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Why the Draft Is Bad For Business

David Henderson:

Many of you who have made or are now making your fortunes would not have done so if the draft had been in the way. Consider Bill Gates, who in 1975 dropped out of Harvard to start Microsoft: during the draft years, young men like him who left college risked being certified as prime military meat. Computer programmers and other IT workers, who often do their best work relatively early in life, regularly drop out of college now because high-paying, interesting jobs beckon. If we still had the draft — even a peacetime draft — many wouldn’t have that chance.

People often wonder why today’s 20-somethings have such entrepreneurial spirit. One reason, I believe, is that a whole generation has grown up without the draft looming over its head.

via Marginal Revolution.

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