knowledge worker

206 results back to index


pages: 350 words: 90,898

A World Without Email: Reimagining Work in an Age of Communication Overload by Cal Newport

Cal Newport, call centre, Claude Shannon: information theory, cognitive dissonance, collaborative editing, Compatible Time-Sharing System, computer age, COVID-19, creative destruction, data science, David Heinemeier Hansson, fault tolerance, Ford Model T, Frederick Winslow Taylor, future of work, Garrett Hardin, hive mind, Inbox Zero, interchangeable parts, it's over 9,000, James Watt: steam engine, Jaron Lanier, John Markoff, John Nash: game theory, Joseph Schumpeter, Kanban, Kickstarter, knowledge worker, Marshall McLuhan, Nash equilibrium, passive income, Paul Graham, place-making, pneumatic tube, remote work: asynchronous communication, remote working, Richard Feynman, rolodex, Salesforce, Saturday Night Live, scientific management, Silicon Valley, Silicon Valley startup, Skype, social graph, stealth mode startup, Steve Jobs, supply-chain management, technological determinism, the medium is the message, the scientific method, Tragedy of the Commons, web application, work culture , Y Combinator

As a result, the knowledge sector prefers to leave these processes unspecified, relying instead on the hyperactive hive mind workflow to informally organize their work. For sure, a major explanation for this process aversion is the insistence on knowledge worker autonomy that we explored earlier. Production processes, by definition, require rules about how work is coordinated. Rules reduce autonomy—creating friction with the belief that knowledge workers “must manage themselves,” as Peter Drucker commanded. This dislike of processes, however, goes beyond a general bias toward autonomy. There’s a belief, implicitly held by many knowledge workers, that the lack of processes in this sector is not just an unavoidable side effect of self-management, but actually a smart way to work.

Drucker argued this approach was doomed to fail in the new world of knowledge work, where productive output was created not by expensive equipment stamping out parts, but instead by cerebral workers applying specialized cognitive skills. Indeed, knowledge workers often knew more about their specialties than those who managed them. The best way to deploy these highly skilled individuals, Drucker concluded, was to give them clear objectives and then leave them alone to accomplish their brainy work however they saw fit. While it might have been efficient to tell an assembly line worker exactly how to install a steering wheel, it was futile to try to tell a marketing copywriter exactly how to brainstorm a new product slogan. Drucker preached this idea of knowledge worker autonomy throughout his long career.

Drucker preached this idea of knowledge worker autonomy throughout his long career. As late as 1999, he still emphasized its importance: [Knowledge work] demands that we impose the responsibility for their productivity on the individual knowledge workers themselves. Knowledge workers have to manage themselves. They have to have autonomy.35 It’s hard to overestimate the influence of this idea. With the exception of some routinized bureaucratic processes, like filing expense reports, the intricacies of how the myriad demanding tasks that define modern office work are accomplished remain largely beyond the scope of management. They’re pushed instead into the hazy realm of personal productivity.


pages: 347 words: 97,721

Only Humans Need Apply: Winners and Losers in the Age of Smart Machines by Thomas H. Davenport, Julia Kirby

"World Economic Forum" Davos, AI winter, Amazon Robotics, Andy Kessler, Apollo Guidance Computer, artificial general intelligence, asset allocation, Automated Insights, autonomous vehicles, basic income, Baxter: Rethink Robotics, behavioural economics, business intelligence, business process, call centre, carbon-based life, Clayton Christensen, clockwork universe, commoditize, conceptual framework, content marketing, dark matter, data science, David Brooks, deep learning, deliberate practice, deskilling, digital map, disruptive innovation, Douglas Engelbart, driverless car, Edward Lloyd's coffeehouse, Elon Musk, Erik Brynjolfsson, estate planning, financial engineering, fixed income, flying shuttle, follow your passion, Frank Levy and Richard Murnane: The New Division of Labor, Freestyle chess, game design, general-purpose programming language, global pandemic, Google Glasses, Hans Lippershey, haute cuisine, income inequality, independent contractor, index fund, industrial robot, information retrieval, intermodal, Internet of things, inventory management, Isaac Newton, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joi Ito, Khan Academy, Kiva Systems, knowledge worker, labor-force participation, lifelogging, longitudinal study, loss aversion, machine translation, Mark Zuckerberg, Narrative Science, natural language processing, Nick Bostrom, Norbert Wiener, nuclear winter, off-the-grid, pattern recognition, performance metric, Peter Thiel, precariat, quantitative trading / quantitative finance, Ray Kurzweil, Richard Feynman, risk tolerance, Robert Shiller, robo advisor, robotic process automation, Rodney Brooks, Second Machine Age, self-driving car, Silicon Valley, six sigma, Skype, social intelligence, speech recognition, spinning jenny, statistical model, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, superintelligent machines, supply-chain management, tacit knowledge, tech worker, TED Talk, the long tail, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Watson beat the top human players on Jeopardy!, Works Progress Administration, Zipcar

The obvious peril in Era Three is more job loss. This time the potential victims are not tellers and tollbooth collectors, much less farmers and factory workers, but rather all those “knowledge workers” who assumed they were immune from job displacement by machines. People like the writers and readers of this book. Knowledge Workers’ Jobs Are at Risk The management consulting firm McKinsey thinks a lot about knowledge workers; they make up essentially 100 percent of its own ranks as well as its clientele. When its research arm, the McKinsey Global Institute, issued a report on the disruptive technologies that would most “transform life, business, and the global economy” in the next decade, it included the automation of knowledge work.

They might finally lead to that fifteen-hour workweek. But our belief is that they will—and should—follow the path blazed by spreadsheets. Instead of replacing knowledge workers, they should give them more to think about. Some decisions and actions may be taken by automated systems, but that should free up knowledge workers to accomplish larger and more important tasks. Of course, there is a downside to working as much as knowledge workers tend to (particularly in the United States) today. But there is perhaps an even greater downside to not working enough or at all. The price we have to pay for thinking expansively about work is never having enough time to do it all.

When its research arm, the McKinsey Global Institute, issued a report on the disruptive technologies that would most “transform life, business, and the global economy” in the next decade, it included the automation of knowledge work. Having studied typical job compositions in seven categories of knowledge workers (professionals, managers, engineers, scientists, teachers, analysts, and administrative support staff), McKinsey predicts dramatic change will have already taken hold by 2025. The bottom line: “we estimate that knowledge work automation tools and systems could take on tasks that would be equal to the output of 110 million to 140 million full-time equivalents (FTEs).”3 Since we’ll continue to use the term “knowledge workers” quite a bit, we should pause to define who these people are. In Tom’s 2005 book, Thinking for a Living, he described them as workers “whose primary tasks involve the manipulation of knowledge and information.”4 Under that definition, they represent a quarter to a half of all workers in advanced economies (depending on the country, the definition, and the statistics you prefer), and they “pull the plow of economic progress,” as Tom put it then.


pages: 166 words: 53,103

Slack: Getting Past Burnout, Busywork, and the Myth of Total Efficiency by Tom Demarco

Brownian motion, delayed gratification, Frederick Winslow Taylor, interchangeable parts, knowledge worker, new economy, risk tolerance, scientific management, Silicon Valley, Silicon Valley startup, Steve Jobs, The Soul of a New Machine, Yogi Berra

In my experience, there is never less than a 15 percent penalty due to time-sharing a knowledge worker between two or more tasks. Moving a person who had been assigned to a single job to work part-time on a second exposes you to a loss of at least six hours per week of that person’s time. And the penalty is greater when the partitioning is greater. I limit this statement to knowledge workers, since manual and blue-collar workers may not be affected, or may be less affected, by some of the components of the task-switching penalty. For knowledge workers, though, the minimum penalty is 15 percent. The only method I have used so far to substantiate the 15 percent minimum penalty is a time-honored approach called proof by repeated assertion.

Part Four Risk taking and risk management: Why running away from risk is a no-win strategy, and why running toward it makes sense when managed sensibly (and what that entails). Slack is directed toward management at all levels in knowledge organizations and other modern corporations where knowledge workers predominate. It is also directed to the knowledge workers themselves. It’s directed toward you if you sense that there is something terribly wrong in the infernal busyness of the modern workplace, if you know in your heart that the slack that has been squeezed out of your organizations over the last ten years now has to be reintroduced, or no further meaningful progress will ever be possible.

Growth is essential to Eve, as essential as her paycheck. You can no more expect her to work without meaningful challenge than you could expect her to work without salary. The nearly equal status of challenge and pay is unique to knowledge workers. They are different from the blue-collar workers that our fathers managed a generation ago. The easy, dumb error of managing knowledge workers is to forget that they are different and assume that basic rules developed on factory floors a century ago apply to them. The Nonprofit Model I had occasion recently to manage a small not-for-profit organization where most of the work was done by volunteers.


Deep Work: Rules for Focused Success in a Distracted World by Cal Newport

8-hour work day, Albert Einstein, barriers to entry, behavioural economics, Bluma Zeigarnik, business climate, Cal Newport, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, David Brooks, David Heinemeier Hansson, deliberate practice, digital divide, disruptive innovation, do what you love, Donald Knuth, Donald Trump, Downton Abbey, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, experimental subject, follow your passion, Frank Gehry, Hacker News, Higgs boson, informal economy, information retrieval, Internet Archive, Jaron Lanier, knowledge worker, Mark Zuckerberg, Marshall McLuhan, Merlin Mann, Nate Silver, Neal Stephenson, new economy, Nicholas Carr, popular electronics, power law, remote working, Richard Feynman, Ruby on Rails, seminal paper, Silicon Valley, Silicon Valley startup, Snapchat, statistical model, the medium is the message, Tyler Cowen, Watson beat the top human players on Jeopardy!, web application, winner-take-all economy, work culture , zero-sum game

The ubiquity of deep work among influential individuals is important to emphasize because it stands in sharp contrast to the behavior of most modern knowledge workers—a group that’s rapidly forgetting the value of going deep. The reason knowledge workers are losing their familiarity with deep work is well established: network tools. This is a broad category that captures communication services like e-mail and SMS, social media networks like Twitter and Facebook, and the shiny tangle of infotainment sites like BuzzFeed and Reddit. In aggregate, the rise of these tools, combined with ubiquitous access to them through smartphones and networked office computers, has fragmented most knowledge workers’ attention into slivers.

In aggregate, the rise of these tools, combined with ubiquitous access to them through smartphones and networked office computers, has fragmented most knowledge workers’ attention into slivers. A 2012 McKinsey study found that the average knowledge worker now spends more than 60 percent of the workweek engaged in electronic communication and Internet searching, with close to 30 percent of a worker’s time dedicated to reading and answering e-mail alone. This state of fragmented attention cannot accommodate deep work, which requires long periods of uninterrupted thinking. At the same time, however, modern knowledge workers are not loafing. In fact, they report that they are as busy as ever. What explains the discrepancy? A lot can be explained by another type of effort, which provides a counterpart to the idea of deep work: Shallow Work: Noncognitively demanding, logistical-style tasks, often performed while distracted.

Benn needed to learn a hard skill, and needed to do so fast. It’s here that Benn ran into the same problem that holds back many knowledge workers from navigating into more explosive career trajectories. Learning something complex like computer programming requires intense uninterrupted concentration on cognitively demanding concepts—the type of concentration that drove Carl Jung to the woods surrounding Lake Zurich. This task, in other words, is an act of deep work. Most knowledge workers, however, as I argued earlier in this introduction, have lost their ability to perform deep work. Benn was no exception to this trend.


pages: 209 words: 80,086

The Global Auction: The Broken Promises of Education, Jobs, and Incomes by Phillip Brown, Hugh Lauder, David Ashton

active measures, affirmative action, An Inconvenient Truth, barriers to entry, Branko Milanovic, BRICs, business process, business process outsourcing, call centre, classic study, collective bargaining, corporate governance, creative destruction, credit crunch, David Ricardo: comparative advantage, deindustrialization, deskilling, disruptive innovation, Dutch auction, Ford Model T, Frederick Winslow Taylor, full employment, future of work, glass ceiling, global supply chain, Great Leap Forward, immigration reform, income inequality, industrial cluster, industrial robot, intangible asset, job automation, Jon Ronson, Joseph Schumpeter, knowledge economy, knowledge worker, low skilled workers, manufacturing employment, market bubble, market design, meritocracy, neoliberal agenda, new economy, Paul Samuelson, pensions crisis, post-industrial society, profit maximization, purchasing power parity, QWERTY keyboard, race to the bottom, Richard Florida, Ronald Reagan, shared worldview, shareholder value, Silicon Valley, sovereign wealth fund, stem cell, tacit knowledge, tech worker, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, Thomas L Friedman, trade liberalization, transaction costs, trickle-down economics, vertical integration, winner-take-all economy, working poor, zero-sum game

Smokestack industries had given way to California’s Silicon Valley and Route 128 in Boston. Working-class occupations were in decline as a larger share of the workforce joined the burgeoning ranks of knowledge workers. Peter Drucker, a leading management guru, wrote of another power shift from the owners and managers of capital to knowledge workers, as the prosperity of individuals, companies, and nations came to depend on the application of knowledge. Knowledge workers were gaining the upper hand because “the firm’s most valuable knowledge capital tends to reside in the brains of its key workers, and ownership of people went out with the abolition of slavery.”10 This required a new approach to management within a dynamic global environment.

See mass production mechatronics, 101, 174n27 knowledge economy, 15, 20, 25, 79 knowledge transfer, 70 knowledge wars, 19–23, 28, 30–36, 32, 38, mental revolution, 71 meritocracy, 9, 18, 133–36, 146, 182n3, 187n31 40–41, 43–48, 59, 123, 150–51, 158–59, 164, 168n3. See also knowledge workers; knowledge-driven economy knowledge workers, 6, 8–9, 18–19, 66, 68, 72–76, 80–82, 84, 96, 99, 104, 108, 110–12, 123, 126–27, 137–38, 147–48, Mexico, 35 MG Rover, 42 Michaels, Ed, 85–86, 93, 176n8 micromanagement, 74 middle class as agrarian peasants, 182n48 153, 159, 180n17. See also knowledge wars; knowledge-driven economy knowledge-driven economy, 2, 4–5, 23–27, 37, 65–68, 85, 96, 155, 173n9. See also knowledge wars; knowledge workers 194 labor arbitrage, 97, 99, 106–7, 111, 159 Index Brazil, 182n43 China, 2, 130 corporate profits, 110 downward mobility, 138 emerging economies, 130–31 erosion of benefits, 121–22 financial crash of 2008, 6 global, 128–29, 130, 131 Nike, 102 global poverty, 182n43 globalization, 47–48 growth of, 18 income inequalities, 9, 118–19, 120 income stagnation, 5 Obama, Barack, 3, 23, 27, 147 OECD (Organisation for Economic Co-operation and Development), 31, 35, 91, 109, 149, 168n2 office management, 72, 127 India, 2, 30, 34, 130 Italy, 130, 182n43 mechanical Taylorism, 81 offshoring, 109, 152 offshoring, 8, 46, 51–52, 55–56, 60, 73, 75, 77–78, 90–93, 99, 107–11, 119, 129, 152, 170–71n2, 180n17 Ohmae, Kenichi, 104–5 opportunity bargain, 132 opportunity gap, 141 opportunity bargain American Dream, 27, 132 oasis operations, 64 opportunity trap, 143 politics of more, 186n16 positional conflict, 134 bidding wars, 183–84n22 corporate profits, 124 credentials, 184–85n2 prosperity, 2 purchasing power parity (PPP), 129, 131 development of, 4–6 digital Taylorism, 65, 155 quality-cost revolution, 59 salaries, 118–19, 120 soft currencies, 140–41 economy of hope, 148–49, 164 education and, 4–6, 27–28 and the global auction, 132 war for talent, 84, 91, 96–97 Mills, C.

