My friend Barry Ritholtz wrote a recent Bloomberg column on the decline of retail that I think really hits the nail on the head. I wrote about the problems at Sears/Kmart and 178,000 employees at risk a few weeks ago. But it is clearly more than Sears losing out to Amazon. Barry gives us the statistics that show how completely out of whack and unrealistic the amount of retail space is that we have in the US compared to the rest of the world. This is not going to end well, and it is going to cost us – my guess – at least 1 million service jobs over the next few years.