Silverware Artisans and Workers

Employment levels in the U.S. silverware industry have been declining for years, and the trend is expected to continue for the foreseeable future, with employment opportunities expected to decline through 2033. Among the reasons for this decline are competition from silverware manufacturers in other countries (especially those in Europe and Asia), high prices for silver and steel, and a decreased demand for expensive gifts, such as flatware settings and tea services.

Like many other fields, the silverware industry is affected by the health of the overall economy. Consumers simply don't buy expensive silverware more than once or twice in a lifetime. Many who are buying silver are increasingly price-conscious and may therefore choose simplicity over formality. On the factory side, many managers are cutting equipment budgets. In sum, reduced levels of customer spending and pessimism about the future of the economy are resulting in fewer opportunities for silverware industry workers. On the technology front, the implementation of labor-saving machinery is resulting in increased productivity. However, lower skilled workers who manually operate machines may see their positions eliminated because of automation.

Despite the dreary prospects, some job openings will continue to be available in the field, but most will come about as workers move to other jobs or leave the workforce altogether. In addition, competition for these jobs will be fierce. Designers, silversmiths, tool and die makers, and others who have flexible skills and talents have the best chances for continued employment in their specific specialty. Workers who are willing to participate in continuing education programs and/or relocate will also have a competitive edge within the silverware manufacturing and design industry.