It encourages the segmentation of talent in ways that reserve permission to think to a small proportion of elite employees responsible for driving the business forward, functioning cheek by jowl with equally wellqualified workers in more Taylorized jobs. Many knowledge workers may disappear off the talent radar screen. This process is at an early stage in many organizations, as we’ve already indicated, but we can distinguish three types of knowledge worker: developers, demonstrators, and drones. Developers include the high potentials and top performers discussed in the next chapter. They represent no more than 10–15 percent of an organization’s workforce given “permission to think” and include senior researchers, managers, and professionals.


pages: 314 words: 94,600

Business Metadata: Capturing Enterprise Knowledge by William H. Inmon, Bonnie K. O'Neil, Lowell Fryman

affirmative action, bioinformatics, business cycle, business intelligence, business process, call centre, carbon-based life, continuous integration, corporate governance, create, read, update, delete, database schema, en.wikipedia.org, folksonomy, informal economy, knowledge economy, knowledge worker, semantic web, tacit knowledge, The Wisdom of Crowds, web application

Is this the same type of experience that people would have if they were unable to find information to do their jobs? 4.4.1.1 Information and “Knowledge Workers” Peter Drucker first created the term “knowledge worker” in the late 1950s and early 1960s. The economy of the twenty-first century is an information economy, and most workers today are knowledge workers who produce abstract work products consisting mainly of information, not tangible items like cars or pencils. Therefore, the know-how of the knowledge worker is not necessarily knowledge of everything, but knowing where to find it. Samuel Johnson, who compiled the first English dictionary in the 1700s, said: 66 Chapter 4 Business Metadata, Communication, and Search Figure 4.4 Searching for a Needle in a Haystack.

. ✦ The average knowledge worker spends 2.5 hours/day (30%) searching for information. ✦ The enterprise employs 1000 knowledge workers. ✦ 50% of information is not centrally indexed (housed in silos as on someone’s notebook computer or a database). ✦ 50% of Web searches fail/are abandoned. 4.4.2.3 Employee Time Wasted Based on these assumptions, Feldman calculated that the enterprise wastes $48,000 per week, or almost $2.5 million a year in searches. This number is an estimate only; she did not factor in employee vacations. 4.4.2.4 Duplicating/Reworking Information Knowledge workers inadvertently re-create information because they can’t access the original work products.

Here is IAIDQ’s definition of information quality (three separate definitions are given, one having two components): Information quality: (1) Consistently meeting all knowledge worker and end-customer expectations in all quality characteristics of the information products and services required to accomplish the enterprise mission (internal knowledge worker) or personal objectives (end customer). (2) The degree to which information consistently meets the requirements and expectations of all knowledge workers who require it to perform their processes. (Larry English, noted data and information quality expert and author) Information Quality: The fitness for use of information; information that meets the requirements of its authors, users, and administrators.


pages: 261 words: 10,785

The Lights in the Tunnel by Martin Ford

Alan Greenspan, Albert Einstein, Bear Stearns, Bill Joy: nanobots, Black-Scholes formula, business cycle, call centre, carbon tax, cloud computing, collateralized debt obligation, commoditize, Computing Machinery and Intelligence, creative destruction, credit crunch, double helix, en.wikipedia.org, factory automation, full employment, income inequality, index card, industrial robot, inventory management, invisible hand, Isaac Newton, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, knowledge worker, low skilled workers, mass immigration, Mitch Kapor, moral hazard, pattern recognition, prediction markets, Productivity paradox, Ray Kurzweil, Robert Solow, Search for Extraterrestrial Intelligence, Silicon Valley, Stephen Hawking, strong AI, technological singularity, the long tail, Thomas L Friedman, Turing test, Vernor Vinge, War on Poverty, warehouse automation, warehouse robotics

There is no need for robotic arms or, in fact, any moving parts at all. Another, more common, term for people with software jobs is, of course, knowledge worker. Software jobs are also highly subject to offshoring. The conventional wisdom used to be that becoming a knowledge worker represented the best path to a prosperous future. The advent of offshoring has increasingly called this proposition into question. Today, offshoring is impacting knowledge workers across the board. Jobs in fields such as radiology, accounting, tax preparation, graphic design, and especially all types of information technology are already being shipped to India and to other countries.

In fact, we can reasonably say that software jobs (or knowledge worker jobs) are typically high paying jobs. This creates a very strong incentive for businesses to offshore and, when possible, automate these jobs. Another point we can make is that there is really no relationship between how much training is required for a human being, and how difficult it is to automate the job. To become a lawyer or a radiologist requires both college and graduate degrees, but this will not hold off automation. It is a relatively simple matter to program accumulated knowledge into an algorithm or enter it into a database. For knowledge workers, there is really a double dose of bad news.

Not only are their jobs potentially easier to automate than other job types because no investment in mechanical equipment is required; but also, the financial incentive for getting rid of the job is significantly higher. As a result, we can expect that, in the future, automation will fall heavily on knowledge workers and in particular on highly paid workers. In cases where technology is not yet sufficient to automate the job, offshoring is likely to be pursued as a interim solution. Given this reality, it may be that the simulation we performed in Chapter 1 was actually somewhat conservative. Look back at the table listing traditional jobs. Very few of these people are knowledge workers. In our simulation, we assumed that automation would fall evenly on some significant percentage of the average lights in the tunnel.


pages: 460 words: 131,579

Masters of Management: How the Business Gurus and Their Ideas Have Changed the World—for Better and for Worse by Adrian Wooldridge

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Alan Greenspan, barriers to entry, behavioural economics, Black Swan, blood diamond, borderless world, business climate, business cycle, business intelligence, business process, carbon footprint, Cass Sunstein, Clayton Christensen, clean tech, cloud computing, collaborative consumption, collapse of Lehman Brothers, collateralized debt obligation, commoditize, company town, corporate governance, corporate social responsibility, creative destruction, credit crunch, crowdsourcing, David Brooks, David Ricardo: comparative advantage, disintermediation, disruptive innovation, do well by doing good, don't be evil, Donald Trump, Edward Glaeser, Exxon Valdez, financial deregulation, Ford Model T, Frederick Winslow Taylor, future of work, George Gilder, global supply chain, Golden arches theory, hobby farmer, industrial cluster, intangible asset, It's morning again in America, job satisfaction, job-hopping, joint-stock company, Joseph Schumpeter, junk bonds, Just-in-time delivery, Kickstarter, knowledge economy, knowledge worker, lake wobegon effect, Long Term Capital Management, low skilled workers, Mark Zuckerberg, McMansion, means of production, Menlo Park, meritocracy, Michael Milken, military-industrial complex, mobile money, Naomi Klein, Netflix Prize, Network effects, new economy, Nick Leeson, Norman Macrae, open immigration, patent troll, Ponzi scheme, popular capitalism, post-industrial society, profit motive, purchasing power parity, radical decentralization, Ralph Nader, recommendation engine, Richard Florida, Richard Thaler, risk tolerance, Ronald Reagan, science of happiness, scientific management, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Steven Levy, supply-chain management, tacit knowledge, technoutopianism, the long tail, The Soul of a New Machine, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Hsieh, too big to fail, vertical integration, wealth creators, women in the workforce, young professional, Zipcar

Drucker’s enthusiasm for empowerment was reinforced by his belief that the old industrial proletariat was being replaced by knowledge workers. He believed that the advanced world was moving from “an economy of goods” to “a knowledge economy,” and that management was changing as a result: managers needed to learn how to engage the minds, rather than simply control the hands, of their workers. This softer approach was a direct challenge to Taylor’s stopwatch theories and their fans in business. But the idea of a “knowledge worker” (a term that Drucker coined in 1959) also posed questions for politicians. It suggested that rather than defending dying industries against cheaper, less “knowledgeable” workers abroad, governments should concentrate on improving the country’s stock of knowledge, but otherwise keep well out of the way.

It suggested that rather than defending dying industries against cheaper, less “knowledgeable” workers abroad, governments should concentrate on improving the country’s stock of knowledge, but otherwise keep well out of the way. Drucker did not confine himself to the question of how managers and governments ought to handle these new knowledge workers. He spent much of his career looking at how the knowledge workers themselves could come to terms with this new world in which they were neither workers nor bosses. Knowledge workers have much more freedom than old-fashioned workers because they control the most important productive asset of modern society: their brainpower. Brainworkers are free, or, in the jargon that Drucker did not invent but unfortunately helped to legitimize, “empowered” to shape their own careers, hopping from firm to firm in pursuit of the highest salary or the most interesting job.

Brainworkers are free, or, in the jargon that Drucker did not invent but unfortunately helped to legitimize, “empowered” to shape their own careers, hopping from firm to firm in pursuit of the highest salary or the most interesting job. But freedom could be destabilizing as well as liberating: knowledge workers needed more training and different pension arrangements, for example. Drucker knew whereof he spoke: an itinerant Mittel-European who had dabbled in banking and journalism and always remained ambivalent about America’s hyperspecialized academic system, he was an archetypical knowledge worker. But he was a knowledge worker with a growing number of acolytes in the real world. The younger Henry Ford took The Concept of the Corporation as his text when he tried to rebuild his company after the war.


pages: 463 words: 115,103

Head, Hand, Heart: Why Intelligence Is Over-Rewarded, Manual Workers Matter, and Caregivers Deserve More Respect by David Goodhart

active measures, Airbnb, Albert Einstein, assortative mating, basic income, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, Boris Johnson, Branko Milanovic, Brexit referendum, British Empire, call centre, Cass Sunstein, central bank independence, centre right, computer age, corporate social responsibility, COVID-19, data science, David Attenborough, David Brooks, deglobalization, deindustrialization, delayed gratification, desegregation, deskilling, different worldview, Donald Trump, Elon Musk, emotional labour, Etonian, fail fast, Fall of the Berlin Wall, Flynn Effect, Frederick Winslow Taylor, future of work, gender pay gap, George Floyd, gig economy, glass ceiling, Glass-Steagall Act, Great Leap Forward, illegal immigration, income inequality, James Hargreaves, James Watt: steam engine, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, labour market flexibility, lockdown, longitudinal study, low skilled workers, Mark Zuckerberg, mass immigration, meritocracy, new economy, Nicholas Carr, oil shock, pattern recognition, Peter Thiel, pink-collar, post-industrial society, post-materialism, postindustrial economy, precariat, reshoring, Richard Florida, robotic process automation, scientific management, Scientific racism, Skype, social distancing, social intelligence, spinning jenny, Steven Pinker, superintelligent machines, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, The Rise and Fall of American Growth, Thorstein Veblen, twin studies, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, upwardly mobile, wages for housework, winner-take-all economy, women in the workforce, young professional

Clearly some of the value of Teach First has been in attracting more able young people with top degrees back into teaching, but wherever it has been tried it has usually been accompanied by other changes, such as breaking the monopoly of teacher training in education faculties and generally disrupting groupthink in public service professions. A concluding observation: the knowledge worker is increasingly a female worker. The rise and rise of the knowledge worker in the last three decades is also, in part, about the rise and rise of the female professional. Women in the United Kingdom have not only caught up with but overtaken men in jobs that require higher education. In 1997, 28 percent of men and 23 percent of women were in such jobs.

Artisanal skills are also being rediscovered in some corners of the economy, especially in food and drink production, often by affluent young professionals. Indeed, a shift away from Head and toward Hand and Heart seems to be programmed into many of the biggest social and economic trends: in the knowledge economy’s declining appetite for all but the most able knowledge workers; the growing concern for place and environmental protection, including more labor-intensive organic farming; and the inevitable expansion of care functions of various kinds in an aging society. These are trends that are likely to be reinforced by the Covid-19 crisis, which revealed that most of the “key workers” who support our daily lives were Hand and Heart workers, mainly people without university degrees.

Political parties of both the center-left and center-right have taken as axiomatic that modern society will see a continuing expansion of secure, middle-class, professional graduate jobs. Both education and social mobility policy are based on this assumption. Yet it is almost certainly wrong. The knowledge economy does not need an ever-growing supply of knowledge workers. (See Chapter Nine.) It still needs a top layer of the cognitively most able and original, but much of the work required of middle ranking professionals is already substantially routinized, a kind of digital Taylorism. The American economist Paul Krugman spotted this back in 1996. Writing for the New York Times but imagining himself looking back from one hundred years in the future, he saw that manipulating information was going to lose its value: “The long-ago prophets of the information age seem to have forgotten basic economics… A world awash in information is one in which information has very little market value.


Bootstrapping: Douglas Engelbart, Coevolution, and the Origins of Personal Computing (Writing Science) by Thierry Bardini

Apple II, augmented reality, Bill Duvall, Charles Babbage, classic study, Compatible Time-Sharing System, Computing Machinery and Intelligence, conceptual framework, Donald Davies, Douglas Engelbart, Douglas Engelbart, Dynabook, experimental subject, Grace Hopper, hiring and firing, hypertext link, index card, information retrieval, invention of hypertext, Ivan Sutherland, Jaron Lanier, Jeff Rulifson, John von Neumann, knowledge worker, Leonard Kleinrock, Menlo Park, military-industrial complex, Mother of all demos, Multics, new economy, Norbert Wiener, Norman Mailer, packet switching, Project Xanadu, QWERTY keyboard, Ralph Waldo Emerson, RAND corporation, RFC: Request For Comment, Sapir-Whorf hypothesis, Silicon Valley, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stochastic process, Ted Nelson, the medium is the message, theory of mind, Turing test, unbiased observer, Vannevar Bush, Whole Earth Catalog, work culture

Engelbart believed that the activity of the knowledge worker actually in- volves "core" processes that for the most part are not themselves highly spe- cialized: "a record of how this person used his time, even if his work was highly specialized, would show that specialized work . . . while vital to his ef- fectiveness, probably occupied a small fraction of his time and effort" (ibid., 10). If so, that meant knowledge workers didn't have to be isolated from each other, segregated by the specific demands of the software necessary to their individual tasks. Instead, they could use a common interface and be connected into a network that would link the user with other users. Envisioning the user as a knowledge worker and conceptualizing the knowledge worker in this par- ticular way allowed Engelbart to begin to see a way in which one central aspect of his crusade could be realized.

One way Engelbart sought to exert influence over "the human side" was by developing what he called "the augmented knowledge workshop," "the place in which knowledge workers do their work" (Engelbart, Watson, and Norton 1973, 9). This application of the bootstrapping principle was used between 1965 and 1968 to add another dimension to the ARC lab's conceptualization of the virtual user. Engelbart believed that the activity of the knowledge worker actually in- volves "core" processes that for the most part are not themselves highly spe- cialized: "a record of how this person used his time, even if his work was highly specialized, would show that specialized work . . . while vital to his ef- fectiveness, probably occupied a small fraction of his time and effort" (ibid., 10).

