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Automation and Unemployment

Research has estimated a loss of about 6 - 7.5 million jobs in the US within the next 10 years due to automation. The worst hit will be the retail sector where the sales division is most likely to get automated. Women working mostly as cashiers are the most vulnerable. 'Stock shelves' and 'inventory control' will be made easy by robots. With increasing wages in the retail sector and stiff competition from e-stores like Amazon, automation is beneficial from the producer's point of view but the idea is devastating for employability in the retail sector. Read more at: http://money.cnn.com/2017/05/19/technology/future/retail-job-robots/index.html

 

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Friday, 26 April 2019
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