The coming 50 years of economic problems, in 3 charts
Everyone knows there’s plenty of economic inequality worldwide. But it’s about to get even worse, for decades on end, along with economic growth. There are a few reasons to feel pessimistic about the coming 50 years unless some serious policy changes are made, according to a report released Wednesday by the Organization for Economic Cooperation and Development.
Full Story: Vox
Principles to Remember
Emphasize what you have in common — it helps employees believe that their goals are aligned with yours
Share whatever information you can — when people feel trusted, they’ll trust you back
Admit mistakes and accept responsibility
Give orders — motivating employees to succeed on their own will earn you trust
Badmouth anyone — people will automatically assume you’ll also speak poorly of them when their backs are turned
Fake knowledge — employees need to see you are competent enough to admit what you don’t know
I think we, at a fundamental level, need to redefine the success metrics of capitalism. That they include three key ingredients: 1. Business, successful business, making money. The traditional form of success. 2. You have to be making a difference in the world, you have to be contributing in some way. 3. I think you need to be emotionally engaged in the work. You need to love the work. These three things aren’t, right now, considered the success metrics for capitalism
Don Quixote’s Lessons for Leadership
Cool Ideas: Fluentify
Fluentify is an webcam-based program that connects those who want to practice a foreign language with native speakers from around the world.
“The idea is to replicate real-life conversations with others who have interests similar to yours. This way, you’re not reading and memorizing out of a textbook, but actually having a conversation about what you read or like to eat.” (Policy Mic)
The Most Powerful Sales Tool at Lowe’s: Satellites
Lowe’s said on Wednesday that it has been gauging traffic at its almost 1,900 stores from space, scanning satellite images of its parking lots to find out how many shoppers it can expect at every hour of every day. It has also started syncing its parking lot observations with actual transaction counts to see how many people drove away without making a purchase.
Full Story: Business Week
The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.
According to the Oxford study, “occupations that involve complex perception and manipulation tasks, creative intelligence tasks, and social intelligence tasks are unlikely to be substituted by computer capital over the next decade or two.”