View the video at this link ( https://www.cnn.com/videos/business/2015/07/28/spirit-ceo-airline-fees-intv-qmb.cnn ). What is “unbundling”? What are the pros and cons of this pricing strategy? What other industries do you think it might work in?

Question 2:
How Amazon Could Reinvent the Brick-and-mortar Store (Experience – Knowledge@Wharton)

After a decade of retail moving online, do you think the innovations described in this podcast stand a chance of reviving physical retail spaces?

Question 3:
Have you ever gone to a store to preview something, then bought it online? This is called “showrooming.” It’s a phenomenon that has been growing year over year. Retailers are trying to figure out ways to combat it and keep sales at the store.

As a retail store manager, what steps would you take to decrease showrooming in your store?

Question 4:

Ask any supply chain manager, and she’ll tell you that one of the biggest debates in her field today is whether or not to outsource the supply chain to foreign countries where parts can be manufactured more cheaply.

Read:
Price Beats ‘Made in USA’
Americans prefer low prices, even if product is produced overseas.

By Josh Boak and Emily Swanson

The vast majority of Americans say they prefer lower prices instead of paying a premium for items labeled “Made in the USA,” even if it means those cheaper items are made abroad, according to an Associated Press-GfK poll.

While presidential candidates like Donald Trump and Bernie Sanders are vowing to bring back millions of American jobs lost to China and other foreign competitors, public sentiment reflects core challenges confronting the U.S. economy. Incomes have barely improved, forcing many households to look for the most convenient bargains instead of goods made in America. Employers now seek workers with college degrees, leaving those with only a high school degree who once would have held assembly lines jobs in the lurch. And some Americans who work at companies with clients worldwide see themselves as part of a global market.

Nearly three in four say they would like to buy goods manufactured inside the United States, but those items are often too costly or difficult to find, according to the survey released Thursday. A mere 9% say they only buy American.

Asked about a real world example of choosing between $50 pants made in another country or an $85 pair made in the United States — one retailer sells two such pairs made with the same fabric and design — 67% say they’d buy the cheaper pair. Only 30% would pony up for the more expensive American-made one. People in higher earning households earning more than $100,000 a year are no less likely than lower-income Americans to say they’d go for the lower price.

“Low prices are a positive for U.S. consumers — it stretches budgets and allows people to save for their retirements, if they’re wise, with dollars that would otherwise be spent on day-to-day living,” said Sonya Grob, 57, a middle school secretary from Norman, Okla., who described herself as a “liberal Democrat.”

But Trump and Sanders have galvanized many voters by attacking recent trade deals.

From their perspective, layoffs and shuttered factories have erased the benefits to the economy from reduced consumer prices.

“We’re getting ripped off on trade by everyone,” said Trump, the Republican front-runner, at a Monday speech in Albany, New York. “Jobs are going down the drain, folks.”

The real estate mogul and reality television star has threatened to shred the 1994 North American Free Trade Agreement with Mexico and Canada. He has also threatened to slap sharp tariffs on China in hopes of erasing the overall $540 billion trade deficit.

Economists doubt that Trump could deliver on his promises to create the first trade surplus since 1975. Many see the backlash against trade as frustration with a broader economy.

“The reaction to trade is less about trade and more about the decline in people’s ability to achieve the American Dream,” said Caroline Freund, a senior fellow at the Peterson Institute for International Economics. “It’s a lot easier to blame the foreigner than other forces that are affecting stagnant wage growth like technology.”

But Trump’s message appeals to Merry Post, 58, of Paris, Texas, where the empty factories are daily reminders of what was lost. Sixty-eight percent of people with a favorable opinion of Trump said that free trade agreements decreased the number of jobs available to Americans.

“In our area down here in Texas, there used to be sewing factories and a lot of cotton gins,” Post said. “I’ve watched them all shut down as things went to China, Mexico and the Philippines. All my friends had to take early retirements or walk away.”

Sanders, the Vermont senator battling for the Democratic nomination, has pledged to end the exodus of jobs overseas.

Still, voters are divided as to whether free trade agreements hurt job creation and incomes.

Americans are slightly more likely to say free trade agreements are positive for the economy overall than negative, 33% to 27%. But 37% say the deals make no difference. Republicans (35%) are more likely than Democrats (22%) to say free trade agreements are bad for the economy.

On jobs, 46% say the agreements decrease jobs for American workers, while 11% say they improve employment opportunities and 40% that they make no difference., then summarize it for your classmates.

Do you agree with the viewpoint of this article? Why or why not?

Question 5:
Labor Movement – Facts & Summary – HISTORY.com

View the History Channel’s website about the history of the labor movement in America. Share one interesting or surprising fact that you learned.