*DataPoint* Amazon to Retrain Its Employees. Why That’s Big Deal.
Recently, Amazon announced that it will spend $700 Million (USD) to retrain its employees. Why are they doing this? Simple: automation. They know that a displaced workforce would be bad political mojo at a time when the giant is facing increasing calls for regulation, even potential anti-trust action.
Anti-trust laws in the US were made largely in reaction to the Standard Oil Company and its founder John D. Rockefeller.
In this DataPoint, Frank notes how Jeff Bezos just may be the Rockefeller of our day.
About the author, Frank
Frank La Vigne is a software engineer and UX geek who saw the light about Data Science at an internal Microsoft Data Science Summit in 2016. Now, he wants to share his passion for the Data Arts with the world.
He blogs regularly at FranksWorld.com and has a YouTube channel called Frank's World TV. (www.FranksWorld.TV). Frank has extensive experience in web and application development. He is also an expert in mobile and tablet engineering. You can find him on Twitter at @tableteer.