PART I
The Breakdown
1
Everyone Poops. Yours Isnât Special
When our parents came of age in the 1950s, 1960s, and 1970s, working for âThe Manâ was the only game in town. Our grandparentsâmostly members of the Great Depression generations for whom jobs were considered luxuriesâreinforced the ideas that getting a job and working hard were essential to building a sustainable living.
Thus, the mantra was born: Work hard, get good grades, go to college, and get a job.
Before we were even born, our parents fantasized about what we would be when we grew up. They wanted things to be better for us, but in a much different way than their parents had planned for them. There was a generational divide here: To our grandparents, getting a job was a matter of survival. But our parents wanted more than survival for usâthey wanted us to find our dream job and thrive. We couldnât just get any jobâthey had much bigger ideas for us. They wanted us to find a cure for a disease, write the next great American novel, or become president of the United States. The possibilities seemed endless. Their expectations ran wild and knew no bounds. Before the doctor even cut our umbilical cords, we were already winners who were destined to surpass their wildest dreamsâeven though they had no idea what that meant or how we could even begin to make their dreams a reality.
And, then the big day arrived. You might have entered the world as an 8-pound ton-of-fun with a face that scared off the family dog, but it didnât matter. The moment you left the womb, you were a special, perfect, one-in-a-million diamond-in-the-rough who would one day perform open-heart surgery blindfolded, while climbing Everest.
From that day forward, the world revolved around your every action. You giggled, and your parents thought it was brilliant. You rolled over, and you were amazing. When you walked, they told everyone who would listen how incredible you were. You mumbled some incoherent iteration of âmomâ or âdadâ that sounded more like âbus stopââand it was life changing. Relatives would even line up to clean your diaper just to get a whiff of your majestic, rosy fragranced poop.
And the adoration didnât end at infancy.
It was time to call the NBA when you almost hit that foul shot during your fourth-grade basketball scrimmage. Graduating from middle school was a crowning achievement. And when you made your singing debut in the high school musicalâs background ensemble, your parents swore that you were on your way to Broadway.
For years, your parents, teachers, and MTV blew smoke up your ass at every turn. You were showered with undeserved accolades, encouraged to aspire to unrealistic goals, and praised for exaggerated achievements. You were the unwitting victim of a coddling culture fated to screw up your perception of reality.
No matter how pathetic the award or how asinine the proverb, you bought into it all, hook, line, and sinker. You were so busy riding the Everyone-Is-a-Winner bandwagon that you failed to realize that you were being rewarded for mediocrityâor worse, out of pity. Your parents put you on a teetering pedestal, instead of providing you a strong and realistic foundation for the rest of your life. Encouraging you to aim high is one thing, but by keeping you from feeling the sting of failureâand not allowing you space to fend for yourself independentlyâyour parents, teachers, and coaches unknowingly set you up to be a weak, ineffectual person, unprepared for adulthood.
COLLEGE: THE DRUNKEN ROAD TO EASY STREET
From your time in the cradle, up to high school graduation, you were likely force-fed everything from Sesame Street to SAT prep courses. You were pushed to read faster, be smarter, and raise your GPA in the hopes that one day youâd be accepted into a top-rated collegeâand that would set you up for life.
But rather than instilling the desire to pursue a ârealâ job, college taught you to hate them. Most professors were open-minded thought leaders who encouraged discussion. Unlike the mandated dress codes in primary and secondary schools, college promoted a sense of individuality and expression. No one dictated where or how you worked, as long as you got the work done. Cheating or achieving grades so low that teachers began to question whether you had a pulse were two of very few reasons you might be expelledâwhich were better odds than hoping for job security.
When you did manage to find the time to pay attention or even make it to class, you probably realized that your classes werenât offering you the critical skills necessary for the real world. College courses seemed to train you for the same mythical dream job your parents desired for you. There were no lectures on corporate hierarchy, filing documents, or answering phones. When you werenât wasting time taking classes that were about as useful as a screen door on a submarine, you were receiving a high-level education that taught you how to do your eventual employerâs job, not the remedial tasks of his entry-level assistant. Simply put, you were told what to thinkânot how to think.
Instead of breaking free from the system and taking control of your own life, you took the easy road. You decided to allow your perception of reality to remain warped, because you knew you had a reward just waiting to be cashed in. Your BS in BS was your meal ticket to superior job placement and untold riches.
Or so you thought.
DUDE, WHEREâS MY DREAM JOB?
The years passed by so fast that before you knew it, you were finishing up your senior year of college. In a few short months youâd be pants-less, wearing a cap and gown, accepting a six-figure sheet of oak tag, and finding yourself one step closer to retirement by thirty. All of the Bâ term papers and drunken debauchery was finally going to pay off. It was time to get paid!
