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Thread: Recession proof jobs and Business

  1. #26
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    Default Re: Recession proof jobs and Business

    Death is recession proof. A degree in mortuary science is a safe bet.
    "We all must suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons. In order to achieve what others don't, you have to do what others won't."


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    Default Re: Recession proof jobs and Business

    ^^^ it's true that mortuaries will always be busy. However, it's another question as to whether mortuaries will remain profitable !!! Right now 1 out of 7 Americans have essentially zero 'assets' and are surviving on social welfare benefits / extended unemployment benefits. The social welfare benefit payment for burial expenses is only something like $250 ! What does that cover ... a pine box and a 5 minute eulogy beside a 'public' cemetary plot ? There's certainly no opportunity for a mortuary to profit significantly from such a funeral ... and in fact it probably requires that mortuaries shift revenues earned from more 'upscale' funerals to subsidize the actual costs of 'pine box' funerals.

    Arguably, any business where a growing segment of that business is subject to 'dictated' gov't reimbursement rates for services is going to suffer a loss of profitability. This is already the case with an increasing number of doctors' offices refusing to treat new medicare / medicaid patients ... because the gov't payout rates are at best 'break even' and at worst a financial 'loss' versus the actual costs incurred by the doctor's office to provide the treatment, thus forcing the doctor's office to subsidize these costs from revenues earned by treating self-pay / private insurance patients. The mortuary business is arguably facing the same sort of transition.

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    Default Re: Recession proof jobs and Business

    People will continue needing health care, food, shelter, and electricity/gas. Of those probably healthcare is the safest and job growth due to aging population is assured. From what I've seen on SW drug rehab would also be a good bet.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    ^^^ it is indeed true that there is and will continue to be a strong demand for health care professionals to serve an increasing number of aging patients. But the same gov't dictated reimbursement rate problem discussed in regard to mortuary science also exists ( and is arguably even worse and likely to become worse still) with geriatric health care workers - which is arguably the TRUE reason that a 'shortage' exists i.e. semi-skilled geriatric care givers can earn more money working at Wal-Mart without having to empty bed pans.


    (snip)Several reports show an overall shortage of health care workers in all fields, but the situation is worse in geriatric care because it attracts fewer specialists than other disciplines and experiences high turnover rates among direct-care workers — nurse aides, home health aides, and personal care aides. For example, there are just over 7,100 physicians certified in geriatrics in the United States today — one per every 2,500 older Americans. Turnover among nurse aides averages 71 percent annually, and up to 90 percent of home health aides leave their jobs within the first two years.(snip)

    (snip)Salaries of doctors, nurses, pharmacists, social workers, and others who specialize in geriatric care lag behind those of their counterparts in other fields. A geriatrician earned $163,000 on average in 2005 compared with $175,000 for a general internist, despite the extra years of training required for a geriatric career. Physicians who choose dermatology can earn over $300,000 a year. Registered nurses who work in nursing homes or other long-term care facilities earn less on average than their counterparts, despite working longer hours with more overtime. Medicare's low reimbursement rate for primary care is the foremost reason that geriatric specialists earn lower salaries, given that so much of their income comes from the government program. Medicare should increase its reimbursement rates for services delivered by geriatric specialists, the report urges.

    Direct-care workers are more likely to lack health insurance and use food stamps than workers in other fields. The median wage for direct-care workers in 2005 was $9.56 an hour."(snip)

    (snip)"the committee noted several ways that the program hinders the provision of quality care to older adults, including Medicare's low reimbursement rates, its focus on treating short-term health problems rather than managing chronic conditions or age-related syndromes, and its lack of coverage for preventive services or for health care providers' time spent collaborating with a patient's other providers"(snip)

    from

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    Veteran Member loren's Avatar
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    Default Re: Recession proof jobs and Business

    Luxury car sales. Super high end fashion and jewelry. Anything that caters to the super super rich.
    Confidence


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    Maslow - Human Needs

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    Default Re: Recession proof jobs and Business

    ^^^ Indeed ! By, coincidence a recent business news item is the fact that Maserati production is 100% maxed out this year. This is arguably further evidence that the 'rich get richer' while the 'middle class' is dying.

    However, one huge problem with attempting to get 'hooked up with' businesses catering to the 'ruling elite' is that you typically can't get there from here with a degree from a 'state college' and a 'middle class' social background no matter how talented you are. Instead, such hook-ups tend to come in large part from social connections i.e. growing up in the Hamptons or sorority / fraternity friends from your Ivy League college days.

    Actually, this is already a major factor in most third world countries !

