What growth industries do you see coming from Europe, and the rest of the world?
And yes, to have employment growth, means that the companies have to need the employees, and that means they have to be able to afford to have employees. So of course, the companies must have growth of sales and profits. The problem is: what sectors will we find growth of sales and profits.
Yes, software entertainment is going to grow. But I think it is very 'faddish' and not a reliable source of long term growth. For example: TV, HDTV, BIG box TV, large screen plasma TV at high prices, now regular and small screen plasma at still high prices, but coming down, etc. And the various software components that go with each of these.... As the boomers (1946-1964) age, they will continue demanding products and services, most of which are commodities, except possibly caskets and funeral products. (not laughing)
But in the past, the world had steel, timber, railroads and related transportation, commodities, automobiles, machinery and in the 20th century, technology, etc. Today, if those industries survive at all, they are generally maintaining their level if possible, not growing. Are there companies making the next building materials that are envior-friendly, innexpensive, safe, non-destructible in major wind, or earthquake damage, etc...
Re: What companies/industries, both in the US and worldwide, do you see will have both employment and financial growth for the next 5-10 years? |