You typed up your resume in 12-point Times New Roman with your name centered at the top in bold caps. You grossly exaggerated your internship experience and gave yourself the title of VP of Operations, Marketing, and Accounting. You printed the document on 110-pound scented yellow stationery andâalong with your formulaic cover letterâproudly handed the completed package to your career development counselor for her seal of approval. Iâm sure there was a tear in his or her eye. You then proceeded to send resumes to all of the best employers you could find on the Web. The excitement was palpable. It was time to accept your dream job.
A few weeks went by, and you didnât hear anythingâbut you didnât let that scare you. You had an accredited degree. But still, where was the harm in hedging your bets? So you sent out 10 more resumes.
A few more weeks passed. No responses.
No problem, though, right? It was only a matter of time before someone contacted you to schedule an interview. After all, you followed your life plan to the decimal. You got good grades, and were accepted into collegeânow the next step was to get the job of your dreams. Right? But just to be sure, you sent out a few more resumes. Not too many. Just 75 or so . . . you know, to be on the safe side.
Thereâs a good possibility that if you graduated several years ago, you applied for a bunch of corporate gigs and still havenât heard back from any employers. Youâre not alone. Juan Somavia, the Director-General of the UN International Labour Organization, has recently announced that global youth unemployment has hit its highest levels ever, with 81 million young people unemployed worldwide. According to a 2009 National Association of Colleges and Employers study, 80 percent of college graduates who were looking for jobs couldnât find one. The Economic Policy Institute recently announced that the class of 2010 faces the worse job market in a generation, with the Bureau of Labor Statistics putting unemployment among 19- to 24-year-olds over 15 percent. Even more disturbing is the recent study by the Pew Research Center indicating that nearly 40 percent of all 18- to 29-year-olds have either been unemployed or underemployed at some point since December 2007.
If you did hear from a potential employer, thereâs a fairly good chance you were denied a position because you were either underqualified for the jobs you wanted or overqualified for the jobs you applied for âjust to make ends meet.â It didnât matter if you had a degree in electrical engineeringâyouâd be lucky to get an executive assistant gig at a corporate event planning company, if you got a job at all.
But there is a silver lining. Youâre now a card-carrying member of the Boomerang Club: The first generation in history to attend college only to move back in with dear old mom and dad afterward because youâre broke, unemployed, and in debt up to your eyeballs.
Hooray for living the dream!
Iâm sure this is exactly how you envisioned your postcollegiate life.
WELCOME TO YOUR âREALâ JOB, MR. JANITOR
Maybe you were âfortunateâ and did manage to land a job after college. However, chances are that whatever youâre currently doing was not your first choice. Itâs probably not even your 10th or 20th choice. Heck, itâs probably not even your 100th choice. Instead of being hired as the vice president of fashion design at Ralph Lauren, you most likely accepted a receptionist gig at Joey Fatayatâs Mortuary where the motto âYou Kill âEm, We Chill âEmâ is proudly displayed on a neon sign in the parking lot. (Iâm sure they have a wonderful health insurance plan.)
And if, by some miracle, you were lucky enough to get a job in your chosen field, then youâre most likely grinding it out as an underappreciated, underpaid, underemployed, bottom-of-the-food-chain receptionist-barista-gopher, who often gets mistaken for the company intern.
What happened to the dream job that was dangled in front of you like a carrot on a stick for your entire life?
You departed college with the notion that you were regularly going to make life and death decisions and close billion dollar deals over dinner meetings. So how is it, exactly, that you ended up sitting in a cubicle typing up your supervisorâs meeting agenda, staring at a slow ticking wall clock, and wondering where it all went wrong? Where was your standing ovation for handing in your work early? Or the certificate for being on time every morning? How about the corner office with a view or the âimportantâ responsibilities?
Where is your âAâ for effort?
Claustrophobic cubicles, stale coffee, monotone dress codes, idiot bosses, mind-numbing water cooler debates, migraine-inducing birthday celebrations, infantile office politics, futile reports, repetitive phone answering protocols . . . the only thing stopping you from running down the hallway screaming like a madman is the thought of being forced to attend the human resource departmentâs new multicultural anger management seminar.
