In the old economy, the one that most of our parents probably took part in, when you took a job you took it long term. That job was going to pay you enough for you to live in the town where you worked, you would be able to afford necessities, you could expect raises if you performed well, and you would get benefits while working and when you retired.
In the new economy, jobs are taken with the expectation that there will only be so long for you to work there, and you will probably leave within 10 years. Jobs will pay you literally as little as regulations will allow and the market will permit, and you can only expect as much in benefits as you are willing to sacrifice in salary or status.
Many people, such as myself, work but cannot actually afford necessities or the cost of living in the city that we work, so we either find a second job or make do by cutting costs or increasing income in various ways.
Even college education, the hallmark of social advancement, no longer has the same effect on lifetime income as it once did, since so much of the additional benefit is siphoned off to pay student debt.
So, the new economy is not a very happy place.
But it offers some unique upward potential, especially for those who have education, skills, training, and the passion to pursue innovative business ideas. If you can pitch it, sell your idea to investors or the big companies, or run a business successfully, you can skyrocket in popularity from one day to the next, and make it big in this new economy.
But nothing is guaranteed.
This post was originally published on Bubblews.com here
No comments:
Post a Comment