Expert: Lost Jobs At Toys R Us Will Be Gained Elsewhere

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PITTSBURGH (KDKA) – Toys R Us has announced it will be closing all of its stores in the United States, which will leave 33,000 employees without a job.
Dr. Antony Davies, an economics professor at Duquesne University says the lost jobs are a wound, but not a fatal one.
“It is something economists call creative destruction. That is, we lose some jobs in one place, but we gain others somewhere else,” he said.
The iconic Toys R Us