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With the way the economy is going if america should fall into another depression which jobs do you think will be impacted first and which do you think will survive and thrive?
With the way the economy is going if america should fall into another depression which jobs do you think will be impacted first and which do you think will survive and thrive?
I think jobs like mine (semi-professional, white collar, above-$65K) will be the first to go.
Yes, I agree with the above post. . . . the jobs that will not "dissapear" are the service sector job. . . low paying, mostly involving physical labor, and serving primarily those who will still have plenty of $$ to spend on keeping themselves comfortable and satisfied. . . .
With the price of oil and other fossil fuels going up up up, the renewable energy sector will be growing.
Solar, wind, hydro-power etc - all look like good industries to go into...
However, a single industry doesn't sustain an economy that depends on a diversity of industries.
And if we don't quickly become knowledgeable and disciplined consumers, the renewable energy industry will be dominated by a handful of conglomerates just like the oil industry is right now.
IMO, the first to go are usually salesmen, especially those who sell "luxury" items such as hot tubs, designer shoes, etc. Furniture stores are the "canary in a coal mine." Furniture isn't a luxury item, but people don't buy it when times are hard. Some stores are always closing, even in good times--but if you see a lot of furniture stores going under that's a bad sign.
Stores and businesses that do not sell "essentials" will shed most of their employees. This includes spas, restaurants, and entertainment venues. But stores selling beauty products will be ok--in tough times, people buy beer and body lotion. We still need to be pampered, we just find ways to do it less expensively. When you cut the spa off your budget, you make yourself feel better by buying nice shampoo.
Private school teachers get laid off quickly and in large numbers when times are bad, but this usually happens at the end of the year.
If things get rougher, the administrative employees go next. This includes some of the middle management. The ones with less than ten years at a company usually go first. Secretaries aren't really needed anymore, now that people answer their own phones and do business using e-mail. Most of them will be let go.
Health care professionals will probably be ok, but they'll see salary cuts. People in disgusting jobs can usually hold onto them. The guy who clears deer carcasses from the highway always has a job.
They used to say grave diggers had the only guarantee of a job, but I don't know if that's true anymore. Maybe computers can do it now.
I think jobs like mine (semi-professional, white collar, above-$65K) will be the first to go.
However, if your company paid for you to get a security clearance, they will be more likely to hold onto you. Especially if you've gotten several clearances over the years.
However, a single industry doesn't sustain an economy that depends on a diversity of industries
Michigan is a prime example, along with several other rust-belt states
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