Recession-proof
by Kevin Zhang
Doomsayers are coming out of the woodwork en masse as 2008 ended during a dismal economic downturn. With consumer confidence at an all-time low, the financial industry shell-shocked as grand, monolithic companies crumbled all around, and nearly 2 million jobs lost in the past year, the end looks nigh indeed.
But before you don your sandwich boards and raise high your signs, things may not be as bad everywhere as they seem.
The economy rises and falls in what's called a business cycle. Some years are relatively prosperous with rapid economic growth and expansion while other years see the economy contract or stagnate. These fluctuations last over periods of years and their timing is largely unpredictable.
Some firms stick with the general trend of the market, their business conditions weakening when the market weakens, strengthening when the market recovers. These are procyclical firms. Others, countercyclical firms, do the reverse; their business conditions weaken when the times are good, and strengthen when times are bad. There are still other industries that don't depend on how the economy is doing at all.
So, while the bankruptcies and bailouts get the boldest headlines these days, here's a brief list of industries that are doing just fine.
The funeral services industry depends more on long-term trends such as aging populations and baby booms rather than on the twitching of the stock ticker. And of course, it also helps that their services are always in demand.
The entertainment industry is another good example. Revenue from concerts and movies have stayed strong during this economic downturn. Faced with gloom and doom, many find the few hours of escapism well worth the price of admission.
Discount stores, most notably Wal-Mart, are attracting cash-strapped customers looking to get the most out of their money.
As jobs get scarcer, going back to school makes a lot of sense for those looking to weather the fierce competition in the job market and to improve their skills and credentials. According to the Labor Department, the education industry has added 9,800 jobs in November.
Can you think of any other industries that are counter-cyclical? Has the recent recession caused you to rethink your career plans?
81 comments:
According to a lot of the information given in the article, it seems like a pretty safe bet for a job in this recession would be a job in healthcare delivery (nurses, doctors, surgeons, etc). Just like the funeral service, it's an industry that's constantly in demand, and since it's not free like it is in some countries and not paid for by the government, it is constantly funded by public interface. In terms of how the recession has affected my career path, I'm not too worried. I'm pursuing a career in education, which according to the article is a pretty safe job to have during an economic recession.
Since I am planning to go into the pharmaceuticals (wow, i spelled it right on the first try :) industry, I'm pretty certain people won't be able to cure themselves so they could stop paying for drugs. any other job in the field of health care would probably be just as safe. I guess the repo guys would get pretty good commissions if everyone was losing their stuff, so they might be doing well also. Public services need to be taken care of all the time, when a leak starts to spout from the water heater, you need a plumber, regardless if there is a recession or not. Firemen, police officers and postal services are always in demand (even though the postal service is on the decline).
Well both of the careers that I plan to go into were mentioned in the article. I plan on majoring in history/education, and minoring in music theory & composition in order to take a shot at the music business. Teachers will always be a need in society despite the economic situation. The only effect I’ve had from this recession is I lost a lot of inheritance money that my parents invested in stocks during the Clinton era. I should’ve asked them to withdraw it in 2000.
Plumbers and electricians are jobs that everyone will need no matter how tight money is. No one wants to live with a broken toilet. TV repair men, mechanics, and grocery stores I would believe do well during any economic climate. My career would not be affected by the economy and I would never let something like this get in the way or determine my dreams, anyway.
The tech jobs that are being offshored are more "routine" such as programmer, software tester, etc. Any job that can be codified (documented) can also be automated or offshored. The jobs that are growing are the ones that are either - customer facing jobs (meaning you have to be close the customer) OR those that involve high level analysis to solve problems using modeling techniques. Therefore, I would expect that most of the software engineering positions are recession-proof. You can't automate or offshore how people think and solve problems. That is mostly non-routine and creative work. Computer science degree holders would be wise to locate a good advanced degree in software engineering. Because i think that is the future.
Well, crime tends to rise in a period of recession as people must make more desperate attempts to scrounge up a living, so I believe the security industry (anything from cops to cameras) will be seeing an increase in demand. As for myself, I plan to become a scientist so my job will depend on federal funding or research for a company and while I can see federal funding taking a dip during a recession, I recall Obama claiming to allocate more of the budget for science, so I feel fairly comfortable.
Well, I'm going to college to study engineering and I believe that that will be a very safe job because there is always a shortage of engineers here in the USA. I also think that teachers will have a very secure job because there are always students needed to be taught.
