Twenty-5 years ago this August, the Mall of America, America’s largest procuring mall, opened its many, many doorways for business. The Minnesota mall is presently wrapping up a 12 months of celebration on the dizzyingly vast temple to consumerism. It’s a celebration that comes, sarcastically, as America’s malls are dying. But not the Mall of America.
The dying of America’s malls might not affect cities in the same means that their start did, destroying many of the country’s downtowns. But the shift from brick-and-mortar shops is already reshaping the employment market. Just as Macy’s, Sears and co used to anchor US malls, retail employment has been a stable anchor for the jobs market, producing on common 200,000 jobs per year within the 2014-6 period. The retail trade has lost a median of 9,000 jobs a month this 12 months, according to the Bureau of Labour Statistics, compared with common month-to-month … Read more