I think this is distressing for jobs on several levels. Knocking out seasonal retail jobs during the holidays leaves a huge mass of the public expecting to fill the cyclical unemployment for the year. Teens and college students depend on these low-paying hourly wages to supplement the season's trend of spending. Many families also depend on the jobs in retail to supplement other careers in order to pay for the holidays and the worker's families. Without the temporary positions provided by holiday hiring, people are not able to spend more money, thus also effecting the retailers themselves.
-Colin
http://www.nytimes.com/2010/10/06/business/06hiring.html?_r=1&scp=1&sq=retail%20labor&st=Search
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ReplyDeleteWow. I wouldn't have seen this coming. Its interesting and we should keep an eye out on how this continues to go along because the benefits that the stores might be getting is really intervening with teenagers who expect to have those retailer part time jobs that are typically seasonal.
ReplyDelete-Jacky