After Retail, What?

For years, the architects of the global economy have claimed all the American manufacturing jobs lost to nations with cheaper labor would be replaced in other sectors of the economy.

Many people who once worked the line for a decent wage, found themselves taking low-paying jobs in retail.

Now, where are those people supposed to work, I wonder.

From the New York Times:

Since last fall, eight mostly midsize chains — as diverse as the furniture store Levitz and the electronics seller Sharper Image — have filed for bankruptcy protection as they staggered under mounting debt and declining sales.

But the troubles are quickly spreading to bigger national companies, like Linens ‘n Things, the bedding and furniture retailer with 500 stores in 47 states. It may file for bankruptcy as early as this week, according to people briefed on the matter.

Well, I guess if worse comes to worst people who used to work at the mall can try sneaking across the border into Mexico. I hear they've got work down there.