This Dramatic Chart Shows How The Retail Apocalypse Is Affecting Jobs Across The Country
by MR Magazine Staff
Oct 06, 2017
Online shopping now accounts for over 10% of all retail sales in the US, and it’s no secret that it’s affecting retail jobs across the country. Department stores, which have been declaring bankruptcy at an alarming rate, have been one of the hardest-hit segments. According to a new report on the Federal Reserve of New York’s Liberty Street Economics blog, jobs at department stores — such as salespeople and cashiers — have fallen to their lowest levels in decades. At the same time, non-store retail jobs —like back-office functions and warehouse employees for companies like Amazon — are at record levels. Read more at Business Insider.