If you were will- Ing to put In these ten hours of effort, and also you had to be a little bIt adaptable. You had to be a computer person. (Kay 1992) Thus, the knowledge worker again became a "computer person," but this time it was not the sort of computer person who had undergone the transforma- tions of the bootstrapping enterprise within the community that had evolved within the ARC lab at SRI, but real computer users. What had seemed the most "natural" group of people to start augmenting now became the only group augmented: the knowledge worker became a generic programmer again. The growth of the number of potential users via the ARPANET quickly re- vealed what some considered to be technological flaws in the system: The communIcation, in our lab [ARC at SRI], was very high performance. . . a quarter second response was not at all unusual.


pages: 248 words: 73,689

Age of the City: Why Our Future Will Be Won or Lost Together by Ian Goldin, Tom Lee-Devlin

15-minute city, 1960s counterculture, agricultural Revolution, Alvin Toffler, Anthropocene, anti-globalists, Berlin Wall, Bonfire of the Vanities, Brixton riot, call centre, car-free, carbon footprint, Cass Sunstein, charter city, Chuck Templeton: OpenTable:, clean water, cloud computing, congestion charging, contact tracing, coronavirus, COVID-19, CRISPR, data science, David Brooks, David Ricardo: comparative advantage, decarbonisation, deindustrialization, Deng Xiaoping, desegregation, Edward Glaeser, Edward Jenner, Enrique Peñalosa, fake news, Fall of the Berlin Wall, financial engineering, financial independence, future of work, General Motors Futurama, gentrification, germ theory of disease, global pandemic, global supply chain, global village, Haight Ashbury, Hernando de Soto, high-speed rail, household responsibility system, housing crisis, Howard Rheingold, income per capita, Induced demand, industrial robot, informal economy, invention of the printing press, invention of the wheel, Jane Jacobs, Jeff Bezos, job automation, John Perry Barlow, John Snow's cholera map, Kickstarter, knowledge economy, knowledge worker, labour mobility, Lewis Mumford, lockdown, Louis Pasteur, low interest rates, low skilled workers, manufacturing employment, Marshall McLuhan, mass immigration, megacity, Neal Stephenson, Network effects, New Urbanism, offshore financial centre, open borders, open economy, Pearl River Delta, race to the bottom, Ray Oldenburg, remote working, rent control, Republic of Letters, Richard Florida, ride hailing / ride sharing, rising living standards, Salesforce, Shenzhen special economic zone , smart cities, smart meter, Snow Crash, social distancing, special economic zone, spinning jenny, Steve Jobs, Stewart Brand, superstar cities, the built environment, The Death and Life of Great American Cities, The Great Good Place, The Wealth of Nations by Adam Smith, trade liberalization, trade route, Upton Sinclair, uranium enrichment, urban decay, urban planning, urban sprawl, Victor Gruen, white flight, working poor, working-age population, zero-sum game, zoonotic diseases

Inequality has risen in most metropolitan areas in the United States since 1980, but it has risen fastest in large, thriving cities like New York, San Francisco and Chicago, where it is now much higher than the national average.25 Wages for high-skilled knowledge workers in these places have soared, but pay for the low-skilled service workers supporting them has languished, a gulf that is compounded by the rapidly rising cost of living in these cities. As knowledge workers have flocked to gentrifying inner cities in recent decades, these global metropolises have increasingly come to resemble ivory towers, with a highly concentrated core of prosperity served by a sprawling periphery of disadvantage.

In one global survey in 2021, a quarter of workers never wanted to go into the office again, while another quarter never wanted to work from home again; the remaining half preferred some kind of middle ground.6 With time we expect that the downsides of remote working – for employee experience and company performance – will lead many companies to increase the share of days that staff are expected to be present in the office. That will place a ceiling on how far away these workers can move. And many knowledge workers with the financial means to do so have chosen to continue living in urban centres despite a shorter commute no longer offering the same advantage. As argued in Chapter 4, the lifestyle of the inner city, with its cultural variety and ease of access to a wide range of services, is a major factor in the appeal of these neighbourhoods. Equally, cities have no cause for complacency. The exodus of knowledge workers from inner cities may well have peaked, but the transition to hybrid arrangements will still have significant implications for offices, public transport systems and municipal finances.

The result is that companies in many fast-growing industries want to be located in cities where they feel confident they can access the types of skills they require. This further reinforces the benefit to workers from locating in such areas, in a virtuous cycle of increasing talent density. A second reason for the increasing strength of agglomeration effects is the way in which knowledge workers in particular become more productive when located near to one another. Information may be more available than ever, but the evidence suggests that it still tends to flow largely through in-person networks, spurred on by casual encounters within and outside the workplace. Inventors filing for patents are twice as likely to cite patents from their own city than from other places, even after excluding those generated within the same company.25 The physical proximity of people in cities is particularly important when it comes to drawing inspiration and knowledge from diverse fields.


pages: 244 words: 66,599

Insanely Great: The Life and Times of Macintosh, the Computer That Changed Everything by Steven Levy

Apple II, Apple's 1984 Super Bowl advert, Bill Atkinson, computer age, Computer Lib, conceptual framework, Do you want to sell sugared water for the rest of your life?, Douglas Engelbart, Douglas Engelbart, Dynabook, General Magic , Howard Rheingold, HyperCard, information retrieval, information trail, Ivan Sutherland, John Markoff, John Perry Barlow, Kickstarter, knowledge worker, Marshall McLuhan, Mitch Kapor, Mother of all demos, Pepsi Challenge, Productivity paradox, QWERTY keyboard, reality distortion field, rolodex, Silicon Valley, skunkworks, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Ted Nelson, The Home Computer Revolution, the medium is the message, Vannevar Bush

In 1973, enchanted by the ideas of economist Peter Drucker, he coauthored a paper called "The Augmented Knowledge Workshop," which was based on the idea, formulated by Drucker, that information was destined to be the fulcrum of the economy. "By 1960," wrote Engelbart, "the largest single group [of Americans] was professional, managerial, and technical-that is knowledge workers. By 1975-1980 this group will embrace the majority of Americans." It was these knowledge workers who would sit in the cybercockpits of the Engelbart augmentation scheme: as he termed it, "the office of the future." Knowledge workers. The office of the future. These twO catch phrases would later be appropriated by the marketers charged with selling the Macintosh. But Engelbart's bosses at SRI weren't concerned with marketing his product.

''A computer for the rest of us." Now, the bulk of people-those who would drive the curve up to the mountain peak, and ring the curve-shaped bell-would be computer customers. These, he would say, echoing Doug Engelbarr's prediction of a decade before, were the knowledge workers-the target market for the Mac. "Our definition of knowledge worker is someone who sits behind a desk and plans to take information and crunch it with ideas," he'd say. Then he would mention the philosophical dream: "The philosophical dream is How can we do something that will improve people's lives?" Murray would pause and confide that, "You don't find that in any other computer company."

Poor Barbara Koalkin had to pry me away from the machine in order to give her canned spiel, which was sort of an overture before the opera, introducing themes I would hear developed with great intensity later on in the performance. I don't recall a word of it, really, but my notebook shows that I was dutifully jotting down key phrases, like "designed to be low-cost personal computer," "personal productivity tool for knowledge workers," and "we want everybody in the world using Mac software." Anyway, I was dazzled, a feeling that would only accelerate as the day went on. Each person I met was a young wizard bubbling with enthusiasm-I could almost feel electricity crackling as they told me their stones. Jerry Manock, the industrial designer who had literally molded the Apple II and now the Macintosh.


pages: 356 words: 91,157

The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class?and What We Can Do About It by Richard Florida

affirmative action, Airbnb, back-to-the-city movement, basic income, Bernie Sanders, bike sharing, blue-collar work, business climate, Capital in the Twenty-First Century by Thomas Piketty, clean water, Columbine, congestion charging, creative destruction, David Ricardo: comparative advantage, declining real wages, deindustrialization, Donald Trump, East Village, edge city, Edward Glaeser, failed state, Ferguson, Missouri, gentrification, Gini coefficient, Google bus, high net worth, high-speed rail, income inequality, income per capita, industrial cluster, informal economy, Jane Jacobs, jitney, Kitchen Debate, knowledge economy, knowledge worker, land value tax, low skilled workers, Lyft, megacity, megaproject, Menlo Park, mortgage tax deduction, Nate Silver, New Economic Geography, new economy, New Urbanism, occupational segregation, off-the-grid, opioid epidemic / opioid crisis, Paul Graham, plutocrats, RAND corporation, rent control, rent-seeking, restrictive zoning, Richard Florida, rising living standards, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, SimCity, sovereign wealth fund, streetcar suburb, superstar cities, tech worker, the built environment, The Chicago School, The Death and Life of Great American Cities, the High Line, The Rise and Fall of American Growth, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, trickle-down economics, Tyler Cowen, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, urban decay, urban planning, urban renewal, urban sprawl, white flight, young professional

Boston had not offered Lycos any tax breaks or other bribes; in fact, the costs of doing business in Boston, from rents to salaries, were much higher than in Pittsburgh. Lycos was moving because the talent it needed was already in Boston. The key to urban success, I argued in my 2002 book, The Rise of the Creative Class, was to attract and retain talent, not just to draw in companies. The knowledge workers, techies, and artists and other cultural creatives who made up the creative class were locating in places that had lots of high-paying jobs—or a thick labor market; lots of other people to meet and date—what I called a thick mating market; and a vibrant quality of place, with great restaurants and cafés, a music scene, and lots of other things to do.2 By the turn of the twenty-first century, the ranks of the creative class had grown to some 40 million members, a third of the US workforce.

Both the conventional wisdom and economic research tell us that people do better economically in large, dense, knowledge-based cities where they earn higher wages and salaries. But when a colleague and I looked into how the members of each of the three different classes fared after paying for housing, we uncovered a startling and disturbing pattern: The advantaged knowledge workers, professionals, and media and cultural workers who made up the creative class were doing fine; their wages were not only higher in big, dense, high-tech metros, but they made more than enough to cover the costs of more expensive housing in these places. But the members of the two less advantaged classes—blue-collar workers and service workers—were sinking further behind; they actually ended up worse off in large, expensive cities and metro areas after paying for their housing.4 The implications were deeply disturbing to me.

In these places, mere gentrification has escalated into what some have called “plutocratization.”6 Some of their most vibrant, innovative urban neighborhoods are turning into deadened trophy districts, where the global super-rich park their money in high-end housing investments as opposed to places in which to live. It’s not just musicians, artists, and creatives who are being pushed out: growing numbers of economically advantaged knowledge workers are seeing their money eaten up by high housing prices in these cities, and they have started to fear that their own children will never be able to afford the price of entry in them. But it is the blue-collar and service workers, along with the poor and disadvantaged, who face the direst economic consequences.


pages: 197 words: 60,477

So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport

adjacent possible, Apple II, bounce rate, business cycle, Byte Shop, Cal Newport, capital controls, clean tech, Community Supported Agriculture, deal flow, deliberate practice, do what you love, financial independence, follow your passion, Frank Gehry, information asymmetry, job satisfaction, job-hopping, knowledge worker, Mason jar, medical residency, new economy, passive income, Paul Terrell, popular electronics, renewable energy credits, Results Only Work Environment, Richard Bolles, Richard Feynman, rolodex, Sand Hill Road, side project, Silicon Valley, Skype, Steve Jobs, Steve Wozniak, Stuart Kauffman, TED Talk, web application, winner-take-all economy

Put another way, if you just show up and work hard, you’ll soon hit a performance plateau beyond which you fail to get any better. This is what happened to me with my guitar playing, to the chess players who stuck to tournament play, and to most knowledge workers who simply put in the hours: We all hit plateaus. When I first encountered the work of Ericsson and Charness, this insight startled me. It told me that in most types of work—that is, work that doesn’t have a clear training philosophy—most people are stuck. This generates an exciting implication. Let’s assume you’re a knowledge worker, which is a field without a clear training philosophy. If you can figure out how to integrate deliberate practice into your own life, you have the possibility of blowing past your peers in your value, as you’ll likely be alone in your dedication to systematically getting better.

To help these efforts I introduced the well-studied concept of deliberate practice, an approach to work where you deliberately stretch your abilities beyond where you’re comfortable and then receive ruthless feedback on your performance. Musicians, athletes, and chess players know all about deliberate practice. Knowledge workers, however, do not. This is great news for knowledge workers: If you can introduce this strategy into your working life you can vault past your peers in your acquisition of career capital. RULE #3 Turn Down a Promotion (Or, the Importance of Control) Chapter Eight The Dream-Job Elixir In which I argue that control over what you do, and how you do it, is one of the most powerful traits you can acquire when creating work you love.

This insight brought me into the world of performance science, where I encountered the concept of deliberate practice—a method for building skills by ruthlessly stretching yourself beyond where you’re comfortable. As I discovered, musicians, athletes, and chess players, among others, know all about deliberate practice, but knowledge workers do not. Most knowledge workers avoid the uncomfortable strain of deliberate practice like the plague, a reality emphasized by the typical cubicle dweller’s obsessive e-mail–checking habit—for what is this behavior if not an escape from work that’s more mentally demanding? As I researched these ideas, I became increasingly worried about the current state of my academic career.


pages: 353 words: 355

The Long Boom: A Vision for the Coming Age of Prosperity by Peter Schwartz, Peter Leyden, Joel Hyatt

"World Economic Forum" Davos, Alan Greenspan, Alvin Toffler, American ideology, Asian financial crisis, Berlin Wall, business cycle, centre right, classic study, clean water, complexity theory, computer age, crony capitalism, cross-subsidies, Danny Hillis, dark matter, dematerialisation, Deng Xiaoping, Dissolution of the Soviet Union, double helix, edge city, Electric Kool-Aid Acid Test, European colonialism, Fall of the Berlin Wall, financial innovation, George Gilder, glass ceiling, global village, Gregor Mendel, Herman Kahn, hydrogen economy, industrial cluster, informal economy, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, It's morning again in America, junk bonds, Just-in-time delivery, Kevin Kelly, knowledge economy, knowledge worker, life extension, market bubble, mass immigration, megacity, Mikhail Gorbachev, Neal Stephenson, Nelson Mandela, new economy, oil shock, open borders, out of africa, Productivity paradox, QR code, Richard Feynman, Ronald Reagan, Search for Extraterrestrial Intelligence, shareholder value, Silicon Valley, stem cell, Steve Jobs, Stewart Brand, The Hackers Conference, the scientific method, Thomas L Friedman, upwardly mobile, Washington Consensus, We are as Gods, Whole Earth Catalog, women in the workforce, Y2K, zero-sum game

People have to understand how the way we work is being transformed, where this New Economy is heading, and how it will change our lives and the lives of our families. This is where the politics of the Long Boom conies in, A clear vision needs to be articulated by strong leaders to everyone, humanity at large, not just an elite of financial traders or knowledge workers. Everybody has to have a general understanding of the direction we're heading. That's the way through the anxiety and back onto the Long Boom. As if the anxiety over the turndown in the global economy weren't enough, there's the mounting anxiety over the state of our technology. As the new century approaches, the year 2000, or Y2K, problem looms large.

California tends to be the place to study this ideology because the people who embrace it tend to congregate in large numbers there. These people are the technologists and programmers and engineers who are building the new technologies in Silicon Valley. They are creators of new and old media based in Los Angeles. They are the entrepreneurs and knowledge workers of this New Economy. They are the business elite and global finance class chasing after the massive opportunities. They are the young people creating this new digital, wired culture. California attracts a lot of them—from all over the world. The draw of California has created the multicultural mix that has led to some of the key characteristics of the New American Ideology, such as its global mentality.

