So... What does this mean?
According to Ark Invest’s Cathie Wood, the growth of automation in the workplace will accelerate this decade.
Amazon's use of automated robots will change its workforce in the coming years.
Amazon is adding about a thousand robots a day and Wood believes that by 2030 Amazon could have more robots than employees.
The robot revolution will spread across manufacturing as improving technology and falling costs speed up the transition.
For every cumulative doubling in the number of robots produced, the cost declines are in the 50-60% range.
Amazon had over 1.6 million workers at the end of 2021.
Amazon has begun to lay off workers in recent months, but still has a higher number of employees than its pre-pandemic level.