Summary: Recently, Amazon announced that it will spend $700 Million (USD) to retrain its employees. Why are they doing this? Simple: automation. They know that a displaced workforce would be bad political mojo at a time when the giant is facing increasing calls for regulation, even potential anti-trust action.<br> <br> Anti-trust laws in the US were made largely in reaction to the Standard Oil Company and its founder John D. Rockefeller.<br> <br> In this DataPoint, Frank notes how Jeff Bezos just may be the Rockefeller of our day.
