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May 24, 2012
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Jewish World Review
Dec. 18, 2008
/ 21 Kislev 5769
Hot Jobs in Hard Times
By
Marty Nemko
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http://www.JewishWorldReview.com |
A recent CNN poll finds that nearly 60% of Americans believe we're likely
facing a depression. Although most Americans would, of course, suffer in an
economic depression, some careers should remain strong, maybe even bolstered
by tough times.
1. Accounting. Bad times increase businesses' and individuals' desire to
wisely account for every last dollar.
2. Education. Even in the recent tough times, our political leaders are
calling for increased education spending and voters continue to pass
education bonds.
Community colleges should also thrive. Unable to land a good job, many
people will return to school for retraining. Even those with college degrees
will turn to community colleges because they typically offer practical
career-related training and at an affordable price.
3. Entertainment industry. During the Great Depression, the movie industry
boomed as people craved escapism and had time to burn. That would likely be
the same today: the film, video game, sports, and creative arts industries
should be viable.
4. Utility companies. This is the classic defensive investment. Even in the
worst times, utilities stay cranking.
5. Repairers. Home, car, commercial, industrial in a bad economy, the rule
is "Don't replace; repair." For example, in a depression, struggling car
manufacturers will more often opt to repair than replace a balky welding
robot.
6. Energy industry. Despite all the media attention to solar, wind, etc., the
nuclear industry may, over the next decade, create the most jobs.
7. Health care. Especially registered nurses, physician assistants, internal
medicine physicians, dentists, optometrists, pharmacists, and physical
therapy assistants.
There should also be a boom in jobs related to healthcare reform, a Barack
Obama priority. Many government jobs in accounting, actuarial science,
information systems and management should result.
8. Senior services. An aging population will increase the need for housing,
home retrofitting, geriatric care management, and, of course, the
aforementioned health care.
9. Law enforcement. Crime doesn't take a break in tough times. In fact, it
tends to increase.
10. "Sin" industries. Jobs related to the liquor and sex industries have
always thrived, in good times and bad.
11. The clergy. People seek spiritual support in tough times.
12. The repossession, foreclosure and debt collection industries. For
example, there will be jobs repossessing the big homes and SUVs from owners
who knew they couldn't afford them, but took advantage of no-qualification
loans.
13. Government work. The new Obama presidency is likely to mean more
big-government solutions, creating government jobs across the board but
especially in health care, accounting/auditing, information technology, mass
transit, alternative energy, education, and the IRS. The government has
police powers to collect taxes in good times and bad, and so will be more
impervious to economic declines.
I believe that for non-stars, government is the last bastion of secure,
well-benefited employment that generally requires only 40-hour workweeks and
offers ample sick days, holidays, and vacation days.
Even in hard times, it should be possible to thrive.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
JWR contributor Marty Nemko writes the career column on Kiplinger.com and is Contributing Editor for career matters at U.S. News & World Report. 500+ of Dr. Nemko's published writings are on www.martynemko.com. Comment by clicking here.
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© 2008, Dr. Marty Nemko
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