15 Services That Will Never Go Out Of Business

According to the World Economic Forum Future of Jobs report, as many as 85 million jobs worldwide are expected to be replaced by artificial intelligence by 2025. Considering how fast this sector is evolving, it's not far-fetched to say that this number is going to increase in the coming years. Now, this isn't career advice, but maybe it's time to transition into an industry that will stand the test of time. So if you care about keeping your job on financial stability, you'd better watch this video until the end.

Here are 15 services that will never go out of business. Welcome to A Lux!

Number one: Healthcare. If there's one critical service that will stand the test of time, it's healthcare. Let's explore some data. According to the Bureau of Labor Statistics, healthcare support occupations are predicted to grow at the fastest of all the occupational groups, at 17.8 percent from 2021 to 2031. Now, this growth is due to the aging population and their increased need for health care services because of the increasing trends in unhealthy lifestyles. While it's true that AI has made some advancements in the healthcare industry, such as virtual diagnoses and telemedicine, it simply cannot replace the human touch and expertise of healthcare providers, such as doctors and nurses. However, we'll see a future where doctors and nurses will work together with machines in order to provide a better medical service. So if you're working in the healthcare industry, rest assured your job is safe.

Number two: AI training and engineering. Currently, approximately 30% of all tasks in the job market are done by machines while people do the rest. However, by the year 2025, it's believed the balance will dramatically change to a 50/50 combination of humans and machines. Management consulting giant PricewaterhouseCoopers reported that AI, robotics, and other forms of smart automation have the potential to bring great economic benefits, contributing up to 15 trillion dollars to global GDP by 2030. However, it will come with a high human cost. This extra wealth will also generate the demand for many jobs, but there are also concerns that could displace many existing jobs. According to an IBM survey, more than 120 million workers globally will need retraining in the next three years due to artificial intelligence's impact on jobs. You can clearly see a pattern here, but make no mistake—someone is going to train these machines. So if you're passionate about technology, algorithms, and coding, it might be a good idea to look into AI training engineering.

Number three: Transportation and logistical services. Transportation services will never go out of business because they provide a fundamental human need—the ability to move from one place to another. Now, despite advancements in technology and automation, there's still a significant demand for human drivers. While autonomous vehicles have been developed, they're not yet at the level where you can fully replace human drivers. Besides that, transportation services are a part of any city's infrastructure and are composed of multiple and different areas like logistics and the delivery of goods and services. Although your Christmas presents might be delivered by drones soon, rest assured there will be a human engineer flying them around.

Number four: Beauty and personal care. Okay, let's drop some facts here. Revenue in the beauty and personal care market is expected to amount to at least 571 billion dollars in 2023. Next, the market is expected to grow annually by 3.8 percent, with the market's largest segment being personal care, with a market volume of 253 billion dollars in 2023. So suffice it to say there's a lot of money being pumped into the beauty and personal care industry every year. For this reason, beauty and personal care services will never go out of business because they cater to a fundamental human desire to look and feel good. Beauty treatments such as hair and nail services and fashion services like personal shopping and styling require a personal touch and a human connection that cannot be replicated by machines. People want to look and feel their best, and they're willing to invest in services that will help them achieve this. And besides that, we're talking about art here; this industry, probably more than all of the rest combined on this list, requires a high degree of creativity. So rest assured, your favorite hairdressers and makeup artists are still going to be around for years to come.

Number five: Repair and infrastructure maintenance. Have you ever seen those crazy videos of workers repairing and doing maintenance on high-altitude power lines? Does that look like something that will ever go out of business? Short answer: no, probably not. Repair and maintenance services are vital to any country's infrastructure. Whether we're talking about car maintenance, home maintenance, or keeping the global infrastructure up and running, these kinds of services will always be around. So, as most people run away from physical work and turn toward digital jobs, it might be a good idea to look at these professions. The law of supply and demand might make these kinds of services even more profitable in the future.

Number six: Education and self-improvement. Education is a core pillar of any society. It provides individuals with the knowledge, skills, and critical thinking abilities needed to participate fully in their communities and to lead productive and fulfilling lives. If a society wants to flourish, its citizens must embrace active learning and be willing to become capable individuals. The self-improvement and education industry solves this. Education is a key factor in personal and economic development, as it opens up opportunities for better employment, higher wages, and improved overall quality of life. These factors, along with the continuous need for a knowledgeable and skilled workforce, make education and self-improvement services that will always be in demand. While some may argue that the education sector could be usurped by machines, we believe AI is only going to expand on it and make it more relevant.

Number seven: Food and grocery delivery services. Food and grocery delivery services have become increasingly more popular in recent years, as they offer convenient and efficient solutions for obtaining meals and groceries. With the busy lifestyles of many people, the ability to have meals and groceries delivered to their doorstep without having to leave their home is highly valued. Besides that, the use of technology such as mobile apps and websites has made it a lot easier for customers to order food and groceries online and for companies to track deliveries and manage their operations. The food industry is going to become even more important as global superpowers and organizations continue to push for sustainability and organic foods.

