Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fast food and retail are at the most risk right now IME, and I would say anything else that lends itself to easy automation. Technology
Fast food and retail are at the most risk right now IME, and I would say anything else that lends itself to easy automation. Technology is improving but also as more policies are passed to forcibly increase wages you can expect to see many more of these jobs become automated, much quicker than anywhere else. I've been in more than one fast food restaurant where the workers don't really do much more than hand bags to customers, everything is customer facing and automated. Retail is a bit different, pressure from online and DTC, is continuing to put major pressure on retail chains. I would expect to see some substantial bankruptcies and consolidation in the next 10 years here. You have some wild cards like transportation and shipping, if some big jump in autonomous vehicles happens, this could be devastating for workers in these fields. So far, this in actuality has not happened, there's a huge demand for truckers and automated vehicles aren't even close to widespread usage where they will supplant drivers, but I imagine it's coming at some point
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started