Retail Employment Is, It Turns Out — A Problem

As you probably know, America is a consumer-driven “service” economy (i.e., we don’t make a lot of stuff anymore, and most of our people don’t work in manufacturing or mining — and most of our people spend every dime, saving almost nothing).

So I was surprised to read this paragraph in a The Atlantic article:

Between 1950 and 1990, retail employment grew more than 50 percent faster than the general workforce did. Since 1990, it’s grown 50 percent slower. Retail now employs fewer people than it did in 1999. And those people work significantly fewer hours, too

Source: http://electricalcontractor.com/?p=10617

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