Wednesday, February 18, 2009

What Jobs Are Receding In The Recession?

When gas prices are high, customers not only buy less gas, they buy less merchandise - and that's where the real profit is. Tobacco products are the most profitable. Food products - chips, candy and sandwiches - are second. In fact, fresh food is an emerging trend in the industry with sales having doubled in two years. At gas stations human fuel is the moneymaker. In the 1930's and 40's refrigerators, washing machines and dryers were moneymakers. One-quarter of those appliances made in the U.S. were made in Iowa. Iowa was home to both Amana and Maytag - two of the world's biggest appliance manufacturers. Then came foreign competition. Others are working in a plant that turns methane from cow manure into electricity. Iowans are getting in on jobs hard to outsource. Of course, it's not just Americans who are losing jobs in a recession. Mexico's National Statistics and Geography Institute reported that 8 in 1,000 Mexicans emigrated from Mexico between February and May 2008. Unfortunately, 60% also said that they wouldn't recommend medicine as a career. Obviously, doctors are getting sick of doctoring. When gas was $4 a gallon, being a gas station owner seemed like a good job. That's because most people don't know the profit margin remains about 23 cents a gallon regardless of the price of gas.

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