26 February 2009

What Are Best Jobs In An Obama Depression?

Survival Blog has been looking at how to survive an Obama depression. They begin by looking at safe businesses during the 1930s depression.
According to statistics published some 20 years ago by Dr.Ravi Batra, the safest businesses and industries during the worst years of the Great Depression (1929-1933) were:

Repair shops
Educational services (A lot of young men that couldn't find work borrowed money to go to trade schools and college.)
Healthcare services
Bicycle shops
Bus transportation
Gasoline service stations
Second hand stores
Legal services
Drug or proprietary stores

To bring Batra's list up to date, I would speculatively add a few more sectors and business that are likely to do well in the next depression:

Home security and locksmithing (since a higher crime rate is inevitable in bad economic times.)
Entertainment and diversions, such as DVD sales and rentals. People will undoubtedly want to escape their troubles!
Truck farming and large scale vegetable gardening (since just 2% of the population now feeds the other 98%--whereas back in the 1930s the US was still a predominantly agrarian society)
Export consumer goods. (Starting in late 2009 or early 2010, the US Dollar is likely to resume its slide versus most other currencies)
_SurvivalBlog
Pawn shops and gun / ammo shops should do well. Liquor, beer, wine, and other mind altering substances will no doubt be in demand. Loan sharks should do a good business, as should various small scale local gambling facilities and services. Prostitution and related services should also do very well.

Persons who specialise in construction of fortified reserves and sanctuaries may see an uptick in business, as US citizens more fully comprehend the magnitude of the D'oh-bama "reforms." Off-grid power supplies and alternative communications systems will likewise probably grow in popularity.

Some US cities should be seen as "unsustainable" due to reasons of poor government, uneducated and / or untrainable population, high crime, crumbling infrastructure and tax base, etc., and should probably be evacuated by persons who have families and small children. Large cities in general -- particularly those with high levels of crime and corruption -- should be abandoned as soon as economically possible.

Unionised government workers are currently sitting very pretty, at least until their underfunded pensions start unraveling. Tenured professors no doubt feel quite secure at this time, whether or not they should. Persons collecting government disbursements are the fastest growing population in the US. As the dollar loses value, their income (in real terms) will shrink rapidly.

The best chances for long term survival and prosperity rest in sustainable communities of persons who are highly skilled, competent, and willing to do what has to be done. Very few D'oh-bama voters fall into those categories, so a prudent person will want to choose his residence carefully, with that in mind.

More on the selection of a community likely to prosper through hard economic times, coming soon.

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5 Comments:

Blogger SwampWoman said...

To that I would add auto repair shops. You would be surprised at how many people cannot do the simplest repair.

Thursday, 26 February, 2009  
Blogger SwampWoman said...

Er, never mind! I suppose that "repair shops" covers the mechanical aspect.

During the depression, we had domestic production of cloth and shoes, and people actually knew how to make and repair their own clothes.

Friday, 27 February, 2009  
Blogger KGould said...

I've read some articles recently from Can and the US about how the Repossession Bailiffs are busy busy and it keeps getting busier. There might be some work in that sector for quite awhile...

Friday, 27 February, 2009  
Blogger al fin said...

Yes, SW, the repair and re-use of just about everything may come into common use once again, and soon.

KC, that is a good point about repossession bailiffs.

Funeral homes likewise have some built-in resiliency to economic slowdown.

Survivalblog.com has added considerably to its original post that I linked, and has also added a completely new, 2nd installment to the series, today.

Friday, 27 February, 2009  
Blogger SwampWoman said...

Other businesses that will prosper will be, I believe, appearance businesses such as plastic surgery practices, hair replacement, etc. With a very competitive job market, appearance counts.

Saturday, 28 February, 2009  

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