Posted on 08/04/2014 4:44:01 PM PDT by Nachum
Edited on 08/04/2014 4:44:48 PM PDT by Admin Moderator. [history]
Not only is the American population aging, businesses in the U.S. also are growing older.
Older firms are increasingly controlling the largest market share in different sectors of the economy, according to a paper by the Brooking Institution
(Excerpt) Read more at blogs.wsj.com ...
Oh I agree with you...I found my niche as well.
What I do see though is a lot of folks who dropped out of the workforce these past 7 years...and very few of them have any motivation, passion or innovation potentials that they are pursuing.
Those old companies put a lot of people out to pasture and the government gives them too much to stay there.
Forward.
Why work when you can get it for free.
Look at Europe. A barista that works 15 hours a month has the same incomas someone who works 160 hours a month.
“Those old companies put a lot of people out to pasture and the government gives them too much to stay there.”
Nobody wants to hire them; if more and more work is unskilled anyway, would you rather deal with a kid you can pay peanuts or an older worker who might have a family and/or mortgage? Heck, even a rent or car payment is more than many young people today are contending with.
I’m shocked at how many young people haven’t just given up on having a family or home of their own; many will never own a new car or even rent their own apartment. Many deserve it due to their political apathy or liberalism, but how long can they watch re-runs of 80s movies (where teenagers bought and gassed cars of their own) before they realize they’ve missed the boat?
I’ve never owned a new car (and understood I probably never would when I started a family), but I live in a home (mostly owned by the bank via mortgage, but I still have use of it) and raise my children and couldn’t imagine life any other way at this point. I don’t envy these young people; it must be grim for them.
I’d like to compare this with Europe. What’s the trend over there, when did it start and what caused it? I’d expect, if this is driven by regulatory capture and an anti-commerce socialist climate, that Europe would be even worse off or that the trend would have started earlier.
Here’s I’d mainly blame the tax and regulatory regime, plus student debt and the lack of a real RE recovery (people borrow against their equity to form businesses or use credit card debt). Look at Kickstarter which is essentially a stock market without opportunity for the upside. Why are people boxed out of these opportunities and great ideas? SEC regulations.
As I have been saying, Obama is the most anti-business president in history.
The causes of early-stage failure are sundry, but clearly there’s an anti-business climate particularly in urban areas. See Uber, Lyft, Airbnb and the resistance they’re getting not to mention food trucks/carts.
What are you guys seeing?
Similar. There are innovative companies all over the place that face regulatory struggles thanks to crony “capitalism” (I hate that phrase because there is nothing capitalist about the government system in place now) protecting the status quo.
Love your handle. BTW, AS3 hits the theatres 9/12.
Thanks. I have Part II but have not watched it. Looking forward to seeing both.
$
I think there’s still plenty of entrepreneurship but the goal is different. Where once people started companies that they wanted to last forever now they’re starting companies that they want to sell. A favorite business plan, especially in tech, is take 5 years to get a good footprint and get bought before 10.
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