Amazon's Takeover Of The Economy Is The Real Threat To American Jobs - Huffington Post

Amazons stranglehold on the U.S. economy is growing ever tighter, with devastating effects for the job market, says a report released Tuesday afternoon.

The groups wide-ranging analysis details how Amazon, which recently saw annual revenue top a stunning $100 billion, has reshaped the way Americans shop and radically altered the job market.

After years of undercutting other retailers by selling products at a loss, funneling its customers into its super-convenient Prime service and essentially perfecting the art of online retail, Amazon is now synonymous with online shopping itself.

Taking into account goods sold through third-party retailers on its site, nearly $1 of