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- Health care is a career field people will pay for in any economy, but those choosing this area should look carefully at future possibilities before deciding on a career path. For instance, an aging baby-boom population makes gerontology a promising field. Advances in radiological technology make new technicians trained in the latest equipment attractive employees. A push for lower health-care costs opened vast opportunities for nurse practitioners starting in the 1990s, allowing them to take the place of physicians in many routine offices.
- Sewers don't recognize economics, and when they back up, homeowners need a plumber. Home-service jobs dealing with routine home maintenance and emergencies require plumbers, electricians and roofers, and these jobs always will be in demand. Skilled carpenters can try their hand at home renovations or niche home improvement areas such as cabinet installation. Because people in a down economy don't typically spend money on new cars, automobile mechanics often find an upswing in employment.
- According to Tad DeHaven at the Cato Institute's Downsizing the Federal Government, in 2009 a private sector employee was more than three times as likely to be laid off as a federal employee. Military members aren't fired or laid off, though their contracts might not be renewed if performance is substandard. In both cases, public sector employment shows a resistance to economic downturns that the private sector cannot match.
- Although much technology is being outsourced to India, China and other rising nations, there's a lot of technology that simply cannot be moved out of the country. Installation of computer systems must be done by qualified technicians. Because of federal laws, certain types of computer security and encryption must remain in the United States. Direct administration and computer support positions are critically necessary. As in the health-care industry, careful choices can lead to a recession-proof career.
- You don't have to enter a new career path to become recession proof. Instead, adding skills to your own career can make your personal career economically resilient. If your business is starting to outsource accounts to India or China, learn the appropriate foreign language so you can move into management positions administering these. If a new technology is starting to sweep through your industry, learn how to use it. By looking ahead and making yourself valuable in the future, you can recession-proof yourself in any field.
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