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There's much less security in working for a big company than most people think there is. Just ask any of the 760,000 people laid off so far this year.


And that's certainly the way the younger generations see it - so why not do your own thing? (Hey, I agree)

But given that most businesses require more work and eventually fail, taking a job is still much more secure. Perhaps this will change in the coming years, but not yet.


About 55% of startups fail within five years. Ok, so there's obviously some risk in starting a company.

How likely is a 22-year-old to find a job, even at a stable company, where there's a 45% or better chance that it's still worth going to work in 5 years? Not very. Most people get pigeonholed or down-tracked; not everyone can be "protege".

I'm 25 and on my fourth "career". I recognize that no single effort or job is going to deliver better than a 50% chance of liberation and success, but I have a hell of a lot of chances, and I've learned a lot and made great friends in each of my three cycles. I don't fear losing a job-- done that, bounced back-- but stagnation is terrifying.




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