https://www.cnbc.com/2022/05/24/wal...ry-service-to-reach-4-million-households.html
Walmart expands its drone-delivery service to reach 4 million households
Walmart says that 90% of Americans live within range of this drone service from their stores. They can promise a 30 minute delivery of items by drone and the charge is $3.99. You don't have to tip. This will eliminate virtually all delivery people. They will not be able to compete with the price or the speed.
Fewer old cars driving all over the city will also be an improvement that many people will like.
Think about that as the jobs disappear. Of course you can get a job manufacturing drones, but no doubt those will soon be replaced by robots.
You might think you will be able to get a job at Walmart overseeing the drone delivery, but let's be real, they are competing with Amazon.com and you know Amazon is going to have robots pulling the items from the shelf, and will try to automate the entire process.
With gas at $6 and depreciation of your car at over $0.50 per mile, why would anyone drive to Walmart or the store to pick up anything. That in turn will eliminate the cashier jobs. You might be able to eliminate 90% of cashier jobs and 90% of delivery jobs.
Less foot traffic in the store means less clean up, less maintenance of the bathroom, you can have a much smaller parking lot.
Small businesses in strip malls, or next to the Walmart will dry up even worse (last I heard 40% are on the verge of bankruptcy).
You are about to see a whole lot of low income jobs disappear.
But it will be worse. Half the reason many people have cars is because they need them to do the shopping. Eliminate all these jobs and the need to go to the store and you will see car sales decline. Car sales are perhaps the biggest engine in the economy. if that shrinks GDP shrinks and you will have a recession. They have to raise interest rates in order to deal with inflation, but that in turn will make financing a car or house much more expensive, so that also will be the cause of a major slowdown in the economy. Many people are about to lose their jobs.