They will be cutting back on employees. I don’t see how they can avoid it.
If Amazon automates and Walmart refuses to do it, Walmart won’t be around another 50 years.
The only thing that slows this down is regulation. If the government levies taxes on automation that replaces human jobs such that it’s not cheaper to gave a robot do the work, then the company would only choose automation if the robot could truly do the job better.
Regulation needs to happen. But, citizens are not informed or involved enough to push it through.
Lack of planning for the labor force will result in a lot of angry desperate people with not a lot left to lose.
Historically, that doesn’t end well for wealthy people.
Although I highly doubt that anything like this is going to happen, @WEnZ63c-1rjp presented an interesting concept that would definitely save a lot of jobs if ever implemented.