News

07/25/2019

Wall Street firms blamed for killing 1.3 million retail jobs

Published By

Fox Business

Wall Street’s gamble on retail is responsible for the loss of more than 1.3 million jobs in total over the past decade — an estimated 597,000 at retail companies owned by private equity firms and hedge funds, and another 728,800 indirect losses, according to a report released Wednesday by the Center for Popular Democracy and the Private Equity Stakeholder Project…

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