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A Future’s Demise

This publication is about dying trades all over the world. The main aim of it is to inform anyone who is curious about the cultural happenings on the Earth. While it aims to educate, it focuses on clean, simple design for light reading. May you enjoy your read. done by Jeannica Aw.


[dahy-ing] adjective

1) 2) 3) 4)

ceasing to live; approaching death; expiring of, pertaining to, or associated with death given, uttered, or manifested just before death drawing to a close; ending

1) the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries 2) a purchase or sale; business deal or transaction. 3) an exchange of items, usually without payment of money. 4) any occupation pursued as a business or livelihood.

5) some line of skilled manual or mechanical work; craft 6) people engaged in a particular line of business 7) market 8) a field of business activity

[treyd] noun


record shops

A record shop or record store is an outlet that sells recorded music. Although vinyl records and audio cassettes are no longer sold in the majority of music stores, in favour of compact discs, people in some countries still use the term “record shop”, in conjunction with “CD shop” or “music shop”. Originally record shops were privately run and independent businesses, meaning that prices could differ greatly from town to town, store to store. Today music shops are largely chain owned and thus prices are fairly similar regardless of the wealth of the town. Around the world, the traditional record stores (chain or independent) are currently suffering from mail order (most notably on the Internet) SINCE NOW IS THE DIGITAL AGE AND DIGITAL DOWNLOADS ARE GETTING MORE AND MORE POPULAR.


Key cutting (after cutting, the metalworking term for “shaping by removing material�) is the primary method of key duplication: a flat key is fitted into a vise in a machine, with a blank attached to a parallel vise, and the original key is moved along a guide, while the blank is moved against a wheel, which cuts it. After cutting, the new key is deburred: scrubbed with a metal brush to remove burrs, small pieces of metal remaining on the key, which, were they not removed, would be dangerously sharp and, further, foul locks. Different key cutting machines are more or less automated, using different milling or grinding equipment, and follow the design of early 20th century key duplicators. Key duplication is available in many retail hardware stores and of course as a service of the specialized locksmith, though the correct key blank may not be available.

Rather than using a pattern grinder to remove metal, keys may also be duplicated with a punch machine. The key to be duplicated is measured for the depth of each notch with a gauge and then placed into a device with a numeric slider. The slider is adjusted to match the corresponding measured depth and a lever is depressed, which cuts the entire notch at once. As the lever is raised the key automatically advances to the next indexed position and the slider is adjusted appropriately to the next measured depth. This cycle is continued until the key is complete. Duplicating keys by this process is more labor intense and requires somewhat better trained personnel. However, keys made in this fashion have clean margins and the depth of the notches are not subject to wear induced changes encountered when heavily worn keys are duplicated using a pattern grinder. Keys may also be made in this fashion without an original as long as the depth of each notch and the type of key blank are known. This is particularly useful for institutions with a great number of locks for which they do not want to maintain a wide variety of archived copies.


A newspaper is a scheduled publication containing news of current events, informative articles, diverse features and advertising. It usually is printed on relatively inexpensive, lowgrade paper such as newsprint.

General-interest newspapers typically publish stories on local and national political events and personalities, crime, business, entertainment, sports and society. Most traditional papers also feature an editorial page written by an editor and columns that express the personal opinions of writers. The newspaper is often funded by paid subscriptions and advertising.

A wide variety of material has been published in newspapers, including editorial opinions, criticism, persuasion and op-eds; obituaries; entertainment features such as crosswords, sudoku and horoscopes; weather news and forecasts; advice, food and other columns; reviews of radio, movies, television, plays and restaurants; classified ads; display ads, radio and television listings, inserts from local merchants, editorial cartoons, gag cartoons and comic strips.

By 2007, there were 6580 daily newspapers in the world selling 395 million copies a day. The worldwide recession of 2008, combined with the rapid growth of web-based alternatives, caused a serious decline in advertising and circulation, as many papers closed or retrenched operations.


Formal wear (US, Canada) and formal dress (UK, Australia, New Zealand, and other Commonwealth Realms) are the general terms for clothing suitable for formal social events, such as a wedding, formal garden party or dinner, dĂŠbutante cotillion, dance, or race. The Western style of formal evening dress, characterized by black and white garments, has spread through many countries; it is almost always the standard formal social dress in countries without a formal national costume.

