Tech & AI are Eating Austrian Jobs
Zara Eats AI for Breakfast
Tech & AI are eating Austrian Jobs!
Adding billions in shareholder value 👇🏼
When in Austria I became my own clerk.
From A-Z, I handled my own transaction
90% of Zara transactions
→ Are self-serviced by you
→ You pick from the store
→ scanned by you
→ packed by you
→ paid by you
If you aren't an A player AI and Tech will get you
And B & C-players are replaced
→ They aren't skilled enough
→ Are part of standard processes
→ Aren't bringing substantial value
This means in Austria alone with 11 stores.
→ 11 stores with 220 clerks
→ Paid 13 months salary
→ Open 7 days a week
→ $2.8M in savings
→ At Eur 2.500
Zara PE ratio is 26.88 = In Austria alone Zara adds
72M in extra shareholders value.
On a global level we talk billions.
This is just one example..
We see it also in
→ supermarkets
→ gas stations
