5 dying (and 5 thriving) industries

As the economy shakes off the effects of the Great Recession, some sectors are being left behind by the new realities. Others, however, are getting a big boost.

 of 12
 of 12

VIDEO ON MSN MONEY

464Comments
Nov 25, 2012 11:50AM
avatar

And I'll bet, to the person, everyone of you people who are so worried about the manufacturing base of our country ran to WalMart or Best Buy (some maybe even camped out in front of the store) or Home Depot or Macy's or Sears or JCP (Penney's) on "Black" Friday to get in on the incredible deals on the cheap, foreign-made merchandise they were selling.

 

I know it's almost impossible to buy anything American made in America anymore but the frenzy we display on Black Friday does nothing  but encourage the retailers to bring in more and more of the crap.

 

Stop buying it and demand American Products and, eventually, we will see things turn around.

 

The Government in not going to do it for you.

Nov 25, 2012 11:40AM
avatar
the truth about the fridge is: citys are encouraging new and even paying part or all of cost because the older(10+) are terribly energy wasters......where I live they are trying for every fridge in the city to be 5 yr.old or newer.
Nov 25, 2012 11:39AM
avatar
If my 5 yr dishwasher breaks and the repair man tells me it will $550 to fix and I can buy a brand new one for near the same price, the sensible thing to do is buy the new one, right??  It's a shame they don't make them as good as they use too, and unfortunately it's intentional I believe.
Nov 25, 2012 11:36AM
avatar
We don't prefer to head over to Best Buy and buy a new appliance, it just costs less to buy a new one than it takes to fix the old one. Case in point, we bought a dishwasher two years ago for $350.00,  it broke down and will cost $450.00 to repair it.   Disposable world we live in. I would prefer to spend  more on original purchase to get a relaible and lasting product.
Nov 25, 2012 11:31AM
avatar

Some of your dying industries are dead and have been for years.

 

One industry that is now shrinking and will get considerably smaller over the next decade is the defense industry.  There are fewer big contracts and those that are signed are for lower dollar amounts than in the past.

 

The military will still be a big customer, but not as big as they were the past generation.  Some companies will move to other sectors and stop dealing with defense contracts, others will get much smaller. Boeing is closing plants in California as it reduces the size of its defense business.

 

BAE just tried to merge with EADS and will now likely have to close some operations. And other industry giants will probably have to do the same.

Nov 25, 2012 11:23AM
avatar

If all the idiots out there are buying at WalMart where 85% of the products are made in China would wake up, we would have a better America.  Demand American made products by NOT buying made inb China crap.  Most of these cheaply made in China products do not last, they are bought and then thrown away.  This goes for tools, clothes, appliances, electronics, etc.  We are creating a throwaway society with thee cheap products.  Buy American, Hire American.....in other words....SAVE AMERICA!

Send all the illegal aliens back to where they come from by not hiring companies that hire them.  Send illegal aliens home by not buying products from companies that hire illegal aliens.  This country is in a mess and the leadership has NO clue what to do.  Wkae up all you idiots and demand that this crap stop! 

Nov 25, 2012 11:19AM
avatar

Printing  is another fading industry. The internet has allowed everyone easy access to newspapers, store catalogs and financial reports to name just a few. Hopefully it will last at least another 5-10 years.

Nov 25, 2012 11:10AM
avatar
The warranty business.  That is a thriving industry invented and peddled to homeowners as a necessity because nothing  is designed  to last longer than the manufacturers warranty.  Hot sauce and pilates?  Those are fads.  Our economy has been failing for decades.  
Nov 25, 2012 11:09AM
avatar

I worked for several High Tech companies in Massacchusetts. I loved being an electronic  technician and troubleshooting to component level. I was layyed off in 2007 when a Japanese firm offered the owner millions of dollars for the company. The President and CEO took the money and left 200 of us un employed. Now I drive special needs kids in a van  but, have gone back to school for Medical Office Assistant. I still get calls now and then from Temp agencies asking me if I want a 30 day gig stripping wires or soldering. What a joke. What few high tech companies are left employ Chinese and Vietnamese women to do their soldering and the places are run like a sweat shop. Lots of yelling at the workers and of course everyone is nervous. All this yelling and the rush to get  the job shipped can cause prblems later down the road. One miswire can cause a helicopter to fall from the sky. All the big wheels in the companies care about is quantity being shipped.Not quality. They need to make that BMW payment.