Truth be told, whether your collar is blue or white, your ârealâ job is probably everything you never wanted it to beâand youâre not alone. More people than ever are less than pleased with their current positions. In fact, according to a recent study conducted by the Conference Board, 45 percent of Americans hate their jobs, andâperhaps more shockingâ73 percent of Americans under the age of 25 hate their jobs. If that many people are so completely miserable doing what they do on a daily basis . . . well, doesnât that tell you something about how broken the system is? Despite the encouragement you received (and still receive) to get one, ârealâ jobs present a problem for the following reasons:
Real jobs offer you a false sense of security. Youâve been conditioned to believe that a real job will offer you safety and security. However, the truth is that job security no longer existsâand it hasnât for a long time.
Consider the numerous corporations that went bankrupt in the 2000s where the decisions of the few greatly impacted the livelihoods of the many: Enron, Lehman Brothers, Circuit City, Linens âN Things, General Motors, and so on. The list is frustratingly endless. Forget about gold watches and retirement lunches; in many cases, loyal employees didnât even receive severance or a shred of their decimated retirement savings. And letâs not forget about the recession that has forced companies to lay off millions of employeesânearly 1 in 10, in some instancesâjust to maintain viability . . . and has caused the unemployment rate to escalate to levels that havenât been seen since the Great Depression.
Detractors may argue that employees benefit from more security than entrepreneurs do. Yet although entrepreneurs understand the risks theyâre taking in terms of their financial security, they still maintain total control over its direction. People with ârealâ jobs have very littleâif anyâsay over financial and job security. The list of factors that can send you packing will only grow as employers continue to perfect their âbetter, faster, cheaperâ philosophy to keep stockholders happy or increase top-level executive pay. There is only one thing that will undoubtedly become more and more commonplace: pink slips.
Real jobs render you powerless. Clueless management. Moronic colleagues. Tedious reports. Unrealistic deadlines. What do all of these things have in common? Itâs simple: No one wants or cares about your opinion on any of them. Your job is to keep your head down and get whatever needs handling doneâno questions asked.
Donât kid yourself. In most instances, youâre not a decision maker unless you are the decision makerâand chances are, youâre scared of whoever this truly is. In fact, according to a research poll conducted by workplace expert and BusinessWeek columnist Lynn Taylor, the average U.S. employee spends more than 19 hours each week worrying about what their boss will do or say. That hardly seems productive to the corporate bottom line.
Unlike entrepreneurs who succeed or fail based on their own decisions, employees with ârealâ jobs must play the roles of obedient cogs in the machine tasked with performing X function Y amount of times to get Z result for the sole benefit of the mother ship. Deviation from the carefully designed corporate agenda dictated from above could result in unforeseen lossesâand consequently, the termination of employment. After all, such actions prohibit you from improving the wealth of others and that cannot be tolerated. Mind you, even if you abide by the corporate agenda and there are losses, it still doesnât mean youâre guaranteed any sort of safetyâor severance. Say good-bye to freedom and hello to a life as a corporate wage slave.
Real jobs overwork and underpay you. A recent study conducted by the National Institute of Occupational Safety and Health found that the average U.S. employee works two months longer than an employee from 1969 for nearly the same salary after inflation adjustments.
So, not only are many people overworkedâtheyâre also paid less for working more.
What does this mean to you in dollars and cents? Maybe $35,100 annually; the average salary for 25- to 34-year-olds in the United States according to the July 2010 BusinessWeek article âRetirement: Gen Yâs Empty Piggy Bankââa dollar amount that has come to be after falling 19 percent over the last 30 years after adjusting for inflation. For many entry-level employees, the workday doesnât end at 5 pmâand it often includes portions of weekends. So, weâll suppose that between putting out your bossâs fires at 10 pm on Fridays and composing reports during football game viewing on Sundays, that your actual workweek is 50 hours long. Breaking down your annual salary, your actual wage is a little more than $13.50 per hour. Now letâs include overtime. OopsâI forgot; according to the Department of Laborâs overtime rules, you might not even be eligible for overtime! Silly me. And letâs not forget about deductions to your paycheck for taxes and social security. So weâll make that more like $10 per hour. After you subtract for your clothing, travel expenses, college debts, and any costs associated with your company benefits package, well, youâre lucky if you can afford a night out at the movies.
On the bright side, you do get paid vacation days. Unfortunately, the average U.S. employee only gets around 13 vacation daysâwell below that of his counterparts in most other industrialized nations (Italyâs average is 42, Franceâs is 37, and Canadaâs is 26). And according to the May 2009 CNN.com article, âLayoff Worries Keep Many from Taking Vacations,â 34 percent of Americans donât even use all of their vacation time because theyâre too afraid of losing their jobs. And although you might be eligible for a raise in a year or so, thatâs only likely to happen if the corporate bigwigs havenât taken all the profits to buy new vacation homes.
Job-happy stalwarts may claim that being an entrepreneur doesnât guarantee youâll make more money than a salaried ...