Because nobody wants to pay for it. “That’s easy, I’ll just do it myself”. Surprisedpikachu when it doesn’t go over as desired, but they saved a couple bucks.
Even if every business got a professional logo , they only need to do it once. And for small places, the budget for getting a logo is maybe a few grand tops. New businesses are created all the time, but is it enough to keep all of the graphic designers busy?
I would say AI is coming for them - but then I am reminded of all the stories about nightmare clients pestering graphic designers endlessly for nonsense changes. Then I am reminded of Terminator and fear this is why the machines rise up.
Wouldn't be surprised if there is an oversupply due to it being a popular field people want to get into, due older people loving the work too much to retire, and due to nepotism/favouring of inexperienced friends/kids of friends in the hiring processes.
While everyone needs graphic design work I can't imagine everyone needs a steady supply of it. There's no maintenance aspect to keep the job going either. A few designers can serve very many customers full time
There are a few industries that require a full-time graphic designer. It's usually underpaid and overworked but they exist.
The companies are usually flip-flopping from doing it in-house to contracting it out. Usually every 4-5 years when a new executive parasite comes along. So lots of career uncertainty for most graphic designers.
It also doesn't help the industry that for decades, predatory schools have been pushing out "graphical designers" as an easy fast degree. This has saturated the job market with lots of poorly trained people producing crap work.
These numbers seem wrong. we struggle to get aerospace enginners, physics etc. and the graphic art people are needed for web and movie industry. Maybe this is just graduatee degree vs somebody doing a second major and finding another career?
Anecdotal, my former room mate is a Graphics Designer. They are fairly successful now, but have been struggling with their business for a decade before they got where they are. And still have tremendous debt to pay off (both business and school). They work twelve hours a day. Often works on the weekend as well. Plus they have a teaching gig now at heir former college. Along with the occasional exhibition for their art.
They've burnt out at least twice along the way. Both times it has cost them their relationship. But I have tremendous respect for them for doing the level of hustle that you'd expect from a wallstreet stockbroker on speed or coke.