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by zaargy 3481 days ago
Like it or not, this is the future. If Amazon don't do it then someone else will. People want cheap goods and this will give them cheaper goods.

The solution to your worries is a universal basic income.

1 comments

Try to become a part of the solution not part of the problem. As an engineer, this is a mesmerizing and a very appreciative tech. Kudos. As a (selfless) neighbor, I can never be happy to see unemployed neighbors. Sure we can create these autonomous technologies, but we also should be active in policy-making for our cities e.g. if 10 jobs are being displaced then collectively what are we doing to create 10 more jobs.

Profits earned from Amazon Go are not going to get reinvested in cities. A small portion of it would be divided as payrolls among engineers and people who would manage these Go stores but a large chunk would go in deep pockets of Bezos' and Amazon investors'.

Have you bothered to ask yourself where the money goes after it's put in the pockets of Bezos' and other Amazon investors? Do you think that money is just sitting in the bank doing nothing?
I am guessing other pet projects, R&D for Amazon. Clearly not in cancer research or funding of infrastructure or investments in other need base communities.

Last time I heard Amazon is struggling with net positive cash flow because it keeps on re-investing profits into various other side projects with eventual goal of dominating retail space e.g. Amazon Go.

Why would Amazon invest its profits in cancer research? Wouldn't you expect a drug or biotechnology company to invest their profits in cancer research?

Amazon is in the business of creating a marketplace that efficiently matches buyers and sellers. It provides a distribution infrastructure for sellers and provides a high level of service for buyers.

Get more people (and a greater variety of people) to invest in Amazon, and other companies who displace jobs, perhaps?