Skip to comments.Where the Jobs Aren't: 10 Doomed Industries
Posted on 06/24/2011 3:06:14 PM PDT by Sen Jack S. Fogbound
Where the Jobs Aren't: 10 Doomed Industries
by Jessica Stillman
Monday, June 20, 2011
The recovery may be rocky at the moment, but when it picks up steam, confidence will increase, jobs will return and the Great Recession will become an unpleasant memory (and perhaps a useful subject from which to draw policy lessons).
(Excerpt) Read more at finance.yahoo.com ...
I guess this falls into the category with lamplighters, buggy repair, street sweepers, TV repair shops, phone operators and Saturn car salesmen.
I did not see the category of “My business” or “Your business” anywhere on that list.
Because, there are no more jobs in either one of those.
Let me assist the reader...(nothing surprising here)
Calling Cut on Video Post-production Services
Extra! Extra! Newspaper Publishing on Its Last Legs
Apparel Manufacturing Unraveling Fast
Textile Mills Still in Existence ... Barely
Formal Wear and Costume Rental Can’t Disguise Decline
Digital Killed the Record Store
R.I.P. Video Rental
Death of the Local Photo shop
Homes on the Move ... Downward
Unplugging Wired Telecommunications Carriers
And you can add store clerk to the list. Most things that are sold in a convenience stores can be put into a vending machine.
Yeah, most of those mentioned are simply a result of technological progress. But the textile industry is a victim solely of 40 years of American inflationary policy that has made it too expensive to survive in the United States.
Our government is chasing jobs overseas.
Having actual workers is the worst thing for any business. No sarcasm intended, it’s the literal truth.
I’m making more money since I got rid of my employees. Revenues are half, but my overhead and expenses are now nothing. Bottom line - more in my pocket. If I can’t do it myself, it won’t get done....red
Jobs are always going in a dynamic economy. The problem is jobs are not coming into existence in large enough numbers because of tax, regulation, government spending and the threat of more of each.
And the media remains firmly in the tank for Oboingo...
If I had a kid that wasn’t college mat’l and didn’t want the military, I’d direct him/her to HVAC, appliance, or auto tech.
No matter where the stuff is mfg, the install and repair will be around. And the complexity is going up fast making the home/car owner less able to DIY.
Extra! Extra! It couldn't happen to a more worthy industry.
Some of us are surviving just fine, even growing at the expense of cheap commodity product sourced in Asia. It's not as if we're running around nekkid en masse either, lol.
Some things require speed to market, a high degree of flexibility and lot quantities insufficient for container shipping to be cost effective. High volume, low margin. Low volume, high margin. It can be made to work with enough throughput. Takes some serious stamina and an eagle eye though.
Additionally, there is enough sample business from apparel with the actual high volume production sourced overseas to keep a domestic company reasonably busy. Communication problems, speed, the ability to actually be hands-on all play into creating a situation wherein buyers are very leery if not downright sick of trying to get samples outside the domestic environment.
Currency distortion in the form of a cheap dollar actually helps domestic apparel manufacture too, believe it or not. So, this death knell is not just premature, it's wrong.
The two that surprised me a little were the formal wear/costume shops and prefab housing, though the latter isn’t such a surprise given the current housing slump.
But I figured there’s always gonna be a need for tux rentals. Guess I was wrong on that, too!
I want to see a list of predictions of industries that have not yet shown serious downturns. Example: satellite or cable TV. Talk radio. Health insurance.
toilet tissue manufacturers
"Coal, check; natural gas, check; petroleum exploration, drilling, refining, check; nuclear power, check; hydroelectricity, check; electronics, check; aerospace, check, farming, check..."
“Would you be liking to have frrries with your beverage and your burger with cheese or shall you be liking for a hot ahpple pie for if you do it will be adding one American dollar and forty-nine American cents if you do, will you be liking to do this?
India won’t cut it. The drivethrough would back up onto the street within an hour.
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