Axios

Amazon opened two drive-up grocery stores in Seattle and a bookstore in New York City last week, adding to a growing brick-and-mortar venture. The online retailer now has nine stores total — seven bookstores (with plans to open six more) and two grocery stores.

Why it matters: Amazon had $136b in sales last year — 43% of all online shopping. But there's a lot more money to be made in the offline retail industry. In 2016, e-commerce only made up $1.9 trillion of the $22 trillion in total retail sales, according to eMarketer, so the upside of expanding into the offline market is massive. And Amazon's experimentation in offline stores (using cameras to track customers to automatically charge for purchases and using mountains of data to track customer preferences and sales) could further disrupt retail employment — which has already been falling for four straight months.

Maine's Governor Paul LePage commuted the prison sentences of 17 male inmates last week, but with one catch: they have to find a job or enroll in some sort of job training, per NYT.

Although adding just 17 employees to the workforce may not seem a significant number, it could ring louder as a unique strategy to solving the state's scarcity of workers. "The tourist industry is struggling, can't find enough workers," LePage said on Tuesday during a local radio interview. "We are looking at every corner of the state to try to put people back to work. That's what the commutation program's all about."

A federal court has temporarily halted an FCC decision that boosted the major Sinclair-Tribune broadcast merger.

The details: The Republican-controlled FCC recently brought back what is known as the "UHF discount," which effectively allows broadcasters to cover more than the 39% of the country allowed under current rules — because it counts certain types of stations as covering a smaller area. That move has been challenged in court.

Why it matters: The UHF discount eases the acquisition of Tribune by Sinclair Broadcast Group, on of the major media deals of the year.

President Trump's economic advisor Gary Cohn rejected the criticism Friday that withdrawing the U.S. from the Paris accord is an "America Alone" policy.

"We're not America alone. We're part of a world, an important part of the world," Cohn told CNBC. "World leaders look to us. I was with the president at the G7 meeting in Italy last week. ... I saw the interactions he was having with the other G7 leaders. We have a very important seat at the the table. The other world leaders are always involved with us and we're involved with them. And we're going to continue to have that position in the world."

As for Goldman Sach's CEO first-ever tweet arguing that leaving the Paris deal was a bad idea? Cohn said he was "caught off guard" when he started tweeting that last night.

Free market enthusiasts often point to Europe's relatively high unemployment rates as evidence that their more activist labor laws, like mandating paid leave, sick time, and more generous unemployment benefits make it too expensive for employers to create jobs.

But according to a new analysis from the Federal Reserve Bank of New York, America's lack of workplace benefits may be causing the U.S. prime-age labor force participation rate — or the share of able-bodied workers aged 25-54 who either have a job or are actively looking for one — to lag behind European competitors.

American retail workers have now lost jobs for the fourth straight month, locking in a trend in which shoppers are spurning bricks-and-mortar shops and buying on-line.

The U.S. economy added 138,000 new jobs in May, and the unemployment rate dipped to 4.3%, according to a report issued Friday by the Labor Department. Markets won't be too disappointed with these headline numbers, even though job growth was below economist expectations by roughly 50,000.

Data: Bureau of Labor Statistics; Chart: Lazaro Gamio / Axios

There's a 50% chance AI machines will accomplish virtually every task better and more cheaply than human workers in the next 45 years, and once that is achieved, AI systems will rapidly become superior to humans, according to a new study conducted by researchers at Oxford and Yale.

Timeline of advancement: The research shows that there is a 50% chance AI will automate all human jobs in the next 122 years, but in certain tasks, humans will be outperformed much sooner:

The opioid epidemic. Stagnating wages. The anti-establishment political wave. All are linked to the start of a new industrial age in which robotics, automation and artificial intelligence are changing the nature of work. First for low-skilled workers, and soon for more skilled occupations, from truck drivers to lawyers, doctors and Wall Street analysts.