Amazon is praising itself for its plans to create 100,000 new jobs over the next year. But, they might wind up killing more jobs than even China did.
What Amazon doesn't tell you is that for every job it creates it destroys one or two others. Brick and mortar stores, retailers to be specific, are impacted. Lone Star College economist Hank Lewis says it will force the economy and labor market to change, if you are willing to change along with it.
“Right now a hot ticket if you’re a young man or woman is civil engineering. Our bridges and roads are in major need of overhaul,” Lewis explained.
So there are jobs to be had. But, how do we balance these job losses with the convenience of shopping online as opposed to actually going to the store? Lewis says for the most part, we don't.
“If I don’t need it right this second, Amazon can deliver. For people that don’t want to drive to the stores, this is a big boon for them,” Lewis said, adding that if you really want to do something about it you’ll support local retailers more than Amazon to keep them in business.