Thursday, May 29, 2014

Be careful what you wish for...

Fighting the Minimum Wage Hikes: Amazon to Add 9,000 Robots to Workforce

Economic Policy Journal

BetaBeat reports:

Amazon is about to multiply their robot army times 10, CNN reported.
The online retailing giant announced plans to increase their robot workforce to 10,000 by the end of this year. Currently, Amazon employs 1,000 of the wondrous warehouse machines.
The announcement, made by CEO Jeff Bezos in a shareholders meeting this morning, spurred the question of the fate for the actual human beings who package and ship our ear buds and iPhone cases.

There is nothing wrong with automation per se, but a lot more automation looks like a sound alternative for businesses, the higher the minimum wage.

This is a very cool video:

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