Articles

Internet + Recession= Return to the barter system?

In economics/money, internet, shopping, Technology on April 12, 2009 by Editor Z

Reportedly the volume of barter ads has doubled on Craig’s List.

On a national level, the increase in barter ads equals the international statistics, rising 100 percent in the last 12 months. Cook blamed the economy for some of the rise in Craigslist traffic.

“Obviously, in the face of financial hardship,” she explained, “people are finding creative ways to get what they want.”

Cook said statistics for the Akron/Canton Craigslist site, which she called “relatively new,” have increased even more dramatically.

“There has been a 450 percent increase in For Sale postings and an 800 percent increase in Barter postings over the last 12 months,” she said. “Obviously, the site’s popularity is growing rapidly, much of it tied to the economy, I’m sure.”


Digg!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: