The way you get rich has changed as technology has evolved.
"In 1960, most of the people who start startups today would have [[gotten a job]]. You could get rich from starting your own company in 1890 and in 2020, but in 1960 it was not really a viable option."
"In 1960, most of the people who start startups today would have [[gotten a job]]. You could get rich from starting your own company in 1890 and in 2020, but in 1960 it was not really a viable option."
The labor market, like any other market, is dynamic.
Just because something worked for a prior generation, doesn't mean it will work for the next.
Just because something worked for a prior generation, doesn't mean it will work for the next.
If anything, it is less likely.
In financial markets, the best performing strategy over the past 20 years is usually one of the poorest performing strategies over the next 20 because it gets crowded and returns deteriorate.
The same is true of the labor market.
In financial markets, the best performing strategy over the past 20 years is usually one of the poorest performing strategies over the next 20 because it gets crowded and returns deteriorate.
The same is true of the labor market.
In general, while much parental advice to kids about careers is very well-intentioned, it is often out of tune with reality.
"Do not seek to follow in the footsteps of the wise. Seek what they sought." Matsuo Basho
"Do not seek to follow in the footsteps of the wise. Seek what they sought." Matsuo Basho
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