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April 12   -   ArtsJournal: music

Why America's Retail Stores Are Closing Down

"There’s little doubt that e-commerce companies have dramatically changed the retail industry, and delivered enormous gains in efficiency and productivity. Yes, there would be more traditional retail jobs in this country if Amazon didn’t exist. Companies like Amazon are able to produce the same amount of economic activity as traditional retailers, with many fewer man hours of work. But, in general, those kinds of productivity increases are considered a good thing; it’s virtually impossible for the economy to grow in a meaningful way without such leaps in productivity."

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