Unemployment 9.2% – so what?

If the huge increase in unemployment over the past two years was a plan by evil Socialistic politicians, it is going to backfire on them. At some point, and IFO thinks it will be soon, we will have a major rebound in working people, but THEY WON’T HAVE “JOBS.”

They will be independent, freelancers, entrepreneurs, self-employed – making a living on their own. It has happened before and we believe it will happen again, as this link shows. Admittedly, blogger JenFul didn’t lose her job before she launched her successful freelance career, but we think she represents a trend. We have had experience in our own freelancing career as a business reporter that proves it.

Several years ago, IFO lost a cool gig as a freelance reporter for the big state daily newspaper, but she learned two important facts during that time.

First, she learned she had a vocation. Reporting stories her readers  needed to know and giving others a voice, she found that a free press is one of the most important gifts given to us by our Creator and our Founding Fathers.

Second, she learned never to count on a single employer ever again. After she got fired, she had to reinvent her writing career. She learned to think of the publications she wrote for as “clients.”

By the mid-1980s, she was back on her freelancing feet. We were coming out of a horrible economic downturn, when an entire layer of middle managers had lost their jobs. IFO interviewed several who had gone into business and become their own bosses.

At the same time, college-dropouts Steve Jobs, Steve Wozniak, Paul Allen and Bill Gates and many other geeks and nerds were causing a revolution in computers, shrinking them, cutting prices and getting them into the hands of ordinary people. The small computer revolution, not planned or boosted by government, gave us independence and helped those middle managers take control of their own lives.

If state and national government stops paying people not to work, IFO knows we will see another totally unexpected, unplanned step forward into economic prosperity. As soon as the people without jobs realize they are going to have to support themselves, they will start to go into business for themselves. IFO is seeing this already in her corner of the world – far away from NYC and Washington DC.

Here’s the backfire part of this: Small business is the engine of growth in the U.S. Small business owners can’t be bought by Socialist promises of government largesse or tempted by class warfare arguments. They just want to make people happy by providing a valuable service or product.


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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3 Responses to Unemployment 9.2% – so what?

  1. Michael Morrison says:

    No comment is necessary except to say, “Good job!”
    Or maybe, “Good work!”
    No, those are still the wrong words, considering the topic.
    Let me say, “You are one smart person! You write well, and you write what needs to be written.”
    And I am, of course, posting a link on my Facebook page because I want several million more people to see this.

  2. missdisplaced says:

    Something like 80% of all small business FAIL
    Nice try, but nowadays you really have to have $$$$$$ (or investors) to start anything

    • Maybe you need $ or even $$, but you don’t need big bucks to start and succeed at a small business.

      My DDH, for example, an electrical engineer who didn’t want to work for a university any more, tried micro-farming for about five minues (exaggeration), then got a job as a tv repair guy. His intelligence and skill soon became apparent and when all the repair shops in town found out he could fix anything, began to send people to him.

      He set up his own business on ZERO dollars and after a bit of a struggle, ended up with what he had wanted all along – a business doing design and repair of industrial machinery.

      Since 85% of all new jobs come from small business, there must be other people out there succeeding, too.

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