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Walmart laying off 260 at optical plants (Retail Dive)

July 23, 2018

Much of the retail industry's focus is on the ways in which technologies can help better serve customers and make stores and operations more efficient. But most advanced economies are unprepared for the level of worker displacement and wage depression by robots and other types of automation, economists say. 


"1.8 billion jobs — or two-thirds of the current labor force of developing countries — are estimated to be susceptible to automation from today's technological standpoint," social scientist Lukas Schlogl and economist Andy Sumner wrote in a paper published this month by the Center for Global Development. "Cumulative advances in industrial automation and labor-saving technologies could further exacerbate this trend." 

Read the full article here.

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Photo of Andy Sumner
Non-Resident Fellow