Accelerating technology has been creating a lot of worry over job loss to automation, especially as machines become capable of doing things they never could in the past. A recent report released by the McKinsey Global Instituteestimated that 49 percent of job activities could currently be fully automated—that equates to 1.1 billion workers globally.
What gets less buzz is the other side of the coin: automation helping to create jobs. Believe it or not, it does happen, and we can look at one of the world’s largest retailers to see that.
Thanks in part to more robots in its fulfillment centers, Amazon has been able to drive down shipping costs and pass those savings on to customers. Cheaper shipping made more people use Amazon, and the company hired more workers to meet this increased demand.