I believe this will be the next emerging economic shift in the United States. As we transition from predominantly manufacturing based economy to a service based economy - multiple streams of income will be necessary for those who wish to maintain current income levels. Jobs, like professional engineering, architecture,etc, will be competing globally not just assembly labor. So across the board salary & wages will be reduced to globally competitive levels. It will be important to focus on solid business principles and models for all aspects of income and in the future to maintain current levels of income multiple streams will be necessary. The "job" will most likely not be enough income to sustain current middle class income levels. It will more than likely require either multiple jobs or other income sources like business, investment, royalties, etc.
As far as doing it on a shoe-string - it has already been done multiple times and with internet commerce becoming seamless - you can be competing with brick & mortar commerce for very little time and investment. I heard a story recently (it might have been on this group) - a man wanted to make a million dollars before he left college. So he just started a simple blog (web - log) - I think the title was something along the lines of kensmilliondollarlist - something like that. He managed the blog while he was attending college and people posted millionaire related advice. Well four years lated he had his million but it took some work and learning on his part. If I am recalling the story correctly he was putting in over 80 hours a week on the blog by the 2nd year. So - it wasn't make a web-page and make a million. It took lots of intestinal fortitude (guts).
A web-page can be cheap to make - if you do it all yourself. However in the long run - that might end up costing you more than if you would have just paid the extra up front and had experts do it for you. So doing things on "shoestrings" are entirely possible - I might argue the risk - reward - return curve here. The little risk (time, money, sweat) usualy ends with little reward. But it is possible - build a better mouse-trap....
I hope this helps, God Bless, Ed R.
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