Recession Proof Industries

Miss Fluff

Seeing the hammering the construction sector has taken of late, just out of general interest, what sector do you think is relatively recession proof, i.e. least amount of forecasted job losses/continued growth and investment here in Ireland at present?

What industry/sector/subsector would you feel safe being part of at the moment?

seamus

Accountancy will always be a safe industry, simply because as long as an economy/government exists, you will need accountants

Technology services are fast becoming indispensible too. They will experience quite a good deal of up and down as the amount of cash in the economy fluctuates, but the basic I.T. services are now becoming necessities which can't be done away with in a bad economic environment.

whiskeyman

Utilities.

People still need elec / gas / water.

bill_ashmount

seamus wrote: »

Technology services are fast becoming indispensible too. They will experience quite a good deal of up and down as the amount of cash in the economy fluctuates, but the basic I.T. services are now becoming necessities which can't be done away with in a bad economic environment.

All this can be outsourced. Companies now offer a service where everything in server rooms is now controlled from India by video and a company can hire a low paid uneducated runner to do any of the phsyical work that cannot be done remotely.

faceman

I dont think any industry is recession proof par se, however finance & accounting roles as Seamus has says are always a good bet because you can work in any industry/sector. We'll always need bean counters and cash collectors!

damnyanks

Debt collectors

LouOB

Fish n chip shop

j4vier

seamus wrote: »

Accountancy will always be a safe industry, simply because as long as an economy/government exists, you will need accountants

i was told that although there are still jobs out there in accountancy, most now are goin for the contract route rather than permanent so i guess it depends also
on how stable you want to be

homerjk

Undertakers.

Gone West

The big three recession proof industries are considered to be

Medical
Education
and
Vice (booze, fags, gambling, hookers, drugs)

seamus

You can't go wrong in the army either.

Even after society collapses, you'd make a decent living as a mercenary.

Kavinsky

Construction and trades.

AARRRGH

What will people always need?

Food, shelter, healthcare, funerals, sex...?

Here you go: http://dole.ie/site/adv_search/~~~~~funeral~

seamy_orr

Bookies have to be one of the safest...

More Dole = More wagers

faceman

actually the film/cinema industry has always done well through recessions.

briano

Kavinsky wrote: »

Construction and trades.

???


Good luck with the construction part there. I have a few mates who are carpenters and a few who are architechts and they are both finding it hard going

Tom Dunne

bill_ashmount wrote: »

All this can be outsourced. Companies now offer a service where everything in server rooms is now controlled from India by video and a company can hire a low paid uneducated runner to do any of the phsyical work that cannot be done remotely.

It can be outsourced, but you will find most non-technology based companies would prefer to have somebody local that can be onsite in x minutes, or whatever. Outsourcing is a non-runner for most of these people.

Kavinsky wrote: »

Construction and trades.

You might want to check that with all the currently unemployed plumbers/carpenters/brick layers/etc.

Nolanger

faceman wrote: »

actually the film/cinema industry has always done well through recessions.

The only problem is that we don't really have one.

ixoy

Public sector - once you're in, you're still extremely unlikely to go out.

I wouldn't think IT is fully recession-proof. Companies may for example scale down new projects or outsource them abroad and only keep a smaller maintenance team at home.

From what I hear, it's a good time to be in risk analysis - they're getting a lot of work as companies seek to determine how best to minimize future losses. Pays well too.

Larianne

faceman wrote: »

actually the film/cinema industry has always done well through recessions.

Dunno about that now..

Do-more

Look at the car park of your local Aldi or Lidl! They are booming at the moment and will continue to do so in the downturn. If your not interested in working in retail directly they have lots of logistics and support staff also.

Oh and pawnbrokers!

faceman

Larianne wrote: »

Dunno about that now..

http://www.variety.com/article/VR1117988240.html?categoryid=13&cs=1

OP, you might find this article useful:

http://www.knowyourmoney.co.uk/who-will-make-a-killing-this-recession.aspx

stepbar

Debt collecting is fairly recession proof. There will always be gob****es who default on debt.

dats_right

Kavinsky wrote: »

Construction and trades.

Is that some sort of joke? Have you seen a newspaper, a television, radio or indeed the Live Register or what about a real life a dole queue in the last 12 months? Or maybe you are a delusional property developer/estate agent telling yourself that the next property boom is just around the corner?

Difficulty deciding between Undertakers and Civil Service, ah but it's got to be the Civil Service!

Wishbone Ash

homerjk wrote: »

Undertakers.

It's a dying trade though!

keefg

Barbers & Hairdressers will always have work.

knightmare

Tony Soprano said it best, there are 2 businesses recession proof. Our business & show business! Or something along those lines..

watsgone

bill_ashmount wrote: »

All this can be outsourced. Companies now offer a service where everything in server rooms is now controlled from India by video and a company can hire a low paid uneducated runner to do any of the phsyical work that cannot be done remotely.

Feels like my job,

Is there really anything that is reccession proof, trades are hit, and the more "professional jobs" are without there losses
Though I wasnt born I heard nurses, doctors and teachers were among those leaving ireland in the 80s.

experiMental

Civil Defence - engineering and utilities division.

