Listen Now: 8 Rapidly Shrinking Industries To Avoid in 2019
It’s a new year, and for many people a new job, whether you like it or not.
2018 was a year for low unemployment and an economy that saw people confidently spending money again. And although a lot of people had a regular paycheck, changing times might have forced them to work a little harder for it.
Due to outsourcing, automation and changing technology at least eight industries lost over half of their workers during the last ten years. And according to 24/7 Wall Street, most of these industries, while not vanishing altogether, will continue to struggle.
So what made the list? Companies that make office supplies are on the way out with the exception of course for paper manufacturers. Essentials such as pens, pencils, staplers and stamps have been replaced with email; file folders have been taken out by a company server or the cloud.
Textile and fabric finishing mills are being replaced by similar companies in developing countries with cheaper costs. For more industries to avoid, check out the original article now.
Let’s see what 2019 has in store.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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