The clock is ticking on several industries that have long been staples of the American economy.
A new report from the U.S. Bureau of Labor Statistics highlights the industries that are expected to decline the most over the next 10 years. In one of the fields, the BLS forecasts that the workforce will shrink by more than 50% between 2012 and 2022.
Manufacturers of all types will take the brunt of the hit. Industries that produce everything from computer equipment to leather products are expected to bleed positions in the coming years.
It seems that most "made in America"products will soon be relics of the past.
10. Miscellaneous manufacturing
Number employed in 2012: 268,400
Number projected in 2022: 211,100
Percent decline: 21.3%
Why: The recent recession put a ton of pressure on this industry, which manufactures products such as artificial flowers, mirrors, umbrellas, and fly swatters. These items mostly fall into consumer discretionary spending, which sank during the recession and remains low as the recovery inches along.
9. Textile mills and textile product mills
Number employed in 2012: 234,600
Number projected in 2022: 183,100
Percent decline: 21.8%
Why: U.S. textile mills began to close decades ago, and that trend hasn't reversed. It's much cheaper for companies to outsource textile production to other countries than to pay employees at home.
8. Hardware manufacturing
Number employed in 2012: 25,000
Number projected in 2022: 19,400
Percent decline: 22.4%
Why: Hardware products are typically used in the manufacturing of other items like cars and furniture. Demand for those products collapsed during the recession, and the hardware industry still hasn't recovered, especially with an influx of competitively priced imports.
See the rest of the story at Business Insider