Almost 170,000 retail employees lost their jobs in 2024, figures reveal
https://www.itv.com/news/2024-12-29/almost-170000-retail-employees-lost-their-jobs-in-2024-figures-reveal
Posted by F0urLeafCl0ver
Almost 170,000 retail employees lost their jobs in 2024, figures reveal
https://www.itv.com/news/2024-12-29/almost-170000-retail-employees-lost-their-jobs-in-2024-figures-reveal
Posted by F0urLeafCl0ver
14 Comments
UBI will be a requirement soon
All lower skilled jobs will be replaced, and a large portion of the country can only do lower skill jobs
The problem with trickle down economics is that you starve consumer spending power to the point it eventually hits business.
Not to say there aren’t other issues i.e massive centralised online retailers like Amazon hoovering up the competition from high street retailers and lack of spending power means consumers don’t even have the choice to support other retailers.
If you work retail, constantly check how your company is performing. Trends change all the time. Most of these closures have been in the cards for years.
And never buy gift cards to any retailer. Too risky.
Supermarkets have been investing in tech to replace cashiers for years. I wonder how many of the job losses can be directly attributed to this?
It’s sad but they can’t compete with Amazon for most things, choice, ease of delivery, and no hassle returns if needs be. The only thing I go to the high street for these days are clothes as I like to look at things and try them on before I buy,
These jobs are just getting replaced by warehousing, it’d be interesting to see how many warehousing jobs were created.
Market is shifting and the high street is dying. Has been fo years, everyone knows this.
Amazon is an unchallenged monopoly.
High Street rents are absurd.
Parking is ridiculous and costly.
A lot of this is due to poorly run companies and middle management being too top heavy earning all the money and doing everything to keep their jobs at the expense of lower paid employees whilst producing zero input.
When everyone is spending all their income on rent, there’s not enough left for retail spending. Retailers should lobby for more house building to alleviate the rent problem and get Britain spending on retail and other luxuries
The high street is dying, if not dead already. Most city and town centres these days are slums. Retail parks still do ok from the remaining few with some disposable income preferring to drive there rather than trudge into lawless dumps.
I was listening to Rory Stewart last night who was talking about how the UK is quite unique in the world in how unproductive our workers are, and the vast and terrifying numbers of people who don’t work and are on disability benefits. And how completely unsustainable it is, and how the politicians don’t understand why the UK is uniquely bad.
And it’s pretty obvious to me, it’s the end result of 14 years of neo-liberal austerity. People are broken in this country, the low paid jobs that at least used to offer survival, no longer even offer that. People have no hope in getting ahead, so they’re just… checking out of the social contract.
The other issue here is that the UK retail sector is totally homogenous. Same shops, selling the same crappy products in all uk high streets. I honestly think if we were to foster local small brands, we’d bring people back to shopping and away from online.
Wait till next year when the changes come into effect, bloodbath incoming.
Who would of thought putting a former complaints/tea fund accounts manager in charge of an actual economy would end so badly??