The ‘Retail Apocalypse’ May Have to Wait a Bit

The ‘Retail Apocalypse’ May Have to Wait a Bit

As the frontline workers of retail fret that robots , artificial intelligence and automation are gunning for their jobs, the numbers tell a different story.In a recent research note, Michael Mandel, chief economic strategist at the Progressive Policy Institute in Washington, said data from the institute shows that e-commerce and fulfillment centers have added 270,000 jobs since 2014 — which compares to 53,000 in " traditional retail ." Moreover, Mandel noted that these are better-paying jobs. Why such growth? It’s because e-commerce has evolved, he wrote, noting that the emphasis on speed and faster delivery has changed the e-commerce […]

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