Top 10 Dying Industries

[zoog]

A new analysis by research firm IBIS World looks at 10 industries that appear to be dying. The list isn’t exactly shocking, but it represents a mix of sectors that are being left behind by technology or have been hurt by cheaper overseas competition.

Sector	Revenue 2010 (in millions)	Decline 2000-2010	Forecast Decline 2010-2016	Establish- ments 2010	Decline 2000-2010	Forecast Decline 2010-2016
Wired Telecommunications Carriers	$154,096	-54.9%	-37.1%	23,474	-10.5%	-15.9%
Mills	$54,645	-50.2%	-10.0%	9,553	-23.6%	-12.8%
Newspaper Publishing	$40,726	-35.9%	-18.8%	6,128	-28.6%	-17.6%
Apparel Manufacturing	$12,800	-77.1%	-8.5%	2,265	-60.5%	-11.3%
DVD, Game & Video Rental	$7,839	-35.7%	-19.3%	17,369	-34.8%	-11.2%
Manufactured Home Dealers	$4,538	-73.7%	-62.0%	3,968	-56.7%	-58.7%
Video Postproduction Services	$4,276	-24.9%	-10.7%	1,789	-43.2%	-37.8%
Record Stores	$1,804	-76.3%	-39.7%	2,916	-77.4%	-11.6%
Photofinishing	$1,603	-69.1%	-39.1%	7,083	-59.3%	-33.3%
Formal Wear & Costume Rental	$736	-35.0%	-14.6%	2,310	-28.5%	-17.0%

http://blogs.wsj.com/economics/2011/...ng-industries/

[BiscayneSunrise]

Re: Top 10 Dying Industries

Fair enough. What then, ate the top ten industries in ascendancy?

[goodrich4bk]

Re: Top 10 Dying Industries

Fair enough. What then, ate the top ten industries in ascendancy?

1. Payday loans
2. Pawn shops
3. Bankruptcy attorneys (I'm one)
4. Dog walking
5. Haute cuisine
6. Private jets
7. Private space travel
8. Cosmetic surgery
9. Wall Street
10. K Street

[pianodoctor]

Re: Top 10 Dying Industries

You'd think that Manufactured Homes might do a turnaround though.

[lektrode]

Re: Top 10 Dying Industries

You'd think that Manufactured Homes might do a turnaround though.

one wonders how much of the die-off has occured in just the past few years, like since/after 2007
(since mfd'd houses, aka trailers, are likely to make a comeback, wouldnt ya think?)

[Milton Kuo]

Re: Top 10 Dying Industries

1. Payday loans
2. Pawn shops
3. Bankruptcy attorneys (I'm one)
4. Dog walking
5. Haute cuisine
6. Private jets
7. Private space travel
8. Cosmetic surgery
9. Wall Street
10. K Street

Those are industries currently rising. Here are two industries that will boom in the future:

1. Pitchforks
2. Torches

[lakedaemonian]

Re: Top 10 Dying Industries

Fasting growing industries in Christchurch, NZ and Northern Japan.......porta-potties.

[lektrode]

Re: Top 10 Dying Industries

Those are industries currently rising. Here are two industries that will boom in the future:

1. Pitchforks
2. Torches

dont forget TAR & FEATHERS
and in celebration of a return to traditional/retro fashion?

[pianodoctor]

Re: Top 10 Dying Industries

I was thinking how many poorer people got out of "trailers" and into traditional homes (that they subsequently lost) during the bubble runup, thus causing a hurt on that industry, but will have to return to the cheapest of the cheap housing- "trailers" and perhaps even used RVs. Also the nouveau poor, who maybe didn't live in trailers before, but now will have to due to chronic unemployment problems or retirements that didn't work out the way they thought.

[Marek]

Re: Top 10 Dying Industries

And which "dying" industries will be reborn once the full effects of Peak Cheap Credit and Peak Cheap Oil kick in?

[lektrode]

Re: Top 10 Dying Industries

And which "dying" industries will be reborn once the full effects of Peak Cheap Credit and Peak Cheap Oil kick in?

methinks a return of the fixit-class of repair-persons for just about everything that has solid construction and durable materials (hint: is sure as hell aint gonna be much of nuthin 'lektronic, as most of the crap (being polite) is not only genl'y USELESS, but is made specifically to be obsolete as soon as you take it out of the box it comes in!)
think older cars (pre-mid-90's at the latest), appliances that arent all 'dooded up with fancy bells-n-whistles (lektronic crap that _reduces_ mfg'g costs, but RAISES selling prices)

in short, most anything that was NOT made/sold since appx 1995 or so....

LargoWinch pointed me to that fabulous post in '06 by Krowne that points to this timeframe as The Beginning of The End of US prosperity, which not coincidently also was when the Age of Consumer/throwaway JUNK seemed to have occurred?
(tho i'm sure every decade of the past 5 has its fans...)

gotta git- off to my therapy session on the 4pack-detachable at wildcat, where from what eye can see, the wx is purrrrrrfect - before the impending 'doom'
thats fixin to launch in nor'easterly direction:
http://radar.weather.gov/Conus/Loop/NatLoop_Small.gif
(tho some us consider this Good News - yer mileage may vary... ;)

[flintlock]

Re: Top 10 Dying Industries

I'm not so sure how much more "affordable" manufactured homes are when you consider things like resale value, financing, etc. Around here, you can pick up a nice 1000 sq ft house in good shape very cheap. What does a new single wide go for these days?

[WildspitzE]

Re: Top 10 Dying Industries

4 of those were killed by the internet. an additional 2 by digital media, which has seen its popularity rise due to the internet, and the software that is available to manipulate such media, which is distributed cheaply on the internet.

[Ghent12]

Re: Top 10 Dying Industries

4 of those were killed by the internet. an additional 2 by digital media, which has seen its popularity rise due to the internet, and the software that is available to manipulate such media, which is distributed cheaply on the internet.

"Killed" is a harsh word. I think "supplanted" is a much better one in this case. Technophobists are on high alert.

[WildspitzE]

Re: Top 10 Dying Industries

"Killed" is a harsh word. I think "supplanted" is a much better one in this case. Technophobists are on high alert.

I would say that a 75% (hell even a 50%) decline in revenue is definitely a kill. Fine, a decline of 35% may not be a kill - it's more like, shot in the johnson.