Surely you can see the endgame here. Amazon employs 1/3 as many people per dollar of revenue as Walmart does. Imagine a world where Walmart automates itself to a level comparable to Amazon. Lo! Watch as 1,452,000 jobs melt away!
And that's just one company. Sure, it's the biggest one. Sure, they're probably jobs nobody would do given better alternatives. All the same, those are now 1,452,000 fewer people employed in a world replacing human capital with physical capital.
And that's just one company. Sure, it's the biggest one. Sure, they're probably jobs nobody would do given better alternatives. All the same, those are now 1,452,000 fewer people employed in a world replacing human capital with physical capital.