Month: September 2016

Market Saturation & You

I've never had anyone give me a satisfactory answer to this question in my regular Facebook dealings, so I'm going to present it openly for anyone that would like to try. One of the most common things people say when it comes to entry-level jobs is that they're made for teenagers. It's also something to do while you go to college and figure out how to pursue your career path. Whenever someone mentions how those jobs are low-paying and high stress, the former person will say, "get a better job. Go to school, learn a trade, better yourself." Sure, okay. That's a whole nother conversation in itself, but for the scope of this post my question is about market saturation and will be presented as a hypothetical scenario. If you take 100 people right now, you'll most likely have a pretty good mix of work. I'm just going to throw out some numbers for the sake of the scenario and say that maybe half work entry-level jobs such as food service, hospitality, and retail. 20 work office jobs at the base level. 10 work office jobs at an executive level. 5 are small business owners, and 5 are corporate CEOs. In this scenario, pay will stretch from around minimum wage hourly ($7.15 federal) to millions per year salary. Think of this as the situation we have now. A good mix of workers in different areas, different levels of pay and a (somewhat) median cost of living in between. Now, consider…