Harder to make money these days

Posted by $ Abaco 8 years, 4 months ago to Economics
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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.


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  • Posted by edweaver 8 years, 4 months ago
    I agree.The reason for the difficulty to make money is the problem. If it were simply competition in a free market it would be acceptable. But the main cause of the difficulty is government intrusion and that simply makes for frustration. It stifles one's will to produce. Make's me ask, Who is John Galt?
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  • Posted by $ sjatkins 8 years, 4 months ago
    No. Just the opposite if you have even modest skills on a computer. There are so many ways to make money online, often by simply writing about what you care about and developing a readership over time. If you have better tech skills there are millions of not so difficult products that can be built as webapps and sold by very low monthly subscription prices. Get one of those that has 10,000 to 100,000 subscribers and you have your needs and then some met. Look at some of the things out there now that have millions of subscribers. It just isn't that hard technically. And the cost of starting such a business are very very low.

    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.
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  • Posted by CircuitGuy 8 years, 4 months ago
    My thought is technology has made it easier for top producers to distribute their product or services and harder for others. For example, a top lecturer can reach everyone in the world with easy and inexpensive streaming video. We now have a choice besides lectures from people in our area.

    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.
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