“Will Dropouts Save America?” written by Michael Ellsberg for the New York Times highlights the ideas that millionaires such as Steve Jobs, Bill Gates, Mark Zuckerberg amongst many others were all college dropouts and yet managed to not only create notorious companies, but also jobs for many Americans. Ellsberg, also the author of “Education of Millionaires: It’s Not What You think and It’s Not Too Late,” strongly believes that the those who drop out of college will use their street-smart skills and real-world networking to create new businesses and therefore a job market for Americans.
The issue Ellsberg is concerned with is there are not enough jobs in the American market and concludes students who do not want to become doctors, lawyers, engineers, or professors should drop out of college and become entrepreneurs by starting their own business. This would then result in many job opportunities for American. He believes startup businesses are a great engine of job creation in America.
Ellsberg provides an array of reasons why students should drop out of college. He argues that our education system is hindering future entrepreneurs by not teaching them skill sets to be used in the real world. “Street-smart,” as is he says, cannot be taught in a classroom. Given the National Bureau of Economic Research’s findings that nearly all job creation in America come from startup businesses, Ellsberg feels skills like sales, networking, and creativity cannot be learned in the classroom. In addition, without a wide network of advisers, clients, vendors and talent, a start-up business will not get off the ground. You do not learn how to network “crouched over a desk studying for multiple-choice exam” as he puts it. Finally he states entrepreneurs must embrace failure; without knowing what is not going to work, one cannot succeed.
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