The Jobs Report Has a Blind Spot | Office Hours
Scott Galloway and Ed Elson discuss why headline jobs numbers miss the gig economy, offer cash flow advice for healthcare startups, and cover how to talk to adult kids about complicated family dynamics.
The gist
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The jobs report only counts W-2 employees, so 6 million new business applications last year, mostly solo ventures, are invisible to official figures.
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Galloway says most of the so-called entrepreneurship boom is freelance side work, not companies creating stable, well-paying jobs.
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For early-stage startups, Galloway recommends revenue-based factoring to borrow against future contracts or government payments without giving up equity.
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Galloway advises letting hard conversations with adult children happen naturally rather than pushing unresolved resentments onto them.
The Prof G Pod – Scott Galloway and This Week in Startups agree on 3 things
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See what they all swear by Or pick your own peopleAlso mentioned
6:18
Co-working
· "I think co-working is absolutely the way to go initially in a company, or if you can just work out of your..."
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