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10 Comments
UBI will be a requirement soon
All lower skilled jobs will be replaced, and a large portion of the country can only do lower skill jobs
The problem with trickle down economics is that you starve consumer spending power to the point it eventually hits business.
Not to say there aren’t other issues i.e massive centralised online retailers like Amazon hoovering up the competition from high street retailers and lack of spending power means consumers don’t even have the choice to support other retailers.
If you work retail, constantly check how your company is performing. Trends change all the time. Most of these closures have been in the cards for years.
And never buy gift cards to any retailer. Too risky.
Supermarkets have been investing in tech to replace cashiers for years. I wonder how many of the job losses can be directly attributed to this?
It’s sad but they can’t compete with Amazon for most things, choice, ease of delivery, and no hassle returns if needs be. The only thing I go to the high street for these days are clothes as I like to look at things and try them on before I buy,
These jobs are just getting replaced by warehousing, it’d be interesting to see how many warehousing jobs were created.
Market is shifting and the high street is dying. Has been fo years, everyone knows this.
Amazon is an unchallenged monopoly.
High Street rents are absurd.
Parking is ridiculous and costly.
A lot of this is due to poorly run companies and middle management being too top heavy earning all the money and doing everything to keep their jobs at the expense of lower paid employees whilst producing zero input.
When everyone is spending all their income on rent, there’s not enough left for retail spending. Retailers should lobby for more house building to alleviate the rent problem and get Britain spending on retail and other luxuries
The high street is dying, if not dead already. Most city and town centres these days are slums. Retail parks still do ok from the remaining few with some disposable income preferring to drive there rather than trudge into lawless dumps.