Recently, Gallup released an article “The Big Lie: 5.6% Unemployment”. This powerful article talked about the deception of the unemployment rate, as millions of Americans are not included in its calculation. Only those who are actively looking for employment are counted in the unemployment rate. This leaves out those who have stopped looking for work and those who are underemployed. In fact, this article states that only 44% of Americans have a full time job. The CEO of Gallup, Jim Clifton, echoed this sentiment during Operation Hope’s Global Forum, stating that the world needs approximately 2 billion more entrepreneurs to adequately provide jobs for the amount of people that need them.
Right now in the United States approximately 21 million of 27 million firms do not have any employees. This means they are not providing jobs for America’s population. Even worse, about 80% of these businesses make less than $50,000 in gross receipts. Worldwide, the economic situation is dire. This is especially true for our youth. Whereas, some states boast a youth unemployment rate of over 20%. The amount of people participating in America’s labor force is the lowest that it has been since 1978! There are just simply not enough jobs for the amount of people that need them, and many of the available jobs do not match the skills of the current available workforce. This makes it very hard to have a consumer economy, when people do not have the money and resources to consume.
The world needs more entrepreneurs that create businesses that create more jobs! THE WORLD NEEDS YOU!
When we look at these numbers I believe the biggest threat to the world’s economy are those who give up on their entrepreneurial dreams. We do the world a disservice and contribute to the systemic poverty plaguing our world when we don’t start that business.
We are now living in an economy where it is imperative to have multiple cash flow vehicles. The three basic building blocks to wealth, not only for individuals, but for world economies, include entrepreneurship, real estate, and investing. Families and economies thrive when entrepreneurs take the risk to launch their dreams, and are provided with the right support to grow successfully.
Even if government doesn’t provide all the resources needed to grow a business, there are plenty of private sector and nonprofit resources available to help businesses thrive. Also since we are in the information age, there are plenty of resources on line that can guide you through every step of launching and growing a thriving business.
So I implore you, for the sake of the economy, for the sake of our world’s future, let go of your fear, use your expertise and start that business! If we don’t build our own dreams, we are in bondage to building the dreams of others, and the world suffers as a result. The numbers don’t lie. Our world is in desperate need of more entrepreneurs or the economies of the world will die a slow financial death. Let’s stop contributing to the problem and be a part of the solution!