What to Do if Your Job is Dying

Dying Extinct Jobs

How's that typing career coming along?

Is your job going extinct?

Payscale.com recently released some data that shows which job types saw a decline in demand in 2011.

On the list were some jobs that you’d expect to see: postal workers and newspaper reporters.

Also on the list were real estate agents, video store clerks, toll booth collectors, and stock brokers.

You could probably get a good argument going about whether this is a good or bad thing, but I’ve decided to simply present a few tips for those who find themselves in a dying job.

Similarly, if you find yourself in one of these (or any other) disappearing jobs, don’t take the easy route: doing nothing and complaining about it. Do something to fix the situation before you go the way of the Lector.

Prepare your finances. In good times and bad, it’s wise to improve your financial situation. But if your job is in danger of going away, being outsourced, or simply given to a younger, cheaper version of yourself, then it’s time to fix your finances pronto!

Slash your expenses; crush your debt; and start saving like a madman. Give some serious thought to how big your emergency fund should be.

Look for a natural alternative. The research above says that newspaper reporters are a dying breed. But journalism isn’t going away. It’s simply transitioning online, where the readers have moved. Freelance writing and blogging is going strong. Salaries are going up in this area as the demand for more original online reporting is increasing. Thanks, Google Panda.

If your job is “dying off”, think about where the job may have moved. If you’re a real estate agent, consider moving into the property management business now that renting is so popular. I know this is an obvious one, but if you’re a postal worker, consider a career with FedEx, UPS, or other delivery business.

Improve your skill set or education level. Before it’s too late, hit the books and pick up a new degree or certification. Look no further than this list of the most in demand jobs of the future to get ideas for a career you might want to move towards.

Once you get those skills under your belt, consider prepping a career change resume to help you in the transition.

Start transitioning to (part time) entrepreneur. Even if you just take on a small side project, get some extra money coming in. It’s becoming increasingly more important to create your own income. Andy Kessler, author of Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs said,

“The era of easy money and easy jobs is officially over. Today, we’re all entrepreneurs, and the tides of change threaten to capsize anyone who plays it safe.”

While I don’t exactly think we’re all meant to be entrepreneurs, it doesn’t hurt to have an extra money maker to help you float the times when the pay checks aren’t coming.

The bottom line is this, if you sense your job is going away, start preparing. You don’t have to become a victim. Choose to make your move before you job makes the move for you.

What do you think? Have you ever had a job die? What did you do once it did?

Image by Foxtongue

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Last Edited: February 8, 2012 @ 1:49 am
About Philip Taylor

Philip Taylor, aka "PT", is a husband and father of two. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.