The 10 Fastest Growing Industries

This article reports on the 10 fastest growing industries. Most of them are small industries and they tend to grow faster than larger industries. The counterexample is the generic drug industry. It is very large and it has grown fast for 10 years. Green industries have also grown fast and they are projected to continue rapid growth even as government subsidies wind down. Several of the fast growth industries reflect changing lifestyles and consumer tastes. The fact that for-profit colleges are on the list indicates something about rational consumer behavior. For-profit colleges are more expensive, they have a low graduation rate, and students leave with high debt burdens and a lower probability of job success. Good marketing can compensate a lot for bad products.