There seems to have been a shift in what several young people aspire to be when they “grow up.” With more and more young people, particularly in the more traditionally westernized countries like Canada, England and the USA, aspiring to be Social Media Influencers, Twitch Streamers and Youtubers. And even at a university level, after having a conversation with some colleges at school and work, I noted that more people are accommodating the idea of venturing out of more traditional jobs and being their own bosses, which is very interesting because when I have the same conversations with people in my parents’ generation, I realize that they still see the world of business ownership and freelance media production as something taboo and a little too risky a career move for their child, and as a result advocate for the safer career options that require higher education and training.
In the last couple of years, I have realized that there has been a drastic shift in the thoughts that people have about entrepreneurship and starting businesses, and many young people seeing this as a new career path. This change could be based on the high rates of unemployment, especially in places like Ontario (which has one of the heist unemployment rates in Canada), the need to have multiple streams of income and even the media and its portrayal of the entrepreneurs as a glamorous thing. Never the less, there seems to be a spick in interest around the topic.
In particular, this year, according to an article by Forbes Magazine, 2018, had been deemed the “Year of Entrepreneur” (Pridham, 2018). The article suggests that there was concern about declines in the Entrepreneurship sector, but this year has seen a drastic increase in new entrepreneurial ventures. This information and other personal connections I have with entrepreneurship have sparked an interest in me about the increase in Entrepreneurship has done to Equity in people's incomes. More particularly if the emergence of Entrepreneurship has evened out the playing field for everyone, including the visible minorities, aboriginal peoples, the LGBTQ community and women.
In this post, I want to attempt to find out if entrepreneurship is promoting equity of people covered by the employment equity legislation: more specifically, if it is evening out the playing field for women concerning the wage gap (which is something important for me as a young female entrepreneur). An operational definition of Entrepreneurship would be a person who starts a business rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. Equity is the notion of fairness in resource distribution and reinforces that everyone needs to be given what they need to succeed.
The first article, “Entrepreneurship and income inequality: a spatial panel data analysis,” gives an empirical evaluation of the relationship