Madison and Wall Podcast Episode 7: Apple-Picking Advertising
Oct 18, 2024
Delve into the intriguing connection between personal experiences and advertising trends, highlighting income inequality's impact on consumer behavior. Discover Adobe's groundbreaking AI in video production and the clash between holistic and specialized marketing tools. Uncover the struggles of small businesses against larger firms in the advertising landscape and the critical role of content investment. Additionally, contrast traditional software revenue vs. SaaS models, and learn from Adobe's evolution to Creative Cloud, illustrating the importance of long-term strategies.
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Episode notes
Apple Picking Anecdote
- Brian Wieser shares a personal story about apple picking, noting the lack of advertising around it.
- This experience serves as a light introduction to the episode's themes on retail and advertising trends.
US Wage Growth vs Inflation
- Median wages in the US have generally risen above inflation over 5, 10, and 20 years, benefiting especially the lowest income decile.
- This suggests improvements in wage inequality largely due to rising minimum wages and labor scarcity.
Retail Sales vs Consumer Spending
- Year-over-year US retail sales are up modestly at 1.7%, but most consumer spending growth is in services.
- Retail sales data alone does not fully reflect consumer economic activity or advertising impact.