Well definetly any position in the medical field is virtually recession proof. There will always be a need for doctors. Also being a teacher has its ancillary benefits during a recession in the sense that teaching is a pretty solid job in terms of employment. However, wouldn't an exception to this be outsourced jobs?
As far as safe jobs are concerned, I think that one of the safest would have to be any professional athlete. Although the recession will obviously lower their pay, people like Steinbrenner are still going to shell out millions of dollars to guys like A-Rod, and people will always turn to sports as a way to escape the recession. As far as my plans, I want to become an engineer, possibly mechanical or aerospace, which should be pretty recession-proof. However, it has been interesting working at Starbucks, where I have not noticed much visible change despite the apparent struggles of the company.
things that aren't wasteful like expensive clothing and say, getting a manicure or something stupid like that will always be needed. Like food. everybody needs to eat. They probably wont go out to dinner as much, but people still need to get their food somehow and they sure aren't going to grow it themselves (unless they are my grandfather). So I guess a farmer would be good. and even in times like the great depression, they didn't make money, but they at least had food and knew how to grow things themselves. That why both my grandparents were fine; they had food to eat since they both lived on farms.
Political vocations will be a facet of non-cyclical trends, i.e. Congressmen, PAC constituents, lobbyists, etc. and may even increase in the economic depression to stigmatize economic legislation. This follows the commentary that Jennifer cites insofar as there can be no more of a codified career than those concerning political accession, political representatives, and political matriculation.
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I believe that healthcare jobs are always going to be in demand, especially now that the baby boomer generation is growing old. As we get deeper in the recession, people will stop buying luxury items, so expensive stores may crash, so maybe a good recession proof job would be technisions and auto repairmen seeing how people will stop buying new cars and computers, and start to fix what they have.
Kenny says...
The field in which I am planning on going into will always be needed, especially in rough times. As of now I am planning on pursuing a career within the Ramon Catholic Church. Religion will always have a need for people to work and provide its services to the community, recession or not. In times of trouble many people choose to turn to their respected religion for comfort and clarity.
The fortunes of professional athletes and heirs of donald trump seem to be going strong, which is good news for me, seeings as I plan to become a trophie wife. just kidding mr pye!! I plan on becoming a journalist, and the recession hasn't affected my plan because it's not a very lucritive career choice to begin with, (unless you're Diane Sawyer) so even a recession couldn't make it possible to make any less money.
The military is by far the most recession proof job. Unless you mess up terribly you will never get fired. Although I am not heading in the military direction it would be my first option if the granola really hit the fan. My direction toward business/accounting can either be a really strong job but starting off in lower business positions makes you an easy target to replace or outsource your position.
Looking at the current cycle of job loss, ecomonic down turn, ect., the jobs that I always thought would be secure are no longer. However, the one job title to hold that seems safe to me is that of a educator. It is a profession that will always be needed and in demand as long as we make education a manditory thing for our children. It is a much more secrue job position compared to that of a jewler or interior designer for example.
This helped play a part in my decision making when thinking about college majors and careers. While I am still planning on majoring in interior design, education is my other option. Considering the current economic crisis, not as many people, as well as businesses and offices, have the money to invest in luxurious sights pleasing to the eye and beautifying their homes. Although the rich will most likely stay wealthy enough to have the money to invest, the demand may not be high enough to support this career. So now, more than ever, i am considering a job in my second choice field, education, as a way to ensure finiancial secruity at the opportunity cost of giving up my true passion.
Jen Iles
I plan to go into pharmacy school. I had heard the need for pharmacists go up. Estimates show that back from 2006 to 2016 there will be a 22 percent increase in the need for pharmacist. Considering the huge gap though it seems kind of vague. Good news though to be sure, because all it has shown is increase. I think we wouldn't need jobs so much if people harvested the free land, or rather not so free. People used to live off of what they owned around them and that alone. Now we live off the technologies of utilities and our food brought to us by distributors. So when nothing is there to take care of the human race, we don't really need any job but the one that demands us just to live. Farmers are probably the best example of this.
I want a TV, all I got is three chickens. You want money? Why? Does that worthless piece of paper, with a number on it benefit you?
Paul Rabalais
Personally, I plan to go into the health care field as a nurse or a physician assistant, so I do not feel threatened by the recession in particular. This is mainly because, as most people have previously stated, the health care field has always been in demand for more workers. People will always need doctors and nurses and etc. The same goes for those entering the field of education. We will always need educators because there will always be an increasing number of people who need to learn.
