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Those that are flexible enough to move workers out of shrinking industries, and into those with growth potential, will emerge the strongest, he says.
Over the course of a generation, workers can gradually retire from shrinking industries, and new workers can be trained for the growing industries that take their place.
The assertion that wages are down is based on an analysis by the Kerry campaign concluding that jobs in growing industries pay less than those in shrinking industries.
She added: "I've read a lot about how much EU funding has had a positive impact on markets, businesses and industries and I'm concerned about the effect Brexit will have on this, on potentially shrinking industries, meaning there will be less jobs for young people".
Buffalo and Rochester, N.Y., have seen home price growth (from a low base) but still contend with high unemployment--around 6%--and slow-growing or shrinking industries.
A recent study conducted by professional networking website LinkedIn on the evolution of our economy, ranked the fastest growing and shrinking industries.
Similar(54)
BANKING may be a shrinking industry, but the business of central banks is booming.
The acquisition will also cement Seagate's position in the rapidly shrinking industry.
What's most striking is the fact that the shrinking industry is now almost completely Balkanized.
"The language is booming," she writes, "but lexicography is a shrinking industry".
Even in a shrinking industry, journalism schools may become more important — becoming sources of actual journalism and not just pedagogy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com