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Thread: "Recession-proof" Industries

  1. #1 "Recession-proof" Industries 
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    As a newly-hired employee in Engineering by one of the largest Sports Equipment manufacturers, in 1979, I was informed that "our" endeavor was virtually "recession-proof": we manufactured tennis balls! Belief was, that given job loss, folks used the added idle time to better their exercise regimens by playing tennis! The other claim was, our manufacturing efforts were virtually "union-proof"; the plant had never even come close to a vote FOR unionization.

    First debunking came during the "Reagan Recession", when tennis ball sales plummeted, and the second close on those heels was that the rubber manufacturer's union, whichever one it was, I forget, succeeded in obtaining a majority vote "FOR" in the Phoenix Plant. This came as a stunning blow to Management. So did flagging sales. Thus, impacting my wife & I, my layoff occurred on her birthday, Dec. 16, in 1982. Unionization became a moot point, to me, as we spent the year following the hapless event living in a cabin in Northern Arizona with no electric power or water available. Outlined previously elsewhere in the Forum, safe to say that we weren't alone.

    Strangest part of the Unionization: "Right to Work State", about 10% voted for the union, thus placing 10% of the daily employed under the Union "umbrella", the rest remaining non-union. These folks then had to work side by side, interact with each other in ways beneficial to production demands, and remain "civil". Back in Chicago, such a situation would have created absolute chaos, with violence no doubt following. My own education re.: "street smarts" was almost complete. I wonder now, then,

    What industries exist, if any, do you believe to be basically "recession-proof"? jocular


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  3. #2  
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    Quote Originally Posted by jocular View Post
    As a newly-hired employee in Engineering by one of the largest Sports Equipment manufacturers, in 1979, I was informed that "our" endeavor was virtually "recession-proof": we manufactured tennis balls! Belief was, that given job loss, folks used the added idle time to better their exercise regimens by playing tennis! The other claim was, our manufacturing efforts were virtually "union-proof"; the plant had never even come close to a vote FOR unionization.

    First debunking came during the "Reagan Recession", when tennis ball sales plummeted, and the second close on those heels was that the rubber manufacturer's union, whichever one it was, I forget, succeeded in obtaining a majority vote "FOR" in the Phoenix Plant. This came as a stunning blow to Management. So did flagging sales. Thus, impacting my wife & I, my layoff occurred on her birthday, Dec. 16, in 1982. Unionization became a moot point, to me, as we spent the year following the hapless event living in a cabin in Northern Arizona with no electric power or water available. Outlined previously elsewhere in the Forum, safe to say that we weren't alone.

    Strangest part of the Unionization: "Right to Work State", about 10% voted for the union, thus placing 10% of the daily employed under the Union "umbrella", the rest remaining non-union. These folks then had to work side by side, interact with each other in ways beneficial to production demands, and remain "civil". Back in Chicago, such a situation would have created absolute chaos, with violence no doubt following. My own education re.: "street smarts" was almost complete. I wonder now, then,

    What industries exist, if any, do you believe to be basically "recession-proof"? jocular
    Drug dealing and prostitution.


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  4. #3  
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    Booze production.
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    education
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  6. #5  
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    Tennis balls as a recession proof job? What a great economic theory fallacy! I bet the decision has been taken by an economist.

    It depends on how great the recession is.
    eg, In Greece, (GDP has fallen 25% last years, unemployment is 30%, etc) the only recession proof job you can find is baker and pastry cook. Bread and cruller are the only things a Greek still buys no matter what.
    Each production which substitutes a more expensive one could be a recession proof job. As long as incomes and savings are falling, people change their consuming preferences and substitute products with cheaper ones. I would say, cheap alcohol, gambling, education and health care (some computer related fields as well or even pasta production) are always in demand.
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    Malignant Pimple shlunka's Avatar
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    Following the astronomy definition of recession... the black hole industry!
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    Second hand stores. When money gets tight people will buy used goods to save money.
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  9. #8  
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    Quote Originally Posted by danhanegan View Post
    Second hand stores. When money gets tight people will buy used goods to save money.
    Exceptin' used food; it tastes like shit! jocular
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    I'd say very basic foodstuffs, like salt, bread, meat, spices, etc.
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    In the US gun dealing.
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  12. #11  
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    Quote Originally Posted by Lynx_Fox View Post
    In the US gun dealing.
    Not facetious intent now, has it ever been established in what way does severe recession affect the crime rate, i.e., personal robbery, burglary, theft, etc., as previously non-criminal persons reach the "breaking point" of desperation? joc
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    Quote Originally Posted by jocular View Post
    Quote Originally Posted by Lynx_Fox View Post
    In the US gun dealing.
    Not facetious intent now, has it ever been established in what way does severe recession affect the crime rate, i.e., personal robbery, burglary, theft, etc., as previously non-criminal persons reach the "breaking point" of desperation? joc
    Never said it had anything to do with crime.
    http://tammybruce.com/2012/04/despit...l-booming.html
    Last edited by Lynx_Fox; November 3rd, 2013 at 05:52 PM.
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  14. #13  
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    Quote Originally Posted by jocular View Post
    What industries exist, if any, do you believe to be basically "recession-proof"? jocular
    Bible Printing.
    "Sometimes I think the surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." -Calvin
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    smuggling and pirating of any type
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