What happens to jobs with reckless Robotisation and Automation?
Let us see what happens to jobs with reckless Robotisation and Automation with some examples from the real world.
Walmart in USA employs approximately 1.5 million people. General Motors in USA employs 180000 people. Let us assume both these companies act to satisfy Investment Bankers and Stock market to meet their profit targets resort to massive Automation and Robotisation. Just to illustrate the impact on the US economy let us assume Walmart reduces its employee strength to 15000 and General Motors to 2000 employees with Robotisation and Automation.Who will be there to buy these companies' products and services?
Let us see what happens to jobs with reckless Robotisation and Automation with some examples from the real world.
Walmart in USA employs approximately 1.5 million people. General Motors in USA employs 180000 people. Let us assume both these companies act to satisfy Investment Bankers and Stock market to meet their profit targets resort to massive Automation and Robotisation. Just to illustrate the impact on the US economy let us assume Walmart reduces its employee strength to 15000 and General Motors to 2000 employees with Robotisation and Automation.Who will be there to buy these companies' products and services?
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