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Millennials as the Key Driver of the Global Startup Wave

After the great fall, there would be a wave of rebuilding. The same thing goes to the entrepreneurial spirit after The Great Recession. During The Great Recession, the U.S. economy has eliminated more than 8 million jobs which is the steepest decline since the end of World War II.  It has caused many businesses to close for good or file for bankruptcy, on the other hand, the emerging number of unemployment triggered a significant increase in entrepreneurship. The high amount of global unemployment leads more youth to believe that a possible solution to their careers is a startup business. A group of people who are born between the 1980s to the 1990s, which usually labeled as Generation Y or millennials, is suggested as the most entrepreneurial generation compared to the rest. The rough background has made the millennials’ mindset more aware of the global economic risks, therefore, the crisis shock to the workforce fueled a surge in entrepreneurship. As an example, back in 1995 the

Capitalism FTW: It's Just a Matter of Time until Robots Take Over Our Jobs

As human beings, we always strive for improvement in every life aspect. That is why our prehistoric ancestors created their own stone tools, bow and arrows, and other survival tools. The evolution continued until the existence of modern Homo sapiens, which is the modern human nowadays. Modern humans discovered more complex inventions such as wheels, medicines, propellers; basically our surroundings are the latest development of the earlier technologies. Humans are constantly improving new technologies in order to assist our daily activities, to innovate breakthrough technologies; we will not stop inventing because it is our instinct to make daily things done faster and be easier to do; it is our survival mechanism. However, this whole modernization thing is known to make conflict amongst us. The Industrial Revolution in 18 th to 19 th centuries was a both historical and controversial transition from labour production methods to powered, special-purpose machinery in many industri

A Classic Tale of Money and Power in a Modern World: The Extreme Wealth Gap Occurs when 1% Billionaires Rule the World as Global Wealth Holders in 2015

This is a common concept in society: working hard is the solution to fighting poverty. Even ignorant judgment would point people who lived under the poverty line as lazy people. I bet low-paid labours in developing countries wouldn’t agree on that statement. They are working hard but barely can afford to meet the basic needs of themselves and their families. Go ask garment labours in Myanmar or Bangladesh: after their long hours working in the factory, could they afford housing, food, and medicines? Unfortunately, along with their exhausting hard working they are still trapped in poverty. Even in the European Union, there are 9% workers at the risk of poverty. The global financial inequality crisis is getting worse than ever. Supported by data from Credit Suisse’s Global Wealth Databook 2015 report, Oxfam revealed that 1% population in the world is wealthier than the rest of the population. Published on January 2016, Oxfam elaborated the economic gap through its policy paper entit