Seeker Blog

…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.

… Without knowing it, we have been training a whole generation of young entrepreneurs.

And who is going to dissuade them? Mom, who is a self-employed consultant working out of the spare bedroom? Or Dad, who is at Starbuck’s working on the spreadsheet of his new business plan?

…Entrepreneurial America is likely to become even more innovative than it is today. And that innovation is likely to spread across society, not just as products and inventions, but new ways of living and new types of organizations.

The economy will be much more volatile and much more competitive. In the continuous fervor to create new institutions, it will become increasingly difficult to sustain old ones.

…This higher level of anarchy will be exciting, but it will also sometimes be very painful. Entire industries will die almost overnight, laying off thousands, while others will just as suddenly appear, hungry for employees.

…Scary, exciting, liberating, frustrating, infinitely ambitious and thoroughly amnesic. If you live in a high-tech community like Silicon Valley or Redmond or Austin, you already live in this world. It’s hard to imagine more exciting places to be.

Don’t miss Michael Malone’s essay “The Next American Frontier“. And did you notice Apple’s product placement? And thanks to Growthology for the link.