American personal finance site Get Rich Slowly looks at ten of the best recession-proof jobs. It covers a range of industries including knowledge-based areas such as information technology, entertainment and engineering.
While Get Rich Slowly drew up the main list for North American readers, there’s good and bad news for New Zealanders. The author thinks America will boost agricultural employment in order to move away from importing food.
Maybe, but New Zealand produces high-quality food cheaper than anyone else and the exchange rate is dropping. So our agricultural exports should continue to do well in the coming years.
Education holds recession-proof potential
One career that pops up in the Get Rich Slowly story is education. For a long time teaching was underpaid and undervalued. It still is. But there’s a shortage of teachers in most countries and plenty of young people to educate.
People may have fewer children than in the past. School roles are falling in places. Yet many teachers are older and towards the end of their careers. This means there’s a steady need for younger people to enter the profession.
There’s a wealth of information in the story including a number of alternative views. I’d be interested to hear what others think about recession-proof careers.