By Miriam • 14 years ago

Recession fueled youth entrepreneurship

Description of video content after the jump.
Campus Progress has an article, Getting Creative in the Great Recession, to go along with the video above. According to the article:

In October, unemployment for individuals ages 20-24 hit 15.6 percent, according to the Bureau of Labor Statistics.

It’s pretty sobering news for people in their early twenties. But not everyone is dealing with the difficult job climate in the same way. Some folks are using their under-employment as a motivation to try their hand at entrepreneurship.
Two friends of mine, Sara Fatell and Causten Wollerman, featured in the CP article and video are examples of this. They decided to start a socially conscious bakery that would cater meetings for the many DC based non-profits. Grassroots Gourmet was born.
I think we need more entrepreneurship like this. Don’t get me wrong, the recession is having a huge negative impact on our livelihoods and our economy, but we need more folks, especially young people, to think outside the box when it comes to their lives and work.
I’m proud of my friends for taking a leap and starting this business, giving it a shot in a tough time. It’s going to be creative solutions that help pull us out of this economic slump and I think young people are going to be a big part of that push.
Related:
Dreams of a feminist business

Campus Progress did not provide a transcript, but here is a short description of the video content.
Sara and Causten talking about why they started the business and the connection to the recession. Then talking about how their families inspired them to bake, and why the enjoy it. Being young and why it’s a good time to take risks. About the challenges of learning to start a business. Sara’s story of graduating and finding herself underemployed in a recession. Causten talking about his families struggle with un and underemployment. A discussion of how this recession is having positive impacts on our generation and our relationship with consumerism. The recession is a reality check. There are more of us in the struggle together.

Miriam

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