Fastest Dying Industries
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Say Goodbye!
It's no secret that foreign competition, technology and rising costs are killing some U.S. industries--especially manufacturing and textile production, while others are trying to find ways to adapt. Forbes looks at 10 U.S. industries that are expected to see declines in employment, revenue and output between now and 2012.
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Next: Bowling AlleysMore from Forbes:
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Bowling Alleys
Unless operators can figure out how to make bowling hip again, this industry is expected to draw less of the teenagers and families.
Projected Declines:
Employment: -5.9%
Revenue: -5.3%
Gross Product: -5.5%
More About Bowling
Next: Music PublishingMore from Forbes:
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Music Publishing
Projected Declines:
Employment: -5.4%
Revenue: -9.4%
Output: -9.7%
Digital downloading has smothered the profits of music publishers, who make money by licensing songs
More About Music Publishing
Next: Laundry ServicesMore from Forbes:
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Laundry Services
Projected Declines:
Employment: -6.1%
Revenue: -12.4%
Gross Product: -4.7%
Over 90% of the laundry chains have less than 10 employees. This means relentless price-cutting competition among small firms.
More About Laundomats
Next: Beer ProductionMore from Forbes:
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Beer Production
Projected Declines:
Employment: -9.6%
Revenue: -.5%
Gross Product: -3.9%
Beer will be sold, but the U.S. industry is seeing increased competition from wine and other spirits, leaving brewers little room to grow.
More About Beer Brewing
Next: Wired TelecomsMore from Forbes:
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Wired Telecoms
Projected Declines:
Employment: -2.2%
Revenue: -16.9%
Gross Product: -10.1%
Six million access lines in the U.S. are expected to be switched off by 2012.
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