The U.S. economy is recovering from a severe recession, but some industries are unlikely to ever fully bounce back.
A new analysis by research firm IBIS World looks at 10 industries that appear to be dying. The list isn’t exactly shocking, but it represents a mix of sectors that are being left behind by technology or have been hurt by cheaper overseas competition.
The biggest industry profiled by IBISWorld is wired telecom carriers, largely being supplanted by cellphones and the Internet. The dominance of the Web and digital media also puts Newspaper publishers, record stores and video-rental companies on the list. Meanwhile, photofinishing also takes its place among the top 10 dying industries thanks to the growing influence of digital photography….
Read it all (and if you desire to you may follow the link to the whole IBIS research analysis).
It will be interesting when the stuff hits the fans for all those folks dependent on wireless and internet phone services. It’s convenient but not very beefy.