Zero Hedge excerpts a front page article from The Wall Street Journal and adds commentary about a disturbing trend:
Despite the anecdotal evidence plastered daily on financial media channels of a scruffy, young, upstart working from his parents’ basement and creating the next great social, mobile, analytics, cloud app worth a cajillion dollars, from nothing but tween eyeballs, the sad reality is the ‘American Dream’ for young Americans is over. As The WSJ reports, the share of people under age 30 who own private businesses has reached a 24-year-low, according to new data reflecting a generation struggling to find a spot in the workforce. While there are numerous possible reasons, one professors worries about the systemic aspect as “the fear of failure is the measure we should be most concerned about.”
For the rest of the article: http://www.zerohedge.com/news/2015-01-03/peak-dream-death-young-american-entrepreneur
