Entrepreneurs by obligation

New new or old new. The first time I decided to be an entrepreneur it was an option, the second time I decided to be an entrepreneur it was the only option.

How diminishing returns from scale economies will turn most knowledge intensive employees into entrepreneurs.

This theory is not mine. It was written 30 years ago when micro processors - computers started to simplify many tasks, AI is the exponential force recently added on top.

Basically high wage employment in offices was a defect of scale economies that started the past century in developed countries manufacturing and following services corporations. The factories had enormous surpluses in Western countries and enjoyed little global competition, meaning high wage employment to those with the right and scarce skill set. 🏭

The state of businesses for centuries previous to scale economies was highly decentralised and distributed, with many small private independent actors as moving forces.

Past century scale economies created over 10,000s people organizations.

Today computers - high calculation power, internet - high connectivity, and now AI - high automation, are the 3 forces that erode the margins of the scale organization. 💻 🌐 🤖

So we are going back as of today into a more entrepreneurial society by obligation and not optionality to make a living, prosper, enjoy security with more income streams, and go beyond State support or basic living standards. What once was offered by employment, today must be sought through doing business. Even in highly risk averse and traditional Western countries. 🔄

A book for reference "Blood in the Streets: Investments profits in a world gone mad " by James Dale Davidson and William Rees-Mogg.