In that hypothetical town, everyone on the network benefits from the addition of every new member, and everyone will benefit most by having everyone wired. The same logic applies to the Internet of today. There's a strong incentive to get everyone into this emerging new network—not just the top quarter of the population, who fit the knowledge worker profile. Getting everyone on the Net is not just some philanthropic urge to be nice to all people. It makes good business sense. You want to sell your products over the Internet? The first step is getting every potential customer into that network to begin with. You want to streamlin costs by doing away with employee paperwork?


pages: 481 words: 120,693

Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland

"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Alan Greenspan, Albert Einstein, algorithmic trading, assortative mating, banking crisis, barriers to entry, Basel III, battle of ideas, Bear Stearns, behavioural economics, Bernie Madoff, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Black Swan, Boris Johnson, Branko Milanovic, Bretton Woods, BRICs, Bullingdon Club, business climate, call centre, carried interest, Cass Sunstein, Clayton Christensen, collapse of Lehman Brothers, commoditize, conceptual framework, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, Deng Xiaoping, disruptive innovation, don't be evil, double helix, energy security, estate planning, experimental subject, financial deregulation, financial engineering, financial innovation, Flash crash, Ford Model T, Frank Gehry, Gini coefficient, Glass-Steagall Act, global village, Goldman Sachs: Vampire Squid, Gordon Gekko, Guggenheim Bilbao, haute couture, high net worth, income inequality, invention of the steam engine, job automation, John Markoff, joint-stock company, Joseph Schumpeter, knowledge economy, knowledge worker, liberation theology, light touch regulation, linear programming, London Whale, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, Max Levchin, Mikhail Gorbachev, Moneyball by Michael Lewis explains big data, NetJets, new economy, Occupy movement, open economy, Peter Thiel, place-making, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, postindustrial economy, Potemkin village, profit motive, public intellectual, purchasing power parity, race to the bottom, rent-seeking, Rod Stewart played at Stephen Schwarzman birthday party, Ronald Reagan, self-driving car, seminal paper, Sheryl Sandberg, short selling, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Simon Kuznets, sovereign wealth fund, starchitect, stem cell, Steve Jobs, TED Talk, the long tail, the new new thing, The Spirit Level, The Wealth of Nations by Adam Smith, Tony Hsieh, too big to fail, trade route, trickle-down economics, Tyler Cowen: Great Stagnation, wage slave, Washington Consensus, winner-take-all economy, zero-sum game

But Drucker also, more than half a century ago, predicted the shift to what he dubbed a “knowledge economy” and, with it, the rise of the “knowledge worker.” Drucker made his name in America, but he was a product of the Viennese intellectual tradition—Joseph Schumpeter was a family friend and frequent guest during his boyhood—of looking for the big, underlying social and economic forces and trying to spot the moments when they changed. Accordingly, he saw the emerging knowledge worker as both the product and beneficiary of a profound shift in how capitalism operated. “In the knowledge society the employees—that is, knowledge workers—own the tools of production,” Drucker wrote in a 1994 essay in the Atlantic.

But that logic collapses in the knowledge economy: “Increasingly, the true investment in the knowledge society is not in machines and tools but in the knowledge of the knowledge worker. . . . The market researcher needs a computer. But increasingly this is the researcher’s own personal computer, and it goes along where he or she goes. . . . In the knowledge society the most probable assumption for organizations . . . is that they need knowledge workers far more than knowledge workers need them.” Here, then, is another way that some of the highly talented are catapulted into the super-elite: when it becomes possible for them to practice their profession independently.

But they still didn’t have the royal jelly: “They don’t have the killer instinct, they don’t want to fight, they won’t go for the jugular.” By way of evidence, he described a subordinate who had cried when he told her she had made a mistake. You can’t do that and win, he said. THREE SUPERSTARS A society in which knowledge workers dominate is under threat from a new class conflict: between the large minority of knowledge workers and the majority of people, who will make their living traditionally, either by manual work, whether skilled or unskilled, or by work in services, whether skilled or unskilled. —Peter Drucker It is probably a misfortune that . . . popular writers . . . have defended free enterprise on the ground that it regularly rewards the deserving, and it bodes ill for the future of the market order that this seems to have become the only defense of it which is understood by the general public. . . .


pages: 194 words: 36,223

Smart and Gets Things Done: Joel Spolsky's Concise Guide to Finding the Best Technical Talent by Joel Spolsky

AOL-Time Warner, Build a better mousetrap, David Heinemeier Hansson, functional programming, knowledge worker, linear programming, no silver bullet, nuclear winter, off-by-one error, Ruby on Rails, Sand Hill Road, Silicon Valley, sorting algorithm, Superbowl ad, the scientific method, type inference, unpaid internship

In either case, you should enforce the simple rule “no code without spec.” The Joel Test 163 8. Do Programmers Have Quiet Working Conditions? There are extensively documented productivity gains provided by giving knowledge workers space, quiet, and privacy. The classic software management book Peopleware3 documents these productivity benefits extensively. Here’s the trouble. We all know that knowledge workers work best by getting into “flow,” also known as being “in the zone,” where they are fully concentrated on their work and fully tuned out of their environment. They lose track of time and produce great stuff through absolute concentration.

All because the metrics in place just didn’t have a way to recognize different types of contributors. If it wasn’t bad enough that metrics don’t measure, they also screw up perfectly happy, productive teams. True, Some Developers Just Don’t Pull Their Weight Even though metrics simply don’t work with knowledge workers, it’s still true that there are great developers and decent developers and crappy developers. Interestingly, everybody pretty much knows who is who. You just can’t quite measure it. Fixing Suboptimal Teams 129 You still need to triage the team into three categories: 1. Great developer 2. Needs specific improvements 3.

If a coworker asks you a question, causing a oneminute interruption, but this knocks you out of the zone badly enough that it takes you half an hour to get productive again, your overall productivity is in serious trouble. If you’re in a noisy bullpen environment like the type that caffeinated dotcoms love to create, with marketing guys screaming on the phone next to programmers, your productivity will plunge as knowledge workers get interrupted time after time and never get into the zone. With programmers, it’s especially hard. Productivity depends on being able to juggle a lot of little details in short-term memory all at once. Any kind of interruption can cause these details to come crashing down. When you resume work, you can’t remember any of the details (like local variable names you were using, or where you were up to in implementing The Joel Test 165 that search algorithm) and you have to keep looking these things up, which slows you down a lot until you get back up to speed.


pages: 372 words: 152

The End of Work by Jeremy Rifkin

banking crisis, Bertrand Russell: In Praise of Idleness, blue-collar work, cashless society, Charles Babbage, collective bargaining, compensation consultant, computer age, deskilling, Dissolution of the Soviet Union, employer provided health coverage, Erik Brynjolfsson, full employment, future of work, general-purpose programming language, George Gilder, global village, Great Leap Forward, Herbert Marcuse, high-speed rail, hiring and firing, informal economy, interchangeable parts, invention of the telegraph, Jacques de Vaucanson, job automation, John Maynard Keynes: technological unemployment, Kaizen: continuous improvement, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, land reform, low interest rates, low skilled workers, means of production, military-industrial complex, new economy, New Urbanism, Paul Samuelson, pink-collar, pneumatic tube, post-Fordism, post-industrial society, Productivity paradox, prudent man rule, Richard Florida, Ronald Reagan, scientific management, Silicon Valley, speech recognition, strikebreaker, technoutopianism, Thorstein Veblen, Toyota Production System, trade route, trickle-down economics, warehouse automation, warehouse robotics, women in the workforce, working poor, working-age population, Works Progress Administration

Their ranks are made up largely of the new professionals, the highly trained symbolic analysts or knowledge workers who manage the new high-tech information economy. This small group, numbering fewer than 3.8 million individuals, earns as much as the entire bottom 51 percent of American wage earners, totaling more than 49.2 million. 40 In addition to the top 4 percent of American income earners who make up the elite of the knowledge sector, another 16 percent of the American workforce also consists mostly of knowledge workers. Altogether, the knowledge class, which represents 20 percent of the workforce, receives $1,755 billion a year in income, more than the other four fifths of the population combined.

A fair and equitable distribution of the productivity gains would require a shortening of the workweek around the world and a concerted effort by central governments to provide alternative employment in the third sector-the social economy-for those whose labor is no longer required in the marketplace. If, however, the dramatic productivity gains of the high-tech revolution are not shared, but rather used primarily to enhance corporate profit, to the exclusive benefit of stockholders, top corporate managers, and the emerging elite of high-tech knowledge workers, chances are that the growing gap between the haves and the have-nots will lead to social and political upheaval on a global scale. All around us today, we see the introduction of breathtaking new technologies capable of extraordinary feats. We have been led to believe that the marvels of modem technology would be our salvation.

Today, however, as all these sectors fall victim to rapid restructuring and automation, no "significant" new sector has developed to absorb the millions who are being displaced. The only new sector on the horizon is the knowledge sector, an elite group of industries and profeSSional disciplines responsible for ushering in the new high-tech automated economy of the future. The new professionals-the so-called symbolic analysts or knowledge workers-come from the fields of science, engineering, management, consultancy, teaching, marketing, media, and entertainment. While their numbers will continue to grow, they will remain small compared to the number of workers displaced by the new generation of "thinking machines." 36 THE TWO F ACE S 0 F TEe H N 0 LOG Y RETRAINING FOR WHAT?


pages: 319 words: 89,477

The Power of Pull: How Small Moves, Smartly Made, Can Set Big Things in Motion by John Hagel Iii, John Seely Brown

Albert Einstein, Andrew Keen, barriers to entry, Black Swan, business process, call centre, Clayton Christensen, clean tech, cloud computing, commoditize, corporate governance, creative destruction, disruptive innovation, Elon Musk, en.wikipedia.org, future of work, game design, George Gilder, intangible asset, Isaac Newton, job satisfaction, Joi Ito, knowledge economy, knowledge worker, loose coupling, Louis Pasteur, Malcom McLean invented shipping containers, Marc Benioff, Maui Hawaii, medical residency, Network effects, old-boy network, packet switching, pattern recognition, peer-to-peer, pre–internet, profit motive, recommendation engine, Ronald Coase, Salesforce, shareholder value, Silicon Valley, Skype, smart transportation, software as a service, supply-chain management, tacit knowledge, The Nature of the Firm, the new new thing, the strength of weak ties, too big to fail, trade liberalization, transaction costs, TSMC, Yochai Benkler

As we will explore in a later chapter, these individuals, too, will have an increasing opportunity to become passionate about their work. Most jobs in Western corporations have been engineered (and we use this word advisedly) to become highly routinized, especially if they are not performed by “knowledge workers.” As we begin to realize that scalable efficiency cannot see us through a shift to near-constant disruption, we will begin to see that performance improvement by everyone counts, not just performance improvement for “knowledge workers.” We will begin to redefine all jobs, especially those performed at the “bottom of the institutional pyramid,” in ways that facilitate problem solving, experimentation, and tinkering.

The real opportunity is to rethink all aspects of the institution through the talent lens—what would the strategy, operations, and organization of the firm be like if talent development were the top priority of the firm? We’ve already talked about how institutional leaders have to focus on everyone in their organization—and not just the so-called knowledge workers. But let’s take it one step further, because there are yet more misunderstandings that arise on the topic of talent development, revealing some of the key assumptions that most executives bring to this topic. We have already noted in earlier chapters that Western executives tend to draw a firm line between “knowledge workers” and the rest of the workforce. If we are going to mobilize our entire workforce, we need to abandon this artificial distinction and recognize that everyone brings talent to the job that must be developed.

We will begin to redefine all jobs, especially those performed at the “bottom of the institutional pyramid,” in ways that facilitate problem solving, experimentation, and tinkering. This will foster more widespread performance improvement. Everyone, even the most unskilled worker, will be viewed as a critical problem-solver and knowledge-worker contributing to performance improvement. One need only walk through the assembly lines of a Toyota plant to see highly motivated workers who are passionate about their jobs because they can tangibly see how they are making a difference by tackling challenging work problems and contributing to greater value. Others will rightly point out that in recessionary times many people may lose their jobs no matter how passionate they might be.


The Making of a World City: London 1991 to 2021 by Greg Clark

Basel III, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, British Empire, business climate, business cycle, capital controls, carbon footprint, congestion charging, corporate governance, cross-subsidies, Crossrail, deindustrialization, Dissolution of the Soviet Union, East Village, Fall of the Berlin Wall, financial innovation, financial intermediation, gentrification, global value chain, haute cuisine, high-speed rail, housing crisis, industrial cluster, intangible asset, job polarisation, Kickstarter, knowledge economy, knowledge worker, labour market flexibility, low skilled workers, manufacturing employment, Masdar, mass immigration, megacity, megaproject, New Urbanism, offshore financial centre, open immigration, Pearl River Delta, place-making, rent control, Robert Gordon, Silicon Valley, smart cities, sovereign wealth fund, trickle-down economics, urban planning, urban renewal, working poor

In London: World City, rivals such as Tokyo, New York and Berlin were analysed for their initiatives in the soft economy and their active pursuit of the benefits of agglomeration (LPAC, 1991: 26–27). The report was, it turned out, prescient in identifying inter-urban competition around human capital and quality of life. Subsequently, however, more subtle understandings of the push-and-pull factors for mobile knowledge workers and international firms have prompted more refined and targeted attraction and retention strategies. Innovative solutions have been applied to the intricacy of negotiated and collaborative governance, both between tiers of government and between public and private sectors. London now has a much wider set of practices to learn from other cities, from Singapore to Seattle, from Seoul to São Paulo.

Partnerships with institutional investors, sovereign wealth funds, niche fund managers and syndicated investment clubs are under negotiation in cities everywhere. Finally, the new business cycle has brought into clarity the reality of demographic change that is profoundly shaping cities’ revenue capabilities and service delivery demands. As well as increased mobility, especially of younger knowledge workers and aspirational immigrants, cities are confronted with dramatically extended life expectancies often coupled with low birth rates. As a result, urban life is for the most part becoming more and more racially, socially and economically diverse. This produces greater heterogeneity in citizenry aspirations, and the need for world cities to provide distinctive services and representation to different population segments.

Key developments in the global system of cities in 2015 The composite of index results has indicated since at least 2011 that Singapore and Hong Kong form part of an expanded ‘big six’ of top-tier world cities. The pair, which possess distinct self-governing capacities, have continued to record exceptional results among executives, knowledge workers and tourists in 2013 and 2014, and have moved ahead of Paris and Tokyo as financial centres. Investment from Europe, North America and the Middle East still flows heavily into these two cities, not least because of their proximity to a rapidly expanding Asian middle class. Singapore is now a world-class research hub, and the only world city consistently positively evaluated for its commuting experience, health and security outcomes.


pages: 261 words: 16,734

Peopleware: Productive Projects and Teams by Tom Demarco, Timothy Lister

A Pattern Language, An Inconvenient Truth, cognitive dissonance, DeepMind, interchangeable parts, job satisfaction, knowledge worker, lateral thinking, Parkinson's law, performance metric, skunkworks, supply-chain management, women in the workforce

Same with user support for another product. To the extent that knowledge workers are required to multitask, their managers need to take account of the flow requirements of the different tasks. Mixing flow and highly interruptive activities is a recipe for nothing but frustration. In particular, it assures that no reasonable telephone ethic (“Leave me alone. I’m working.”) can emerge. More important than any gimmick you introduce is a change in attitude. People must learn that it’s okay sometimes not to answer their phones, and their managers need to understand that as well. That’s the character of knowledge workers’ work: The quality of their time is important, not just its quantity.

