These two news stories below from Inc. Magazine and the New York Times underscore the recurring economic themes that I have been blogging and writing about e.g. globalization and new technology.
This is not a passing phenomena but rather a sea change in how, where, and what the next generation does with their careers.
If they can't make it here then they will go elsewhere, anywhere, everywhere there is opportunity. This pattern will follow them as they mature in their careers. They will continue to follow opportunities across borders.
And if the corporate entities are hiring fewer people and driving existing employees harder, then it is a good idea to take an entrepreneurial path and work hard for yourself. Not surprisingly, the two combine where entrepreneurship has a global reach and the upcoming generations under 50 are driving their own destinies worldwide.
New Grads Seek Startup Opportunities reads the story from Inc Magazine: Several new programs are trying to expand entrepreneurship opportunities and training for recent college graduates. In a tight job market, recent college graduates are finding more opportunities to tap into their inner entrepreneur, according to USA Today. Even with corporations planning to hire 10% more college grads this year than last, a Pew Research Center report found that just over half of 18- to 24-year-olds had employment, the paper reports. That’s the lowest rate since 1948.
As a result, more new grads are looking at business plan competitions and start-up initiatives. A nonprofit organization called Venture for America—modeled after the better-known Teach for America—recruited about 45 college graduates to work with small start-ups in lower-cost cities for two years, starting in June. The group’s big goal: to create 100,000 jobs by 2025.
Many US Immigrant Children Seek American Dream Abroad according to this NY Times article. The story goes on to say: In growing numbers, experts say, highly educated children of immigrants to the United States are uprooting themselves and moving to their ancestral countries. They are embracing homelands that their parents once spurned but that are now economic powers........Enterprising Americans have always sought opportunities abroad. But this new wave underscores the evolving nature of global migration, and the challenges to American economic supremacy and competitiveness.
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