If you're being affected by the downturn in housing or financial services, hang in there. At some point, those industries will rebound. Others should be so lucky.
Just look at apparel manufacturers in the United States. According to the Labor Department, their ranks are expected to decrease by 54percent while their output falls more than 43percent between 2006 and 2016. Then there's the ailing printing business. Jobs in that U.S. industry will drop by 22percent during the next decade, with output falling by 12percent.
They're classic examples of twin death knells for industries: foreign competition and technology. Why make clothes in the U.S. when the labor is cheaper in China? Who wants to publish the old-fashioned way when it's cheaper to use the Internet?