The Cary News has a really interesting story about a small Morrisville firm whose founder is seeking to perfect and market a multi-fuel power source. The U.S. military is reportedly seeking just this kind of source. I post this story because the founder and his company illustrate what entrepreneurship and innovation are all about, what risk-taking is all about. What big-bad venture capital is all about. I don’t know what the future holds for this, but keep this in mind: If this effort is successful, he will become a wealthy man, he will employ more people, and the marketplace will have a sought-after product. And guess what else: this success will become a target of those who demonize the so-called 1 percent.
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The real-world consequences for failed economic policies continues to plague the U.S. workforce. Just walk into any hotel or Starbucks and talk to the people behind the counter.
Read full article » No Comments »A third of U.S. workers under 30 were underemployed in April,according to Gallup.
Compared with older Americans, young adults were more than twice as likely to be underemployed and 50% more likely to be unemployed.
The 32% of 18- to 29-year-olds last month who were either unemployed or working part time but seeking full-time jobs was up 2 percentage points from March and marks the highest since May 2011. Gallup’s measurement is not seasonally adjusted.
