News

07/24/2019

Private equity’s role in retail slashed 1.3 million jobs, study says

Published By

Business Report

As The Washington Post reports, that total includes 600,000 retail workers, as well as 728,000 jobs in related industries. Women and people of color have been disproportionately affected as debt-ridden retailers close thousands of stores, according to the soon-to-be-public report by six nonprofit organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular Democracy.

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