Posts Tagged ‘ entrepreneurs

Innovators – A Dying Breed in the US (more like being killed off)

And bam! Like I said, China and India will be two of the emerging world powers when it comes to technological innovation. I had read an earlier article many moons ago that discussed Professor Vivek Wadwha’s findings with regards to his students’ desires to return to their homelands. At the time, the push against illegal immigrants were already under way and, as mentioned, many companies found this appalling. It wasn’t too hard to connect the dots and realize that we would be massively screwing ourselves in the global market. Sadly, there isn’t much one (or a few) people can do to get Senators to care about the well being of the US over their desire to get votes for reelection. Now we see the affects of our Government’s shortsightedness – China and India are indeed two of the fastest growing markets for tech and with a greater influx of bright minds from US universities, it won’t be much longer before we see their reliance on US “innovation” fade away. Perhaps that will be the wakeup call that slaps some sense into US Government and gets them to listen to engineers instead of self-serving lobbyists.

Then there is the epic student debt problem that haunts our youth. So not only are we driving away the best and brightest foreigners, but we are also fucking over our own best and brightest newcomers. Good job America! President Obama is trying to find a way to alleviate the pains of the recession on new grads by pushing for a bill to help with student loan debt. Now the big question is: will this be enough to push new grads into starting their own businesses? I personally believe that this is too little, too late and, combined with the influence huge corporations have over the government, will be one of the contributing reasons we will lose our dominance as technological innovators. And do the numbers back me up?

Just looking at past census data (2008), we know that a gigantic chunk of employment is by small businesses. Using even 500 employees as a cutoff instead of actual dominance and ignoring the fact that huge companies tend to have a higher percentage of non-US based workers, we still end up with about 40% of the population being employed by small businesses. That is a shitfuckton of people and doesn’t even account for unregistered entrepreneurs (i.e., the new grads coming out of college). Oh, and then there are the freelancers too. Can’t forget them. Using this as our basis for small business importance, it becomes strikingly clear that pushing for small businesses and fostering startup growth is crucial to keeping our economy alive. Entrepreneurs, in particular, are some of our best innovators and provide quite the buffer setting us apart from other countries. As our buffer slowly dies, it becomes much easier for large companies in other countries to compete with the US as those companies will have the resources to match our own local R&D departments (i.e., they are on even grounds for hiring the best US workers for R&D and have the additional benefit of being much more attractive to the best and brightest foreigners – those that got educated in the US and left to go home). Once this happens, the US is going to be in deep economic shit.

So what can we do about this? For one, getting the government to realize that idiotic laws like E-PARASITE (formerly known as PROTECT IP) and the ridiculous software patent laws will only serve to hasten our decline. Perhaps getting the government to follow through on some of the We The People is a non-superfluous way would be a good start. For example, this is the response from the many marijuana petitions. The arguments and justifications put forth are idiotic (and rather than usurp my own post, I will refrain from going through them in detail) and just out of morbid curiosity (cause I don’t even agree with the petition), I’ve signed this petition just to see what inane response they send out that won’t contradict what they just wrote (or I can just sign this one). Remember Us Government, when you try and use illogical arguments against the entire US populous, you will get some sarcastic assholes who will tear your argument apart with a counterexample. Or perhaps the government can listen to the 99% and stop shacking up and fucking with corporations (Occupy Wall Street anyone?). There is a lot wrong with our government and the combination of media explosion (YouTube, Twitter, etc.) and the recession has made it much more transparent that we are declining as a nation of innovators.

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