Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms and hedge funds have lost their jobs, while the sector as a whole added more than a million positions, according to a report by the Center for Popular Democracy and the Private Equity Stakeholder Project. The workers advocacy groups estimate that another 728,000 “indirect jobs” have disappeared at suppliers and local businesses, bringing the total casualties to about 1.3 million.

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