Manhattan has been the slowest to recover out of the five boroughs, accounting for 32,862 of the job losses, or a 20% decline from pre-pandemic levels, largely because of remote work trends, accord…
The number of retail jobs in New York City plunged by nearly 40,000 compared with pre-pandemic levels as remote work, automation and the rise of e-commerce have caused businesses to cut hiring, according to an industry survey released Thursday.
“As people are working from home, they are more apt to click to buy than walk into a store,” Bowles said, “and it’s around this time that automation began to accelerate.” “The pandemic accelerated a decline in retail jobs that has been happening since 2015,” Bowles said, when there were 347,400 retail jobs.
Many of the jobs that were lost provide a middle-class income. The average wage across all retail sectors is $53,900, according to the Center for New York City Affairs.
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