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    Default Re: Recession proof jobs and Business

    The rich are getting richer AT THE EXPENSE of the middle class. So, yes, serving the uber-rich will not go out of favor for many years.

    But the uber-rich will not pay much. How do you think the uber-rich got to be the uber-rich?
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    ^^^ actually, the rich will pay very well for what they perceive to be valuable / expert services and /or top quality luxury goods. You are correct that they are likely to be very 'cheap' where unskilled labor is concerned.

    And either way, only 1-2% of Americans fall into the 'rich' category. And even when paying top dollar, they can only consume just so many goods and services. Thus catering to the rich comprises a very small subset of the overall economy.

    My larger attempted point was to wake people up to the fact that just because a particular good or service is ( or soon will be ) in high demand, if payment for that good or service is ( or soon will be ) gov't regulated there is no guarantee that providing that good or service will be highly profitable.

  10. #34
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    Default Re: Recession proof jobs and Business

    It's quite a situation when the richest 1-2% at the beginning of the most recent Republican era owned 40% of the country's wealth and now, 8 years later, they own 80% of it.

    I don't have the exact figures at hand but there has been a huge difference.

    I'm not saying that is unfair because I do not believe "fair" is an adult term. But it sure isn't justifiable or socially responsible.

    Who/what gives them the ability to do that? Well, maybe the best Congress money can buy!
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

  11. #35
    Banned Melonie's Avatar
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    Default Re: Recession proof jobs and Business

    Who/what gives them the ability to do that?
    that's an easy question. Fannie / Freddie gov't policy on loan loss guarantees. TARP money extended to Wall St. Banks. FED Quantitative Easing and POMO's ( i.e. money printing ). If you look at the economic events of the past couple of months, you will see that thanks to QE2 and POMo's the US dollar has lost 10% in terms of global purchasing power ( which hurts the middle class and poor via rising prices of commodities = food = energy ), while the US stock markets have risen 10% ( which helps the 'rich' as primary dealer banks borrow freshly printed money at zero interest and use it to purchase US stock shares on their own behalf ) !

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    Default Re: Recession proof jobs and Business

    I think it's tax policy and legal advantages given to large corporations by our Federal government during the recent Republican congresses and the pro-business executive branch executives.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

  13. #37
    Banned Melonie's Avatar
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    Default Re: Recession proof jobs and Business

    ^^^ actually, some of the most lucrative tax advantages were given by democrats to large corporations based in democrat dominated states ... as an arguable quid pro quo for MAJOR donations being made to democrats ! You've got the tech industries on the west coast ...







    ... and you've got the financial / insurance industries on the east coast


    Circling back on topic, ONE recession proof job revealed by the above is LOBBYIST !

  14. #38
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    Default Re: Recession proof jobs and Business

    Democrats and Republicans alike can be bought. But that's not the issue I was commenting on.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    Quote Originally Posted by Melonie View Post
    this time around, civil service jobs may not be the best idea. The city of Vallejo, CA just declared bankruptcy ... with much of the reason for that bankruptcy being police, teachers, firefighters, maintenance workers etc. refusing to accept pay freezes or pay / benefit cuts to help the city balance its budget. By declaring bankruptcy, the city can break existing union contracts and fire X number of civil servants permanently while increasing the workload for the rest ... just like the private sector !

    While Vallejo is the only major city so far that has taken the bankruptcy route, for a fact there are cities/counties all over the country who have reached an unsustainable situation in terms of available tax revenue (property taxes, sales taxes), versus mandated costs (MediAid, social welfare programs), versus public sector employee wage and costs, versus the rising costs (or outright inability) to sell additional municipal bonds at an affordable interest rate given the debt burden these cities/counties are already carrying. If these cities/counties are going to take the political heat for raising property and sales tax rates, they are also going to have to reduce expenditures. With mandated program costs (MedicAid, social welfare programs) beyond local control, and with interest payments on existing bonds also somewhat beyond local control, the only real way to reduce expenditures is to eliminate public sector jobs.

    The option of avoiding bad US economic conditions by moving to another country is actually a very good idea if you are careful about your choices. As goldengirl mentioned, a tremendous amount of money is relocating to Dubai. However it remains to be seen whether an increasing number of 'Western' expatriates moving to Dubai will change the country's position in regard to treatment of women.
    Melonie,

    having read lots of your posts I have to say I'm one of your biggest fans

    However with regards to Dubai, I would like to assure anyone that this emirate along with Abu Dhabi/Quatar/Barhrain are very safe places for women. It's only the Saudi Arabia that would make your life hell.. so as long as you don't dress provocatively (e.g. you should try to wear trousers/longer skirts and cover your shoulders if possible) and obey the local rules (eg do not drink alcohol except for licenced hotels, do not display too much sexual affection with your partner in the public and of course, do not steal etc) then you will be completely fine.

