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We Americans have had "nepotism" drilled into our heads so much that we apply it to any small family-run business craft and encourage young people to move far a
by neither_color 4y ago
We Americans have had "nepotism" drilled into our heads so much that we apply it to any small family-run business craft and encourage young people to move far away and try to "make it on their own" in cities they have no ties to in industries they don't belong in to avoid the shame of "having everything handed to you." Young Americans in general abhor the idea of doing the same thing their parents did. The problem is this is drilled into middle class kids who think that taking over the family shop/bakery/restaurant is the same as some politician or CEOs son getting easy admissions to harvard and a big 4 internship. The result is a wasted opportunity to build generational wealth, skill transfer, and artisanal mastery as your best decade is wasted trying to get to the same level your parents got to in 20.
- vkou 4y agoThe mom and pop shop only works when you have family members putting in all their time to keep it afloat for no pay. That's why the kids aren't interested in taking it over. It's not a route to generational wealth for anyone who has regular middle-class opportunities, as much as it's a route to being busy all the time, and having nothing to show for it at the end of the day. Businesses that actually have real prospects frequently get taken over by the kids. The family shop/bakery/restaurant is rarely one that has them. You don't want to be doing all the work in a line of business where the prevailing pay is minimum wage.