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Study Says 20% Of Mall Space Should Close To Achieve 2006 Productivity

One of the lingering economic debates concerns productivity growth.

Despite reports we see nearly every day that robots are taking jobs (a fact that should make productivity rise) something has gone amiss.

Productivity is measured as the output of goods and services per hour worked.

Productivity growth slowed dramatically since 2011.

US Nonfarm Productivity

(Click on image to enlarge)

Why the huge slope change if robots are taking jobs away from people?

Too Many Stores and Too Much Mall Space?

The Wall Street Journal reports Department Stores Need to Cull Hundreds of Sites, Study Says.

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Department stores need to close hundreds of locations if they want to regain the productivity they had a decade ago, according to new research from Green Street Advisors.

The real-estate research firm estimates that the closures could include roughly 800 department stores, or about a fifth of all anchor space in U.S. malls.

Sears Holdings Corp...