"Hello, this is EZ-Financing And Venture Capital. How may we give you money?"
"Hi, this is Bob, Entrepreneur Extraordinare. I have identified a great opportunity that I need financing to exploit. You see, I've discovered eighteen or twenty really bright, competent people who are either unemployed or underemployed."
"What do you mean?"
"Well, there's Bill, who discovered the gene for florescence and is currently working as a pick-up-and-drop-off driver for a car dealer [that one's true], and Frank the MIT PhD mechanical engineer who lives in the ally behind Wal-Mart. There's a bunch more."
"So, what's the nature of your opportunity?"
"I have nothing specific in mind, but I'm sure if I get this group in a room, they'll come up with something brilliant!"
("Oh, and I spell my name Danger."
click
"Hello?")
You'd be right that nobody wants to finance someone who has no plan.
Have you started a company some time? If so, would you ever start one for applying the work of underpaid overproductive third party workers?
I've never gotten a phone call inviting me to join the secret cartel of employers holding wages down. :-)
Right. But they would if there were a vast number of underpaid and overproductive workers, which is the thesis of the article.
> Enterprises need capital, risk taking, and several other factors that people don't just throw around.
Recognizing that there are a lot of underpaid yet overproducing workers and exploiting that is a form of arbitrage, and you can get financing for such a business plan. It's exactly the kind of opportunity investors are looking for.