make finding freelance work more complicated than it has to be. That’s why I’ve put together a list of 18 freelance sites to help entrepreneurs find their next gig. Each of these sites is reputable and can be used by freelancers of all experience levels, empowering people to make the most of their skills in a shaky economy.

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