With massive changes in employment scene, especially advancements in the democratization of knowledge, why do young adults bother to get the typical 9-to-5 corporate job...are they simply following the herd? For that matter, why do they even bother to get a college degree? Is it because the employee-mindset is evil? Is having an employee-mindset in today's world similar to being a socialist in the seventies?
Times have changed. The world of employment is not the same compared to when I entered the workforce some three decades ago. It's a lot harder to get a job now, especially like the one I landed right out of college. But it is way-way easier to start one's own company and start earning a handsome compensation for your creativity and hard work...and heck even create jobs for other youngsters or your middle-aged un-employed parent(s). So why do so many youngsters still follow the beaten path?
The first job I landed some three decades ago, we were in new-employee training perpetually for the entire first year or so - some of my colleagues were in training even longer. One week after we joined the company we were asked to fly from Bombay to Delhi to attend a one-week Sales Basics course - which was quintessential for all newbies at Hewlett-Packard/Blue Star. In those days, flying was such a high privilege, especially for someone with a measly liberal arts college degree - and to add to that we were put up in a nice hotel. The training consisted of mock group sales sessions, presentations, overnight cramming and preparation for demos the next morning, and gripping VHS (or was it Umatic?) Videos introducing us to such concepts as MAN (Money Authority Need - more on it in another post someday... although I might want to change the abbreviation for sure).
It appeared, those were the days for new employees, we were lavished with great learning opportunities and pampered all through the honeymoon period with a laissez-faire approach. And it's no wonder that some of the people who joined along with me back then are still with the same company - although the vast majority aren't. Many of us have gone through three to ten different jobs and even multiple careers over this thirty year period. Not all moves were necessarily on account of advancement in position or salary. The stagnation in skills, compensation, and the recession in retirement savings are all very great reasons to question the very first step on a path towards what vision?
If you dialed it back a few decades prior to that of my Dad's it was whole other time - it's a time when you joined an organization and either retired or died working for that firm. A concept that is so hard to fathom these days for both employers and employees.
These days, when college graduates come out of college they are expected to bring with them a level of sophistication that they are expected to perform at a very high level from Day1. They are expected to have skills that not even the most experienced person in that company can even dream to possess. So then? Who will train/educate these bright minds? Yes, you said it - the end up Googling! (aka learning on the fly while flying solo...picture that). If most, if not all, so-called jobs were reflective of this scenario, which I know to be the case, why do so many of our intelligent keep doing the same thing over and over - taking 9-to-5-jobs - isn't that the definition of insanity?
With the easy access to resources (tools, knowledge, expertise, etc....even start-up-money) creating your own 40-50 year continuous-employment is much more likely than taking the old-way of the 9-to-5 traditional corporate job. I am not saying that by starting out on your own you will be the next Bill Gates or Steve Jobs - but you are more likely to be far more continuously-employed than your corporate cousin.
To watch and hear, in excruciatingly painful detail, what some of my corporate friends (and clients) go through trying to save their jobs is sad. Being stuck in a job you hate is a crime against yourself and your soul - if I were President I would make it a punishable crime under the law. There are limitless ways to keep yourself employed and a limitless number of ways to make money. The objective should not be to make money, pay bills and start another horrible day all over again. Instead, the objective should be to achieve the vision of your life and to spend every single day walking toward your vision on your path.
Being in a 9-to-5 corporate job can no longer be the path to achieve one's life vision - especially when navigating the many career interruptions along the way isn't the path to be on. And yet why do so many opt for a corporate job?
It is because the employee-mindset is evil. And, yes, having an employee-mindset in today's world is similar to being a socialist in the seventies. Put another way, possessing an employer-mindset is what the world needs more of - and an employer-mindset is what the creates good for yourself and for others. Especially, with resources that are available to today's youngsters, I cannot imagine why they would want to waste precious time and energy slaving away in an ocean of cubicles.
According to a post on CNN "New business creation in the U.S. (a fancy way of saying "startups") is at nearly a 40-year low. Only 452,835 firms were born in 2014, according to the most recent U.S. Census data released in the past week. That's well below the 500,000 to 600,000 new companies that were started in the U.S. every year from the late 1970s to the mid- 2000s"
What if in 2018, 25% of all new college graduates & new high school graduates started a new business - that would be 1.5 million plus new businesses. Then a year later, what if a quarter of these new business hired one new young adult entering the workforce (with or with out a college degree). The impact on the employment situation not to mention wages, is going to be unprecedented - more importantly the economy would strengthen beyond any period in history.
(According to the National Center for Educational Statistics, there are expected to be approximately 4.5 million college degrees conferred in the U.S. in the 2016–17academic year.
Also, according to the National Center for Educational Statistics, of the 3.0 million recent high school completers in 2015, some 2.1 million, or 69 percent, enrolled in college by the following October. The annual percentage of high school completers who enroll in 2- or 4-year colleges in the fall immediately following high school is known as the immediate college enrollment rate.)
Embracing an employer-mindset should be the moonshot of this generation.