3 ms·
Career advice from Thomas Friedman
- SamAtt 16y agoI found this article which says 66% of businesses fail within 4 years according to the Small Business Administration: http://www.businessknowhow.com/startup/business-failure.htm http://www.businessknowhow.com/startup/business-failure.htm That was written in 2006 when we were in a boom (unjustified as it might have been). I'd imagine those numbers are much higher now. So basically Friedman is advocating new graduates go into a field where they have around a 3 in 4 chance of failing. Given there are only 1 or 2 unemployed people for every 10 in the broad market I'd say that's bad advice.
- hga 16y agoThis sounds like one of the stronger arguments against getting a degree instead of going straight into a startup: "A person with big debts that cannot be discharged in bankruptcy is not a person who should be taking risks."
- DenisM 16y agoDebt is a drag on everything else you can do, it's absolutely not worth it unless you are getting something really helpful in exchange.
- specialist 16y agoIf Thomas Friedman told me the sun rises in the East, I'd look to verify.