There is probably no hope of changing the view that Wall Street takes of treating investment in people as an expense. But companies that play this game will suffer in the long run. The converse is also true: Companies that manage their investment sensibly will prosper in the long run. Companies of knowledge workers have to realize that it is their investment in human capital that matters most. The good ones already do. Part IV: Growing Productive Teams Think back over a particularly enjoyable work experience from your career. What was it that made the experience such a pleasure? The simplistic answer is, “Challenge.”

As a manager, you may have convinced yourself that you ought to be the principal coach to the team or teams that report to you. That certainly was a common model in the past, when high-tech bosses tended to be proven experts in the technologies their workers needed to master. Today, however, the typical team of knowledge workers has a mix of skills, only some of which the boss has mastered. The boss usually coaches only some of the team members. What of the others? We are increasingly convinced that the team members themselves provide most of the coaching. When you observe a well-knit team in action, you’ll see a basic hygienic act of peer-coaching that is going on all the time.


pages: 318 words: 78,451

Kanban: Successful Evolutionary Change for Your Technology Business by David J. Anderson

airport security, anti-pattern, business intelligence, call centre, collapse of Lehman Brothers, continuous integration, corporate governance, database schema, domain-specific language, index card, Kaizen: continuous improvement, Kanban, knowledge worker, lateral thinking, loose coupling, performance metric, six sigma, systems thinking, tacit knowledge, Toyota Production System, transaction costs

Take actions to get to this level of maturity incrementally—follow the Recipe for Success. Attack Sources of Variability to Improve Predictability Both the effects of variability and how to reduce it within a process are advanced topics. Reducing variability in software development requires knowledge workers to change the way they work—to learn new techniques and to change their personal behavior. All of this is hard. It is therefore not for beginners or for immature organizations. Variability results in more work-in-progress and longer lead times. This is explained more fully in chapter 19. Variability creates a greater need for slack in non-bottleneck resources in order to cope with the ebb and flow of work as its effects manifest on the flow of work through the value stream.

For example, if we had ten people and anticipated two people per item, the WIP limit might be five plus a few more to smooth the impact of a blockage. Perhaps eight (five plus three) would be the right limit in such circumstances. There has been some research and empirical observation to suggest that two items in progress per knowledge worker is optimal. This result is often quoted to justify multi-tasking. However, I believe that this research tends to reflect the working reality in the organizations observed. There are a lot of impediments and reasons for work to become delayed. The research does not report the organizational maturity of the organizations studied, nor does it correlate the data with any of the external issues (assignable-cause variations, discussed in chapter 19) occurring.

Demonstrating the Value of Managers The operations review also shows the staff what managers do and how management can add value in their lives. It also helps to train the workforce to think like managers, and to understand when to make interventions and when to stand back and leave the team to self-organize and resolve its own issues. Operations review helps to develop respect between the individual knowledge workers and their managers and between different layers of management. Growing respect builds trust, encourages collaboration, and develops the social capital of the organization. Organizational Focus Fosters Kaizen While individual project retrospectives are always useful, an organization-wide ops review fosters institutionalization of changes, improvements, and processes.


pages: 263 words: 77,786

Tomorrow's Capitalist: My Search for the Soul of Business by Alan Murray

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, Alvin Toffler, Berlin Wall, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, Boris Johnson, call centre, carbon footprint, commoditize, coronavirus, corporate governance, corporate raider, corporate social responsibility, COVID-19, creative destruction, Credit Default Swap, decarbonisation, digital divide, disinformation, disruptive innovation, do well by doing good, don't be evil, Donald Trump, Ferguson, Missouri, financial innovation, Francis Fukuyama: the end of history, Frederick Winslow Taylor, future of work, gentrification, George Floyd, global pandemic, Greta Thunberg, gun show loophole, impact investing, income inequality, intangible asset, invisible hand, Jeff Bezos, job automation, knowledge worker, lockdown, London Whale, low interest rates, Marc Benioff, Mark Zuckerberg, market fundamentalism, means of production, minimum wage unemployment, natural language processing, new economy, old-boy network, price mechanism, profit maximization, remote working, risk-adjusted returns, Ronald Reagan, Salesforce, scientific management, shareholder value, side hustle, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, The Future of Employment, the payments system, The Wealth of Nations by Adam Smith, Tim Cook: Apple, Washington Consensus, women in the workforce, work culture , working poor, zero-sum game

It was a stakeholder crisis from the start, and it highlighted a host of stakeholder issues. The pandemic put workers at risk, as they were forced to address the threat of being exposed to the virus in the workplace. And it quickly became clear the pandemic would widen the rifts that had plagued Western society in recent years—between knowledge workers and manual workers, between well-educated and less well-educated, between top-tier cities and the rest. Faced with that new reality, CEOs became even more convinced that it was time for business to step forward and play a greater role in healing society’s divides. As Emmanuel Faber, CEO of Danone, told me, “Everything we have seen during the last several months suggests companies will have even more stakeholders than before, with government stepping in, health authorities stepping in, and so on.

But plentiful labor is not the same as plentiful talent, and the pandemic seemed to be leading an increasing number of talent-forward companies to take an “employees first” approach. Indeed, as the economy bounced back from COVID in 2021, it became clear that there was an unprecedented battle for talent, giving knowledge workers even more power in the economic debates to come. > Demands for systemic change also intensified. The pandemic exposed flaws in business’s approach to global markets, deepening the divisions within countries and between them, and threatening supply chains. Geopolitical tension between the US and China also challenged the globalist model.

Most of the CEOs I talked to believed that, as in the past, technology would create new jobs even as it eliminated old ones. But they weren’t at all convinced that we had the systems in place to prepare the workforce for these new jobs at a fast enough pace. Then the pandemic hit, dealing its hardest blow to those who weren’t knowledge workers—those who worked in factories, or restaurants and retail stores, or in health care or public service, the very people who were most at risk of being left behind by technology. They didn’t have the option of simply taking their work home. Many were furloughed or lost their jobs altogether. Others dropped out of the workforce to take care of children who were not in school, or elderly parents who were most at risk of contracting the disease.


pages: 346 words: 89,180

Capitalism Without Capital: The Rise of the Intangible Economy by Jonathan Haskel, Stian Westlake

23andMe, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, Albert Einstein, Alvin Toffler, Andrei Shleifer, bank run, banking crisis, Bernie Sanders, Big Tech, book value, Brexit referendum, business climate, business process, buy and hold, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, cloud computing, cognitive bias, computer age, congestion pricing, corporate governance, corporate raider, correlation does not imply causation, creative destruction, dark matter, Diane Coyle, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Edward Glaeser, Elon Musk, endogenous growth, Erik Brynjolfsson, everywhere but in the productivity statistics, Fellow of the Royal Society, financial engineering, financial innovation, full employment, fundamental attribution error, future of work, gentrification, gigafactory, Gini coefficient, Hernando de Soto, hiring and firing, income inequality, index card, indoor plumbing, intangible asset, Internet of things, Jane Jacobs, Jaron Lanier, Jeremy Corbyn, job automation, Kanban, Kenneth Arrow, Kickstarter, knowledge economy, knowledge worker, laissez-faire capitalism, liquidity trap, low interest rates, low skilled workers, Marc Andreessen, Mother of all demos, Network effects, new economy, Ocado, open economy, patent troll, paypal mafia, Peter Thiel, pets.com, place-making, post-industrial society, private spaceflight, Productivity paradox, quantitative hedge fund, rent-seeking, revision control, Richard Florida, ride hailing / ride sharing, Robert Gordon, Robert Solow, Ronald Coase, Sand Hill Road, Second Machine Age, secular stagnation, self-driving car, shareholder value, sharing economy, Silicon Valley, six sigma, Skype, software patent, sovereign wealth fund, spinning jenny, Steve Jobs, sunk-cost fallacy, survivorship bias, tacit knowledge, tech billionaire, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Tim Cook: Apple, total factor productivity, TSMC, Tyler Cowen, Tyler Cowen: Great Stagnation, urban planning, Vanguard fund, walkable city, X Prize, zero-sum game

Drop into a coffee shop in any of the world’s major cities, and you will see peripatetic knowledge workers of the type that Handy described in the early 1990s. Look at the way people talk about the world’s most admired businesses (“What Would Google Do?”), and you will see praise for the kind of knowledge-intensive, collaborative, networked business innovation that would not have seemed out of place in 1990s California or Japan. But some things have turned out somewhat differently, either because they buck the trend of knowledge-intensive, modular businesses and the nomadic, entrepreneurial knowledge workers, or simply because they were less obvious back in 1999.

Modern economists, displaying an admirable flair for taking something exciting and giving it a boring name, called this trend “skills-biased technical change.” Labor market economists, particularly Martin Goos, Alan Manning, and David Autor, have suggested a twist on this story that computers are especially good at replacing routine tasks. The twist is that computers don’t replace high-paid knowledge workers, but they are not necessarily replacing the low-paid either. The reason is that many currently low-paid tasks are distinctly nonroutine: waiting on a table, cleaning a bath, or looking after the elderly. Rather, the routine tasks that computers are good at tend to be middle-income jobs, and so they “hollow out” the labor market by replacing middle-income workers (Goos and Manning 2007; Autor 2013).

Charles Handy’s 1994 book The Future of Work forecasted, presciently, a future of portfolio jobs and careers for the well-educated and precarious subcontracting for others. Charles Leadbeater’s Living on Thin Air, published at the height of the dot-com bubble, begins with a portrait of the author as a portfolio knowledge worker and then identifies eight characteristics that successful new economy companies would have: they would be cellular, self-managing, entrepreneurial, and integrative; they would offer their staff ownership stakes; and they would need deep reservoirs of knowledge, public legitimacy, and collaborative leadership.


pages: 353 words: 91,520

Most Likely to Succeed: Preparing Our Kids for the Innovation Era by Tony Wagner, Ted Dintersmith

affirmative action, Airbnb, Albert Einstein, Bernie Sanders, Clayton Christensen, creative destruction, David Brooks, driverless car, en.wikipedia.org, Frederick Winslow Taylor, future of work, immigration reform, income inequality, index card, Jeff Bezos, jimmy wales, Joi Ito, Khan Academy, Kickstarter, knowledge economy, knowledge worker, language acquisition, low skilled workers, Lyft, Mark Zuckerberg, means of production, new economy, One Laptop per Child (OLPC), pattern recognition, Paul Graham, Peter Thiel, Ponzi scheme, pre–internet, school choice, Silicon Valley, Skype, Steven Pinker, TaskRabbit, TED Talk, the scientific method, two and twenty, uber lyft, unpaid internship, Y Combinator

Midway through the last century, our industrial base began to contract, and low-wage routine jobs moved offshore. As growth in manufacturing jobs stalled, millions of new white-collar jobs for “knowledge workers” (a term coined by Peter Drucker in 1959) were created, fueling the next phase of U.S. economic growth and creating a robust middle class. The economic landscape was dominated by large organizations hungry for mid-level knowledge workers to produce, refine, and manage information. To keep pace with these changes, Americans put increasing priority on education, largely by extending the number of years students spent in school.

The number of high school and college graduates soared. With some tweaks (such as including a college prep track in public high schools), the core of the Prussian-American education model—the transfer of basic literacy and numeracy skills and content knowledge from teachers to students—remained effective in preparing students for knowledge-worker jobs. Our education system and economy maintained their productive alliance. As we moved into the 1980s, a handful of people began voicing concerns about the state of education in the United States. They cited data questioning the international competitiveness of our students, reflected in lackluster performance on standardized tests.

What matters most in our increasingly innovation-driven economy is not what you know, but what you can do with what you know. The skills needed in our vastly complicated world, whether to earn a decent living or to be an active and informed citizen, are radically different from those required historically. Quite simply, the world has changed, and our schools remain stuck in time. “Knowledge workers” have become obsolete. What the world demands today are “smart creatives,” the term that Eric Schmidt and Jonathan Rosenberg use to describe the kind of people Google needs to hire in their book How Google Works. In our efforts to “fix” education, we’ve taken a course of action that extirpates the creative spirit and confidence from our youth while drilling them on frivolous things, like memorizing the definition of extirpate for the SAT verbal exam.


pages: 104 words: 34,784

The Trouble With Brunch: Work, Class and the Pursuit of Leisure by Shawn Micallef

big-box store, call centre, cognitive dissonance, David Brooks, deindustrialization, gentrification, ghettoisation, Jane Jacobs, Joan Didion, knowledge worker, liberation theology, Mason jar, McMansion, new economy, post scarcity, Prenzlauer Berg, public intellectual, Richard Florida, Ronald Reagan, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, urban sprawl, World Values Survey

Many of us work from home, or from actual cafés, freelance vagabonds who move from one rickety table to the next, renting the space with our coffee purchases, getting more wired as the day goes on. In January 2014, the Guardian reported that the first British branch of the Russian chain Ziferblat opened in Islington, a London neighbourhood well-known for its clusters of peripatetic knowledge workers. What makes Ziferblat (clock face in Russian) different is that it charges five pence per minute, and patrons get free snacks and coffee, and can make their own food in the kitchen. It’s essentially like renting an office on a micro, minute-by-minute basis. As permanent employment has slowly evaporated in favour of temporary and contract labour, many of us find ourselves with multiple jobs, sometimes spread over several different fields.

The trouble with brunch is that it could be so much more, and a closer look at brunch itself reveals its potential. The brunching class, if it embraced a little Veblen and Florida, and took a critical look at how it spends its time, and how others around it do, a collective identity across heretofore loosely related kinds of knowledge workers could be formed. What’s more, that the brunching class exists in places with radically different economic circumstances demonstrates it’s a class consciousness that could be global in scope. The Transnational Buenos Aires Brunch It was nearly two o’clock on a Sunday afternoon and we were walking the near-deserted streets of Buenos Aires looking for a very particular brunch spot.

A related reshaping of the tectonic plates of class are those knowledge- and creative-class workers who don’t identify with the traditional working class, even if their pay and lack of job security is commensurate with older forms of working-class life (Dickens’ famous Bob Cratchit, though a working-class icon of the early industrial revolution, was essentially a knowledge worker on a contract job with no security, no benefits and poor pay). Taste and sensibility get in the way of seeing the commonalities among the creative and working classes. Work is work, but even if a creative earns less money than a unionized worker, class becomes a kind of ideology that limits the perception of different kinds of work, failing to allow for cross-class identity, but also limits the conversation around a development like Walmart.


pages: 208 words: 57,602

Futureproof: 9 Rules for Humans in the Age of Automation by Kevin Roose

"World Economic Forum" Davos, adjacent possible, Airbnb, Albert Einstein, algorithmic bias, algorithmic management, Alvin Toffler, Amazon Web Services, Atul Gawande, augmented reality, automated trading system, basic income, Bayesian statistics, Big Tech, big-box store, Black Lives Matter, business process, call centre, choice architecture, coronavirus, COVID-19, data science, deep learning, deepfake, DeepMind, disinformation, Elon Musk, Erik Brynjolfsson, factory automation, fake news, fault tolerance, Frederick Winslow Taylor, Freestyle chess, future of work, Future Shock, Geoffrey Hinton, George Floyd, gig economy, Google Hangouts, GPT-3, hiring and firing, hustle culture, hype cycle, income inequality, industrial robot, Jeff Bezos, job automation, John Markoff, Kevin Roose, knowledge worker, Kodak vs Instagram, labor-force participation, lockdown, Lyft, mandatory minimum, Marc Andreessen, Mark Zuckerberg, meta-analysis, Narrative Science, new economy, Norbert Wiener, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off-the-grid, OpenAI, pattern recognition, planetary scale, plutocrats, Productivity paradox, QAnon, recommendation engine, remote working, risk tolerance, robotic process automation, scientific management, Second Machine Age, self-driving car, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, social distancing, Steve Jobs, Stuart Kauffman, surveillance capitalism, tech worker, The Future of Employment, The Wealth of Nations by Adam Smith, TikTok, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, warehouse robotics, Watson beat the top human players on Jeopardy!, work culture

“Nobody can do what we do.” * * * — Part of what’s confusing people about this wave of AI and automation is that the danger zone has expanded. For decades, most automation was focused on repetitive manual tasks, which were concentrated in blue-collar manufacturing jobs, and white-collar knowledge workers largely considered themselves safe. But today, many of the most promising applications of AI and machine learning are in fields like accounting, law, finance, and medicine, which involve lots of tasks like planning, prediction, and process optimization. As it turns out, these are exactly the kinds of things AI does well.

