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1851 Growth Club
Bloomberg: Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months
100,000 new jobs certainly sounds positive, but could it disrupt employment in the traditional retail industry?
On Thursday, Amazon announced its plan to hire more than 100,000 people in the U.S. over the next 18 months, which comes at a time when Trump has been urging companies to employ more Americans. Considering Amazon’s growth throughout the past few years - breaking into the grocery industry and meeting trends like cloud services and on-demand delivery - the company’s plans for a major hiring spree isn’t particularly surprising.
“It’s a very powerful headline, and the timing certainly makes Trump look good,” Ivan Feinseth, an analyst at Tigress Financial Partners LLC, told Bloomberg. “It’s going to happen in the first year and half of his administration. Bezos couldn’t have set him up any better to look good -- timing is everything.”
While an uptick in American hires certainly sounds really positive, research groups have argued that the company’s disruption of the traditional retail industry leads to Amazon eliminating more jobs than it creates.
