Unemployment in the USA is high, although it’s been falling in recent months. I believe that the latest numbers are around 8.3% or so. They may go down more, or they may even go up soon. One of the reasons that they may go up is because many people who are unemployed are not counted, because they have given up on looking for work. If these people see lower unemployment numbers, they may become encouraged to re-join the ranks of employment seekers. As these people re-join the rolls of those looking for jobs, it would tend to spike the unemployment number a bit, resulting in a rise in the unemployment number.
The United States is not alone. I saw a news report this morning stating that the unemployment rate in the Philippines, where I live, is 25%. Not really surprising to me. Other countries around the world are also experiencing a tight job market.
On top of unemployment, an even bigger number of people are underemployed. What does this mean? There are a number of things that could make a person underemployed. For example:
- A person wants a full time job, but only has part time work
- A person is trained as an engineer (or some other field), but can only find a job as a store clerk, or some other menial type task
- Any situation where a person can only find work that is under the level where they truly should be employed
It is said that in the USA, between unemployment, underemployment and people who are no longer looking for work, the true number could be around 15% to 20%. One out of 5 people of work age don’t have suitable work, if any work at all. It’s sad. Additionally, I saw a study recently that a huge number of those who are employed do not like their work, in fact they hate their jobs and only go there to make money, getting no enjoyment at all out of their work. Unfortunately, I do not recall the number of people who reported that they hate their jobs, but it seems to me that it was around half of the workforce. So, if you take the 20% who are unemployed or underemployed, add the 50% who hate their work, and you’ve got around 70% of the workforce who is unhappy, has no work, or generally not in a good situation.
Are you part of that 70%?
If you are, do something about it. What can you do? Find something that you are passionate about, and make your money that way. If you are truly passionate in an area, you will enjoy what you are doing. Maybe you will make less money, but my bet is that eventually you will make more, way more money doing what you have a passion for.
Maybe you are sitting there saying that there is no way to make money out of the things you enjoy. That’s bull, frankly. There is nothing that you cannot make money doing, if you want to.
A lot of people tell me that they want to make money online, or they want to make money from this or that. Fact is, that the person tells me that time after time, year after year, but to be honest they never make any effort to make it happen.
Bob, I want to make money from blogging.
I hear this, then I see the person again in 6 months and ask how it is going. They tell me that the did it for a while and quit, because it was not working. Come on, are you serious? Just six months and they quit? In fact, many people quit after just a couple weeks. Lots of people post one article and never go back to the blog again. That won’t work. You have to commit yourself to be in for the long haul. Making money online is not magic, it’s work. No matter how you want to make money, you have to work, it’s that simple.
We are in the 21st Century now, and the old way of making money by getting a job is changing. It’s changing a lot and in significant ways. 20 years from now getting a job may be considered a relic of the past. Ask yourself again… what are you going to do to make a living in the 21st Century?
There are lots of ways to make money. Be creative. Think outside the box. Don’t just follow what others are doing. You can do it, but you have to try, not just talk about it.