Increases in the minimum wage are not going to slow the replacement of people with machines.
Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Thursday, September 9, 2021
Amazon Go
Using AI, cameras, and sensors - Amazon is eliminating the human capital in stores and making checkout as smooth as swiping your phone and charging your account at the end. Imagine what Amazon can do when robots can fill orders and drones can deliver products to my doorstep. You could take a VR tour of a store and "buy" an item by blinking on it, the robot fills your cart, and the drone delivers the cart to your house. Your children's world will be different from mine.
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