72 years after [Clarence Saunders] attempted to patent his idea, advances in robotics, artificial intelligence, and other technologies are making the dream of a worker-free store a reality. And American cashiers may soon be checking out.
A recent analysis by Cornerstone Capital Group suggests that 7.5m retail jobs – the most common type of job in the country – are at "high risk of computerization", with the 3.5m cashiers likely to be particularly hard hit.
Another report, by McKinsey, suggests that a new generation of high-tech grocery stores that automatically charge customers for the goods they take – no check-out required – and use robots for inventory and stocking could reduce the number of labor hours needed by nearly two-thirds. It all translates into millions of Americans' jobs under threat.
(Score: 3, Informative) by The Mighty Buzzard on Thursday August 17 2017, @03:42PM (1 child)
Both. Wal-Mart's business model, for example, demands they make their money primarily on volume rather than profit margins. If they can save a dime, at least half of it will go to lowering prices rather than profit.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Thursday August 17 2017, @03:49PM
Nope. Wherever Walmart has created a monopoly by driving out all competitors, save a few niche boutique retailers, it's all Pr0fit!!!