Amazon plans to use automation to replace more than 600,000 workers who would otherwise be hired in the United States by 2033, according to internal documents obtained by The New York Times. By that time, the company is expected to sell about twice as many goods as it does today.
Amazon’s robotics team is reportedly working toward the goal of automating 75% of its entire business. By 2027, it is expected to eliminate around 160,000 jobs in the US, saving the company an estimated $12.6 billion — equivalent to around 30 cents per item delivered.
Depressing bit of the day: I don’t have the source with me right now but there was a claim on youtube that the top 1% make up for like half of the consumer market in the USA.
Half of everything sold in dollars is done by the ultra rich. Everyone else is basically irrelevant and driven to extinction under capitalism, if that is accurate.
A quick google says 15-20%, which makes sense. Maybe the top 10% could comprise 50% of consumer spending, perhaps.
Very possible yes, it’s been a awhile since I saw it.
Interesting, I’ve recently heard the automotive market is starting to cater to the $70k+ crowd and so this tracks somewhat. That said, the 1% accounting for 50% of consumption still sounds incredible.
1% is not just the ultra-rich. It likely includes a lot of people on lemmy right now
The top 1% of earners in the US made over $1 million last year. I doubt any lemmy users are in that category.
Yeah, I’ve seen it from a few different videos, including one citing a 2005 Citibank report pointing out that this would become a major trend.
Wealth inequality is bad enough that I’ve even seen some marketing professionals mention it as a possible problem for some companies.