The 10 Fastest Dying Industries in America

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Kodak film printingThe rise of cheap imports, technological advancements and the financial crisis have collectively delivered a harsh blow to some U.S. industries.

IBISWorld is out with a list of 10 American industries that have seen sharp revenue declines, a fall in industry participants and a declining life cycle stage between 2002 and 2012.

Some of the worst hit industries include newspaper publishing, women's and girls apparel manufacturing and appliance repair industries.

Take a peek below in our gallery.


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goplies2u

Jim Alan: You can shop USA! I also try to buy goods that I can trust. Google Made In USA and next time you need a new iron skillet. kitchen utensils. clothing, etc.. There is also American apparel, all clothes made in the US. I bought some new kitchen utensils that are made in America! I also bought some new water bottles (for myself and family members), that filters tap water, it is BPA free and made in the US called Bobbles and it is sold both locally and on Amazon. Do some internet research for products made in America to avoid those foreign brands that use both questionable materials in manufacturing and have low to no standards for quality, etc.

There are several website that have American Products for sale such as
Made in America Directory www.madeinusa.org/ and other websites that give the names of products still made in America! www.americansworking.com/ www.stillmadeinusa.com/

Good luck

April 16 2012 at 12:08 PM Report abuse rate up rate down Reply
nikolayps

Hello Grace! You write like to have the answer to all our problems. Tell us what to do.

April 16 2012 at 4:26 AM Report abuse rate up rate down Reply
Grace

And to all of you who think American companies are greedy, what about American workers? Unions with their massive pensions and other big benefits are what really put American manufacturing out of business. They can't compete with the HUGE cost of payroll and benefits. Retiring after 25 years with full pension is insane. Only unionized/government jobs get that. The rest of us have to work until were 100. If we don't get fired first. You union/gov people can't even get fired. Pathetic.

April 14 2012 at 12:01 AM Report abuse rate up rate down Reply
1 reply to Grace's comment
Stan

Oh bullcrap! If U think ppl should work they way they did in 1880 so that a few wealth fat cats can get even more money and become uber wealthy than move to a 2nd and 3rd world country that does just that. But pretending just because ppl who help create the wealth should not have any benefit of it is just some neocon talking pt. Besides, if the rich want to get rich they still have to SELL the goods in a prosperous country not a backwards 1. So stop pretending that the rich don't use the USA for their purposes.

April 25 2012 at 2:30 PM Report abuse rate up rate down Reply
Grace

Lots of things go away over time. It's normal. We don't have blacksmiths anymore, and we don't need the ice delivery man either. Not much need for shorthand takers and I could go on for hours. Businesses going away is not a bad thing because something new always takes its place.

April 13 2012 at 11:57 PM Report abuse rate up rate down Reply
2 replies to Grace's comment
bggdg

You're EXACTLY correct, Grace.

It's called creative destruction. The reason certain industries disappear is becase of obsolecence. Products or services become obsolete because new and better replacement are invested/discovered. New and better replacement improve the quality of citizens lives, while simultaneously creating jobs in successor industries.

This is a win/win!

April 16 2012 at 9:34 AM Report abuse rate up rate down Reply
Stan

There is a difference in careers dying from replaced technologies, which is what U R talking about, vs careers replaced by purely slave labor overseas. Apple computer is here to stay. However, they don't hire a lot of American engineers for mfg because they do all that in China. Time to wake up.

April 25 2012 at 2:25 PM Report abuse rate up rate down Reply
davmusgro

Hell we can just bail them out! Im sure the sales are done because no one is working.Wasngton tells us things are better but the only ones winning are the same old rich Then again they pay off both sides

April 13 2012 at 10:31 PM Report abuse rate up rate down Reply
bigjom

You would think that the greedy sub humans who own and operate companies would say enough is enough but it's never enough , when a bank like valley has been paying a good rate for your investment you would think every investor would buy into it . But the unseen cartell that run this country
have to keep investors on edge so in disgust they will make bad moves regarding stocks &etc...

