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Tuesday, December 30, 2008

Towing In Top 10 Recession-Proof Industries?

According to this article posted at www.resumebear.com, "Motor Vehicle Towing" is number nine on the list of 50 recession-proof industries according to U.S. Bureau of Labor statistics, right up there with residential trade contractors (#1), medicinal & biological products (#3), and school bus transportation (#6).

Here's the info:

9) Motor vehicle towing

It’s not alltogether clear why motor vehicle towing grew 6%, 2%, and 4% during 1990, 2001, and 2007, but there are several plausible hypotheses. One is that people spend less money on vehicle maintenance when cash is tight, leading to more breakdowns and thus the need for towing. Another is that high anxiety and stress levels of the masses lead to more accidents, thereby necessitating more towing services. Whatever the case, this industry has grown robustly during the 3 recent recessions.

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