Investing in Predators: e-commerce will result in 40 million sales jobs disappearing

http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time September 24, Russian internet investment giant Alligator Milner (Yuri Milner) In a Ukrainian forum last week, the outlook for the retail industry was pessimistic, and a large number of jobs in the industry were expected to disappear in the future.

"In the next 20 years, there will be a big reduction in the retail sector, with 40 million jobs being cut," Mr Milner said. "Mr Milner believes that about 6% of the retail transactions are now completed online, and 10 years later the figure will increase to 20% and 20 years to 50%."

Mr Milner believes that the global economy will benefit enormously if the 820.html "> online retailing business continues to grow." Such growth will boost efficiency by 8%.

And the 40 million sales jobs disappear is not as bad as expected. Mr Milner argues that most of the lost Low-wage retail positions will be replaced by high-paying technical jobs.