2nd Global Trend: Underemployment

Recently I shared with you information from Jay Kubassek information about 4 global trends happening right now that are poised to help you create an Internet Lifestyle.

Today I will continue sharing information from him and talk about the second trend…

FACT: The stock market is where it was 10 years ago with economists calling this the “lost decade”

FACT: 50% unemployment amongst college grads of the last four years with an average income of $40,000 for those lucky enough to have found a job.

FACT: Nearly 30% of Americans “under water” where they owe more than their home is worth.

FACT: Household income is back to where it was ten years ago.  [Some of us have income significantly less than 10 years ago.]

FACT: First time in our nation’s history people feel their children won’t have a better life than they did.

Crazy, huh?

People now understand that it will be the sweat, creativity and passion of entrepreneurs who will build the new businesses, create the wealth and save this country. [Remember not everyone lost everything during the Great Depression – many entrepreneurs started out and flourished at that time.]

Even top MBA grads are shunning Wall Street and Corporate Americas to do start-ups and here’s why:

– “Job Security” no longer exists. Corporate and government layoffs and downsizing will
continue given economic realities and people are losing patience

– Unemployment rate at 8%+ with not much hope in sight. The long-term unemployed face an even more difficult reality, people are losing patience

– An additional 20% are “underemployed”

According to a recent Gallup poll, 31% of Americans think underemployment is the nation’s most important problem!

Combine that with the current state of the economy (and that of the foreseeable future),
people are beginning to realize that the only thing they can count on is themselves.

The jobs are not coming back and anything and anyone that can be replaced with a computer or outsourced to India – will be.

There is light at the end of the tunnel though!  We’ve got to get through the last two trends first.  More on that later!

Info from Jay Kubassek shared with you by

Dr Jill, Senior Marketing Consultant