Growth Industries
Outgrowths of the Economic Environment
In a bankruptcy, the lawyers get paid first, and then the creditors, then finally the shareholders- the employees, of course, get nothing. However, before there can be a bankruptcy, there has to be a collections agent and a team of bankruptcy attorneys. This could be a HUGE growth industry, as the supply of specialists in collections (especially collections from white-collar debtors, not just deadbeats who missed a weekly payment on their TV) and bankruptcy specialists is far less than the possible demand. If you have the resources, go to law school and become a bankruptcy lawyer. Or, go to work for a collections agency at minimum wage until you learn the ropes, and then start your own practice. This may be THE self-employment opportunity of the decade.Health Care
The largest American generation in history, the Baby Boomers, ticks toward retirement every day. An older population means more medical care, more surgery, and more prescription drugs. Find a job in this field, and you will literally be set for life with job security. The possibilities are wide open- go to work for a manufacturer, work for a hospital, a nursing home, anything that will possibly increase in demand with an aging population. People will give their bottom dollar for their health, so this industry is as recession-proof as it gets.
We highly recommend that you give primary consideration to any job offer from the safe or growth industries. Such an offer is worth at LEAST 20% less salary than an offer in a risky business. The key to surviving an economic downturn is to maintain employment and keep developing yourself so you can fetch top dollar when things turn up- even during the Great Depression, 70% of the workforce was employed; make sure you're in that 70%.
