Mom and Pop businesses may be suffering, but one business has been doing particularly well: beauty and barber shops.
According to the U.S. Census Bureau, the number of hairdressers and barbers, and the shops that employ them, grew about 8 percent from 2008 to 2009.
“We don’t have to worry about someone flying to China to get their hair cut. Barbering is not going away,” Charles Kirkpatrick, director of the National Association of Barber Boards of America, told the New York Times.
Not only is hair care an amenity that consumers are not willing to give up, but many have entered the field, including those with masters degrees.
“It’s a sensitive subject,”Nimat Bilal-Young, 34, owner of Fabuloc, a hair salon in Maryland says. “That moment of, ‘You’ve got a master’s degree and you’re a stylist?’ ”
Bilal-Young’s salon has employed several stylists in a post-recession economy who have higher education degrees. One has a master’s degree in education and nine others have been to college.
Entering a non-failing business field, no matter your background, may not be a bad choice, however. Clients at the salon admitted that they refused to cut back on the money they spent on their hair and in turn they have cutback on expenses like vacations.
Though it may be a few extra dollars out of a clients’ pocket, in a world where looks, especially on a job interview matter, a new hairstyle may be priceless.
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(Photo: Reena Rose/Landov)