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.

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VIDEO ON MSN MONEY

464Comments
Nov 25, 2012 9:29AM
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The automotive industry in the U.S. is one of the areas that is doing fairly well now that they have re-organized and are making more efficient autos.  Even most of the foreign car manufacturers have assembly plants here and provide good NON UNION jobs in communities that had limited opportunities.  The repair/service part of it does well also.  Anyone who has taken their vehicle in for service lately can tell you that.

 

My belief is that unions have overstepped causing manufacturing jobs to go elsewhere.  You can't pay unskilled workers the kind of wages unions demand and compete in a global market.  Think about that while you eat your last Twinkie.

Nov 25, 2012 9:19AM
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Pass the FairTax bill in Congress and manufacturing will come back to American soil.

 

Nov 25, 2012 9:05AM
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There is more than one way of looking at the "dying" industries.  I prefer American made clothing, but have a very hard time finding it.  The outsourced brands are very unreliable.  A batch of' travelers socks' may be comfortable, well-made and the size as marked one time, but going back to the same company and buying the same socks the next time is a crap shoot. It would be nice to be able to buy American-made shoes, or shoes from Brazil, Mexico, Spain and a bunch of other places who make shoes well.  Instead they come from China, and the shoes are too low across the foot, the toes are cramped, and the heel cup is enormous.  Forget about the sizes being as marked.  Appliances are over-complicated, unreliable, and finding someone who knows how to repair that model?  Forget it.  You buy a new clothes washer and get a whole new set of problems because the computer (a computer, really?) won't reset after the first time you clean out the lint fillter.  And by the way, the sales person didn't mention that you need to spend nearly $300 more on a base with a silly drawer that doesn't slide properly, because you need the extra height to put a bucket under the drain hose, which is inconveniently located at the bottom of the washer, and drain the whole thing before you can clean out the filter. Buying an American brand like Kenmore won't help, because a) it's made someplace else, and b) Sears no longer has anybody available for repairs, according to a friend of mine. His search for a simple washing machine and attempts to get one that actually worked, or getting Sears to honor the warranty is a real saga.   Anyway, I could go on but you get the idea.  Eventually the companies that survive will come home because the cost of doing business elsewhere has gone up too much.  It's ironic that the Chinese have created a high demand for American-made goods in their own markets because they associate those goods with high quality.
Nov 25, 2012 8:52AM
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Nobody seems to pick up on the fact that the repair bills on appliances have made it more practical to buy new.  It, if I remember right,  it costs you $65.00 for the guy to show up and then the hourly cost, plus parts.  To me in most cases would dictate buying new.  Not to mention when you can get them to show up, which sounds crazy if their not busy anymore.

 

If you live in Florida getting anyone to show up, much less on time is no small undertaking.  You would think in these times they would be beating a path to your door.

Nov 25, 2012 8:51AM
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Idiots!  Solar energy and electric vehicle technology will be ending in 20 years.  FACT: US now passes Russia as gas producer.  Fact: US will not need Saudi Arabian oil as fracking technology improves.
Nov 25, 2012 8:47AM
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Glad I did secondary education when research was the expected norm and an "A"  was an "A". Bet these MSN pundits are recent grads, perhaps from "for profit' edumacation mills. On this latter topic, MSN is all wet, once again. The data show a completely different trend from what these coddled writers aver. As usual, big government is firmly ensconced in the evil causal web. As with predatory home mortgage lending, the loose college loan dollars were huge incentives to borrow like mad to "attend" these money grubbing "juniorversities".  (Ask grandma about oil money  for all our asphalt  road infrastructure at the expense of the railroads, and you'll see a pattern. Can you say LOBBYISTS?) So the promise of jobs never really worked out (blame Bush, not Obama), lots of kids who really never were college material for starters are now saddled with (non dischargable- K Street, again) debt, living with parents, and way behind the American dream 8 ball. College loan debt now exceeds that of the toxic mortgages, and now folks are hip. So they are opting more for community colleges, state schools, etc., avoiding The "University" of Phoenix and their ilk, and avoiding debt. MSN staff, do your homework for a change.. Begin with the steep  falls in equity prices. Hope and change, sheeples. And they're just getting warmed up in DC. Watch your legislators, lobbyists, and predator drone Barry.  Aa.
Nov 25, 2012 8:47AM
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so many "pill-heads".   Young and old alike are becoming drug addicts, with the help of "legalized drug dealers", aka our physicians.
Nov 25, 2012 8:41AM
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it's not that we WANT to buy appliances when one breaks.....the companies make it difficult for repair people to get parts for affordable prices, or they discontinue parts to force people to buy new.  Some companies (Sears for example) charge ridiculously high repair prices, if you do not 1st buy the overpriced "warranty" when you buy their product, and makes it impossible for private repair techs to get parts.  It's the appliance industry that's wasteful and killing the repair indusry, NOT the consumer.
Nov 25, 2012 8:38AM
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Solar Panels? Sorry if it's manufactured and is in demand it will be produced overseas. What is dying is American labor.
Nov 25, 2012 8:35AM
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Whose the nimwit who wrote this totallu USELESS article. Give this boy/girl some real work to do. REDICULOUS.
Nov 25, 2012 8:21AM
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My old occupation was repairs to consumer electronics and appliances.  This ended in the early 90's.  I switched careers and now looking back am glad I seen the handwriting on the wall.  Local repair shops for many items have disappeared for lack of customers and the necessary large profits to keep the doors open.  As long as import labor products can undermine any jobs in the USA the trend will continue.  I see the trend in automobile production, many imported brands are far far superior to the former big three.  I used to be a GM brand loyalist, no more.  High prices and poor quality will chase the non performers into oblivion.  Also, bartering for goods and services will return, due to worthless dollars.  I see alternate energy industries are shown to be a trend, until payback times for such investment are shortened substantially, this will fizzle out quickly.     
Nov 25, 2012 8:19AM
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wow this article is horrible.  Solar Panels, really.  have you noticed that Evergreen and Solyndra have filed for bankruptcy, they made solar panels.  In addition, SatCon Technology (maker of Solar Inverters) has just filed for Bankruptcy.  So sure go ahead and make solar panels.....wow what a bad article.  figured I would learn something, I guess not.
Nov 25, 2012 7:50AM
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The reason industry is dying , the townships are doubling the taxes . I am in an area where the highlands act has stopped all development ,only previous applications are being considered and they are for housing which will put more of a burden on Schools and other services . Towns should be more Industry friendly .
Nov 25, 2012 7:14AM
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Solar panel companies thriving? Doesn't MSN read the news? How many U.S. solar panel companies have failed in the past few years? 
Nov 25, 2012 7:09AM
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Is wallmart stronger than government.

