Forbes, CareerBuilder, HR World, Time, the CAM Report, and other publications occasionally publish lists of recession-proof jobs and industries. These industries are cited as offering critical
services or goods that the public or businesses need to function.
Rick Newman, a writer for US News & World Report, believes that "recession-proof jobs are a myth" given the current financial situation in the United States. Here are Newman's thoughts on
some industries that are typically considered recession-proof.
Education
Conventional Thinking: Education is one of the most important sectors, and state and local governments are less susceptible to budget cuts than private industry.
Reality: Local and state governments are facing major budget cuts, and the number of available teaching jobs is decreasing.
Military
Conventional Thinking: Two wars + threats of terrorism + strong
Congressional backing = strong job prospects.
Reality: The massive federal debt is forcing Congress to rethink
funding for military positions. Troop withdrawals in Iraq continue,
and the drawdown in Afghanistan is expected to begin this summer.
Public Safety
Conventional Thinking: Firefighters, police officers, and federal
law enforcement officers will always be in demand-and are the last to be cut in budgets.
Reality: Budgets have been so reduced that state and local governments cut 260,000 positions in 2010.
Utilities
Conventional Thinking: Everyone needs heating, cooling, and
electric power.
Reality: Approximately 4,000 jobs have been cut in the utility
industry since 2008. Employment has declined the most in traditional power plants. Nuclear power facilities have experienced a small amount of growth.
Computers
Conventional Thinking: Computer technology is ubiquitous in
our work and play culture, creating many job opportunities.
Reality: Low-level information technology jobs are being outsourced to foreign companies, where workers are paid lower
salaries.
Newman says that "safer jobs involve systems engineering and proprietary software work."Newman says that although these trends are distressing, workers who are adaptable, creative, committed to lifelong learning, and who have multidisciplinary experience will still be in strong demand-regardless of the health of their industry.
(US News & World Report) |