It’s important to start an internet business because salaries are plummeting around the world for the average middle-class worker.
The median real salary in America, today, adjusted for inflation, is almost 10% lower than it was in 2007. It’s lower than it was in the year 2000.
For those on wages, the average hourly wages are lower, after an adjustment for inflation, than they were 40 years ago, according to a recent U.S. News & World Report article.
It’s Not Good
The same report also stated that the U.S. economy lost nearly 9 million jobs from 2008 through to 2010 and the majority of the losses were in the high-paying sectors. Roughly 75% of Americans are living paycheck to paycheck, with essentially zero savings.
According to JP Morgan Chase, they predicted that economic growth in America over the next few years will be a lowly 1.25%.
What this means is that in the future a salary may not keep your family afloat. Even two salaries may not keep most families afloat. The idea of retirement particularly for tens of millions of Americans doesn’t seem to be a realistic option anymore.
But I don’t want to focus on the death of the salaried employee in America. Instead, I want to tell you what you can do about it because there is a great solution.
The world is changing fast and for many it’s may even be a bit scary. But what I’ve learned over the past decade will be extremely useful to just about anyone, even people looking for a job, a career change, people who want to work for themselves, people who want to pursue their passion, even people who are retired or perhaps looking to retire soon.
If You Want More
If you want to make more money, without a corporate job, please pay attention. If you want to start a business or a new career, this is going to be great news for you. If you want a job that pays you way more than the average employee, you are going to love this.