In the Future, Half of the People Will Be Self-Employed

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  • on February 6th, 2013

No matter how much cheap money Bernanke throws into the system, he won’t be able to make a dent in the unemployment picture. He can’t. The problem is not in the lack of jobs, but in the lack of skills that are in demand.┬áThe problem is not cyclical. It is structural and a mere side effect of a secular technological trend that will only accelerate. Companies will need less and less full-time employees as almost everything could be outsourced – website design and building, support, branding, accounting, financing, recruiting, even sales …it is happening.

The only thing you will need is to come up with the idea (and you could borrow even that) and more importantly have the guts and persistance to execute your plan. 10 years from now, there will be a lot of companies that consist of only 2-3 people…that should not discourage you. You just have to learn the right ┬áskills to fit in the new picture.

The market has already been discounting the structural changes in the job place for awhile. Specialized outsourcing and temp-staffing agencies were among the hottest investments in 2012, in both public and private markets. Most of them are enjoying strong 2013 too. The world will always need good market-makers or “match-makers”.

staffing agencies

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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