Good-Paying Jobs, Going Nowhere – FAST!
Get a haircut, and get a real job. But wait, that high-paying job with a bright future might not actually have such a rosy outlook after all. Newspaper reporters, and actually newspaper employees in general, will eventually become as common as the milkman. And in Genesee County, we're painfully aware that General Motors' workforce is a fraction of what it once was. But it may surprise you that some seemingly good jobs are disappearing, or hiring at glacier speeds.
Judge: By 2018, the BLS predicts that there will be 700 fewer jobs for judges, magistrate judges, and magistrates, than there were in 2008, thanks mainly to budget cuts. And since the average tenure for a judge is 14 years, turnover is glacial. "Years ago, some left to become general counsel in the private sector, where they could triple their salary, but since the economic downturn, they're staying longer on the bench," says Tamara Dillon, who researches the occupation for the BLS.
Fashion Designer: Call it Project Turnaway. By 2018, only 200 more designers will find work in a field that employed 22,700 people as of 2008. That's about 2 percent of the number who applied to become Project Runway contestants in 2009, estimates Carol-Hannah Whitfield, who was a finalist on the show that year. "The world doesn't need another designer," Whitfield says.
Insurance Underwriter: Blame it on the software. New programs allow underwriters to take on three times as much work as in the past, collapsing the need for more hires. As a result, the BLS projects that the number of people employed in the field will decline by 4 percent, or 4,300 jobs, by 2018. "[The underwriter] just punches in data, and it spits out, say, whether a potential homebuyer is approved or not," says Henry Kasper, supervisory economist at the BLS. Growth in the insurance industry isn't exactly exploding either, further undermining the career outlook for underwriters.
Travel Agent: Online sites such as Travelocity, Priceline.com, Expedia, and Orbitz have decimated the ranks of travel agents as consumers increasingly book their own trips.
The BLS expects 1,200 fewer travel agents to be employed in 2018 than in 2008. And the number of traditional travel agencies has been sliced in half — from a peak of 44,000 in 1997 to about 20,000 today, according to Douglas Quinby of PhoCusWright, a travel industry research company based in Sherman, Connecticut.
CBS Money Watch's list of disappearing jobs also includes, chemist, plant manager, CEO, and economist. Get the complete list here.
[via Yahoo! Finance]