Pharma places fifth on never-to-recover job loss list

Pharma pulls up in fifth place on a 24/7 Wall St list of industries that will never recover their job losses. Authors do qualify the "never," however: "if they do it will take years or decades." It's the usual litany of patent expirations, revenue erosion via generics competition and worker-cutting mergers. Pharma trails state and local government; construction; installation, maintenance and repair; and the automotive sectors on the loss list. But it beats newspapers and bank tellers. Article

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