According to this article from Reid Hoffman, the UN thinks the world should create 600 million jobs over the next 10 years. Since entrepreneurs create companies that produce more jobs, they are looking towards us to be the main force driving success behind this giant task. This kind of growth undoubtedly requires tons of micro-entrepreneurs and high-impact folks to create companies that are scalable and fast-growing. Is this kind of growth possible within the (hopeful) 10 year time limit? Reid Hoffman doesn’t seem to think so. But I'm starting to think that if it's the slightest bit possible - entrepreneurs will be the ones to make it happen. Interested in what others have to say.
Learning Center View all courses >
I think this can be done by focusing on expansion using a decentralized (franchise) model rather than the usual centralized model. This means that the central office will have to give up a percentage of the profit since it will now be split among all the franchise offices.
In manufacturing this means pulling away from an automated(robot-driven) product construction model to a more human driven model. This creates jobs, stirs the local economies, enhances the local tax bases, and actually should enlarge the potential pool of sales targets for most moderate prices products.
So entrepreneurs that are hardware focused can do this, I don't think that software focused entrepreneurs, while still valuable, will have the same amount of impact on future employment.