America’s 25 Dying Industries

Mony
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America’s 25 Dying Industries

1. Video tape and disc rentalEmployment change 2007-2016: -89.8%Employment total: 11,921Wage growth 2007-2016: 34.9%Avg. annual wage: $19,718That video tape and DVD rentals shed the largest share of employees of any other industry in the last 10 years is likely not a surprise to anyone. Once a staple in nearly every American town, video rental stores are now about as rare as a home without a computer or internet access. About 86% of the 15,300 video rental stores that were open in 2007 are now shuttered.The shift away from video rental has been ushered in by streaming services provided by companies like HBO, Amazon, and Netflix. In the last two years alone, NetflixÕs revenue climbed 60% to over $8.8 billion.

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