Event Title

Amazon Go: The Next Big Job Killer

Location

Old Dominion University, Learning Commons at Perry Library, Room 1310

Start Date

8-4-2017 9:50 AM

End Date

8-4-2017 10:10 AM

Description

Since the invention of the self-checkout lane in 1992, retailers everywhere have been trying to find ways to speed up the checkout line. Now Amazon, an online retail giant that brings in almost half of the nation’s annual e-commerce revenue in retail, is opening brick-n-mortar grocery stores that will cut out the checkout line entirely. Amazon Go stores are allowing users to enter with an app, take what they need, then leave with no checkout. The stores are said to house at most ten employees, gaining it the title of a job killer. If done well, however, Amazon stores could boost the economy by advancing technology and human capital, promoting competition, and even lowering unemployment.

Presentation Type

Presentation

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Apr 8th, 9:50 AM Apr 8th, 10:10 AM

Amazon Go: The Next Big Job Killer

Old Dominion University, Learning Commons at Perry Library, Room 1310

Since the invention of the self-checkout lane in 1992, retailers everywhere have been trying to find ways to speed up the checkout line. Now Amazon, an online retail giant that brings in almost half of the nation’s annual e-commerce revenue in retail, is opening brick-n-mortar grocery stores that will cut out the checkout line entirely. Amazon Go stores are allowing users to enter with an app, take what they need, then leave with no checkout. The stores are said to house at most ten employees, gaining it the title of a job killer. If done well, however, Amazon stores could boost the economy by advancing technology and human capital, promoting competition, and even lowering unemployment.