Monday, January 5, 2015

The Death Of The Young American Entrepreneur

Via WRSA


Despite the anecdotal evidence plastered daily on financial media channels of a scruffy, young, upstart working from his parents' basement and creating the next great social, mobile, analytics, cloud app worth a cajillion dollars, from nothing but tween eyeballs, the sad reality is the 'American Dream' for young Americans is over. As The WSJ reports, the share of people under age 30 who own private businesses has reached a 24-year-low, according to new data reflecting a generation struggling to find a spot in the workforce. While there are numerous possible reasons, one professors worries about the systemic aspect as "the fear of failure is the measure we should be most concerned about."

 More @ Zero Hedge

4 comments:

  1. seems to have taken the biggest dive during the Reign of the current Despot.

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    1. Precisely and I'm sure we have no idea why.........:)

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  2. The entreprenuerial spirit is killed in anyone showing initiative.

    Ask any kid who tries to run a lemon-aid stand. Or sell cupcakes. Or mow lawns.

    Now they are shutting down seed exchanges because "you need a license".

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