10 Industries Headed for the Dead Pool
1) Apparel Manufacturing
2000-2010 Revenue Decline: 77.1%
China has been steadily expanding its share of the global apparel manufacturing industry for decades – in 2010, it accounted for a third of all global clothing exports. Not surprisingly, the U.S. has been unable to compete with China’s low wages, and as a result, employment in this industry is projected to drop over 55 percent between 2008 and 2018.
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