[Tech] Study: 'Instacart Effect' Created Tens Of Thousands Of New Jobs, Hundreds Of Millions In New Revenue

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CIG News – Study: 'Instacart Effect' Created Tens Of Thousands Of New Jobs, Hundreds Of Millions In New Revenue. News provided by Benzinga Tech, The tech sector is the category of the markets relating to the research & development and/or distribution of technological based services as well as goods.

Online grocery same-day delivery and pickup platform Instacart helped the grocery industry create 23,000 new jobs and $620 million in incremental revenue across just four states, according to a study by Dr. Robert Kulick of NERA Economic Consulting.

What Happened

Instacart's online platform helps to create jobs when it enters a local market and helped generate a full 4% increase in retail grocery employment in California, Illinois, New York, and Washington, Instacart said in a press release. Dubbed the “Instacart effect,” the online company serves as an “economic complement to …

Full story available on Benzinga.com

Source Benzinga

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