Tuesday, January 03, 2017

Caught On Tape: How The Robots Are Taking Over Amazon

Over the past few years, as Amazon's distribution network has grown at a near-exponential pace, so has its workforce. As the chart below shows, starting in 2010 and continuing through the third quarter, Amazon has seen a staggering increase in its mostly part-time employment: from 28,300 to over 306,000.

However, always seeking ways to cut a few basis points from its razor thin retail margins, Jeff Bezos has discovered that many, if not all, of these part-time laborers, minimum wage as they may be, are expendable, and the company is actively growing its robotic "workforce" in preparation for the moment when most of those 300,000+ workers become fully redundant .... http://www.zerohedge.com