Entrepreneurial Solution to High Unemployment

Facts: The unemployment rate is stuck indefinitely at about 10 percent. An average of five unemployed Americans scramble for each available job opening. Forty-six percent of the unemployed have been out of work for six months or longer. This dismal job situation will not correct itself any time soon.

Related Factors: Consumer spending is necessary to create jobs, but consumers are not spending because they have watched the value of their homes and investments decline sharply during the past two years and they are worried about their own job security.

Here's the problem: There isn't enough money in the U.S. economy to create enough jobs for all the people who need to work.

Solution: We must bring MORE money INTO the economy! More money moving through the economy equates to more consumer spending and more jobs.

Consideration: Because many folks are exasperated by government efforts to resolve our economic woes, it would seem that most of us would prefer a private sector solution to the employment crisis.

Required Action: Launch a “D-Day” invasion of investor-supported entrepreneurial activity, a veritable Entrepreneurial Blitzkrieg!

Why? Entrepreneurship is the quickest way to job creation, with every dollar that an entrepreneur receives going directly into job creation. New businesses need employees. New businesses need professional services (accountants, attorneys, et al). New businesses often require offices and other facilities (employing builders, contractors, and heating/cooling, plumbing, and electrical professionals, et. al.).

Increased entrepreneurial activity translates to more jobs. More jobs mean that more people have more money to spend. With increased individual spending power, the U.S. economy springs back to life, enabling all Americans to realize a higher standard of living and a higher quality of life.