A Satellite Account to Measure the Retail Transformation Organizational, Conceptual, and Data Foundations (2021) / Chapter Skim
Currently Skimming:
1 Introduction
1 Introduction
Pages 9-12
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 9... ...
These changes highlight and typify many aspects of the broader evolution of the economy as a whole in recent years -- with the growing role of large firms and information t echnology -- while taking place in a sector that directly serves the vast majority of the American population and provides substantial employment. Despite the everyday experience of these dramatic changes in retail, there is concern that the most transformational aspects of those changes may not be captured well by the economic indicators relied on to understand the sector.
|
From page 10... ...
The request was also motivated, more broadly, by a sense that the economic impacts of a range of retail innovations -- highlighted by the growing and pervasive role information technology and e-commerce play in the sector -- may not be well measured by the available indicators of retail employment and labor productivity. To respond to this request from BLS, the National Academies formed the Panel on Measuring the Transformation of Retail Trade and Related Activities.
|
From page 11... ...
The workshop included sessions on the changes in retail, from the perspective of researchers and members of the industry; key measurement and data challenges for developing measures of employment and labor productivity; options for developing a satellite account for the retail sector; quality adjusted prices for retail; uses of bottom-up measures in measuring employ ment and productivity for retail; and global value chains and the role of imports in the sector. In deliberating on the workshop input, the panel took a broad ap proach to the options for a retail-related satellite account, considering both pragmatic immediate steps and aspirational longer-term goals and identify ing ways to progress toward the aspirational goals by carrying out specific analyses and collecting additional data.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.