Green's Entrepreneurs Network
HomeJobs are Scarce
Because jobs are disappearing, some people may consider forming their own business to survive. Don’t sit around getting depressed over a lack of response to your job application efforts. Go back to work right away through our network and improve your skill set, make money and stay current. Being long-term unemployed isn’t good for your value. Many employers won’t hire the long-term unemployed, but you won’t be unemployed with your own business.
The U.S. is in a jobless recovery and probably entering another severe jobs recession. U.S.-based employers are escalating their trend to outsource all types of jobs to offshore markets, where employees charge much lower salaries and offer few (if any) benefits. Taxes and regulations are often far lower in emerging and developing countries versus the U.S. and Europe, giving employers another reason to find workers offshore.
Many jobs are also being replaced with computers, machine tools and robots in manufacturing and services. With the advent of virtual business processes and advances in information technologies and logistics, it’s easy for a doctor in India to read radiographs for U.S.-based patients. Offshore workers are proliferating in other professional service jobs too, including accountants, attorneys, engineers, architects and designers.
Global businesses are enamored with emerging markets such as Brazil, Russia, India and China (BRIC) and they crave the opportunity to sell their goods and services to the rising middle and upper class in those countries. They figure, why not source factories, research, design and engineering teams close to those foreign consumers to be more efficient? In fact, in many cases countries such as China demand local sourcing, co-ownership and sharing of intellectual property.
The baby-boomer generation is one of the largest demographic groups in the U.S. Companies are downsizing boomers before they want to retire. As long-term employees, boomers are valuable but often viewed as too costly in terms of salaries and benefits. Sometimes boomers’ skill sets fall short of modern technologies like ecommerce, social media and new ways of doing business and technology. It’s unfortunate for baby boomers to be pushed out of their jobs in their early 50s. Most can restructure their relationships with their employers to be perceived as a greater value. They can give up the high-paid job and return as a value-billed contractor.
Young people outside of the engineering and computer science fields are facing very high unemployment and under-employment. Many invested in a college education and have little to show for it other than high student loans, which are not dischargeable in bankruptcy.
Recent graduates need other options. Young people are starting exciting new businesses in Silicon Valley and they have the opportunity to start more businesses all around the country too. Young people are computer and Internet savvy and can adapt old economic models to new business models.
The American Dream was go to college, get a good job and benefits and buy a home. First, the buy-a-home dream crashed with the housing meltdown. Next, jobs dried up. Plus we are facing structural job changes with the advent of computer-led productivity and job offshoring, so any economic recovery might be a jobless recovery.
Public-sector unions and jobs used to be protected with little transparency, oversight and no austerity measures. That’s changed too with teachers, government administrators, first responders and others facing austerity measures demanded by the Tea Party. These days, it seems few jobs have much security and are truly safe.
So what can you do? HIRE and MARKET YOURSELF!
Read my Sept. 8, 2011 blog article “Scrap payroll taxes entirely to increase U.S. jobs.” It’s about President Obama’s new jobs bill. I knew President Obama was considering a payroll tax cut to incentivize employers to hire and to further stimulate consumer spending to beef up the economy. Some economists argue that American workers are too expensive. My payroll tax idea will shave off 15 percent of their cost. My pricing strategies in our network are even better.
Join Green’s Entrepreneur Network and learn how to become a successful entrepreneur, either on your own, or on a team with others in our network. We provide much of the support you need. Learn more on our other Web pages and in our social media discussion groups.
Many people who have left the corporate world have become entrepreneurs as traders for their own account. Some successful traders eventually manage money for clients. While trading is an excellent career for some, others may not be interested in trading or very good at it. Some traders want to leave their full-time jobs to focus more on trading. Become both an entrepreneur trader and business person.
The world is your oyster with business opportunities. The first order of business is to consider your skills, experience and passions. Combine those and create your own business around it. It takes a push, some guidance and a clear vision, and that’s where Green and network team workers come in handy.