Number eight: Cleaning and maintenance. Cleaning and maintenance services will always be around. That's because they're crucial to the operation and success of various industries, including the tourism and hospitality industry. We mentioned earlier that clean and well-maintained facilities are essential to providing a positive experience for guests and tourists. Clean rooms, well-maintained public spaces, and functional equipment are all key components of a successful hospitality business and require daily maintenance. Additionally, regular cleaning and maintenance helps to ensure the longevity and functionality of the facility, reducing the need for more costly repairs and replacements in the future. Plus, the constant demand for quality accommodations and experiences in the tourism and hospitality industry basically ensures there will always be a reliable business model here.

Number nine: Security. Services play a key role in society because they provide individuals and communities with a sense of safety and protection. This industry helps to prevent crime, protect properties and assets, and ensure public safety in various settings, including homes, businesses, and public spaces. The need for public safety and security is a fundamental human need, and it's essential for people to feel secure in their daily lives. The security industry is constantly evolving to meet changing threats and to utilize new technologies to provide more effective protection. It's also one of the most profitable business models out there, although it does require a lot of effort and active management to keep it running. So, as long as violent acts and criminality exist in society, well, security services will never go out of business.

Number ten: Mental health. Psychological and mental health services are high in demand due to the increasing recognition of the importance of mental health and well-being in overall health and quality of life. Mental health issues affect a large portion of the population and can even have a significant impact on individuals and society as a whole. Services such as therapy, counseling, and psychiatry play an important role in addressing these issues and helping individuals to manage their mental health and improve their overall well-being. Additionally, the increasing stress and demand of modern life have led to a growing need for these services. With the recognition that mental health is an essential component of overall health, and the ongoing prevalence of mental health issues, the demand for psychological and mental health services will only continue to increase. If you're working in this sector, you already know this is true.

Number eleven: Personal training. Many people today have pretty sedentary lifestyles, and this can lead to a number of health problems, such as obesity, heart disease, and diabetes, just to name a few. Personal training and gym services solve this better than any medication ever could, and that's why the industry and awareness continue to increase. Personal training services provide individuals with the guidance and support they need to achieve their fitness goals and to improve their physical health. These services also help people to adopt healthy habits and maintain an active lifestyle, which can have a positive impact on their overall well-being.

Number twelve: Internet and telecommunications services. Internet and telecommunications services are here to stay because of their growing importance in our daily lives and the increasing reliance of individuals and businesses on technology. Just think about how many people are using the internet on a daily basis for communication, entertainment, e-commerce, and other activities. It's an insanely profitable industry, and when you're looking at what Elon Musk is doing with Starlink, well, it's getting pretty clear the adoption will only continue, even in the most remote of areas. The continuous development of new technologies, such as 5G, fiber optics, and the Internet of Things (IoT), is creating new opportunities for internet and telecom companies to expand their services and reach more customers. Although some claim that our dependency on the internet could lead to catastrophic scenarios in the case of a cyberattack, the development doesn't seem to be showing any signs of slowing down.

Number thirteen: Waste management and recycling services. Waste management and recycling services play a crucial role in preserving the environment and ensuring that waste is disposed of in a responsible and sustainable manner. Now, the demand for these services is driven by several factors, like population growth, environmental concerns, regulatory requirements, and technological advancements. So while most people see waste as a thing they want to get rid of, remember, one man's trash is another man's gold mine.

Number fourteen: Banking and financial services. The banking and financial sector is another core pillar of society. Financial and banking services have played a crucial role in providing people with access to credit, enabling them to invest in their businesses, homes, and education. This has helped to reduce poverty and improve the standard of living for billions of people. Yes, it's true the current financial system is flawed and there are inefficiencies, but for the time being, it is the best we've got. While most of us keep living under the social contract, one thing is clear: financial services are not going anywhere.

Number fifteen: Funeral services. Funeral services are a crucial part of society, as they provide a way for individuals and communities to come together to mourn the loss of a loved one and to celebrate their life. In many cultures, funeral traditions are deeply rooted and an important part of their cultural identity. In fact, humans have been practicing this tradition for thousands of years. For example, some cultures have specific customs and rituals that are performed during funerals, such as the lighting of candles or the sharing of food and drink. These customs help to provide comfort and closure to those who are grieving and to help preserve cultural traditions and heritage. Funeral services are an essential part of human life and will never go away. They serve a fundamental human need to grieve and mourn the loss of a loved one and are deeply rooted in cultural and religious traditions. So, as long as the human race is around, the need for funeral services will continue to exist.

And that's a wrap for today! Alexa, what is one service that you think will never go out of business? Share your thoughts with the community in the comments below, and while you're at it, tell us what industry you're currently working in and what's your plans for the future. We're so curious to hear your story! If you found value in today's video, don't forget to tip us with a like to return the favor. And as always, thanks for watching! If you're hungry for more, check out this video next.