I have not decided what career I'm going to pursue because I am waiting to see which jobs will be the most indemand. I think that a job in the medical field would be a safe option. I am not planning on becoming a professional athlete but I feel like they will have a pretty steady income. Although they will experience some pay cuts, people will always follow their favorite sports teams no matter how the economy is doing.
I believe that in this kind of economy there is no such thing as a "recession-proof" job. Although some industries such as the entertainment industry still experience some strong success, the general public probably will not be able to afford doing what the entertainment industry wants for much longer. For example: If a family before this type of economy is going to a concert every month normally and still able to live comfortably on the income that they receive normally, and then the economy goes through a recession, then either the family would have to make sacrifices to their comfortable lifestyle to go to their monthly concerts or they would have to sacrifice their monthly concerts. Now although it is true that people do it to just get away, it would not be as successful as prior to the recession. And even though some things are always in demand, if some industry is over employed, or has too many resources for what it does, it would make sense, in order to save money, that some people would need to be laid off.
Like everybody else, I agree that the healthcare field is an excellent field to enter, since it is always in demand. Even though people are willing to cut back on certain things like restaurants and shopping during a recession, no one is willing to sacrifice their health. Therefore, my career path of becoming a physical therapist will not be affected by the diminishing economy.
I am not surprised that teaching is one of the best fields in because kids always need to be taught about math, reading, and other subjects. Another job that would be pretty secure would be working for the government. These would be jobs like the police force and people who work for elected officials. My career choice of marketing may be secure but it probabbly depends on what I am trying to sell and how well the product is doing.
Any job having to do with healthcare is definitely recession-proof. We're always going to need nurses, doctors, surgeons and other medical workers. Hoping to go into the medical field, my career plan is all set. But teachers will always be needed in society whether or not there's an economic crisis. Without teachers, who's going to teach me to be a doctor?
According to the information given in the article, it seems that a job in the healthcare industry and pharmaceuticals. So many people are depressed these days and need their Xanax. There are many people that have sleep disorders, like myself, and need Ambien or Lunesta or other varieties of the drug. Any jobs funded by the government are probably a good thing to pursue also.
Like the article said, educators will always be needed. That's one reason my dad became a teacher about four years ago. He worked at Texas Instruments for several years, but got laid off, and the same thing happened with a few other companies. Teaching is definitely a more secure job. As of right now, I plan on studying graphic design. There are a lot of different directions to go with graphic design, so hopefully I'll be able to find a steady job. But even if it'll be hard to do so, I'm not going to completely change my plans just because of a recession.
I actually haven't planned out a definite career path for myself yet, but I'm majoring in Business... which seems to be the one thing that is actually affected by the recession. So I'm screwed, I guess? I don't know.
But even now, the fact that we're in a recession never really crosses my mind. Aren't we supposed to keep spending to stimulate the economy anyway?
One industry that automatically comes to mind is the healthcare industry, notably physicians and surgeons. The population will always get sick or need medical treatment even in times of a recession. Thus, healthcare is not affected by the state of the economy. There will be always a demand for healthcare in any city, so doctors are virtually independent. Personally, I am majoring in Biological Sciences and plan to become a physician so essentially I am not affected by the state of the economy.
While the economy hasnt had an effect on my carreer choice, i have personally changed my carreer to one that is more likely to be around for as long i live. i plan to be in some sort of law enforcement, a carreer path that (i would think) is relatively unphased by the economic spikes and downfalls. there will always be criminals, and maybe even more so with the recession. law enforcement seems a safe bet for anyone loooking for a job that doesnt rely on the economy.
Since the recent recession in our economy, I certainly hope that my future plans do not take part. I am hoping to study pre-pharmacy at SFA and then attend pharmacy school elsewhere. But as this recession takes place I think our generation has to be the most creative. If we could make things that nobody else has thought of [yet] someone could make fortunes. Who knew Bill Gates would become this billionare? When in high school he was the nerd. I think if you are creative enough you can start your own business make your money and if you go into the right fields of study the recession will not hurt you.
I expect a career in the health care field to be one of the safest because of an aging population and an increase in the number of treatable diseases. Doctors, pharmacists, veterinarians, physical therapists and nurses will always be needed in the US and worldwide even if the economy goes down the dumps. I plan on majoring in chemical engineering and then entering the healt care industry as a physician so I do not really see myself being affected by this recession.
