The closure of some big names shops (think HMV) has been hogging the news for the last 15 months. But the truth is the shrinking of the retail workforce has been happening for 15 years now. From an economy wide perspective we might not worry – the reductions in retail jobs have easily been absorbed by employment growth elsewhere. But it’s not all a seamless transition – retail workers now have the highest risk of redundancy or unemployment of any sector, having been low or middle risk earlier this century. Government can’t stop big economic change happening (peak stuff is our fault) – but we can help those left behind by that change.
Chosen excerpts by Job Market Monitor. Read the whole story at Top of the Charts: Five cunning plans to get us out of this mess… – Resolution Foundation