One Company is going to kill more American jobs than China did
How is it that a jobs program costs job? Well, that is a side effect from the successes of Amazon.com. While Amazon is planning on adding 10,000 more jobs, no one had looked at its effect on retail jobs. There are estimates of 2 to 3 times that numbers of jobs lost to retail and retail support. Wow. read it all here.
As Written By Rex Nutting for Market Watch:
Millions of retail jobs are threatened as Amazon’s share of online purchases keeps climbing
Amazon.com has been crowing about its plans to create 100,000 American jobs in the next year, but as with other recent job-creation announcements, that figure is meaningless without context.
What Amazon AMZN, +0.04% won’t tell us is that every job created at Amazon destroys one or two or three others. What Jeff Bezos doesn’t want you to know is that Amazon is going to destroy more American jobs than China ever did.
Amazon has revolutionized the way Americans consume. Those who want to shop for everything from books to diapers increasingly go online instead of to the malls. And for about half of those online purchases, the transaction goes through Amazon.
For the consumer, Amazon has brought lower prices and unimaginable convenience. I can buy almost any consumer product I want just by clicking on my phone or computer — or even easier, by just saying: “Alexa: buy me one” — and it will be shipped to my door within days or even hours for free. I can buy books for my Kindle, or music for my phone instantly. I can watch movies or TV shows on demand.
CONTINUE READING ABOUT AMAZON JOBS HERE: Amazon is going to kill more American jobs than China did