News

07/29/2019

How Wall Street’s Investment in Retail Killed 600,000 Jobs

Published By

Footwear News

Wall Street is destroying retail jobs, according to a new study from the Center for Popular Democracy. The report found that private equity’s investment in retail has led to the direct elimination of 597,000 jobs in the past decade and that am estimated 728,000 people have lost their jobs as an indirect result of firms’ investments.

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