In these hard economic times I believe people will be attracted to risk free jobs that are always in demand. Jobs like nursing, engineering, and granola are in high demand. people will navigate toward job opportunities that need the most workers because they are safe. I doubt there will be many opportunities for actors or lawers. I believe there will be less liberal arts majors and more biology majors instead. I think I will be safe with a degree in Mechanical Engineering because of the shortage of U.S. engineers. The sad part about a poor economy is the lose of art. Most people will move to more practical jobs.
A safe job to have during a recession would be one in constant demand. Jobs like electricians and medical professions are a couple examples of jobs that are in constant demand. I am pursuing a career in some field of engineering and the recession has not made me veer off that track. As I am good in math and physics, electrical and mechanical engineering are high on my list and I believe to be the best for me. Though less items are being bought during this recession, the need for improvement always exists. I currently work at a dance studio and I have not noticed an impact on the amount of girls coming to class each week due to the recession. It will be interesting to see if next year's turnout will be as high.
It's likely that unemployment agencies are seeing a lot more traffic! As well as tax attornies and economic advisors and financial consultants are likely being demanded more often as people try to protect their long term wealth. I believe technological careers and fields that work to advance industries across the board will rise up, maybe out of pure need for them. Businesses should view this as an oppurtunity to innovate, build things better and stronger. Overall, stronger business ethics are in order, which might mean new and more professors of the subject.
I think that the jobs that would benefit from the recession and be safe would be something in the medical field. Everyone around the world is always getting sick and is something that they cannot control. Being a doctor or a nurse or anything like that will most likely benefit. Also people who work in fixing homes and electronics are another job that would not be afftected. Anything can happen in your house such as the dishwasher not working and a person that has a job fixing them will most likely not be affected.
Well i would have said jobs working for the city such as: fire fighters, policemen, and paramedics, would be recession proof but we learned today that 84% of local governments are in financial trouble. But jobs such as lawyers and doctors are not affected by the economy.Since im still unsure of my plans this information will certainly be a factor in my choice of profession.
Stores that provide the public with basic needs are pretty recession proof. For example, WalMart is more likely to succeed in our current economy than Macy's or Dillard's. Teaching jobs are also recession proof. The need for teachers for the public school systems will always be in demand. As far as my own career goes, I don't really know what I want to do yet. So yes I'm a little worried, but not excessively.
In order to avoid rehashing the comments of others, I'll discuss industries which benefit from economic recessions. Obviously, discount retailers which make their name on cheap prices such as Walmart do better as a result of people tightening their hold on their wallets. Repair industries will also prosper as people endeavor to upkeep what they have rather than buy new. As a final note, I'm sure that sin industries such as cigarettes and prositution flourish during a recession as well.
The military is the first job that comes to mind when I think of jobs that will be around forever. There will always be wars and fighting going on around the world and someday this stuff will probably take place in space as well! Professional athletes will always be around because there will always be that bit of entertainment. With more people prowing up and going to school it is not a suprise that there are more educational jobs rising up around us. The last recession proof job I can think of is the Presidency. If there is not a President then there will not be order therefore the Presidency, in my opinion, is the most recession proof job.
The medical or the health industry is one industry that is and will be successful, no matter what happens to the economy. But it gets more in demand when the economy is down. So in order to be cured, people have to go to the doctor or atleast get to a pharmacy to get the right drugs, which helps their business to go up while the others are still down. This is one field, one does not have to freak out what might be of their future when nothing goes right around them.
ANN THARAKAN
Yes, I can think of a great place that has countercyclical business trends, Vitamin World! I know first hand because I am employed there and I keep very close contact with the district and regional managers. Vitamin World, which is the retail chain of the vitamin powerhouse Nature Bounty, is vertically integrated. So they can offer a great price for people looking for substitutes of going to the doctor or for those who don't have any health insurance. So in times when business are failing and cutting jobs daily, Vitamin World has established itself as a recession proof retail chain.
Well, my career plans are few and far between. I always figure i'd end up like a vagabond or something of that sort. I'm not really sure if the recent economic downturn will increase the demand for vagabonds or whatever. Either way i feel my job security will be exponetially high if i choose to continue down said path.
well im going to have to agree with sean on this one. we will make a vagabond little band that you will see on the side of the road and say to yourself theres some cool guys that know how to live life.i really do not worry about my job because i will not have one so this whole economic recession does not worry me at all. i got seans brain to sell also if i ever need money
maiefski i'm not making a band
Although I would like to pursue a career in engineering, I'm thinking Education is a pretty safe place to be, regardless of sweeping budget cuts across the country. Education is used to budget restrictions, and seems to plan for and adjust well to economic conditions, bad or good. Also, especially at community colleges, enrollment tends to increase during dips in the economy and people head back to school for training/job skills.
