retail news in context, analysis with attitude

Fox News reports that the New York City Council passed by a 43-3 margin a bill requiring the city's retailers to take cash.

The story says that the "rationale for joining San Francisco and Philadelphia, as well as the states of New Jersey and Massachusetts, in opposing cashless shopping: It’s unfair to residents who don’t have bank accounts or to those who simply prefer cash."

The move disregards the retailers who "argued that cashless shopping helped improve safety at stores because cashiers would not have to handle cash and managers would not have to take cash deposits to a bank, risking loss or theft.
But, Fox News writes, cash remains highly relevant for many consumers: "Paper money is used for nearly a third of U.S. purchases, with debit and credit cards accounting for 31 percent and 28 percent, respectively."
KC's View:
I understand that not everyone has access to credit and debit cards because they don't have bank accounts, and those people need to be respected. But it does feel at some level that the communities banning all-cash stores are resolutely trying to keep at least one foot firmly planted in the past.

As some places ban cashless stores, Amazon is investing in biometric technology that would use people's palms as identifiers. Which would mean, for example, that in an Amazon Go store where people need the mobile app to gain entry, they'd now just have to use the palms of their hands.

I know which approach I think reflects a clear-eyed view of the future.