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Scotland Nexus with USA


Scotland Nexus with USA

By: Steve Sadler, CEO of Allegiancy

September 19, 2014

As the CEO of a young startup company…I pay attention to a lot of things that are not directly linked to my daily tasks.

There has been a lot of press in recent months about the growing income divide between the haves and have nots in the US.  For those of us not exposed to the rarified air of Washington DC, New York City or Hollywood….and that is most regular folks out here in the real world…..we are seeing it in the parking lots of Wal-Mart or Food Lion as our neighbors struggle to make ends meet.

This is real.

There is another gap we need to think about the Age Divide…it is big, it is growing and it is likely to become a real problem. This really hit home for me in last night’s news about Scotland’s independence vote.

None of the main stream press seem particularly interested in this aspect…but did you notice that the younger set voted 71% for independence while the oldsters voted 73% for the status quo?

I suspect this is tightly linked to the decline in business formation and the fact that more US companies are dying than there are new ones being born.

In my view, this is a reflection of a couple of important things:

1) optimism and opportunity – startups are generally formed by younger people, and they are opting out and,

2) older employees are holding on longer, so there are fewer opportunities for the new kid on the block.

I wonder if the ‘powers that be’ in the establishment and status quo halls in DC and on Wall Street understand what the ramifications of this generational divide will be.

Do they think the younger generation will sit idly by and slavishly pay into the broken retirement and social security systems?

I certainly would not want to bet on it….the young people we employ at our firm are not so easily fooled. What are we going to do if the next generation simply chooses not to play the hand they have been dealt in this rigged game?

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