Rise Of The Machines: Millions Of American Jobs Will Be Wiped Out In The Next Five Years

Wednesday, December 7, 2016
By Paul Martin

Mac Slavo
December 7th, 2016
SHTFplan.com

There is a paradigm shift coming and it is about to rewrite everything we know about economics, human labor, and government dependence.

Earlier this week Amazon launched its first Amazon Go store, which allows a customer to walk in, grab the items they want, and simply walk out. Everything is tracked utilizing RFID chips, so the second you step out of the store Amazon knows exactly what you’ve purchased and automatically charges your account:

Amazon Go is a system that marries physical stores with advanced algorithms and sensors to eliminate the need for a typical store checkout. Instead of packing all the things you need into a basket or cart and then dragged it through a tedious checkout process, you just grab whatever you need and walk out of the store.

It sounds like a shaky concept at first, but only until you see just how advanced the technology really is. When you first walk into the store, you use your smartphone to open you virtual shopping cart. As you make your way around the store, a vast system of sensor tracks where you are, what you pick up, and what you take with you. The system even knows if you pick something up and then put it back, and will only charge you for things you actually intended to buy.

Amazon’s latest move is simply the next evolution designed to make human labor obsolete.

As Mish Shedlock recently pointed out at Mish Talk, the transition to automated systems like Amazon Go, as well as technologies like self-driving cars and long-haul trucks, has been fast tracked.

We’re no longer talking decades, but rather, a few years before we start to see the direct effects on the labor market:

Once again competition is the driving force that will guarantee success no later than a 2022-2024 time frame. By the end of that period, if not much sooner, long-haul truck jobs will vanish.

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