I was browsing the Chicago Tribune this morning and came across this story about a 17-year-old girl who is now making a $40,000 annual salary. She and a gentleman she met while posting on a message board about Web hosting, partnered up and created Switchpod. Switchpod lets users upload audio and video programs, like podcasts. There have a free service, and a pay service. Switchpod has been bought by Wizzard Software Corp., a company that specializes in speech recognition technology.
Aside from the fact that a highschooler is making more money than people I know with a college degree, the thing that caught my attention about this article was that ominous force we call Globalization. I've been deep in reading about globalization for the past month, and how the democratization of technology has made globaization possible and a force with which to be reckoned. Globalization destroys as much as it builds and develops, and technology is the driving force.
Technology has brought globaization to the computer screen of a 17-year-old high schooler in Florida. Globalization has made it possible for a 17-year-old entrepreneur to have an annual salary higher than those who have just graduated from college. Undergrads, mind you, not graduates.
Technology-driven globalization has spawned a generation of entrepreneurs who start Web businesses in the basement of their parents' homes inbetween homework, soccer practice and the school play. And this is normal to them. It's the American Dream fulfilled.
How can one argue with that?
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