The retail sector has been one of the brightest areas of job growth as the employment outlook brightens. But while the quantity of jobs is growing, the quality is dropping.
Actual career prospects in the retail sector have degenerated in recent years to the point that they can no longer be classified as "careers." The pay has gone down, the hours have gotten worse and the recession has made the field even more competitive. There is also a high turnover rate in the industry, unsurprisingly, so stores are spending more to recruit and train and skimping on pay and benefits.
If you still think retail is only for the under qualified teenagers, think again. In New York City, 78% of workers in retail are 25 years old or older and are often the sole providers for their families. (AP)
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Buzz Around the Office
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1. He lacks experience running a large company.
2. Talent is fleeing the company.
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