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Date Posted: 16:32:06 3/17/23 Fri
Author: Jasper
Subject: How does a secular decline in the economy begin?

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Walmart is also closing two large warehouse complexes near me in greater Philadelphia. That’s the downstream result of closing over 200 of these “shrinkage” stores. About 4% of Walmart’s total number of stores are closing, not counting the number of warehouses and support staff associated with those stores.

So come April 1, when all those local Walmarts have closed, the staff is given their final severance package. When the leases have all been given back to the real estate owner, perhaps it will begin to dawn on Portland and the other communities that this is permanent. When the signs for the old Walmart are gone, and the parking lot is empty. And you’ll get that funny feeling in the pit of your stomach as you drive by that something has disappeared forever, sad. We’re not the community that we used to be. It’s depressing.

And that, my internet friend, is how a secular decline begins.

https://www.independentsentinel.com/how-a-secular-decline-begins/

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