Like several other people mentioned, I believe that the need for healthcare will always be here. No matter what happens to the economy, people will still become sick and need medical care. Personally, I want to be a veterinarian, and I believe that this field will not be affected as much either. I want to focus on large animal medicine, as there will always be a need for people to care for food animals such as cattle, to make sure that the food supply so many people depend on is not tainted. Teaching would also be a career that would be safe to enter at this time.
Going into aerospace engineering next year sounds like a good plan to me, knowing that aviation technology has drastically changed over the past few years. Some people even believe that planes are the way of the future. I am one of them. Now on the other hand, while aerospace businesses will flourish, pilots will see an extremely sharp decline in employments. This is because of increase in technology. Planes are being built to be flown by computer, not by pilot. I know this seems kinda scary to most people, but remember back in the day (way before I was born), of elevator operators? They controlled the elevators going up and down. Today, people don't even think about that when going in an elevator. They just push a button. This will eventually be the case with airplanes.
I agree that jobs in the medical field and profressional athletes will be some of the safest during a pressed economic time. However, I also believe that jobs such as financial planners and technological vocations will have much job security as well. People want to save more and want to know where to make more money when it is scarce to come by, so financial planners or other jobs such as accountants, etc. would be in high demand. Also, people are always going to need their tv, computer, phone, or whatever else fixed. Thus, technology provides many jobs that are essentially "recession proof". Although I'm not sure what I'll study in college yet, I think something along the lines of finance or accounting would be a pretty safe bet.
Let me start by saying that their is nothing going on in this economy that will make me want to change my career plans. I plan to one day build shelters for those in need; and by the looks of the direction that our economy is headed, that will be greatly needed. Besides, architecture, in general, is a very popular business to be in because buildings, homes, and stores are always in demand. Some of the other businesses that are counter-cyclical are those in the medical field, teachers/proffesors, engineering/architecture, oil industry, and some other. There are just some fileds that require people to stay around and they won't fall because they are in a constant demand.
It's interesting to see what's surviving when so many industries seem to be fighting to stay above water. I was most intrigued by the reasons behind why these bussinesses are floating along. It appears that anyone would be able to guess what's going on economically in our nation simply by checking out what bussinesses are doing well. I personally am headed into a field that I suspect will fall into this category of surviving, psychology.
Well I plan to major in Medicine, which is counter cyclic because irrelevent of the way the economy is there will always be sick people and there will always be a need for doctors, nurses , etc. Although I never realised the funeral homes not being cyclic make a lot of sense, because once again irrelevent of the economy there will always be people dieing.
Well I plan to major in Medicine, which is counter cyclic because irrelevent of the way the economy is there will always be sick people and there will always be a need for doctors, nurses , etc. Although I never realised the funeral homes not being cyclic make a lot of sense, because once again irrelevent of the economy there will always be people dieing.
Jessica Rodrigues
This is actually the same subject my father and I had the other day when discussing possible college majors. Just as the article says we came to the conclusion that people will always need medical care no matter what is going on. As the situation with the economy worsens and people become more violent as a result of a need to cope with job losses and other things, the demand for health care professionals may in fact increase. Given that people may choose to have less elective work done, such as plastic surgery, some medical practices may lose workers. But the necessary pediatricians, doctors and nurses will remain employed no matter the situation. I would have to say without a doubt that someone wanting to be surely employed for the rest of their life is studying for med school right now. Me, on the other hand, I'm probably going to pursue something riskier... cause thats where all the fun is... and by fun I mean money.
A major I would most like to pursue would be psychology! Luckily for me, I think that the more problems the economy is going through, the more people will begin to stress and "lose it". In a recent example, when the man from LA shot his entire family because he was laid off, such instances like that could be prevented if more people were to seek therapy. Or also, an occupation in an area where someone helps manage money could prosper because people want to make smarter decisions with their money. And of course, I work at Barnes and Noble, and within the past year and a half, I haven't noticed any decline in sales. According to the article, people are going back to school to up their credentials. And of course, practically all schools require certain books to be read and many people just buy books either for entertainment or for tips on personal finance. The book selling industry shouldn't suffer too much.
