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 5:56PM
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I had to laugh (only not in a funny way) that the FIRST thriving industry included University of Phoenix.  My husband, along with 300 other employees were just laid off from their parent company.  Just in time for the holidays no less!
Nov 25, 2012 5:49PM
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Lazy and incompetent major Dept Store appliance repairmen ruined my new refrigerator by installing a test valve and only tightening one of the two screws, the freon leaked out and the compressor was ruined. Another bad person doing a routine checkup, put my mom's brand new washer back together crooked and out of balance ruining it. It is much better to avoid using a repairman.
Nov 25, 2012 5:48PM
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More typical MSN Leftist propaganda saying "Solar Panels" are an up and coming business, (think Solyndra)  As many as approximately 200 manufacturers are predicted to shutter their businesses by 2015, according to Forbes. These are manufacturers in the United States, Canada and Europe.

 

This is nothing more than another of one this administrations "alternative" energy scams, so he / we can pour more money into failing companies and not drill for more oil and energy we need now. If anyone believes I'm wrong about the number going out of business, just look it up yourselves.

 

This is the second topic I've responded to from MSN today, I hate to respond but I hate lying even more, especially by a supposed "respected" news organization. No wonder Obama won, you simply can not cover and report on all the lies from one "news" organization, let alone all the others combined too.

Nov 25, 2012 5:38PM
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I am a small business owner in The USA and I feel the Government needs to focus on us.

I could create 40-50 new jobs this year with the financial backing. All of which would be manufacturing, as well as sales, shipping receiving. The problem is I cannot afford to take my cash flow out to sustain growth. My conclusion is give small Business grants and  we will make America thrive again.

Oh yeah the SBA good luck there. The red tape is so deep you get frustrated and just stay where you are. Without Capital you cannot grow your business. That's why jobs are not being created.

Nov 25, 2012 5:36PM
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Appliance repair decline is the result of over priced repair parts and high cost of labor and overhead.
Most repair services have a min. charge of $100 and if they have to replace anything there is a markup of 100% above their cost..
I am not saying that the repair services are charging more then they need to. The cost of being in business has been driven out of site by over regulation. With the result of the elections the chance of this getting better is not likely. Maybe another 4 years of this craziness  will wake up the people that voted to keep going down this dead end road.

Nov 25, 2012 5:35PM
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lol free trade help our jobs go south or to china..money is the word if you can get people to work for 50cents a day why pay 7.25 or above profit profit profit..look at are government  99% of them are millionaires lol they dont care...and if obamacare is so great why are the excepted from it lol
Nov 25, 2012 5:34PM
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Your smoking Crack... I have been in Appliance Sales and Sefvice for 25 years... Good Appliance Tech's can always find a job...
Nov 25, 2012 5:06PM
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Since the end of the second world war we have seen one industry after another go under, along with the jobs they supported. Those in power were more interested in taking care of the rest of the world through importing and financial aid than in taking care of this country. Cars, watches, shoes, clothing, farming equipment, all going or gone, taking the jobs with them. At this time a politician's priority is to get re-elected; we need politicians who think ten, twenty, fifty years ahead rather than "How do I stay in office?".
Nov 25, 2012 5:02PM
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hey did any one notice this started out by calling the recession a Great Recession?  You have got to be kidding me!  Americans are so spoiled.  Everytime we go to the mall we say this is what a recession looks like?  Sometime i wonder what it will take to actually wake us up.   

Nov 25, 2012 5:02PM
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this is been the Idea from all companies when they were offer to make business here in good old USA ,make money here with the labor from  over seas or any other country  that paid labor very cheap ,take a look in your own home what is made here and what all the products are made from and feel proud from people like you and me trying to make a descent dollar ,nothing new when people start loosing jobs,just because labor is cheap in other countries and the goverment  help them out....
Nov 25, 2012 4:56PM
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when i say him I am refering to Hitler~~
Nov 25, 2012 4:55PM
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I am always amazed when a republican put our president Obama down and treats him wth such hatred my feelings are that he should have been alive when Hitler was around or maybe he was the one stocking the gasses for him to burn all the people he didn;t like...Oh well.. into each life a little rain must fall,,,,,,
Nov 25, 2012 4:47PM
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If corporations today actually built quality items instead of cheap garbage, then maybe the repair business would thrive again. My grandmother had the same phone on her wall for over 40 years (until she passed away) and it never broke down. I would be lucky to get 6 months use out of any cordless phone bought today due to planned obsolescence. The "struggle" for record profits quarter after quarter and year after year are directly correlated with the decline in quality of the goods we consume.

Nov 25, 2012 4:46PM
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ready to start my hot sauce, yoga store supplied with solar energy!  wonder if the government has any of that bailout money left?

Nov 25, 2012 4:37PM
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Drug companies thrive because we are not interested in expending the effort & care required for living healthy lives.

 

People want the simple pill solution.

People want the convenient fatty fast food... rather than prepare themselves healthy meals.

People do not want to do anything that requires effort... like walking.

 

Chicken & beef sold in the USA have significant fat because fat weight builds faster than lean muscle weight.  These are sold by $/pound

 

We adopted an all-fish diet several years ago... Salmon and Steelhead.  This provides benefits in reduced arterial  deposits and fantastic blood test results.

Nov 25, 2012 4:37PM
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appliance repairs.  The repair men or women are put themselves out of business.  They charge $70 to $100 just to come to your house, even if your around the block.  Ad that on  to parts and  labor, and that your appliance is obsolete by the time it breaks, your better off getting a new appliance.  Buying a warranty is a waste of money, the odds are in your favor nothing will happen.  Most products have a manufactures warranty. I bought a air conditioner at Lowe"s that didn't work,  They gave me my money back, put it back in the box and put it back on the shelve.
Nov 25, 2012 4:31PM
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Repairmen are not dying at all they are just resurfacing and doing all the repairs on the new appliances that need service calls from the minute they appear in homes of new buyers. Buyers now know they need extended warantees on these since the life expectancy is low and the electronics are marginally made. Virtualy all new apppliances need sevice calls from the minute they are delivered to homes when they are purchased. Everybody I know has had issues and calls in less than one year (myself included and it required replacing my fridge) and its all appliances especially kitchen la and laundry in particular. My guess it has created more jobs than it lost. BTW its one year now and my washer is starting to show issues...thats 2 out of 5 new appliances in one year. Pretty sad!
Nov 25, 2012 4:29PM
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People are either lazy with no mechanical skills or just too busy to care about reparable goods and services. I repaired 100% of all appliances on my own research for the last 20 years and have saved a butt-load of replacement money. On the other hand, my washer just blew it's transmission and I had already fixed it twice before that so I bought a new GL... : )
Nov 25, 2012 4:16PM
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One more thing is the drug companies strive because they want us to rely on drugs that slowly kill us off but yet do nothing for whats ailing us.If we focused on actual healing over prescribing drugs to mask issues, we may do a lot better.
Nov 25, 2012 4:14PM
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If you've ever had an appliance repaired or gotten an estimate for the repair of an appliance you can see why people opt to buy new one instead of paying the outlandish price for a repair.
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