(here's a follow up to the earlier post on Entrepreneurship as Resilience): In a world dominated by Mediocristan outcomes, employment is a function of long term planning, training and experience. People could spend a lifetime working in the same industry and doing the same thing. Further, it was possible to rely on the idea that things like pensions, health care, and a job would be there when you retire. That's gone. Entrepreneurship can provide a salve to this problem. It is a vital skill/mind set that allows you to rapidly pilot new strategies for income generation within a rapidly changing environment. Further, it assumes very little. If it doesn't work, try something else. If it does work, reap the rewards and go onto the next idea.
It's not easy, but we will have little choice! The danger of this kind of life is burning out, so you need first of all to be self-indulgent: that is, you need a lot of rest. This means scaling back your material ambitions.
Also in the future, going into debt for something you want will be a very short-term option. There will simply not be enough predictability to ensure you'll be able to service a longer-term loan. We will all need savings (remember them?) which we can call on when we need them. Most useful of all will be skills other people need. If you are in competition with others, then in a resource-constrained world your existence will be in constant peril. If you are able to help, your path will always be smoothed.
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