10 industries fading away

The US is showing signs it may be emerging from its economic slumber, but that doesn't mean all industries will recover.

 of 12
 of 12


Jun 13, 2012 12:08PM
But it is always all right with our elected officials that can retire on FAT Pensions, after having served for FOUR YEARS. Since our Senate and our Congress serve NO USEFUL PURPOSE they really should have to at least get re-elected to receive those lucritive annuities. We would be so much better off with a ON-LINE Government where all the people can Vote on ONE Single Issue with NO RIDERS on any Bill, as it is these riders that allow our Congress and Senate to pillage and Plunder.
Jun 13, 2012 4:21PM

I agree with both of you .... we need a totally CLEAN sweep - out with them all. Put in some of your every day hard working, USA citizens who have earned everything they have, who pay their bills, who have faced ups and downs. People who understand and have experienced what it means to be the average American. Let the current politicians have to survive on SSN and have Medicare .....  we need to bring our work back to the USA - employ Americans, in America. And, we need to take care of our own business and not everyone elses. There are plenty of people needing help right here in our own country -


This country needs to be back in the hands of the people -

Jun 13, 2012 10:16AM
I'd sure like to know where they get their figures stating the economy is "improving".  Don't worry about the 10 industries going under, since most industries are done in China now.  Being as this country is broke and is feeding off itself, there is little hope of a true "improved" economy for a long time to come.  When they paint pictures of brighter things happening, it's just a fluke.  We are being lied to from all government ends, city, state, county, and country.

What frustrates me most is the fact that government(s) alike are tearing down senior citizens.  Build that nest egg from day one of employment, because the "golden years", are more like coal.  They give us a COLA increase, and that gets eaten up by the increases in Medical premiums (both Medicare and secondary), utilities like cable, etc., all being told.. the increases in Social Security end up being lost in the shuffle.. you don't actually see that increase due to all the other increases.

I remember as a kid growing up and being told how wonderful it will be when you retire.  Bull.  I'm not on welfare (yet), but I don't get extras either.  To be forced to sit home 24/7, because you can't afford to fix your car, buy groceries (way out of reach), etc.  You HAVE to pay your rent/house payment, utilities (or they shut you off - oh, yeah, cable shuts you off BEFORE you become 2 months in arrears -- which may not happen, as it just may be a late payment - but they don't care).

It saddens me how American industry has gone astray and all for the glory of money.  Doesn't have any cares or concerns as to what they are doing to the American people.  Mark my words, it won't be long, if it's not already happened, that the USA will become known as "little China", instead of America.  If you keep the communists in office, what other choice is there?

Jun 13, 2012 4:43PM
who started letting major companys move out of the USA,to avoid paying taxes
Jun 13, 2012 10:50PM
One thing I haven't seen addressed in articles such as this, is what happens when the robot that took the humans place breaks down. They bring in a person making way more than the person that was doing the job by hand to repair the robot, which has continual maintenance needs. And, not all items are coming out of China these days (or Mexico either). In the medical field, there are a number of medical devices used in hospitals and by doctor's offices that are coming out of Isreal because they are the only ones making them. But, if the US would place tariffs on goods out of other countries, as a number of countries do ours going in, it would be more cost effective to bring the jobs back. A couple of companies have already figured out that outsourcing work was actually costing them more than having it done here; but, they still don't have the number of employees they had prior to the outsourcing.
Jun 13, 2012 1:39PM
The industries going under seem to fall into two categories.  One category is items that are becoming obsolete because of new technology, and there is really nothing to be done about this--it's going to happen and realistically, it's a good thing.

The other category seems to largely be bulk items, more specifically bulk manufactured items with environmental(dyes and whatnot are a heavy chemical usage) and labor intensive connotations.

Rather than take action to protect our workforce and be more self sufficient, apparently we are content with the notion that we should declare these industries dead.  Back when a persons interest in the textile plant down the road was their livelihood and not the stock price of their 401k, we'd have never had this attitude.  By the time we are withdrawing from those stock driven funds, I suspect that we'll wish we still thought the way we used to.

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.
100 character limit
Are you sure you want to delete this comment?


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.



Quotes delayed at least 15 min


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

[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).

Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More


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