he send over 1 million job to china

82% of his workforce are on food stamp and welfare system

Nov 25, 2012 6:53AM
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Hot sauce production??!!.......REALLY??!  I'll tell ya what, I'd rather get my refrigerator fixed before I go out and purchase new and I'd rather buy my shoes from America before I get some cheap pieces of garbage made in China.  And what happens when Best Buy goes under as predicted??  Do we order our refrigerator online and hope that the shipping from overseas isn't going to double our cost??  We did this to ourselves by opting for cheaper goods made by other countries.  Now it's time to decide if the savings were worth it. We've become a minor force in the economy of the whole world.  America can't even make a shoe?? 
Nov 25, 2012 5:49AM
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It's often more expensive to repair an appliance than to replace it with a new one.  Even when it costs less to repair, it's still impractical to put the kind of money it takes to repair a machine that is several years old and likely to break down again.

 

Case in point, our front loading, high efficiency washer broke down at just over ten years old.  The main bearing carrier broke which caused damage to the drum, and the bucket it sits in.  Those parts were damaged when the bearing housing broke.  The drum, the tub, the bearing housing and other parts were going to cost 1300 dollars, plus the labor.  A couple of years earlier it cost us 400 dollars plus to repair the matching dryer.

 

A service call to determine the problem and give an estimate for repair costs seventy-five dollars.  That is usually applied to the cost of the repair.  Repairs on average, according to the service techs that have come to our home cost in the 400 dollar range.  If it's the computer control module, it's much higher.

 

Why would anyone think it makes sense economically to put that kind of money into machines a few years old when they can be replaced with new, more efficient appliances.  It makes sense only if you cannot afford to replace them, so you pay a lesser amount and roll the dice hoping the remaining older parts hold up for a few more years.

Nov 25, 2012 4:46AM
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I challenge the premise of the lead-in statement of "Americans would rather buy a new fridge" and item of "Dying: Appliance repair".

Rather, Americans are getting tired of being ripped off by an under-regulated industry, and a lack of means to follow up. 

 

Our refrigerator for example: one of the newer models that are supposed to be more energy efficient.  We don't see it.  There is a design flaw (if you were to look up the model #; you will see not only the same complaint time and time again, but a couple of postings on how to work around the issue).  Further, when Sears came out to replace the fan, they wanted $150 just to walk in the door.  They charge "book rate" for repair, however - they won't let you see “the book”, and time for repair is off, WAY off in their (the repair shop’s) favor.  (The claim was to R/R the cooling fan in 45 minutes, I was able to do it in 15, and I've never looked in back of one of these before).  The on-sight repair guy wanted to charge us about 50% MORE for the same part then to order it from the store (in person) -- which was about 25% more than looking for it on line, which was about 50% more then the value of the part (fan motor).  Come on now, I can get a computer fan for less than $20, why do I need to pay $125 for the fridge fan who's only claim to be expensive is the custom size & electrical plugs that they put on it?!?

ALSO, once the item is repaired, the part only will have a brief warranty (30 day for the PART is normal, and one might be lucky get a 90 day warranty).  A new appliance one comes with at least a one year, with extension(s) available from the retailer.

Though most people couldn't anyway, one cannot take the appliance to the shop to be repaired. 

The business model needs to be changed... from "screw the customer anyway you can" to "What are good business practices to keep our customer coming back"

Nov 22, 2012 11:04PM
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Nothing will help America. China, Japan, and Russia are going against American dollars. The American dollar will collapse in  2012-2013. GOOD LUCK!
Nov 22, 2012 10:35PM
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The Saudi's are investing heavily into producing solar panels for local use and exports.

Exxon's investing heavily into algae, that produces about 2,000 gallons of gas per acre per year.

North Dakota can produces 25% of America electrical need with wind farms.

Then future belongs to those who can grasp it.

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