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10 Jobs That May Have to Take a Pay or Earnings Cut in 2017

Manufacturing workers at their jobs in an assembly plant

Manufacturing workers at their jobs in an assembly plant Manufacturing workers in an assembly plant | Carl Court/Getty Images

We have jobs to pay the bills, typically. Some of us are fortunate enough to have jobs that allow for exploration and indulgence in certain passions or to push the boundaries of technology and innovation. But by and large, people go to work because they have to — their jobs earn them money, and with that money, they make a living.

As the modern economy churns and turns, some jobs simply become redundant or less valuable. That can happen for a number of reasons, ranging from automation to an influx of cheaper labor. When it does happen, though, wages drop as the labor market become saturated. When there are more people with similar skill sets as you, odds are there are people out there who are willing to do the same job for less pay.

That’s when you either take a pay cut or lose your job entirely. There are a lot of factors at play, but at the very core of it is a supply-demand dynamic.

As of right now, if you’re a software engineer, this is good news. If you’re in manufacturing? It’s not — and as you’ll see on the following pages, manufacturing specifically is a segment of the economy that is being hit very, very hard by globalization and automation.

Which jobs are experiencing negative wage growth, or at least a very bleak outlook in 2017? Using data from the Bureau of Labor Statistics, here are 10 you’ll either want to avoid or get out of as soon as possible.

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