A new report says that more than 7 million retail workers will lose their jobs due to automation.
Nearly half of retail workers are at risk of losing their jobs to robots and other automation technology, according to a new report.
Roughly 6 million to 7.5 million retail jobs “likely will be automated out of existence in the coming years, leaving a large portion of the retail workforce at risk of becoming ‘stranded workers,'” according to the 56-page report by investment advisory firm Cornerstone Capital Group.
Retail cashiers, 73% of whom are women, will suffer the most job losses, the study found.
The losses will also disproportionately affect the working poor, since most hourly retail workers live below the poverty line.
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