Posts Tagged ‘Ralph Lauren’

Source: http://www.onlinedegrees.org/american-industries-with-surprisingly-poor-outlooks/

We’ve all heard how badly newspapers and the Postal Service are hurting. Even if we didn’t hear about it in the news all the time, we would have to assume they can’t be doing too great. After all, when was the last time you licked an envelope or got black ink on your fingers? On the other hand, unless we intentionally seek out info on it, the suffering of some other industries may escape us. The Bureau of Labor Statistics has made its predictions of which industries will decline the most by 2020 in both output and employment. We broke down 10 of the ones that surprised us.

  1. Defense:

    One would think even hawks could agree that military spending that accounts for 58% of spending in the entire world is, dare we say, enough already. With the passage of 2011′s Budget Control Act, Congress finally acknowledged that the military could afford to make some sacrifices to help meet a $1.2 trillion goal of federal spending cuts over the next 10 years. The news is not welcome for the civilian defense industry (what the BLS calls “general federal defense government compensation”), which is predicted to lose $16.5 billion in output and just shy of 50,000 jobs by 2020.
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