Something shocking and unprecedented in the latest unemployment report: the newly unemployed making $200k+ exceeded those at the bottom end scraping by on $25k. Now imagine the outsized impact this has on discretionary spending — yuge. Popping the bubble in excessive “tech” salaries will crush Nordstrom. A great crisis is looming.
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Another recognition meeting should fix it…
U know what else crushing nordstrom? Excessive salary in underperforming stores and unproductive managers.