Some of the most automation-prone jobs, the study found, were in highly paid occupations in major metropolitan areas like San Jose, Seattle, and Salt Lake City. This is radically different from the way we normally think about AI and automation risk. And it should be a wake-up call to hyper-educated knowledge workers who have historically assumed that automation was someone else’s problem. Wall Street traders learned a hard lesson about their own replaceability many years ago, when high-frequency trading algorithms and computerized stock exchanges wiped out thousands of jobs for human traders on the exchange floors.

The industrial economies of the nineteenth and twentieth centuries required workers who could perform repetitive tasks at a high, consistent level, and individuality, in a factory setting, could be a liability. (Henry Ford’s famous supposed lament about his workers—“Why is it every time I ask for a pair of hands, they come with a brain attached?”—echoed the feelings of many old-economy barons.) White-collar knowledge workers performed cognitive labor instead of manual labor, but they, too, often benefited from suppressing their humanity in the quest for peak performance. But as I started reporting more on AI and automation, the message I heard from experts about the modern economy was, essentially, the exact opposite.


pages: 236 words: 67,953

Brave New World of Work by Ulrich Beck

affirmative action, anti-globalists, Asian financial crisis, basic income, Berlin Wall, collective bargaining, conceptual framework, Fall of the Berlin Wall, feminist movement, full employment, future of work, Gunnar Myrdal, hiring and firing, illegal immigration, income inequality, informal economy, job automation, knowledge worker, labour market flexibility, labour mobility, low skilled workers, McJob, means of production, mini-job, post-Fordism, post-work, postnationalism / post nation state, profit maximization, purchasing power parity, rising living standards, scientific management, Silicon Valley, technological determinism, working poor, working-age population, zero-sum game

The leading social groups of the knowledge society will be ‘knowledge workers’ – knowledge executives who know how to allocate knowledge to productive use; knowledge professionals; knowledge employees. Practically all these knowledge people will be employed in organizations. Yet unlike the employees under capitalism they own both the ‘means of production’ and the ‘tools of production’ – the former through their pension funds which are rapidly emerging in all developed countries as the only real owners, the latter because knowledge workers own their knowledge and can take it with them wherever they go.

Drucker, Scott Lash/John Urry and Manuel Castells – will fundamentally change not only the world of work but the very concept of work itself. The most prominent feature of this new society will be the centrality of knowledge as an economic resource. Knowledge, not work, will become the source of social wealth; and ‘knowledge workers’ who have the capacity to translate specialized knowledge into profit-producing innovations (products, technological and organizational innovations, etc.) will become the privileged group in society. The basic economic resource – the ‘means of production’ to use the economist's term – is no longer capital, nor natural resources (the economist's ‘land’), nor ‘labour’.

Yet unlike the employees under capitalism they own both the ‘means of production’ and the ‘tools of production’ – the former through their pension funds which are rapidly emerging in all developed countries as the only real owners, the latter because knowledge workers own their knowledge and can take it with them wherever they go. The economic challenge of the post-capitalist society will therefore be the productivity of knowledge work and knowledge worker.20 Many have objected that there is nothing new in this line of argument, since knowledge already played a central role in the industry and services era, perhaps in all epochs of work. Three answers can nevertheless be extracted from the different accounts. Science-dependent reflexive productivity. The outstanding feature of knowledge work is the self-application of knowledge to knowledge as the main source of productivity. There is a circle between science-based technological innovations and the application of these technologies to produce new science-based generations of technologies and products, so that the productivity spiral of the knowledge society is not only kept going but accelerated.


pages: 543 words: 147,357

Them And Us: Politics, Greed And Inequality - Why We Need A Fair Society by Will Hutton

Abraham Maslow, Alan Greenspan, Andrei Shleifer, asset-backed security, bank run, banking crisis, Bear Stearns, behavioural economics, Benoit Mandelbrot, Berlin Wall, Bernie Madoff, Big bang: deregulation of the City of London, Blythe Masters, Boris Johnson, bread and circuses, Bretton Woods, business cycle, capital controls, carbon footprint, Carmen Reinhart, Cass Sunstein, centre right, choice architecture, cloud computing, collective bargaining, conceptual framework, Corn Laws, Cornelius Vanderbilt, corporate governance, creative destruction, credit crunch, Credit Default Swap, debt deflation, decarbonisation, Deng Xiaoping, discovery of DNA, discovery of the americas, discrete time, disinformation, diversification, double helix, Edward Glaeser, financial deregulation, financial engineering, financial innovation, financial intermediation, first-past-the-post, floating exchange rates, Francis Fukuyama: the end of history, Frank Levy and Richard Murnane: The New Division of Labor, full employment, general purpose technology, George Akerlof, Gini coefficient, Glass-Steagall Act, global supply chain, Growth in a Time of Debt, Hyman Minsky, I think there is a world market for maybe five computers, income inequality, inflation targeting, interest rate swap, invisible hand, Isaac Newton, James Dyson, James Watt: steam engine, Japanese asset price bubble, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, knowledge worker, labour market flexibility, language acquisition, Large Hadron Collider, liberal capitalism, light touch regulation, Long Term Capital Management, long term incentive plan, Louis Pasteur, low cost airline, low interest rates, low-wage service sector, mandelbrot fractal, margin call, market fundamentalism, Martin Wolf, mass immigration, means of production, meritocracy, Mikhail Gorbachev, millennium bug, Money creation, money market fund, moral hazard, moral panic, mortgage debt, Myron Scholes, Neil Kinnock, new economy, Northern Rock, offshore financial centre, open economy, plutocrats, power law, price discrimination, private sector deleveraging, proprietary trading, purchasing power parity, quantitative easing, race to the bottom, railway mania, random walk, rent-seeking, reserve currency, Richard Thaler, Right to Buy, rising living standards, Robert Shiller, Ronald Reagan, Rory Sutherland, Satyajit Das, Savings and loan crisis, shareholder value, short selling, Silicon Valley, Skype, South Sea Bubble, Steve Jobs, systems thinking, tail risk, The Market for Lemons, the market place, The Myth of the Rational Market, the payments system, the scientific method, The Wealth of Nations by Adam Smith, three-masted sailing ship, too big to fail, unpaid internship, value at risk, Vilfredo Pareto, Washington Consensus, wealth creators, work culture , working poor, world market for maybe five computers, zero-sum game, éminence grise

Another reason has been the rise of the knowledge economy and the accompanying decline of the traditional manufacturing and service sectors, which has radically changed the stratification of occupations and attitudes.29 The old class-based politics in which Labour had its roots in the unionised skilled and unskilled working class while the Conservatives had their roots in the professions, middle class and aspirational middle classes is decaying. The Tories cannot rely on knowledge workers to support them automatically. Indeed, it seems that knowledge workers are more liberal on most social issues and are willing to tolerate government action if they feel it might work. Equally, though, Labour cannot rely on the knowledge workers’ support, either. They tend to be more individualistic, suspicious of collectivism in the form of trade unions and resent micro-management by their employers and the state.

Another 420,000 have pre-tax incomes of between £100,000 and £350,000. Nearly all of them are male, white and live in the South East.10 There is a growing class of ‘knowledge workers’ who already constitute more than two-fifths of the working population and reflect the fact that the dynamic parts of the knowledge economy – high-tech manufacturing, the creative industries, health, business services, education and ICT – need well-qualified and skilled people. But below them are ten million adults who earn less than £15,000 a year. Few are knowledge workers, and their chance of self-improvement is minimal. Two million children live in low-income working families.

In the private sector in particular trade unions have become weaker, partly because of labour market legislation requiring them to ballot workers over strike action and outlawing secondary picketing, but also because of deeper, underlying changes. Knowledge workers in a more knowledge-based economy feel more confident about their capacity to manage their careers proactively and individually. They have skills that employers need, and they have no desire to negotiate their pay and conditions collectively. Consequently, trade union membership in the knowledge-based private sector has plummeted. Equally, knowledge workers are more keenly aware of new workplace realities. Production is less for mass markets and more customised, with much closer relationships with clients and consumers.12 Today’s customers embed their wishes in the production process through service-level agreements, tight contract specifications, default clauses, key performance indicators and so on.


Cataloging the World: Paul Otlet and the Birth of the Information Age by Alex Wright

1960s counterculture, Ada Lovelace, barriers to entry, British Empire, business climate, business intelligence, Cape to Cairo, card file, centralized clearinghouse, Charles Babbage, Computer Lib, corporate governance, crowdsourcing, Danny Hillis, Deng Xiaoping, don't be evil, Douglas Engelbart, Douglas Engelbart, Electric Kool-Aid Acid Test, European colonialism, folksonomy, Frederick Winslow Taylor, Great Leap Forward, hive mind, Howard Rheingold, index card, information retrieval, invention of movable type, invention of the printing press, Jane Jacobs, John Markoff, Kevin Kelly, knowledge worker, Law of Accelerating Returns, Lewis Mumford, linked data, Livingstone, I presume, lone genius, machine readable, Menlo Park, military-industrial complex, Mother of all demos, Norman Mailer, out of africa, packet switching, pneumatic tube, profit motive, RAND corporation, Ray Kurzweil, scientific management, Scramble for Africa, self-driving car, semantic web, Silicon Valley, speech recognition, Steve Jobs, Stewart Brand, systems thinking, Ted Nelson, The Death and Life of Great American Cities, the scientific method, Thomas L Friedman, urban planning, Vannevar Bush, W. E. B. Du Bois, Whole Earth Catalog

“Our age has turned literature into a trade.”14 Still, Otlet held out hope for what he called the “disinterested task” of the writer, ultimately envisioning something akin to a gift economy of intellectual work (a notion that has attracted considerable currency among contemporary Internet pundits). He hoped— with perhaps a characteristic surfeit of optimism—that enlightened knowledge workers would one day see the benefits of embracing the monographic principle in their own work, using index cards for note taking, and making their finished work more accessible by breaking 231 C ATA L O G I N G T H E WO R L D it into index-able chunks of information that could move more ­fluidly through the global knowledge network. Still, he recognized that knowledge workers needed to be paid, at least in the here and now. In considering the financial implications of his scheme, Otlet saw a special role for bookstores, given their role as the primary gateways to knowledge for many readers (public libraries were far less common during his era).

Highly precise classification, coupled with the ability to “zoom out” on any subject by telescoping back through a series of numbers and expressions, allowed for a level of detail that would, in theory, allow the system to penetrate deep into the granular components of a book or article. In practical terms, Otlet initially envisioned this as a physical volume that would consist of loose-leaf pages, constantly updated by expert authors collecting and extrapolating information from a wide range of primary sources. A federation of knowledge workers around the globe would develop expertise in particular domains and assume responsibility, acting as institutional gatekeepers to knowledge produced within each area. These experts would evaluate each newly published document, assess its content to determine whatever new facts might be contained inside, then transcribe that data onto an index card and assign a code drawn from the Universal Decimal Classification.

Drawing on a central repository modeled on the Universal Bibliography, Ostwald and his partners hoped to produce collections of cards that would provide a comprehensive overview of available knowledge on any specific topic. To accomplish that, the Bridge would need to do more than build a large-scale catalog; it would also have to assemble the scholars to work on it. To that end, he envisioned creating a universal directory of scholars, “containing the addresses of all living knowledge workers,” along with pointers to the particular kinds of knowledge those individuals had produced. It would act as a contemporary social network in which both people and documents would serve as nodal points.3 Like Otlet, Ostwald also proposed establishing a transnational organization to coordinate all this.


pages: 284 words: 72,406

Scrum: The Art of Doing Twice the Work in Half the Time by Jeff Sutherland, Jj Sutherland

Abraham Maslow, Baxter: Rethink Robotics, business cycle, call centre, clean water, death of newspapers, fail fast, fundamental attribution error, Kaizen: continuous improvement, knowledge worker, meta-analysis, Milgram experiment, minimum viable product, pets.com, RAND corporation, rent-seeking, Richard Feynman, Rodney Brooks, Salesforce, Shai Danziger, Silicon Valley, Tony Hsieh, Toyota Production System, work culture

The Foundation focuses on helping lift the world’s poor out of poverty, not by handouts but by harnessing the underappreciated strengths of the impoverished. In Uganda they decided to try to do just that, by giving the poor the ability to share and build knowledge. To do it, they recruited some 1,200 people in poor, rural areas—people they called “Community Knowledge Workers” (CKWs). The Foundation had already developed mobile applications for microfinance and payments, and they decided to give these knowledge workers not just banking information, but information they could use in their daily lives, which, in Uganda’s case, meant it would be applied to farming. The Foundation provided access to the best agricultural practices by giving the workers smartphones and conveying the information that way.

Not only will that “good” arrive sooner, it will also be measurable. Scrum gives people the ability to measure progress easily. At the Grameen Foundation they have what they call the “Progress Out of Poverty Index.” It measures just how effective each program is. They can poll and see exactly the impact those Community Knowledge Workers with cell phones in rural villages are having. They can experiment with different ways of doing things. They can help people innovate their way out of poverty. For me, it’s amazing to see Scrum returning to its roots. When I first started Scrum, I was inspired by the Grameen Bank and other microfinance institutions and how they helped teams of poor people work together to leverage themselves out of poverty.

