Robots will kill most of the retail jobs in future

Technology is advancing at a fast pace and changing the way people live their lives. It is not only providing better services to the entire world but also making life easy and effortless. Undoubtedly, we have seen a huge transformation in us with the emergence of machines but, according to experts, these machines are taking our jobs and making us unemployed day by day.

Carl Frey, an Oxford professor wrote in a reportΒ ‘Technology at Work: Automating e- Commerce from Click to Pick to Door’ that Robots are likely to kill most of the retail jobs in the world. He highlighted in a Citi Bank report this week that we are now at the beginning of a Second Machine Age. Robots are soon going to kill all the jobs in the retail and are going to replace humans.

“Retail is one industry in which employment is likely to vanish as job-killing automation replaces more and more store workers,” he wrote.

In 2013 also, Frey along with artificial intelligence expert Michael Osborne predicted the future of the employment in a paper ‘The Future of Employment: How susceptible are jobs to computerization?’

According to Frey, 47 percent of jobs in the United States are at risk of automation over the forthcoming decades and similar shares have been estimated for other countries. In Japan, 32 percent of all goods bought on the Internet were bought on smartphones in 2016, up from 27 percent a year earlier.

In the last decade, retail sales transacted online have gone from 2 percent of the total to 8 percent, yet penetration of automation remains quite low. e-Commerce penetration varies greatly by country, and as millennials enter peak spending years the e-Commerce driver will increase, which means that much of the disruption from automation in transport, warehousing, and logistics is yet to come, he further stated in his recent research.

In his opinion, the new retail sector will be followed by a long bleak period in which the former retail workforce will struggle to find solid footing in the labor market.