Further to my ongoing ravings about minimum wage and how it is killing us, we have news. Walmart is doing an experiment.
Amazon is kicking their ass lately, is what this boils down to. The "virtual reality, autonomous vehicle and drone delivery" part is to reduce employee headcount in the store. "Personalized shopping" is code for data mining. They track your every move in the store, and on-line, then serve you advertisements based on your behavior.Wal-Mart Stores Inc. is creating a technology-startup incubator in Silicon Valley to identify changes that will reshape the retail experience, including virtual reality, autonomous vehicle and drone delivery and personalized shopping.
The incubator will be called Store No. 8, a reference to a Wal-Mart location where the company experimented with new store layouts. Marc Lore, chief executive officer of Wal-Mart's e-commerce operations, announced the incubator Monday at the ShopTalk conference in Las Vegas.
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