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Business Ownership, Job Loss, and the College Disconnect

Post Series: Business

Jobs are disappearing by the thousands.  Markets are being disrupted (ebbs and flows) by the unknowingness of the future.  People are experiencing high levels of anxiety days on end.  We want to know, What’s going on with the job market? and Will there be jobs (enough jobs) for our children? Now, jobs being replaced by automation or being eliminated due to their nonessential nature, has been going on for several years now.  This isn’t new.  However, the degree or level by which jobs are going away is!

According to the U. S. Bureau of Labor Statistics, executive secretaries, electric and electronic equipment assemblers, and data entry keyers will experience the fastest occupational decline, which begs the questions, Are colleges and universities promoting degree programs for students to enter these fields? Better yet, with certain jobs becoming expendable, how are the business and postsecondary school industries addressing this issue?  And, why don’t we see and hear more promotion of entrepreneurship programs at the undergraduate and graduate levels?

It seems to me that one of the plausible answers to the decline in jobs is …. start more businesses, and by extension, create more, different, and relevant jobs.  And, give appropriate attention to and promotion of entrepreneurship programs to accomplish this.  But, for some reason, we haven’t addressed business ownership and the obvious college disconnect.  What’s striking is there are more than 9,500 colleges and universities (both accredited and non-accredited) in the United States, yet there are only approximately 274 bachelor’s degrees offered in entrepreneurship. (Get more facts here.)

“______ economic growth and jobs depend on its ability to support the growth of enterprises. Entrepreneurship creates new companies, opens up new markets, and nurtures new skills. The most important sources of employment in the ______ are Small and Medium-sized Enterprises (SMEs). The Commission’s objective is to encourage people to become entrepreneurs and also make it easier for them to set up and grow their businesses.” Think this is from a U. S. website?  Nope!  It’s from the European Commission.  This is not to say that U. S. commissions or other authorities don’t have a similar belief or objective; I just haven’t found anything yet.

College executives, high school counselors, parents, and society as a whole have to rethink job creation, business ownership, and academia.  It’s important to the long-term balance of society.  Want to do your part in staving off the hemorrhaging and addressing business ownership, job loss, and the college disconnect?  Consider encouraging your child, niece, nephew, mentee or friend to go to school for entrepreneurship, start their own business, and use their educational background and business experience to create jobs.  Society needs them!



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