In the News
Why Amazon still needs humans in the robot age
11th November 2022
Amazon is one of the modern economy's great innovators, and in this article from BBC news the rise of robots in its warehouses is highlighted - although the company is coy about the effects of automation on its cost structures.
However, look at some of the numbers - the number of packages handled by robots is "likely to hit 100%, or just about, in the next five years" and it hopes to be delivering 500 million packages per year by drone by 2030.
That said, the company, no doubt with an eye on its brand image, says it is always going to need humans.
Amazon: Robots spread but 'we still need humans' https://t.co/3CzJCe7jDB
— BBC Science News (@BBCScienceNews) November 11, 2022
- Economics
- Blog
- In the News
- Amazon.com Inc.
- Capital labour substitution
- Factors of production
- Robotics
- Automation
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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