Dive Brief:
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Larger retailers with several layers of employment possibilities pay well when compared to smaller retail stores, according to a study by the private nonprofit nonpartisan economic research organization, the National Bureau of Economic Research.
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Workers with a high school education earned 15% more at larger retailers (1,000 or more employees) than smaller ones; those with a college education earned 25% more than at smaller ones. Larger retailers are also more likely to hire people with a college education.
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Regardless of education or size of the retailer, women suffer a 20% wage gap in retail compared to male employees.
Dive Insight:
While many public policy makers and economists bemoan the flight of U.S. manufacturing overseas, this research shows that large retailers do provide financially good opportunities, at least for the college-educated, managerial layer in their company hierarchies.
The problem, of course, is that many manufacturing jobs are a way for less-educated workers to make a living wage. The study also shows how important retailers are to the financial stability of the American workforce.