The future is here and it may include robots taking your jobs
The future is here and it's brought robots that are trying to take your job.
Wal-Mart has introduced the Cash360 machine to thousands of its stores across the country.
The machine digitally deposits money at the bank which earns interest for Wal-Mart faster than sending an armored car.
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It also counts eight bills per second and 3,000 coins a minute.
The Cash360 machine might be a win for Wal-Mart, but it's a loss for the thousands of people who were counting cash at Wal-Mart stores.
A Wal-Mart spokesman said most of the employees who held that job were moved to other jobs in the store but more than 500 have left the company.
It's not just Wal-Mart employees who should be worried. A 2015 report by Citi Research said two-thirds of US retail jobs are at "high risk" of disappearing by 2030.
With Nearly 16 million people in the retail industry, the increase of automated machines replacing workers might seem terrifying.
However, some executives such as Home Depot's CFO, Carol Tome, say they don't plan on using the machines to replace workers but would instead introduce those workers to other tasks such as selling.