., 1.1, 3.1, 3.2 Boston Celtics Bowens, Maneka Boyd, John, 8.1, 8.2 brain mapping, multitasking and Brooks, Fred Brooks, Rodney, 2.1, 9.1 Brooks’s Law Brown, Rachel bureaucracy, 9.1, 9.2 Burndown Chart, 8.1, 9.1, 9.2, app.1 cabals Cairo call center, Zappos cell phones, 5.1, 9.1 driving and, 5.1, 5.2 Central Intelligence Agency (CIA), 3.1, 6.1 Challenger disaster, 3.1, 3.2 Change Control Boards, 8.1, 9.1 Change for Free change orders Change or Die Chicago Tribune, churches, Scrum at Cohn, Mike Cold War collaboration, 7.1, 7.2 Colorado, Sunshine laws in Colorado, University of, Medical School communication saturation, 4.1, 4.2, 8.1 Community Knowledge Workers (CKWs) complacency, dangers of complex adaptive systems, 2.1, 2.2 Cone of Uncertainty, 119 “Constant Error in Psychological Ratings, A” (Thorndike) context switching, loss to continuous improvement Happiness Metric and happy bubbles and, 7.1 contracts Change for Free in government Coomer, Greg Copenhagen Coplien, Jim Coram, Robert corporate culture change in cost overruns Cowan, Nelson cross-functionality, 2.1, 3.1, 3.2, 3.3, 3.4, 7.1, 8.1 Crozier, William customer-responsive models customers: external vs. internal wants of cynicism Daily Stand-Ups (Daily Scrum), 3.1, 4.1, 4.2, 4.3, 7.1, 7.2, 8.1, 8.2, app.1 Dalkey, Norman D-day DeAngelo, Michael Decide, 2.1, 2.2, 2.3, 8.1, 185 decision loop decision making Product Owner and self-control and Declaration of Independence Delivering Happiness (Hsieh), Delphi method, 6.1, 6.2 Deming, W.


pages: 271 words: 77,448

Humans Are Underrated: What High Achievers Know That Brilliant Machines Never Will by Geoff Colvin

Ada Lovelace, autonomous vehicles, Baxter: Rethink Robotics, behavioural economics, Black Swan, call centre, capital asset pricing model, commoditize, computer age, corporate governance, creative destruction, deskilling, driverless car, en.wikipedia.org, flying shuttle, Freestyle chess, future of work, Google Glasses, Grace Hopper, Hans Moravec, industrial cluster, industrial robot, interchangeable parts, job automation, knowledge worker, low skilled workers, Marc Andreessen, meta-analysis, Narrative Science, new economy, rising living standards, self-driving car, sentiment analysis, Silicon Valley, Skype, social intelligence, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, theory of mind, Tim Cook: Apple, transaction costs, Tyler Cowen

The next step: “This de-skilling process, in turn, results in high-skilled workers pushing low-skilled workers even further down the occupational ladder and, to some degree, out of the labor force altogether.” That finding not only makes intuitive sense, it also helps explain America’s unusually low overall employment rate and the stagnation of wages. FROM KNOWLEDGE WORKERS TO RELATIONSHIP WORKERS It sounds as if smart, highly educated people will be scorned in the coming economy—but that is not necessarily the case. To see why not, consider again the situation of lawyers, whose work is increasingly being taken over by infotech. Average lawyers “face a bleak future,” believes Professor McGinnis of Northwestern.

As infotech continues its advance into higher skills, value will continue to move elsewhere. Engineers will stay in demand, it’s safe to say, but tomorrow’s most valuable engineers will not be geniuses in cubicles; rather, they’ll be those who can build relationships, brainstorm, collaborate, and lead. Peter Drucker coined the term “knowledge worker” in the late 1950s to describe the most valuable workers as economies became increasingly information based. We can see that the term is no longer quite right. More people than ever will be working with knowledge, but knowledge won’t be the source of their greatest value. We need a new term: The most valuable people are increasingly relationship workers.

It made sense that the groups with the best social skills would be most successful because what the “socially intelligent participants in our collective intelligence experiment may have been doing was enabling better idea flow by guiding the group toward briefer presentations of more ideas, encouraging responses, and ensuring that everyone contributed equally.” The operational value of social skills was explained. The mystery of how those skills make groups more effective was solved. The people who made teams most effective may or may not have been the best knowledge workers. They were definitely the best relationship workers. PUTTING THE DISCOVERIES TO WORK Human interaction is so powerful that increasing it just a little improves group performance a lot. For example, Pentland and his lab investigated a huge Bank of America call center where the emphasis was on productivity; reducing the average call handle time at that one call center by just 5 percent would save the company $1 million a year.


pages: 246 words: 74,404

Do Nothing: How to Break Away From Overworking, Overdoing, and Underliving by Celeste Headlee

8-hour work day, agricultural Revolution, airport security, Atul Gawande, Bertrand Russell: In Praise of Idleness, correlation does not imply causation, deliberate practice, Downton Abbey, Dunbar number, Elon Musk, estate planning, financial independence, Ford paid five dollars a day, gamification, hedonic treadmill, helicopter parent, Henri Poincaré, hive mind, income inequality, James Watt: steam engine, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Lyft, new economy, Parkinson's law, performance metric, Ronald Reagan, Silicon Valley, Snapchat, Steve Jobs, tech billionaire, tech worker, TED Talk, The Theory of the Leisure Class by Thorstein Veblen, The Wisdom of Crowds, theory of mind, Thorstein Veblen, Torches of Freedom, trickle-down economics, uber lyft, women in the workforce, work culture

We have data on this going back to the 1800s—at the time when unions forced employers to cut hours, factory owners were surprised to find that productivity increased while accidents decreased. Overwork was counterproductive in the days of the sweatshop, and research shows it still is, even in the age of the knowledge worker. This isn’t just about working hours, of course. It’s no surprise that employers will try to get as many hours as they can from their workers and employees will often put in extra time voluntarily in order to earn promotions or raises. That’s understandable. But we are where we are now because of what happened after the victory over working hours.

Northcote Parkinson, for whom the law is named, “is shown in the proverbial phrase ‘It is the busiest man who has time to spare.’ ” Perhaps the reason long hours are unhelpful is that human brains are not designed to put in excessive hours of uninterrupted work. That was true for the employees on Ford’s assembly line and it’s doubly so for the knowledge workers of today. In 1951, two men at the Illinois Institute of Technology kept track of nearly two hundred of their colleagues in the scientific and technical fields. They found that those who put in excessive hours were the least productive of all. After people passed a couple dozen hours in the lab, they saw decreasing returns on their labor.

Metrics can be useful and even enlightening, but if they are overused or even employed to measure things that are unmeasurable like innovation, metrics become destructive. Trying to meet numerical goals is also not particularly inspiring to the human mind, and so metrics don’t encourage creative thought. Surveys reveal that 30 percent of knowledge workers claim they do absolutely no thinking while they’re at work and nearly 60 percent say they do less than half an hour of thinking. It’s fair to say that’s an almost complete lack of mental stimulation. Proving your worth by logging an arbitrary number of hours is more than silly—it’s a practice that is killing productivity and, more seriously, endangering your health.


pages: 512 words: 131,112

Retrofitting Suburbia, Updated Edition: Urban Design Solutions for Redesigning Suburbs by Ellen Dunham-Jones, June Williamson

accelerated depreciation, banking crisis, big-box store, bike sharing, call centre, carbon footprint, Donald Shoup, edge city, gentrification, global village, index fund, iterative process, Jane Jacobs, knowledge worker, land bank, Lewis Mumford, McMansion, megaproject, megastructure, Network effects, new economy, New Urbanism, off-the-grid, peak oil, Peter Calthorpe, place-making, postindustrial economy, Ray Oldenburg, Richard Florida, ride hailing / ride sharing, Savings and loan crisis, Seaside, Florida, Silicon Valley, skinny streets, streetcar suburb, the built environment, The Death and Life of Great American Cities, The Great Good Place, transit-oriented development, upwardly mobile, urban decay, urban renewal, urban sprawl, vertical integration, Victor Gruen, white flight, working poor, young professional, zero-sum game

Developers and municipalities are converting outdated suburban office and industrial parks into walkable, mixed-use business districts that reflect both the changing nature of work in today’s postindustrial economy and the habitat preferences of its leading workers, the “creative class.” Instead of physically, functionally, and stylistically separating the place of work from that of the home in strictly defined single-use areas, today’s retrofits are designed to offer the wired, overworked knowledge worker the multitasking convenience of interconnected mixed use as well as its creativity-enhancing spaces for social networking and recreation. The incorporation of relatively dense urban housing, public spaces, and abundant retail and restaurants into suburban areas formerly limited solely to commercial or industrial activity deliberately blurs the physical boundaries between living, working, and playing.

In a report on the Metro Plan commissioned by BellSouth, local newspaper editorial board member David Goldberg wrote, “The temptation to go farther north was tempered by two factors: the tenuousness of highway capacity and lack of rail service much beyond I-295, and the knowledge that many of the young, highly-skilled knowledge workers they hoped to attract from around the country preferred an urban environment to suburban living.”14 After considerable NIMBY opposition, including several lawsuits from neighbors over parking and tree removal, the three business centers in Lenox Park, Midtown, and Lindbergh City Center were completed in 2004.

Florida argues that the creative class constitutes a distinct segment of society: the one-third of American workers whose jobs require them to creatively solve problems and advance new thinking. In his words, the members of the creative class are paid not to execute a plan, but to tune it. However, given current and projected labor shortages of highly educated, digitally savvy “knowledge workers,” the most sought-after members of this creative class can afford to be choosy about where they want to work. The crux of Florida’s thesis is that the members of this class are increasingly selecting the area in which they want to live before finding a job—reversing the pattern of many of their parents and grandparents.


pages: 280 words: 82,623

What Got You Here Won't Get You There: How Successful People Become Even More Successful by Marshall Goldsmith, Mark Reiter

AOL-Time Warner, business process, cognitive dissonance, financial independence, fixed income, Gordon Gekko, high net worth, knowledge worker, loss aversion, shareholder value, zero-sum game

I can always get someone else. In the past, the key to wealth may have been control of land, materials, plants, and tools. In that environment, the worker needed the company more than the company needed the worker. Today the key to wealth is knowledge. As a result, the company needs the knowledge worker far more than the knowledge worker needs them. To make matters worse, the workers know this! They see themselves as fungible assets—no longer at the mercy of company whim—rather than dispensable commodities. The difference is subtle but real: As a fungible asset, the free agent sees himself as always getting a better job somewhere else; if he were merely a commodity, anyone could replace him (which, we know, is not true anymore).

Checking what you say doesn’t automatically tell you what other people think of you. You may be overly negative, but your colleagues may be capable of living with it. But seeing how people relate to you provides proof that your flaw is serious, that it matters to people, that it’s a problem. Habit #9 Withholding information In the age of knowledge workers, the cliché that information is power is truer than ever—which makes withholding information even more extreme and irritating. Intentionally withholding information is the opposite of adding value. We are deleting value. Yet it has the same purpose: To gain power. It’s the same old need to win, only more devious.

But that doesn’t mean that beating the writer with the stick of a salary deduction would appeal to him either. 2. I know what they know. The days when managers know how to do every job in the company better than anyone else are over. The reason Peter Drucker said that the manager of the future will know how to ask rather than how to tell is because Drucker understood that knowledge workers would know more than any manager does. Well, the future is here with a vengeance. And smart managers need to shed the overconfident bias that they know as much as their employees know in specific areas. It’s a blind spot that diminishes their employees’ abilities and enthusiasm, and ultimately shrinks the boss’s stature. 3.


pages: 254 words: 81,009

Busy by Tony Crabbe

airport security, Bluma Zeigarnik, British Empire, business process, classic study, cognitive dissonance, Daniel Kahneman / Amos Tversky, death from overwork, fear of failure, Frederick Winslow Taylor, gamification, haute cuisine, informal economy, inventory management, Isaac Newton, job satisfaction, karōshi / gwarosa / guolaosi, knowledge worker, Lao Tzu, Larry Ellison, loss aversion, low cost airline, machine readable, Marc Benioff, meta-analysis, Milgram experiment, Paradox of Choice, placebo effect, Richard Feynman, Rubik’s Cube, Salesforce, Saturday Night Live, science of happiness, scientific management, Shai Danziger, Stuart Kauffman, TED Talk, the long tail, Thorstein Veblen, Tim Cook: Apple

No matter how organized you are, you will not be able to time-manage your way back to control. All that happens through better organization is that you do more stuff. Since you are still failing to do most of the things you could, or even should do, doing more things won’t help you feel in control; you will just be busier. In fact, a study by Basex showed that 30 percent of knowledge workers were trying to do so much, they had no time for thought at all, and 58 percent had only between fifteen and thirty minutes to think a day!1 In addition, the usefulness of time management gets less and less by the day as the quantity of information, communication and expectation continues to increase.

This buzz perpetuates our illusion of efficiency; we delude ourselves into mistaking our ability to machine-gun disconnected tasks for working well. In fact, Jonathan B. Spira, an analyst at the business research firm Basex, highlighted the scale of the multitasking illusion. He estimated that the increased inefficiency and ineffectiveness of multitasking was wasting 28 billion hours of knowledge workers time a year in the US alone.14 Break your day into big chunks of activity. The more complex the task, the bigger the chunk of uninterrupted time it needs. Of course, life will intervene at times, the director will tap you on the shoulder and distract you, but your goal should be to maximize chunks of focused time

Email: The TV of Work One of the most obvious domains in which rampant productivity is demonstrated is our response to email. One study of two thousand UK workers found that 77 percent of them would consider “a productive day in the office” to be clearing their inbox.2 Jonathan B. Spira found that reading and processing just one hundred emails (who only has one hundred emails!) uses up half of a knowledge worker’s time.3 I think email has become the TV of work. It offers little, but it asks little too. So rather than do the big work that will make a difference, we turn on the email and pass the time (productively of course). Transforming Our Success Strategy We may not want to be busy, but few of us are willing to let our career aspirations die to achieve a calmer existence.


pages: 322 words: 84,580

The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All by Martin Sandbu

air traffic controllers' union, Airbnb, Alan Greenspan, autonomous vehicles, balance sheet recession, bank run, banking crisis, basic income, Berlin Wall, Bernie Sanders, Big Tech, Boris Johnson, Branko Milanovic, Bretton Woods, business cycle, call centre, capital controls, carbon footprint, carbon tax, Carmen Reinhart, centre right, collective bargaining, company town, debt deflation, deindustrialization, deskilling, Diane Coyle, Donald Trump, Edward Glaeser, eurozone crisis, Fall of the Berlin Wall, financial engineering, financial intermediation, full employment, future of work, gig economy, Gini coefficient, green new deal, hiring and firing, income inequality, income per capita, industrial robot, intangible asset, job automation, John Maynard Keynes: technological unemployment, Kenneth Rogoff, knowledge economy, knowledge worker, labour market flexibility, liquidity trap, longitudinal study, low interest rates, low skilled workers, manufacturing employment, Martin Wolf, meta-analysis, mini-job, Money creation, mortgage debt, new economy, offshore financial centre, oil shock, open economy, pattern recognition, pink-collar, precariat, public intellectual, quantitative easing, race to the bottom, Richard Florida, Robert Shiller, Robert Solow, Ronald Reagan, secular stagnation, social intelligence, TaskRabbit, total factor productivity, universal basic income, very high income, winner-take-all economy, working poor

The UK think tank the Centre for Cities argues, based on successes in the Netherlands and Germany, that making a region thrive depends on increasing the density of its cities to deepen the available pool of knowledge workers available and “make it easier for people and organisations to share information and come up with new ideas.”33 Fourth, a necessary ingredient for a critical mass of knowledge workers is a critical mass of knowledge-intensive jobs. Governments can (in many places, if not everywhere) provide that critical mass by supporting research environments of a certain size. These could be highly research-intensive private institutions, but more obviously they could be research universities (as opposed to educational institutions focused only on teaching), as the economic blogger Noah Smith has strongly advocated as a means of regional regeneration in the United States.34 The evidence supports such calls: research universities create striking economic benefits for the regions they are situated in by increasing the share of high-skilled workers who increase the productivity of local businesses.35 Fifth, and perhaps counterintuitively, aim to globalise the left-behind places.

