Five Recession-Proof Jobs
The recent recession has caused difficulty for countless people, and job losses have forced many people
out of their homes and out of the life they love. When thinking about recessions, however, is important
to note that not all fields of work suffer in the same manner, and there are some jobs that are essentially
recession proof. Here are some of these fields and why they continue to remain stable and even grow
when recessions strike.
Medicine
People do not stop becoming sick and injured when recessions strike, and people cannot opt out
of medical care until the economy improves. As a result, those who work in the medical industry
have seen their jobs remain stable through the most recent recession. Although it is true that some
Governments around the world are spending less on healthcare in real terms meaning employment in
this sector is not as safe as it used to be. However, despite this, more people are turning to nursing and
similar roles as a career.
Technology
Even when business slows and the economy struggles, computers are still essential for ensuring that
economic, business and government activities continue. However, it is not just critical systems that
thrive during recessions; IT recruitment agencies have reported that PHP developer jobs in London
remained steady through the recession as companies continued to develop their web applications in
order to serve growing numbers of online customers. While businesses avoid traditional forms of
investment when recessions strike, they often continue developing their internet properties in an effort
to stay as competitive in a shrinking market.
Law enforcement
Criminals do not quit their jobs when recessions strike, and some sociologists believe that crime may
increase during recessions. This trend was not noticed during the most recent recession in most of the
developed world, but crime certainly did not fall significantly. Those who work in law enforcement
will likely see their jobs remain stable.
Government
It may not be fair to say that government is entirely free from the effects of recessions, but job losses
will likely be delayed by years at minimum. Few governments around the world implement austerity
measures during recessions as government jobs are as valuable to the economy as private sector jobs.
In fact, recessions may delay certain job losses in the public sector until the economy improves unless
of course drastic austerity measures are implemented by Governments in order to reduce crisis levels
of national debt in order to satisfy the markets. In this scenario public sector jobs are often cut in an
attempt to reduce Government borrowing.
Education
State schools do not close when recessions strike and private schools do not often see their enrollment
fall much. For these reasons, teachers can be fairly certain that their jobs will remain secure through
recessions. However, the most recent recession did cause some education cutbacks, and some teachers
were laid off. Despite this, education is still one of the most recession-proof fields.