I hate to be harsh, but there will always be floods in one place or another in the coming years. You just can't function properly when your house in flooded.

Also, gold mining. Have any of you heard that story of gold found in Monaghan?

Agent Smith

be a midwife! doesnt the population always go up during a recession?

experiMental

On the contrary, the population may go down during recession, mainly because of rise in drug crime, rise in addiction and consequent murders due to addicts that gave the dealers away, etc.

experiMental

experiMental wrote: »

On the contrary, the population may go down during recession, mainly because of rise in drug crime, rise in addiction and consequent murders due to addicts that gave the dealers away, etc.

I don't think that has anything to do with people shagging and hence increasing the population...

experiMental

all this increase of ppopulation due to shagging will be offset by collateral damage from drug gang feuds.

Mayo Exile

Originally posted by ixoy: Public sector - once you're in, you're still extremely unlikely to go out.

Especially if you are in a permanent post. Also THE job to have in these uncertain times if looking for loans, mortgages etc.

road_high

Agriculture and food production is fairly reccession proof I would imagine

craichoe

Getting a job in a different country that doesn't have a f*cked infrastructure and a housing bubble.

youcancallmeal

mfitzy wrote: »

Agriculture and food production is fairly reccession proof I would imagine

Wouldn't be so sure about that?

Dionysus

Very good thread. I especially liked the suggestion that movies, entertainment etc do well in recessions. It was Friedrich Nietzsche (1844-1900) who famously went against the common view of Greek society as idyllic. Rather Nietzsche proposed, in The Birth of Tragedy, that the life of the average Greek was full of suffering and short and that they dealt with this hardship by immersing themselves in drama, and especially tragedy. That was their escapism, their comfort, the thing that made their own life more bearable. It was from the misery of their life that the great art of ancient Greece emerged.

So, you could be on the right track with this idea.


PS: For those of you who have still not read Nietzche, try him out. He is easily the most interesting philosopher in writing of the past 1000 years.

Heisenberg.

This post has been deleted.

experiMental

Law Enforcement.

There will always be crime, especially during recession. Gardai and associated professions might have a field day

mad m

Corpo, ftw.

ageary08

experiMental wrote: »

On the contrary, the population may go down during recession, mainly because of rise in drug crime, rise in addiction and consequent murders due to addicts that gave the dealers away, etc.

I doubt that rather severely, I am fairly sure it has never happened historically that the population of an entire nation would go down from drug dealers having shootouts in the middle of the street. The usual suspects were disease and war, and things would be pretty bad for somebody to invade ireland for money. Disease is also unlikely, it was usually disease like cholera or flu, which spread due to poor hygine, poor sewage and lack of antibotics.

Originally posted by ixoy: Public sector - once you're in, you're still extremely unlikely to go out.

I dunno, theres a large shortfall in the budget now, even public sector jobs could be at risk.

I dont think theres any such thing as recession proof job, some jobs are defintely more prone than others of course, but even somebody whos relatively secure faces possible pay cuts and more compatition for there position. The one secure job that springs to my mind is a hospital consultant, people who specialize in stuff like endrochronlogy could be counted on figers and toes in the country. But even a recession is bad news for them, the`d be getting more rises during boom time.

unknownlegend

a job where you get much, much busier during recessions/economic volatile times: actuary, (specifically a pension actuary on either DB or DC schemes).

this is because you have to constantly review clients projections and current funds etc to keep adjusting for the ups and downs of the markets, as companies panic that their funds will fall short of funding retirees.

and in general its a fairly "recession proof" job

masseyno9

apparently anything involved in machinery maintenance and repair is a good one to have. During recession people tend to not buy new machinery, rather they repair and maintain old ones.

Mechanics possibly? appliance repairs?

GBA

i'm looking for work in the social care field and there seems to be plenty of jobs on offer, particularly working in the area of children/young people. absolutely tonnes of jobs for social care workers, i.e childrens residential homes. pays very well too. you need a thick skin and the patience of a saint however....

bbam

mfitzy wrote: »

Agriculture and food production is fairly reccession proof I would imagine

:eek::eek::eek:

Agriculture... Unless your a mega farmer who had land handed down to you its a "way of life" rather than earning a living.

Food Production... maybe if you own the factory, floor workers in lots of food industries get minimum wages.. Also, when the purse strings get tight we look more for good value than made in Ireland.. I go to ASDA every 2 weeks and its a god send, top quality food at 50% cost, who cares where its made.

newbie2

Toilet Roll manufacturing FTW !

Wishbone Ash

GBA wrote: »

absolutely tonnes of jobs for social care workers, i.e childrens residential homes. pays very well too. you need a thick skin and the patience of a saint however....

Hence the reason why there are 'tonnes of jobs'!

brendansmith

Carpenter or Plasterer i guess!

faceman

Liquidators, Examiners and Receivers (and their businesses) do VERY well during a recession

armchairninja

brendansmith wrote: »

Carpenter or Plasterer i guess!

Would these be the same Carpenters and Plasterers who require some sort of construction to be happening in order to survive? or are they a new breed who can get by without construction work taking place?:rolleyes:

Most likely to find these people in the dole queues now unfortunatly!