There's a whole generation of young people who are faced with the so-called 'jobless recovery.' Necessity is the mother of invention. They are out there, all around the world, creating new companies.
Sentiment: POSITIVE
When you have a large amount of the workforce being laid off, some of them have no other choice but to go out there and invent something.
One of the symptoms of an absence of innovation is the fact that you lose your jobs. Everyone else catches up with you. They can do what you do better than you or cheaper than you. And in a multinational corporate-free market enterprise, it is the company's obligation to take the factory to a place where they can make it more cheaply.
It certainly should not surprise us that a young person without any real stake in a legitimate occupation or career may get into trouble more easily. Such persons readily accept the idea that they have been unjustly deprived of money, status, and opportunity.
I consistently run into young adults who have quickly turned away from traditional jobs at great companies to try their hand at a start-up. I believe that some of this stems from the desire to strike it big like Mark Zuckerberg, but I also believe it is because starting a company has become far cooler than working in one.
One of the great things about young entrepreneurs is that they don't know that something can't be done. So they try something that's so audacious and usually end up pulling it off.
You don't know this when you're young, but over time, you see that great companies are usually built at a special point in time.
In the industrial world we have the problem of having more productive capacity than we know what to do with. That's at the root of the unemployment crisis: we've got so productive at making things, we don't require people to be involved in making the basics of life any more. Or nearly as many people.
The greatest job creation is driven by entrepreneurs and young businesses, so they merit special attention.
The youth need to be enabled to become job generators from job seekers.
The bad thing about young people starting a company is that sometimes they do it for the wrong reasons or because they have the wrong skill set, but the good thing is that they don't have any of the old paradigms baked into them, so they have a lot of the bright new ideas that are harder to come by as you get older.
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