Due to the current situation of things, most persons are starting up businesses of their own, rather than waiting for the government to provide one for them or wasting time trying to secure a white collar job. Due to this there have been an increase in the amount of entrepreneurs and young business owners rising up by the day, do you think this would be an issue in the future? For example will there be more businesses than customers?!
Will self employment become an issue in the future?
- Thread starter eldavis
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I believe there will be some saturation in some areas but I do not think self employment will cause any issue. I also believe a lot of people will go back to regular job because they will fail to make money through self employment.
As more people are entering entrepreneurship, there would be more industries that would spring up and more innovation. It would lead to a balance.
I believe that self employment has been an ongoing trend. The only problem is how the business owners can sustain their products and services. But I hope they are prepared for such.
There would be no issue with rise of entrepreneurs in the future. It would rather create employments and drive innovation.
I don't think there will be any problem with self-employment as long as the market is favourable. Many people are now seeking jobs online and working privately for people. We just need to expand the circle for newcomers in this field.
As many people start businesses, it would balance out the economy as price levels always fall with more competition.
