Harder to make money these days
I was just in a conversation with a buddy/coworker of mine. Like me, he works a couple of different careers. I blurted out, "It's much tougher to make money than is was a few decades ago." He agreed.
Does anybody else feel this way too? I work a lot and the impression I get is that, in our nation in general, there is very, very little extra liquidity available out there.
Does anybody else feel this way too? I work a lot and the impression I get is that, in our nation in general, there is very, very little extra liquidity available out there.
Technology is moving so fast and with so many network effects than there are countless product opportunities that no one has got around to conceiving much less building yet.
I think this is playing out across the economy. The silver lining in it is that you can sell down at the end of the long tail, i.e. products/services of such narrow interest they'd never justify shelf space at retailers.
All this makes it harder to make money in a traditional job doing traditional tasks the previous generation did, but it's actually easier to make money if you think of new ways to use technology to get people what they want.