The world that we live in is nothing like the world that our parents lived in. Back in the pre-globalization era, of roughly 1940-1990, it was completely feasible to expect a corporation to pay your salary and help ease you into retirement.
Back in this “golden era,” corporations actually looked out for their employees. Through various financial means, such as the Roth 401k or a conventional pension, employers could expect to be getting a reliable deposit bi-monthly in order to help them sustain their standard of living all throughout their retirement years.
It also used to be that a college degree was something to aspire to; something that guaranteed you a well-paying job, that would allow you to support a family of four with just a single college graduate’s income. This is obviously no longer the case.
Now, in 2016, the rate of unemployment for college graduates is officially 7%, but we all know the games that the economists play. The fact of the matter is that it’s more likely around 15%. Anybody who talks to a lot of people quickly realizes that unemployment rates are far higher than are being reported.
Now, corporations do not care about your well-being. You’re a year away from retiring and getting that pension? Oh, too bad—they’ll just fire you and you’ll never be able to cash out. And, with the rise of globalism, this has only gotten worse.
The Rise Of The Corporations
With the advent of globalism, your job is no longer safe. Anything that can be outsourced for cheaper, will be outsourced for cheaper; this is just a fact. If you work in a customer service based industry, expect your job to be replaced by machines within the next decade or two.
Just in the past 5 years, we’ve gone from needing 5-10 cashiers per grocery market to just 1-2, due to the automated checkout machines that have been incorporated. If you work a job that pays you minimum wage, expect to lose your job in the near future.
Don’t expect your 401k to cash out, either—as was clearly seen in 2008, with plenty of corporations going bankrupt, you can’t even count on them to follow the promises that they’ve made to you.
This is not to say that there won’t be more opportunities; we do in fact, live in an age of unprecedented opportunity, for those who are willing to take risks. This is the key, however, you must be willing to take risks. Most men, who are cowards deep down, will not thrive in this unprecedented period of uncertainty.
If, however, you follow some of the advice that I will lay out in this article, you can expect yourself to be a very wealthy man.
Job Uncertainty
