Tuesday, February 9, 2021

The Future of Retail Employment

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.

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