“Retail has long been a source of both low-skill entry-level jobs and well-paid careers. Yes, people love to browse and stroll down the mall or shopping district, and this social/novelty function will continue. But can retailers make money off of people browsing? If retail contracts, what does this do to skyhigh commercial property valuations?  The same can be asked of cubicle-farm office parks. As telecommuting and contract labor expand, the need for energy-wasting office parks and long commutes will also decline.  What all this calls into question is the entire financialization (debt-based)-consumerist model of ‘growth’ and employment.”

http://charleshughsmith.blogspot.com/2012/09/the-inevitable-decline-of-retail.html

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