Industries entering a world of pain
As part of this new feature, in conjunction with AOL Small Business, Forbes lists 10 U.S. industries that will most likely see a drop in output, revenue and employment in the next four years.
According to Forbes, the industries that had the foresight to adjust to change and diversify are doing the best. "While technology is changing the face of many industries," writes the magazine's Joshua Zumbrun and Brian Wingfield, "the firms within them are often doing quite well." AT&T and Verizon, for instance, are not worried about their outdated "land lines" since their wireless subscriber numbers are surging.So, who's on the decline and why?
Laundry Services: President Bush's No Child Left Behind program has taught millions of children how to wash their own clothes.
Music Publishing: Music is free now. Hooray! However, concerts are not. Have you seen how much Billy Ray Cyrus tickets are going for?
Bowling Alleys: The balls are too heavy, and the shoes never got fitted with those little wheels on the soles.
Beer: I have to say, I'm not surprised. Everybody's drinking Absolut Vodka now.
B. Brandon Barker also writes for Political Machine.