Event Title

The Effects of Amazon Go on the U.S. Economy

Location

217 Science & Nursing Building

Start Date

27-4-2018 8:30 AM

End Date

27-4-2018 8:55 AM

Description

Amazon has continuously proven to be a powerful and successful company and with the company's newest installment of Amazon Go. It brings many questions about the future of retail. The goal of Amazon Go is to incorporate the use of technology into the typical retail experience to eliminate the requirement of waiting in a checkout line. To achieve this, an app must be downloaded onto a smartphone to gain entrance to the store. Once inside, the technology embedded throughout the store detects what you purchase and charges you for said items after exiting the store. While many people are fascinated by this new technological convenience store, many questions arise about how this new type of retailing will affect the economic state of our country. Unfortunately, the state of our economy has been an issue that many Americans have been concerned about for years, so this paper will go in-depth on how Amazon Go can influence several macroeconomic indicators, such as unemployment, gross domestic product, and inflation. This paper argues that Amazon Go is a gateway to a new type of retail, and can transform the state of the economy for better or for worse depending on its course of action.

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Apr 27th, 8:30 AM Apr 27th, 8:55 AM

The Effects of Amazon Go on the U.S. Economy

217 Science & Nursing Building

Amazon has continuously proven to be a powerful and successful company and with the company's newest installment of Amazon Go. It brings many questions about the future of retail. The goal of Amazon Go is to incorporate the use of technology into the typical retail experience to eliminate the requirement of waiting in a checkout line. To achieve this, an app must be downloaded onto a smartphone to gain entrance to the store. Once inside, the technology embedded throughout the store detects what you purchase and charges you for said items after exiting the store. While many people are fascinated by this new technological convenience store, many questions arise about how this new type of retailing will affect the economic state of our country. Unfortunately, the state of our economy has been an issue that many Americans have been concerned about for years, so this paper will go in-depth on how Amazon Go can influence several macroeconomic indicators, such as unemployment, gross domestic product, and inflation. This paper argues that Amazon Go is a gateway to a new type of retail, and can transform the state of the economy for better or for worse depending on its course of action.