{"id":4169,"date":"2023-07-03T12:07:26","date_gmt":"2023-07-03T17:07:26","guid":{"rendered":"https:\/\/nakedpolitics.net\/?p=4169"},"modified":"2023-07-03T12:07:26","modified_gmt":"2023-07-03T17:07:26","slug":"amazon-may-be-about-to-replace-their-work-force-with-a-fully-automated","status":"publish","type":"post","link":"https:\/\/nakedpolitics.net\/?p=4169","title":{"rendered":"Amazon May Be About To Replace Their Work Force With A Fully Automated\u2026."},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-4170\"\/><noscript><img decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18.png\" alt=\"\" class=\"wp-image-4170\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18.png 750w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18-300x160.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18-293x156.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-18-390x208.png 390w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/noscript><\/figure>\n<\/div>\n\n\n<p>The trope of robots taking over the world might soon be moving from science fiction into reality, as more and more companies use machine workers to do everything from making pizzas to patrolling city streets.\u00a0<strong>Robots<\/strong>\u00a0have a dual appeal to many companies: they are often more efficient and cheaper than human workers.<\/p>\n\n\n\n<p><strong>Amazon<\/strong>, the one-stop shop for buyers looking for virtually any product under the sun, already uses robots to handle packaging in some of its facilities. But ARK Invest CEO<strong>\u00a0Cathie Wood<\/strong>\u00a0says she thinks that within the next few years, Amazon\u2019s use of robotic workers is about to explode.<\/p>\n\n\n\n<p>To grasp the magnitude of the robotics age now emerging, know that&nbsp;<strong>Amazon<\/strong>&nbsp;is adding 1,000 robots a day at its warehouses, says&nbsp;<strong>Wood<\/strong>.<\/p>\n\n\n\n<p>To date,&nbsp;<strong>Amazon<\/strong>&nbsp;has more than&nbsp;<strong>500,000<\/strong>&nbsp;robots, about one-third of its 1.6 million&nbsp;employees, and by 2030,&nbsp;<strong>Amazon<\/strong>&nbsp;will be run by more robots than humans, Wood told&nbsp;<strong>CNBC\u2019s \u201cSquawk Box\u201d<\/strong>&nbsp;Wednesday.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p style=\"font-size:18px\"><em>\u201cWe are just at the dawn of the robotics age,\u201d&nbsp;<\/em><strong>Wood added.&nbsp;<\/strong><em>\u201cAnd I would say, artificial intelligence and battery technology are all a part of that movement as well.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Robotics will spread widely among many different types of manufacturing, reducing costs by 50% to 60%, Wood predicts.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p style=\"font-size:18px\"><em>\u201cIf you look at the cost declines, which drive all of out models, for every cumulative doubling in the number of robots produced, the cost declines are in the 50%-60% range,\u201d<\/em>&nbsp;<strong>she said.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>As robots are deployed, their costs will come down, speeding up the transition to fully automated manufacturing,&nbsp;<strong>Wood<\/strong>&nbsp;predicts.<\/p>\n\n\n\n<p><strong>Wood<\/strong>\u00a0shot to investment fame in 2020 when she correctly called the Fed\u2019s interest rate cuts and the growth in high-growth technology stocks fueled by COVID shutdowns and work-from-home protocols.<\/p>\n\n\n\n<p><strong>Amazon<\/strong>, which announced 18,000 job cuts in January, is expected to release its fourth-quarter&nbsp;earnings&nbsp;results Thursday.<\/p>\n\n\n\n<p>To this end,&nbsp;<strong>Amazon<\/strong>&nbsp;and other major employers, such as Walmart, have recently raised hourly wages substantially in an&nbsp;attempt&nbsp;to attract and retain employees.<\/p>\n\n\n\n<p>The Bureau of Labor Statistics reports that in the current job market, there are 11 million job openings and 5.72 million unemployed individuals while inflationary pressures increase as firms compete to offer better wages.<\/p>\n\n\n\n<p><strong>Wathe video below for\u00a0more details:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"zeen-lazy-load-base zeen-lazy-load\" title=\"Famed stock picker predicts Amazon will have more robot than human workers #shorts\" width=\"1200\" height=\"675\" src=\"about:blank\" data-lazy-src=\"https:\/\/www.youtube.com\/embed\/J7RIVebUbsM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><noscript><iframe title=\"Famed stock picker predicts Amazon will have more robot than human workers #shorts\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/J7RIVebUbsM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/noscript>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Original Article: <a href=\"https:\/\/patriotnationpress.com\/amazon-may-be-about-to-replace-their-work-force-with-a-fully-automated-2\/\">https:\/\/patriotnationpress.com\/amazon-may-be-about-to-replace-their-work-force-with-a-fully-automated-2\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The trope of robots taking over the world might soon be moving from science fiction into reality, as more and more companies use machine workers to do everything from making pizzas to patrolling city streets.\u00a0Robots\u00a0have a dual appeal to many companies: they are often more efficient and cheaper than human workers. Amazon, the one-stop shop for buyers looking for virtually any product under the sun, already uses robots to handle packaging in some of its facilities. But ARK Invest CEO\u00a0Cathie [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-4169","post","type-post","status-publish","format-standard","hentry","category-threat-to-america"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4169"}],"version-history":[{"count":1,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4169\/revisions"}],"predecessor-version":[{"id":4171,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4169\/revisions\/4171"}],"wp:attachment":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}