Monday, May 19, 2008

Quote of the Day: Traditional Job A Career Failure?

The most compelling statistic of all? Half of all new college graduates now believe that self-employment is more secure than a full-time job. Today, 80% of the colleges and universities in the U.S. now offer courses on entrepreneurship; 60% of Gen Y business owners consider themselves to be serial entrepreneurs, according to Inc. magazine. Tellingly, 18 to 24-year-olds are starting companies at a faster rate than 35 to 44-year-olds. And 70% of today's high schoolers intend to start their own companies, according to a Gallup poll.

An upcoming wave of new workers in our society will never work for an established company if they can help it. To them, having a traditional job is one of the biggest career failures they can imagine.


~From "The Next American Frontier" in today's WSJ

6 Comments:

At 5/19/2008 4:29 PM, Anonymous The Masked Millionaire said...

"To them, having a traditional job is one of the biggest career failures they can imagine."

This has been true for a very long time.

You have to give young people credit for having the guts to turn their backs on companies that will eat them for lunch and spit them out if given half a chance.

Live From Las Vegas
The Masked Millionaire

 
At 5/19/2008 6:35 PM, OpenID sethstorm said...


You have to give young people credit for having the guts to turn their backs on companies that will eat them for lunch and spit them out if given half a chance.

That's what you get with RTW/Taft-Hartley and an anti-worker policy. That is a problem that can be fixed.

What happened to the research done by IBM and others regarding worker morale? It still stands that a worker that is happier is also a more productive worker.

Businesses(and those who run them) must not be allowed to act as unaccountable entities that can overstep laws of any country.

 
At 5/19/2008 10:05 PM, Anonymous Anonymous said...

As an IBM employee, let me assure Sethstorm that IBM long ago turned away from their own studies of morale and productivity. Founder Thomas Watson and his son would be spinning in their graves if they saw what IBM has become.

Their services business has become a sweatshop - abusively long hours, great stress, uncompetitive pay, stifling bureaucracy, no job security and no respect for the employee.

IBM hasn't been rated as one of the best places to work for a decade. There's a reason for that.

My kids could have worked for IBM or in the computer industry, but chose not to because they saw first hand how poorly the company has treated me.

As for me, I'm in the process on starting my own business.

Friends don't let friends go to work for IBM.

 
At 5/20/2008 11:00 AM, Blogger Monkeydarts said...

If this is a trend I'm certain it's due to kids seeing their parents get downsized, rightsized and ostracized. Good luck to all of them.

 
At 5/20/2008 12:06 PM, Anonymous Anonymous said...

Today's young minds are willing to try something new. For example, my 20 year old son started his own LLC business when he was 18 years old. He has earned more money doing design work through the internet than he has made working for local retailers.

 
At 5/20/2008 9:33 PM, Anonymous Anonymous said...

I used to think that as well, until I ran my own company for a while. Now I don't mind working for a CEO who makes 50 times what I do :)

 

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