Best Buy just laid off over 2/5ths of their employees (51,000 out of 125,000), with zero notice, amid record revenues and gross profits - a lot of them being enabled by employees working hard to provide curb-side service during COVID.Just weeks ago, Best Buy publicly agreed to a $15 minimum wage for all employees. Workers cheered. Now, the other shoe has dropped.
Incredibly and surprisingly, it seems that companies aren't going to take a reduction in profits in order to keep employees - when wages go up, especially due to outside requirements, then either the costs will be passed directly on to customers, or, when that's not feasible due to competition, then jobs will be eliminated to make up the difference. Cause and effect.
People who support these big minimum wage increases talk about how they're supporting it to help the workers. How did this help the 51,000 now-former Best Buy employees, who are now out of work?But that's not all of it either. Best Buy is also cutting hours for the remaining staff, and transitioning most of their fulfillment to online. That means you might be able to go to a Best Buy store to shop, but you won't be able to buy your item and bring it home today. Instead, you'll have to wait for it to be shipped to you. Why? Because it's now cheaper to automate, using scanners and robots in warehouses to do most of the work, and cutting human staff as much as possible. Over time, you can expect Best Buy's staff to drop to less than 20,000, most stores will close, most sales staff will be gone, and what jobs are still left will be warehouse workers.But, hey, the ones who are left will now make $15/hour, so, I guess that's good for them. I'm sure all the people who have lost jobs, and who will lose jobs in the next year, are happy to have sacrificed their job to make that happen.
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You do realize that no matter what happens, no decrease or limiting of wages is going to replace a workforce that can work 24/7 with no breaks, no need for healthcare, no need to take vacations, no want or need for a salary increase, etc.
Its like you guys think automation can be combated by keeping people poor. Even accounting clerks, HR coordinators, helpdesk technicians, receptionists, account coordinators, etc. are being replaced by botnets.
These botnets are connected to AI cloud services that are only getting smarter, easier to manage, and easier to deploy. The only drawback so far is that they work too hard.
The vendor I use is Automation Anywhere.
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