Tuesday, June 9, 2009

THE UP SIDE OF THE DOWN SIDE


This chart from the US Department of Labor shows the relationship among unemployment (grey dots), recession (pink bars) and notable moments of innovation (orange bubbles and green dots)

Recession and high periods of unemployment coincide with corporations battening down the hatches and focusing on their 'core' products and services today, leaving those unemployed or 'redundant' to build tomorrow. Hence, high periods of entrepreneurship in recession.


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