The second political difficulty is that with divergence in terms of economic success came divergence in the real material interests of groups that were rapidly growing apart. That made traditional electoral coalitions harder to straddle. This has been a particularly acute problem for centre-left parties, which have struggled to stitch together policy programmes that appeal to both the liberal knowledge workers in cities and what remains of the more traditional working class. But in many European countries, the traditional centre-right has also struggled in a party landscape that continues to fragment. One might think that seeing a once-powerful voter coalition fragment would make a party that used to rely on it all the more alert to the underlying problem.

See also United Kingdom Bulgaria, 219–20 business extension services, 205 Canada, 185, 223 capital: financial, 200–201; human, 199–200; physical, 200; taxation of, 170, 175–83 capital regions, 189, 191–92 carbon tax, 183–87 carbon taxes, 224 car washes, 96–98, 110 Case, Anne, 194 central bank policies, 63, 66–67, 89, 106, 133–34, 138–39, 143–44, 146, 163–66 Centre for Cities, 206–7 centrist politics: liberal order failed by, 229–33; programme of economics of belonging for, 233–39 China: as alternative to Western social order, 6; economic policies of, 6, 241n1; and globalisation, 72–73, 75; income growth in, 20, 21; manufacturing in, 25, 75; as shock to social market economy, 9, 77–78, 81, 249n8 cities: economic growth in, 29–31; income inequalities involving, 190; knowledge workers in, 29–30; role of, in new economies, 29–31; wealth concentration in, 153–54 climate change, 183–84, 223, 237 Clinton, Bill, 117 Clinton, Hillary, 33, 45 coal mining, 126 Cold War, 6 collective bargaining, 52, 54, 56–58, 61, 101, 103, 110, 121–23 communism, collapse of, 211, 231 community banks, 206, 268n25 comparative advantage, 74 competition, market, 5, 30, 112–13, 127–30 Contract with America, 40 corporate taxes, 178–83, 187, 218–19, 264n18 credit cycle, 160–62 credit financing, 155–60 cross-border supply chains, 74–75 cultural values: conflicts of, 15–16; economic factors vs., as driver of voter behaviour, 15–16, 37–49, 230–31; economic grievance expressed in, 48; economic inequality as influence on, 31; nationalism and, 14–15, 38; political significance of, 15–16, 37, 41–42, 47–49; populism and, 15, 38, 42–43; populist vs. elite, 14–15 deaths of despair, 36, 194 Deaton, Angus, 194 debt deflation, 156 debt financing, 155–60 debt restructuring, 159–60, 166 deindustrialisation, 29, 56–62 DeLong, Bradford, 145 demand management, 106, 132–33, 138–44, 146–47, 151, 216–17 Denmark: economic change as trigger for populism in, 42; education policy in, 108; egalitarianism and prosperity in, 99; employment in, 110; job mobility in, 107–8; job training programmes in, 108 digital revolution, market abuse facilitated by, 30, 113, 128–30 Dustmann, Christian, 47 eastern Europe, 191–92 Eatwell, Roger, 38 eBay, 69 economic change, 17–36; causes of, 18, 21; community-level effects of, 9–10, 29–31, 45–47, 49; cultural values elicited by, 48; cultural values vs., as driver of voter behaviour, 15–16, 37–49; gender as factor in, 33–34; government response to, 9, 11–13, 21, 51, 54–70; grievances about, 8, 18, 35–36, 48; harms suffered by the vulnerable in, 9, 35, 61–62, 68, 135, 137–38, 141; illiberalism linked to, 8, 15, 36, 38–49, 39; manufacturing sector and, 22–26; nationalism linked to, 8; populism linked to, 21, 26, 39–44; role of cognitive skills in, 27–29; structural change and, 55–62; usurpation story about, 18, 21–22, 26; Western income stagnation and, 19–21 economic insecurity: community-level effects of, 9–10; illiberal attitudes mobilised by, 48; income inequality linked to, 58–60; policy decisions exacerbating, 61; precarious employment and, 58–61; social contract undermined by, 58–62; in Sweden, 44.


pages: 352 words: 120,202

Tools for Thought: The History and Future of Mind-Expanding Technology by Howard Rheingold

Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Bletchley Park, card file, cellular automata, Charles Babbage, Claude Shannon: information theory, combinatorial explosion, Compatible Time-Sharing System, computer age, Computer Lib, Computing Machinery and Intelligence, conceptual framework, Conway's Game of Life, Douglas Engelbart, Dynabook, experimental subject, Hacker Ethic, heat death of the universe, Howard Rheingold, human-factors engineering, interchangeable parts, invention of movable type, invention of the printing press, Ivan Sutherland, Jacquard loom, John von Neumann, knowledge worker, machine readable, Marshall McLuhan, Menlo Park, Neil Armstrong, Norbert Wiener, packet switching, pattern recognition, popular electronics, post-industrial society, Project Xanadu, RAND corporation, Robert Metcalfe, Silicon Valley, speech recognition, Steve Jobs, Steve Wozniak, Stewart Brand, Ted Nelson, telemarketer, The Home Computer Revolution, Turing machine, Turing test, Vannevar Bush, Von Neumann architecture

Sometime in the early 1970s, Engelbart was inspired by a book, just as he had been enthused by magazine articles by Bush and Licklider in years past. This time, it was the theory proposed by business management expert Peter Drucker in the late 1960s. Knowledge, by Drucker's definition, is the systematic organization of information; a knowledge worker is a person who creates and applies knowledge to productive ends. The rapid emergence of an economy based primarily on knowledge, Drucker predicted, would be the most significant social transformation of the last quarter of the twentieth century. Drucker noted something about the future of knowledge in the American economy that seemed to converge, from an unexpected but not unpredictable direction, with the course Engelbart had plotted for the augmentation project at the beginning of its second decade.

Acknowledging their debt to Drucker's ideas, the authors pointed out that the special computer systems that had been evolving at ARC were designed to alleviate the problems associated with "the accelerating rate at which knowledge and knowledge work are coming to dominate the working activity of our society': In 1900 the majority and the largest single group of Americans obtained their livelihood from the farm. By 1940 the largest single group was industrial workers, especially semiskilled machine operators. By 1960, the largest single group was professional, managerial, and technical -- that is, knowledge workers. By 1975-80 this group will embrace the majority of Americans. The productivity of knowledge has already become the key to national productivity, competitive strength, and economic achievement, according to Drucker. It is knowledge, not land, raw materials, or capital, that has become the central factor in production.

It is impossible to tell if there would have been a PARC if there hadn't been an ARC, and while the miniaturization revolution made personal computers inevitable in a technical sense, there is good reason to question whether the kind of personal computing that exists today would ever have been developed if it had not been for the pathfinding work accomplished by Engelbart and his colleagues. Doug Engelbart and the people who helped him build ARC did not succeed in building a knowledge workers' utopia. Some hackers do seem to be pathologically attached to computers. These facts might have very little to do with the way other people will use the descendants of the tools they created. In fact, if you think about it, some of the wildest and woolliest of the MAC and ARC hackers were following in a long tradition of people who weren't exactly run-of-the-mill citizens -- from Babbage and Lovelace to Turing and von Neumann.


pages: 204 words: 54,395

Drive: The Surprising Truth About What Motivates Us by Daniel H. Pink

Abraham Maslow, affirmative action, behavioural economics, call centre, Daniel Kahneman / Amos Tversky, Dean Kamen, deliberate practice, Firefox, Frederick Winslow Taylor, functional fixedness, game design, George Akerlof, Isaac Newton, Jean Tirole, job satisfaction, knowledge worker, longitudinal study, performance metric, profit maximization, profit motive, Results Only Work Environment, scientific management, side project, TED Talk, the built environment, Tony Hsieh, transaction costs, zero-sum game

With the rise of individual longevity and the decline of job security, he argued, individuals have to think hard about where their strengths lie, what they can contribute, and how they can improve their own performance. The need to manage oneself, he wrote shortly before he died in 2005, is creating a revolution in human affairs. Type I Insight: Demanding of knowledge workers that they define their own task and its results is necessary because knowledge workers must be autonomous . . . workers should be asked to think through their own work plans and then to submit them. What am I going to focus on? What results can be expected for which I should be held accountable? By what deadline? More Info: Drucker wrote many books, and many have been written about him, but a great starting place is The Daily Drucker, a small gem that provides 366 insights and action points for putting his ideas into practice.

Presidential Medal of Freedom, and taught for three decades at the Claremont Graduate University Business School that now bears his name. Big Idea: Self-management. Drucker's primary contribution is not a single idea, Jim Collins once wrote, but rather an entire body of work that has one gigantic advantage: nearly all of it is essentially right. Drucker coined the term knowledge worker, foresaw the rise of the nonprofit sector, and was among the first to stress the primacy of the customer in business strategy. But although he's best known for his thoughts on managing businesses, toward the end of his career Drucker signaled the next frontier: self-management . With the rise of individual longevity and the decline of job security, he argued, individuals have to think hard about where their strengths lie, what they can contribute, and how they can improve their own performance.


pages: 519 words: 155,332

Tailspin: The People and Forces Behind America's Fifty-Year Fall--And Those Fighting to Reverse It by Steven Brill

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, activist fund / activist shareholder / activist investor, affirmative action, Affordable Care Act / Obamacare, airport security, American Society of Civil Engineers: Report Card, asset allocation, behavioural economics, Bernie Madoff, Bernie Sanders, Blythe Masters, Bretton Woods, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carl Icahn, carried interest, clean water, collapse of Lehman Brothers, collective bargaining, computerized trading, corporate governance, corporate raider, corporate social responsibility, Credit Default Swap, currency manipulation / currency intervention, deal flow, Donald Trump, electricity market, ending welfare as we know it, failed state, fake news, financial deregulation, financial engineering, financial innovation, future of work, ghettoisation, Glass-Steagall Act, Gordon Gekko, hiring and firing, Home mortgage interest deduction, immigration reform, income inequality, invention of radio, job automation, junk bonds, knowledge economy, knowledge worker, labor-force participation, laissez-faire capitalism, low interest rates, Mahatma Gandhi, Mark Zuckerberg, Michael Milken, military-industrial complex, mortgage tax deduction, Neil Armstrong, new economy, Nixon triggered the end of the Bretton Woods system, obamacare, old-boy network, opioid epidemic / opioid crisis, paper trading, Paris climate accords, performance metric, post-work, Potemkin village, Powell Memorandum, proprietary trading, quantitative hedge fund, Ralph Nader, ride hailing / ride sharing, Robert Bork, Robert Gordon, Robert Mercer, Ronald Reagan, Rutger Bregman, Salesforce, shareholder value, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, stock buybacks, Tax Reform Act of 1986, tech worker, telemarketer, too big to fail, trade liberalization, union organizing, Unsafe at Any Speed, War on Poverty, women in the workforce, working poor

That made those at the top smarter and better equipped to dominate what was becoming a knowledge economy. It was one of the twentieth century’s great breakthroughs for equality. As you will read, I was a beneficiary of the change and also played a role in embedding it in the legal industry. It had the unintended consequence, however, of entrenching a new aristocracy of rich knowledge workers who were much smarter and more driven than the old-boy network of heirs born on third base. From the 1970s on, they upended corporate America and Wall Street with inventions in law and finance that created an economy built on deals that moved corporate assets around instead of building new assets.

In that sense, one could call this great unraveling of American exceptionalism a perfect storm, but one that paradoxically featured what appeared to be bright skies all along the way—milestones in innovation in all the arenas that make America great. Although the chapters that follow each focus on one element of the breakdown, the elements were interrelated. For example, the rise of meritocracy that created a newly entrenched aristocracy of knowledge workers powered the transformation of America into a finance-dominated economy. That in turn created still more demand for financial engineers and lawyers, which further entrenched the meritocracy and widened income inequality. Similarly, the emergence of the First Amendment as a tool enabling unlimited money to finance campaign contributions and to pay for lobbyists to dominate Washington allowed business interests to prevail in multiple battles against the middle class, including fights over unionization.

They did it not only by following Jensen’s doctrine and making their compensation rise or fall with the stock price, but also by inventing ways to use shareholder democracy to achieve the ultimate in accountability: throwing managers out of their jobs and replacing them with those who would more single-mindedly boost the short-term price of the stock. The result would be the emergence of an economy where the most money was to be made not by building companies but by deploying thousands of the smartest knowledge workers of the new meritocracy to engineer new ways to rearrange who owned them and create new forms of debt and other financial instruments so that shareholders might score a quick win. THE TAKEOVER FIGHTER Joseph Flom was a pioneering soldier of the meritocracy. Long before meritocracy became the norm two decades later, Flom—short, obese, the son of struggling Jewish immigrants—talked his way into the Harvard Law School class of 1948.


pages: 603 words: 182,781

Aerotropolis by John D. Kasarda, Greg Lindsay

3D printing, air freight, airline deregulation, airport security, Akira Okazaki, Alvin Toffler, An Inconvenient Truth, Asian financial crisis, back-to-the-land, barriers to entry, Bear Stearns, Berlin Wall, big-box store, blood diamond, Boeing 747, book value, borderless world, Boris Johnson, British Empire, business cycle, call centre, carbon footprint, Cesare Marchetti: Marchetti’s constant, Charles Lindbergh, Clayton Christensen, clean tech, cognitive dissonance, commoditize, company town, conceptual framework, credit crunch, David Brooks, David Ricardo: comparative advantage, Deng Xiaoping, deskilling, digital map, disruptive innovation, Dr. Strangelove, Dutch auction, Easter island, edge city, Edward Glaeser, Eyjafjallajökull, failed state, financial engineering, flag carrier, flying shuttle, food miles, Ford Model T, Ford paid five dollars a day, Frank Gehry, fudge factor, fulfillment center, full employment, future of work, Future Shock, General Motors Futurama, gentleman farmer, gentrification, Geoffrey West, Santa Fe Institute, George Gilder, global supply chain, global village, gravity well, Great Leap Forward, Haber-Bosch Process, Hernando de Soto, high-speed rail, hive mind, if you build it, they will come, illegal immigration, inflight wifi, intangible asset, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), intermodal, invention of the telephone, inventory management, invisible hand, Jane Jacobs, Jeff Bezos, Jevons paradox, Joan Didion, Kangaroo Route, Kickstarter, Kiva Systems, knowledge worker, kremlinology, land bank, Lewis Mumford, low cost airline, Marchetti’s constant, Marshall McLuhan, Masdar, mass immigration, McMansion, megacity, megaproject, Menlo Park, microcredit, military-industrial complex, Network effects, New Economic Geography, new economy, New Urbanism, oil shale / tar sands, oil shock, One Laptop per Child (OLPC), peak oil, Pearl River Delta, Peter Calthorpe, Peter Thiel, pets.com, pink-collar, planned obsolescence, pre–internet, RFID, Richard Florida, Ronald Coase, Ronald Reagan, Rubik’s Cube, savings glut, Seaside, Florida, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, SimCity, Skype, smart cities, smart grid, South China Sea, South Sea Bubble, sovereign wealth fund, special economic zone, spice trade, spinning jenny, starchitect, stem cell, Steve Jobs, Suez canal 1869, sunk-cost fallacy, supply-chain management, sustainable-tourism, tech worker, telepresence, the built environment, The Chicago School, The Death and Life of Great American Cities, the long tail, The Nature of the Firm, thinkpad, Thomas L Friedman, Thomas Malthus, Tony Hsieh, trade route, transcontinental railway, transit-oriented development, traveling salesman, trickle-down economics, upwardly mobile, urban planning, urban renewal, urban sprawl, vertical integration, