As of December 26, 2018, hundreds of thousands of federal employees has been furoughed and many will work without pay until further notice.
Within the next decade, entrepreneurship will soon be the first priority for Millenials. There are government employees and civilians who have took action on a plan b so bad things such as government shutdown doesn’t make a difference. People who were born in Generation X (Gen X) are beginning to become successful entrepreneurs.
Gen X babies were forced into the labor force because technology weren’t as advanced. Gen X and baby boomers the industrial revolution came into play.
Currently in the 21st century most people consider a job their first priority, not realizing that jobs will soon be a thing of the past. Here is why people will soon be out of jobs, click here.
Millienials will be able to connect with a business leader to learn about entrepreneurship. According to an CNBC article, people born during Gen X accounts for about 51% of leadership roles globally.
To learn more about entrepreneurship, click here
There is not job security anymore.
U.S. Bureau of Labor Statistics
According to the U.S. Bureau of Labor Statistics:
*** South Carolina had 134,500 unemployed residents in 2015 according to the CPS.
*** 96,000 workers employed part time for economic reasons (involuntary part time). These individuals were working part time because of slack work or business conditions, or because they were unable to find a full-time job.
*** Older employees who are suppose to retire are choosing to stay or remain in the work force. Women between the age 60-70 years old is expected to increase in workforce by 2019.
*** Student loan debt is putting limitations on the average consumer because it result in low credit scores and more negative factors.
Macy is about to cut almost 6200 people from their staff because the company crashed. A huge decline in the stock market is one of the main reasons. Macy’s store didn’t seem like they were in financial troubles. This is the perfect example on why people should have a plan a, b, and c. Not anything is secure anymore.
What if your job needed to do a spare of the moment cut? Would you have multiple sources in your household?? Would you have enough savings to pay 3-6 months in bills? Do you know how to prepare yourself for an emergency?? In 2017, don’t just depend on a job, have an open mind to learn about multiple sources of income.
Visit Www.CatrinaLatriceWilliams.com for more info on multiple sources of income.
NBC.com report new. http://www.cnbc.com/2017/01/04/here-are-68-of-the-100-stores-that-macys-will-close.html
US Bureau of Labor Statistic report labor in the US. https://www.bls.gov/regions/southeast/news-release/laborunderutilization_southcarolina.htm
Himes, D. https://www.bls.gov/opub/mlr/2015/beyond-bls/graduating-with-both-the-degree-and-the-debt.htm