Quote:
Originally Posted by InTheBlack
Amazon has said it wants to hire 100,000 warehouse & delivery. So that's where the food service people will go. Much better pay too.
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Having worked at Amazon in the early days, a ratio that has existed for the 25 year history of the company is that for every 1 FTE hired by Amazon there has been roughly 3 FTE lost on Main Street.
An empirical-ish ratio that has lasted nearly 25 years.
Doesn’t mean Amazon shouldn’t grow, but there is a disconnect with disruptive companies destroying jobs faster than new ones are being created or The unemployed are being retrained.
So Amazon might be able to absorb 1/3, the other 2/3 will need a plan B.
Lambda School(online live software engineering course) is actually turning student debt burdened baristas into software developers with 4X income increases.