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.

By Jonah Loeb and Anthony Shields, Minyanville

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ItWasntMeReally
Feb 12, 2013 10:53AM
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More outsourcing means less revenue?  So all these companies and greedy CEOs are saying "I know, lets outsource our manufacturing so we can make less money."  You outsource because the cost is less so you CAN make more money.  What kind of idiots are writing these articles?  If something else is meant by "moe outsourcing means less revenue" then it really needs some explanation.
TarponDon
Dec 24, 2012 5:05PM
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I am a retired fire sprinkler fitter. The industry has an advantage other industrial trades lack- local and fed./state laws have spawned an almost unending source of work- retro-fitting existing industrial and commercial structures to comply with building codes. While the training (apprenticeship programs through the U.A.) takes five years you're getting paid well to learn a trade that can earn you wages of $70,000-100,000 per year.
1Unfortunate
Dec 24, 2012 1:43PM
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"...state budget cuts have reduced resources at private and public universities, rendering them unable to keep up with the influx..." 

We have no problem keeping up with the influx, we DO have a problem finding students who can read, write, and compute well enough to survive the rigors of college-level academic standards.  Check the ACT/SAT scores in your state and compare them to the number of 4.0 GPAs and Honors awards handed out by your secondary ed. institutions.  The accountability standards required for elementary institutions are nonexistent at the jr. high and high school level.  Politics are rife in the hiring and firing of staff and faculty, athletics rule, and parents are not getting complete information OR asking questions.  As long as Johnny or Sally brings home an "A" they are content until they can't get into college (or have to repeat high school level coursework in college), then parents (or the taxpayers - i.e. Federal Pell Grant) pay (or let Johnny or Sally take out loans) tuition rates that are triple or quadruple what is necessary.  This of course, guarantees more "A's" for Johnny and Sally.   Private institutions understand perfectly that they must deliver the product the customer demands or they won't be in business very long.    

bg70
Dec 24, 2012 1:17PM
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What?  Watch Obama throttle the oil business in North Dakota when he figures out they can take the water from the Missouri and send it to the Mississippi for shipping.  The excuse;  They don't need it for fracking we need it for shipping solar panels to the south.
Katie174
Dec 24, 2012 1:04PM
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Thanks to Bill Clinton's NAFTA (and other treaties), we have traded good paying middle class manufacturing jobs for service jobs at fast food restaurants. Our manufacturing workers cannot compete with overseas workers that are grateful to work for a dollar per day and don't have the same Union and environmental restrictions that we do in the US. So our wage levels will continue to do down closer to the countries we signed treaties with...3rd world countries. Thanks Bill!
laus deo
Dec 24, 2012 12:49PM
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All planned out. In early 1970’s both political parties endorsed and released “Workforce 2000” plans starting with the Fortune 500 companies. Workforce 2000 and NAFTA is Americas contribution to the new global economy. Jack Welch, then CEO of GE designed the model and the rest of the big leaguers followed in his foot steps. He started sending “Low Tech” devices like toasters and coffee makers over to get the Chinese farmers to get them out of their fields. Look where they are today. I remember it well working for a large aerospace company in So. Cal.
We attended a four hour presentation on how America was going to change. “Workforce 2000”. We were to become a service oriented country. How labor intensive work was going to be out sourced. How Chinas average pay scale was a whopping .35 cents per day. The man hours it took us to build one large airplane would be an equivalent cost to the most expensive BMW motorcar. Were all our stock holders and board of directors excited. The Demographics of America were also explained. Guess what? The Hispanic communities was going to be the major population in the LA basin area. That’s right. See where we are today. All part of the plan and don’t forget, all endorsed by both political parties. Then the whipshooding began. Jack Welch implemented a theme called, “Keeping the Ideas Coming”. Ref. March Fortune 500 article. With the threat, or inevitable loss of our jobs, he started a manipulation cooptation strategy to pick the employees brains and make them think they could compete and save their jobs/asses. Manufacturing Engineers and digital camera’s were used to pave the way for the Chinese farmers to help with their training. The CEO’s, corporate leaders and politicians are raking in all the benefits.
So when I hear and read about this new economy BS, remember our government has it all under control. The part I have trouble with is if people are not working and or making half of what they use to make, income tax revenue will drop as well. How dose a tax system expect to sustain and pay for basic services, afford a healthcare program and frequent handouts to the world in trouble?
In 1992 United Auto Workers union, (UAW) predicted that only 4% of the American workers will be represented by a union. Police, fire services and a few more government jobs will be represented to show the world America is still labor friendly.
As Americans Change so to speak and our earning power diminishes Americans will eventually take what they can get. Just like other third world counties did. Its Americas turn to become the stepchild.
And now Obama has brought in Jeffrey Immelt CEO from GE. Immelt cut his teeth under Jack Welch and Harry Stonesypher. GE was the model corporation which has led to American’s loosing their jobs. And now a Muslim in charge of Homeland Security. Amazing how everything predicted is coming to pass.
Wal-Mart has become the new commissary to America by design..
I believe the first clue to Globalization was when our Department of Weights and Measures was consider converting over to the Metrics System in the 70’s..They were laying out what has come to pass now. Many Presidents, many Administrations have had opportunity to shift gears. They didn’t. Then came the Euro idea. Thank God we did not bite that apple.
Sad how all these article writers have just gone along with it too. If they did a serious “Cause Analysis” they would find a whole new prospective on this mess.
Our future holds, “Beans, Blankets and Bullets.
God bless those who believe in him.
members of a union--was 11.8 percent
Public-sector workers had a union membership rate (37.0 percent)
more than five times higher than that of private-sector workers (6.9
Workers in education, training, and library occupations had the highest
unionization rate, at 36.8 percent,
while the lowest rate occurred in sales and related occupations (3.0 percent).
gcbiskit
Dec 24, 2012 12:47PM
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I have a trusted appliance repair guy and I always call him when I have a problem. Why buy a new washer or dryer when its just a belt broken or a switch gone out. Now for something like a plasma ot led lcd tv thats a different story but for dishwasher, refrigerator, washer, dryer it pays to call a repairman if they are out of warranty.   
slugman1165
Dec 24, 2012 12:41PM
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This nation is becoming too service oriented. We need manufacturing tangible goods. Not more people in an offices pushing paper from office to office. Not more realtors, mortgage brokers, massage school ads, fast food workers, selling more useless as seen on tv trinkets. Ect......

