Overview

The younger generation has been experiencing social immobility and despair around the globe. No matter how hard they work, it seems that there is little chance for them to do better than their parents. They are no less smart than us. They work as diligently as us. But their financial pressure is somehow greater than us. Some are in such dire situations that they have no way to become financially independent at 30+ ages and still have to depend on their parents for financial support. They even forego the desire to marry and have kids. For those who dare to get married and have kids, the number of kids is hardly more than two. As a result, society is experiencing a decreasing birth rate and aging population. And the economic status of the young generation is stuck with what their patents are in with little chance of moving higher. In this book, the author first introduces and explains a popular social immobility phenomenon that is happening to our younger generation through some typical observation in our society. The author then goes on to explain why it is happening through introducing a new concept called relative productivity as opposed to traditional absolute productivity of an economy, the fact and reason why economy rewards relative productivity instead of absolute productivity, why one's life does not necessarily get better at the introduction of new technologies to the economy, why the next generation have increasing difficulty getting employed at top-paying job or launching new venture at top profit-producing niche in the marketplace, why wealth and income inequality occur as a natural result of technology advancement, why the fix to social immobility to large degree has to do with easing the entry of the young to top-income producing mechanism of the economy, why short of a complete social revolution, innovation entrepreneurship is not only the solution but also a path for quantum leap to richness, how to go about it, what the unique characteristics of innovation-friendly Silicon Valley environments are, what are current trends, what is the mentality of success, and how the alternative non-entrepreneurial route is like for risk-averse folks. The reader is encouraged to read this book from cover to cover, to develop a holistic view and intuitive understanding of the current situations first, and then further explore and decide on what kind of action to take for the ultimate goal of a quantum leap to the richness and saving the young from wide-spread despair.

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9781651830611

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