 

Nov 25, 2012 11:08AM
avatar
My politics are short a sweet like the old woman's dance. I'm in favor of a national bank, internal improvements and protective tariffs. A real smart guy said that once. Still may be something to build on?

p-q4
Nov 25, 2012 11:06AM
avatar

I love how every one is putting the blame on the president and the government for everything with no accountability...quit watching crap on tv like honey boo boo and get a diploma. Education will always thrive. And I do not want to hear about the cost of furthering your education either b/c the time you spend watching housewives of beverly hills can be spent by working a part time job. Its so easy to blame obama guns medicare or whatever...ACCOUNTABILITY

Nov 25, 2012 11:00AM
avatar
Insofar as the appliance repair industry aspect of this article goes, I submit that even if most consumers of means replace a broken appliance with a new one the old one is repaired if worth it and returned to service in the used pre-owned appliance market which will probably grow as inflation rears its ugly head in the next decade.
Nov 25, 2012 10:48AM
avatar
I for one attempt to purchase American made clothing whenever possible.  Despite the claims of sweatshop conditions, where else will tens of thousands of high school drop outs find work.  this industry is labor intensive and a perfect cure for the unemployment of the uneducated.  i worked in the garment industry for several years before getting my education.  yes it is hard manual drudge work.  But the company I worked for employed of immigrants and uneducated  people.  The extra 10% price for American made is better than paying  welfare and having my taxes going up all the time.  Buy American!  Think of the long term instead of the shirt term.  There are TVS made in America.  There are shoes made in America.
Nov 25, 2012 10:46AM
avatar
unions are why companies have to outsource!
Nov 25, 2012 10:42AM
avatar
related to one of the top 5 thin film photovoltaic scientist in the US. I know that the most efficient panel today is a whopping 14% efficient. Wow... 14%. if your auto got 14% from a gallon of fuel, petrol, you need a brain and an auto that works. Mostly a brain. Solar does not work, pay for it self, costs taxpayers billions of dollars to prop up, like 'wind', great investment. Lets help out the buggy whip makers!
Nov 25, 2012 10:41AM
avatar
So you are going to lie to us and tell us after bankruptcy after bankruptcy that The Obama's Solar energy is Thriving?  Please put a better coating on your propaganda.
Nov 25, 2012 10:40AM
avatar
I remember reading back in the 60's, they (not sure who is they) were saying that, 'someday there would be more people then there would be jobs to be filled.' Have we reached that point in time. I think there is going to be change, when the top officers of bankrupt companies are making millions of dollars and then ask the labor force to take a pay cut, while the cost of living is going up. This, to me can not continue. This plus the total outsourcing and automations of jobs has added or has taken many jobs away.
When wii jobs return to the US? We all can guess, I just hope we do not see the issues that we read about in the Middle East and the Far East.
Nov 25, 2012 10:35AM
avatar

I'm the type of person that will go ahead and let a person do a job knowing he will do it wrong,then asking the person why they think they are so smart. obama is an exception. Everyone knows he has very limited experience in pretty much all aspects of what is going on around him,but people think he incapable of screwing anything up. Even when a blind man could see it.

Nov 25, 2012 10:32AM
avatar

Can we count on hot-sauce production and pilates studios to compensate for the loss to our economy of such minor industries as clothing and shoe manufacturing, and cloth dying? The "five up, five down" format may be intended to give the appearance of balance and a feeling of equanimity, but anyone who thinks about the implications of what they are seeing should get a feeling of trepidation for the future of a nation of 300,000,000 people?

Nov 25, 2012 10:29AM
avatar

I saw first hand that manufacturing was dying for the American worker during the clinton administration.

 

Production orders, wages and hours went down; long term, highly skilled workers layed off and replaced unskilled with illegal immigrants.

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.

The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.