What if people with complimentary skills were to get together?
At the moment, we are seeing hundreds of thousands of highly skilled workers lose their jobs in different sectors. For instance, 21% of layoffs in Silicon Valley were in the tech sector. Some of which were among the most highly skilled. Today, UBS announced a further cut of 7,500 jobs in the financial sector.
Unfortunately, the same rings true across most industry sectors. More and more skilled people are out of a job. However, there is a great opportunity for new start-ups to emerge primarily because of the range of skilled workers that have recently been laid off.
This large pool of recently unemployed workers with complimentary skills in technology, marketing and finance has set the stage for start ups with a lot of potential and a solid founding team to breath some life into the economy.
The start-up option is very much on the table for the recently unemployed. The opportunity costs for a high skilled worker to take part in the start up process is much lower in 2009 than it was in 2007. The talent is there, the question is will people get to together with others that have complimentary skills are create the businesses that will drag the economy out of recession?
