The following chart shows monthly nonstore retail sales per nonstore retail employee.
In December 2020, there was $132k in nonstore retail sales per nonstore retail employee. That's a whopping $1.6 million per year pace and it’s a pace that continues to grow much faster than inflation.
There really isn't much of a future for retail employment, unless one happens to be a robot.
July 15, 2020
Reuters: Japanese robot to clock in at a convenience store in test of retail automation
TOKYO (Reuters) - In August, a robot vaguely resembling a kangaroo will begin stacking sandwiches, drinks and ready meals on shelves at a Japanese convenience store in a test its maker, Telexistence, hopes will help trigger a wave of retail automation.
Schedule for Week of April 28, 2024
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The key report scheduled for this week is the April employment report.
Other key reports include February Case-Shiller house prices, April vehicle
sales, a...
2 hours ago
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