kevsteck
Dec 24, 2012 12:33PM
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Ah, nothing like a good old gloom and doom story from MSN on Christmas Eve.  Thanks MSN!!!
Jones Gore
Dec 24, 2012 12:30PM
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Americans are simple going to have to start being entrepreneurial. 
Almost 1
Dec 24, 2012 12:30PM
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Capitalism requires cheap labor and the American consumer demands it. that is why jobs moved to Japan in the 60's and 70's. Then they left Japan to Korea . Follow the pattern; India, China,Vietnam and the poorest of all, Bangladesh. Once their standard of living rises, another third world country will be utilized. They cycle for some products is returning to America but will take a long time.
  Right now Technolgists are the great producers for America. The wealth created by them is healthy. The destructive part comes from Wall Street and the traders who manipulate the system but create no jobs or wealth except for themselves.
Marriage is WORK
Dec 24, 2012 12:28PM
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The reason appliance repair is dying is the repairs almost equal the price of a new appliance. The baking element of my stove went out on a stove that was only 6 years old. When the appliance repair tech came out it was $75 to diagnose the problem and then he told me it would be $287 to fix it. The stove cost $399. Why would I pay to fix it???? I found out later I could buy the element on the internet for $35 and found a friend (former appliance repair tech) to put it in.
slugman1165
Dec 24, 2012 12:28PM
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If we dont get the CEO concept of total greed reduced and our 401k stock return pyramid scheme

 

 

under control we are totally screwed

 

slugman1165
Dec 24, 2012 12:25PM
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So thriving industries is yoga no real job potential,

 Hot sauces made already at manufacturing facilities little jobs to offer,

 Solar panels mostly made in china with no real job growth in the usa. Ever buy solar stock?

Overcharging private colleges not offering employment.

 

Who is the idiot that wrote this article

JimmyT145
Dec 24, 2012 12:16PM
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The Appolo group is one of the worst stocks of 2012(University of Phoenix), and the solar industry is not doing well at all.  Who wrote this BS
Dan Swanson (swannyww)
Dec 24, 2012 12:04PM
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They forgot furniture manufacturing.
59pan
Dec 24, 2012 10:38AM
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Pretty obvious you never spent too much time in a smokin roaring mill, Plywood....I did....37 years....Retired in 2005 at the atrocious hourly rate of 17.00....Greedy unions.....Had it not been for the union shop, I woulda had so many knives stickin outta my back I'd look like a porcupine.......Outs​ourcing sunk this country, not the majority of union shops where the employees made a few bucks an hour over a basic living wage, had health insurance, a paid vacation and maybe even a semi reasonable retirement after spending a lifetime swinging shifts in heat and smoke so they could go fishing for a couple years before COPD, hearing loss and arthridus makes it too tough to do so.....Swells like you have no f****** clue how it really is out there in blue collar land apparently....Hell of it is, I know an awful lotta folks who wish to hell those jobs had not gone to China, Mexico and every other s***hole on the planet.....And yes, I am a Republican..........​....
Jill Coleman (badchoices)
Dec 24, 2012 10:36AM
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I hear you Dee7717 same thing happens with cars

 

mikeyknows
Dec 24, 2012 10:20AM
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With $ 1 trillion+ deficits per year the collapse of the dollar is in warp speed. It will take 2-3 years for America to re- tool at home and start over to make our own goods. Of course to most americans who have rendered basic arithmetic politically incorrect and our standard of living is an entitlement will continue to live in la la land right to the end.
mickeyknox80
Dec 24, 2012 9:39AM
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are you seriously telling me to invest in hot sauce?  gtfo
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