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.
Iirc it’s the top 10%.
I still wonder, how would the ultra rich or even the top 10% stay rich if the middle and lower classes are all unemployed. Won’t it “trickle up” to the richer people.
Probably most of Amazon revenue comes from the bottom 90%. I mean. There’s only so much a single individual needs to buy. Same goes for subscriptions, cars, clothes. Etc.
Maybe they’re buying luxury products now and the price makes it represent so much of the overall economy. But won’t they also get affected when their company loses their “bottom” customers. Less sales will affect the stock market, which will likely reduce their purchase power as well.
And I really think it will affect the big players. More unemployed people will cause less people to sign up for Amazon prime. Less people subscribing to Netflix will hurt Netflix which in place will require less resources and that affect Amazon at the end of the day when they cut down on aws expenses.
This is a simple and likely naive idea from me but I really think that everything is still very connected. Even the ai replacing stuff. Most of their money right now comes from selling it to businesses. Not all businesses cater for the top 10%. So that means more business going broke and less ai being sold as well.