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June 24th, 2011, 12:26 PM #1
10 Doomed Industries
- Join Date
- January 18th, 2005
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).
Even so, some industries will never recover because they're destined to go the way of milkmen and carriage makers. Which ones? Market research firm IBISWorld Inc. recently combed through a trove of data to determine the answer to this question.
The result: A list of the 10 worst industries in America, ones that had a steep decline in revenue in the last decade and are forecasted to further contract even more in the next one. Some of the industries on this list will not shock you, but others will be surprising.
Extinction is a hard word, but unfortunately that's what all these sectors are facing, due to external competition, technological change and lack of innovation. If you're looking for work in one of these doomed fields, you may want to consider a career transition, and quickly.
Last edited by Merchant Consultant Team; June 24th, 2011 at 12:27 PM. Reason: typo
June 24th, 2011, 12:34 PM #2
Very interesting list - some industries there are obvious, but others I would have never thought of.
June 24th, 2011, 12:50 PM #3
Glad to see that affiliate marketing isn't on that list!
Many of the industries listed have been doomed for a long time.
June 26th, 2011, 12:21 AM #4
- Join Date
- June 22nd, 2011
Well, I guess I should be glad I didn't make it as a video editor after all..
June 26th, 2011, 06:30 AM #5
Have to agree with Affiliate Hound..some obvious, others not so.Joey
Myrtle Beach SC
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