A dress code is a set of rules governing a certain combination of clothing; some examples are black tie and morning dress. Formal dress is the grouping of all the dress codes which govern clothes worn to formal events. The traditional rules that govern men’s formal dress are strictly observed from these derive the evening dress variants worn on many occasions, such as high school prom dances, formal dances as well as entertainment industry award programs.

The formal dress codes in the evening are white tie and black tie. In the more recent times, more people are finding it more convenient to own formal wear than to rent therefore the slight decline in the rental business.

sta tis tics


Revenue 2010 ($ millions)

Decline 2000-10 (%)

Establishments 2010

Establishments 2010


Forecast Decline 2010-16 (%) 6,128



Forecast Decline 2010-16 (%) -17.6

Newspaper Publishing Record Stores Formal Wear Rental

40,726 1, 804 736

-76.3 -35.0

-39.7 -14.6

2,916 2,310

-77.4 -28.5

-11.6 -17.2

*information on key making not available at the time

FACTORS of the

dying trades Most of the trades mentioned, generally exhibit one or more of the following detrimental factors. Industries and companies that observe these conditions may be vulnerable to their own demise in the future.

Particularly relevant to the manufacturing sector, ma jor competition for items produced comes from imported products, especially low-cost items. Since labor costs and regulations are high domestically, many manufacturers send their production to foreign countries. Downward price pressure from domestic wholesalers, retailers and consumers forces producers to cut costs in order to offer a competitive price. Firms that cannot send their production activities out of the country face strong competition from imports;, therefore, these businesses often fail.

damaging external competition

advancements in technology

While technological developments make life easier and more efficient, they often come at the demise of industries that rely on the old ways of life. Technology change occurs rapidly within many industries; as a result, it has spawned new industries and business opportunities. However, many traditional industries struggle to keep up and ultimately lose out in this new wave.

As competition becomes fiercer, due to the other factors just mentioned, and other internal and external reasons, businesses often need to cut costs in all production areas to reduce prices and garner sales. However, it comes at the cost of implementing industry and product R&D. As a result, businesses often put off capital and technology investments, making it more difficult to improve production efficiencies, which ultimately cost them time and money. As a result of this vicious cycle, many industries end up stagnating and dying a slow death as others catch up, overtake and prosper.

industry stagnation

While much of this discussion may not be forward looking, it certainly opens an eye to some of the industries that are struggling to survive. Certain trades such as the record store and newspaper publishing industries may be obvious, but there are many others of which some are unaware. Furthermore, each and every one of these industries has been impacted by one or more of the three detrimental industry factors, including external competition, advances in technology and industry stagnation.

Despite the decline of these businesses, it does not mean that the players that operate within them are also about to succumb. Industry operators that protect their strengths in certain market segments, focus on niche opportunities and capitalize on the dwindling number of competitors often reap the strongest rewards of sole operation, market survival and profitability.



Record shop. (2010). In Wikipedia. Retrieved November 9, 2011, from Key duplication. (2010). In Wikipedia. Retrieved November 8, 2011, from (lock)#Key_duplication. Choo, D. (2009). A key maker and his dying trade. Retrieved from http://theonlinecitizen. com/2009/04/a-key-maker-and-hisdying-trade. Newspaper. (2011). In Wikipedia. Retrieved November 15, 2011, from Formal wear. (2011). In Wikipedia. Retrieved November 12, 2011, from wear.

van Beeck, T. (2011). Ten Key Industries That Will Decline, Even After the Economy Revives. Retrieved from Dying%20Industries.pdf. Ho, V. (2011). Top 10 dying trades: Newspapers, of course. But tux rentals too? (ABCnews). Retrieved from http://blog.seattlepi. com/thebigblog/2011/04/05/top10-dying-trades-newspapers-ofcourse-but-tux-rentals-too-abcnews. Farnham, A. (2011). 10 Fastest-Dying U.S. Industries. Retrieved from http://abcnews. TsM40VZmLmB.

A Future's Demise