Check out this article, do you agree with the predictions and assessments it makes about some of our sectors of industry?
America’s 25 Dying Industries
Samuel Stebbins and Evan Comen, 24/7 Wall Street
An estimated 141.9 million people are working in the United States, up 4.8% from 10 years ago. While the economy as a whole grew at a healthy pace, workforce growth was far from uniform. A handful of industries more than doubled in size, while others shed more than half of their workforce.
Nearly every industry is the U.S. economy is subject to the powerful and often unpredictable forces of the free market. In recent years, globalization and technological advancements have fundamentally changed the U.S. economic landscape. For better or worse, industries that at one time seemed unassailable now appear to be hanging by a thread.
24/7 Wall St. reviewed annual employment data from the Bureau of Labor Statistics from 2007 to 2016 to identify the fastest dying industries. Industries on this list shed between 42% of workers on the lower end and as many as nearly 90% in the fastest dying industry. Read More