April 13 2012 at 9:57 PM Report abuse rate up rate down Reply
Jim Alan

I would gladly pay more for quality products made in the USA! Keep the money flow within our country.

April 13 2012 at 9:35 PM Report abuse rate up rate down Reply
stp9961

its sad that the internet was supose to be the information highway to the future...now it has made the future bleek for many industries...newspaper..banking...postal and so on...more middle class jobs going down the tubes...just another case of the rich getting richer and the middle class being fazed out..if these companies were truely for the american workers then take there business offline...the newspaper...banking and postal business sectors would make a big comeback...maybe it would help our kids compete against other countries when it comes to learning...most countries limit or have very little acess to the internet...they force there kids to read...not text on there phones...im old schooled...but the future for our kids and this country are going downhill due to the internet.

April 13 2012 at 8:16 PM Report abuse rate up rate down Reply
1 reply to stp9961's comment
bggdg

Using a computer and an interent connection to type on an online comment board about how destructive is the internet?

Please remember to congratulate your lobotomist for me on a job well done!

April 16 2012 at 9:36 AM Report abuse rate up rate down Reply
lthrnck68

I refuse to pay idiotic prices to sit in a theatre to view a movie with a few rare exceptions every year. I prefer to wait until it hits RedBox. Pay the $1 and get to see it in the comfort of your own home. I also use this $1 rental to decide if I like the movie enough to buy the DVD.

April 13 2012 at 7:36 PM Report abuse rate up rate down Reply
Amiee/Patrick

Oh great...we need manufacturing jobs BADLY in the United States and what few are left are disappearing? Kinda sucks. Really, what are skilled laborers who are non degreed going to do in mid life? The U.S. should have made U.S. companies who left our shores to produce goods at low cost because of cheap labor in China, India, Pakistan et cetera sell those items at prices they'd sell for in THOSE countries, instead of at highly inflated prices as though made in the U.S. at union wages! These companies have BETRAYED Americans in the name of greed. It's unAmerican and unethical as far as I am concerned. Out nation is suffering badly because of these practices!

April 13 2012 at 7:31 PM Report abuse rate up rate down Reply
1 reply to Amiee/Patrick's comment
Harry Flashman

Unfortunately, the private companies aren't the problem. It's the government's idiotic tax and trade policies which have caused the problem. U.S. companies are double taxed on exports, by the receiving country and the US. No other G12 nation penalizes their industries that way. Also, the US gov't no longer protects our domestic industries from unfair advantages that foreign importers have, such as low wages, no environmental regulations (read: CHINA), unemployment costs, etc. These are costs which US companies cannot reduce. It's like chaining a bowling ball around Usain Bolt's leg and then calling him a lazy bastard for no longer being able to win the 100 meters against non-handicapped runners. The United States government used to set import tariffs to level the playing field for American companies when they were subjected to government imposed costs which would put them at a competitive disadvantage. Now, however, American companies must choose between going out of business or using the only other strategy legally available to them, which is export the business operation. As for your demand that "The U.S. should have made U.S. companies who left our shores to produce goods at low cost because of cheap labor in China, India, Pakistan et cetera sell those items at prices they'd sell for in THOSE countries, instead of at highly inflated prices as though made in the U.S. at union wages!", the problem is that US business law doesn't allow publicly held companies to take actions that minimize the return on investment that the share holders can obtain. Ultimately, the solution is simple, but may be unpopular. Namely, re-introduction of import tariffs and radically reform US tax laws.. The effect would be, first, to eliminate the competitive disadvantage currently faced by US businesses at the hands of foreign imports. Secondly, by halting double taxation of American business income, domestic employment would once again be affordable. Most importantly, the United States would no longer be in the strategically dangerous situation of having an insufficient manufacturing sector, which is a situation which will literally kill us if we ever need to mobilize against military attack. We currently have no "arsenal of democracy" at our disposal and that lack of preparedness will be fatal in the 21st century. To expand on contributor teetse's comment below, we ALL need to show some loyalty to something besides cheap consumer goods.

April 14 2012 at 3:53 PM Report abuse rate up rate down Reply