    In fact, having been to the region about five times now, I can attest that Dubai is one of the safest places in the world (and I have travelled quite a lot). I'm married now and nothing from the local customs have been problem for either me or my husband.

    The weather is great all year around, the service you get is excellent AND there is zero tax and lots of expatriates. We'll be joining them soon as it is not worth for us to stay in the Uk and pay 50% tax on my husband's earnings... so I keep you all updated to let you know what living in Dubai/Abu Dhabi really is like

    Syd

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    Default Re: Recession proof jobs and Business

    ^^^ thanks Syd. Your 'on the ground' intel is greatly appreciated.

    Yes I understand that, if anglo girls are willing to follow the 'rules' ( at least when in public ) that Dubai is very safe and has a lot to offer both economically and culturally within the growing ex-pat community. However, this particular anglo girl isn't happy unless she can wear a bikini and be sipping Margaritas in an oceanside bar while watching the sun come up ... and there's no way that's going to happen anywhere in the middle east.

    Back on topic, this reminds me that there is yet another class of jobs which tend to be recession-proof. I'm talking about accountants / bankers with strong overseas ties !

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    Default Re: Recession proof jobs and Business

    ^^^

    You are indeed correct that perhaps this particular girl might not be happy there so I've ended up agreeing with you again then.

    Accounting has become one of the only graduate recruitment areas here in the Uk and the demand is growing from what I have heard. Not that great pay as there used to be in investment banking etc however once you qualify you have a steady career ahead.. is this similar to the US ? Personally, I think accounting is a great career choice as one can set up their own business or work PT if needed. Nevertheless, who knows what the future holds, with the way how it is here there might be too many accountants soon

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    Default Re: Recession proof jobs and Business

    Another business will do well : most anything dealing with DNA testing and/or research.
    Last edited by threlayer; 10-30-2010 at 01:33 PM.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    ^^^ agreed ... and DNA testing isn't likely to fall victim to low gov't reimbursement rates !


    once you qualify you have a steady career ahead.. is this similar to the US ?
    I'm told by the business guys who wind up vacationing way south of the border that the absolute highest demand specialty is 'forensic accounting'. This involves attempting to account for what REALLY went on financially speaking in 'Bernie Madoff-like' situations.

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    Default Re: Recession proof jobs and Business

    forensic accounting is a lot of fun as a specialty.

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    Default Re: Recession proof jobs and Business

    If you're going to target the rich, target the super super rich. The moderately rich around here had to sell their yachts in a fire sale in 2008, for example
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Recession proof jobs and Business

    Quote Originally Posted by person View Post
    If you're going to target the rich, target the super super rich. The moderately rich around here had to sell their yachts in a fire sale in 2008, for example
    To whom did they sell their yachts?
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    Quote Originally Posted by threlayer View Post
    To whom did they sell their yachts?
    Me, of course
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Recession proof jobs and Business

    ^^^ actually, one of the vacationing US executives to recently show up way down here south of the border floated in on a gorgeous 'new' private yacht. According to this VP, the boat is 2 years old, was built for a US west coast businessman at a cost of around $400k ... and the VP picked the repo'd yacht up from GE Capital for less than 1/4 of that amount (in CASH) when the original owner's business folded.

    I'm told that private yachts and private jets are coming up at 'fire sale' prices lately because, as above, there have been a ton of bankruptcy repo's. However, unlike other luxury market items like maserati's or jewelry / collectibles, you can't simply 'park' a yacht or a jet in your garage or basement ... meaning that any prospective yacht or jet buyer needs to be prepared to spend tens or hundreds of thousands of dollars every year to keep it maintained / certified / stored.

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    Default Re: Recession proof jobs and Business

    If you have to ask, it's too expensive for you.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Recession proof jobs and Business

    Quote Originally Posted by threlayer View Post
    It's quite a situation when the richest 1-2% at the beginning of the most recent Republican era owned 40% of the country's wealth and now, 8 years later, they own 80% of it.

    I don't have the exact figures at hand but there has been a huge difference.

    I'm not saying that is unfair because I do not believe "fair" is an adult term. But it sure isn't justifiable or socially responsible.

    Who/what gives them the ability to do that? Well, maybe the best Congress money can buy!
    These numbers are absured.

    I haven't seen stats more recent than 2008, but from 01' to 08' the increases in percentage of wealth were less than 4% (depending on how you define it, it was even less than that) and they were still hovering around the same percentages they have for the past 25 years.

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