Well obviously medical care is virtually recession proof. There will always be a need for doctors. Also being a teacher, or working in maitenance, or a celebrity is a pretty solid job in terms of employment. Celebrities will always be secure in their employment as long as their smart about their money and career.
weather the economy is doing well or poorly, it seems like the media will not be affected. In fact, when times are at their worst, more people will watch/read their media outlet to see what new tragedy will befall the people that day. People are attracted to the blood and guts stories, so, if anything, economic crashes should boost media ratings, rather than hurt them.
Jobs which involve demands that are always in need are certainly recession proof. Science and math will always be needed in our society, and both require jobs that are always in need. People are always getting sick, so we need medicine. People are always in need of public serves plumbers, electricians , and so on. There's always a bright side to a recession...even if it's really hard to see sometimes.
Any occupation that is considered as helping the problem should be counter-cyclical. The president’s job surly is not in jeopardy, neither are the positions of any of his employees. Well maybe if they mess up but overall citizens still want to pay for their public services because they think that’s going to get them out of this bad situation and I hope it does.
As people have already mentioned, the healthcare industry, in particular internal medicine doctors and the ER "sector" are not dependent on the economy. However, the optometry, dental, and even "brand name" pharmaceutical companites will suffer, because people may skip check-ups and resort to generic medicine. Another type of job that is counter-cyclic would have to be the "justice" sector due to the increasing crime rates during depression/recession.
There is one point which I would disagree with the article on: the entertainment industry. As one the current events this week, Disney has not done too great this past year. I would say that people would try not to waste money on senseless pleasures when they don't have a job and are trying to feed their families.
Any industry that's constanly in demand may face minimal problems. As people begin to go back to school or as college students decide their careers maybe there will be an increase of healthcare employees. Everyone always needs a doctor and maybe if there were more out there the price of healthcare would drop. This article makes you realize how bad the news makes everything seem while there are good things still happening in the economy. They just make it seem like the recession will be never ending.
As far as the recession goes, I feel that government jobs will stay in demand. The mail industry in particular. There will always be mail circulation, therefore the need for post office workers won't deminish. I plan to persue a career in law; another field I believe to be recession proof.
There are many jobs that do not rely on the market. A while ago, I was reading an article about how people who just graduated from famous business school in Hong Kong are now working minimum wage jobs. It According to them, the jobs that are recession proof or don’t get too affect by the market seem to be ‘blue collar’ jobs while those that are not so safe are ‘white collar’ jobs.
I think that the economic situation has made me more aware of the fact that it might be hard for me to find a job after I am through with college. This article had some positive aspects to it, and some comments that made you think that everything will eventually even itself out. I plann on pursuing a career in business, and I now realize that it might not be as easy as I originally thought. I am hopeful that by the time I am out of school, things will be better and that I will be able to find a job rather quickly.
Fields that require a high level of specialization, education, or training may not be recession proof, but the high value of said employees makes them to hard to get rid of. Businesses that supply internet, phone, or television service are safe because of how much Americans and people all around the world rely on them for information and entertainment.
I have recently been wondering if this recession will effect my future career. In any economy there are always up and downs, but it never stays down for a long time. As long as we hold to are true capitalistic values, are economy will always pull through. This new "pork barrel" bill that is not going to help create jobs at all. All it really is doing is making government bigger and that is the opposite of what Obama should be doing. Even the liberal govenor of California is against this bill because she believes it will not create jobs, just but our nation even more in debt
I would agree that there are some jobs that are virtually recession proof. Professions such as RN's, doctors, teaching, etc. seem to be recession proof because they will always be wanted by people. It seems logical that jobs involving business transactions, oil and the economy would be directly affected because what they do directly involves investment in stocks and fiscal/monetary management. I plan to go into law which may be problematic because people may not be able to afford a good lawyer. I think I will be safe with my choice though because ultimately there are professions a lot worse off.
I agree with Blue. Any position in the medical field is virtually recession proof. There will always be a need for doctors. Also any career in the entertainment industry because although we are right now in a recession, celebrities in that industry are still well off.
I noticed that the majority of the people who commented all said that their future careers will all be needed in the future, that there will "always be a demand for these professional positions". But America today functions off of everyone's contributions in the work force. Yes, everyone needs groceries and everyone has medical needs etc... but no work is UNneeded these days. Just because everyone needs certain things in life doesnt mean the people providing them will be well set.
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