This article keeps a list of the number of locations that retail stores have closed this year alone. The article attributes the numbers to the high tariffs that have been imposed by the US and Chinese governments. The author also talks about how there is also a need to consider that many stores are closing because of the e-commerce boom that has been happening and that will continue to happen for the foreseeable future. Where are all of these jobs going to go? Along with that what will happen to all of the empty stores that were previously occupied?
Link to article: https://www.usatoday.com/story/money/2019/07/03/2019-store-closings-list-these-retailers-shuttering-locations/1597997001/
I can see these jobs shifting into heavier service sectors where the goods will be made more accessible to consumers without them having to actually go to stores.
ReplyDelete