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the competitiveness around them and
motivates them to work harder. The However, e-commerce businesses have a
disruption caused by AI leads to increased positive impact on packaging and logistics
education as the public is aware of the companies as their sales have more than
competition around them. Hence, schools, doubled in last two years. For instance,
colleges and universities benefit and make companies like DHL, Blue Dart, etc. have
more profits as more and more people highly benefited from the development of e-
become educated. commerce.
According to Bloomberg, the best paid, All in all, every invention, innovation, or
most vulnerable occupations include idea has two implications – creation and
accountants, benefits managers, credit disruption. Both of them are interrelated and
analysts, and various insurance stand true for almost everything in the
professionals. Low-paid occupations also business environment, from the introduction
tend to be most at-risk. They include of Uber – one of the largest radio taxi
cashiers, drivers, and food service workers. operator without owning a single vehicle, to
The best paid, least vulnerable occupations Airbnb – one of the largest Hotel chains
are doctors, dentists and CEOs. Some without owning a single room. Robert
lower-wage jobs with higher- Scoble once said, “Change is inevitable, and
education requirements are less likely to be the disruption it causes often brings both
automated. Hence, while some will face the inconvenience and opportunity.”
risk of losing jobs, others will seize the
opportunity of making greater profits and —————————————————
meeting their personal goals. An economics and finance geek, Vatsal
Apart from these, the evolution of e- Kothari is your go to man in your quest for
commerce has led to disruption in the retail discounts and bargain deals.
industry. The graph below shows the sales
of Amazon and retail outlets. Clearly,
Amazon is the winner.