Walmart has some two million employees, and annual sales of around $200 billion. Given that many work part-time, I figure that the company has sales of around $100,000 per employee. With 56,000 employees in 2011, Amazon generated a little over $800,000 per employee.... Here's the challenge: In the past, every million-dollar increase in economic output generated on the order of ten jobs. In the future..., it may generate only one or two.Read More
If we accept that firms such as Amazon are the business models for the future economy, then the future of jobs in America gets gloomy fast. The only safe haven for labor is to acquire high productivity skills that earn premium wages in the still emerging virtual economy.
Source: Davidow, B (2012, April 10), How Computers Are Creating a Second Economy Without Workers, Atlantic.