Anthony LoPinto
Ever since the first Model-T rolled off the assembly line the economy has continued to find ways to train workers while at the same time, drive automation. Well, Amazon is in the thick of it now. The company announced that it will spend $700 million to retrain its workforce of 100,000 in response to a growing labor shortage. But the bigger news is that the strong labor market is pushing companies to make big investments in not only workers, but also technology. The acceleration of technology investment will soon be remaking jobs across almost every industry. By an estimate I came across recently, automation will force one-third of American workers to switch occupation by 2030. The question is, will industry be prepared to retrain this segment of the workforce?
|
Job Listings
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
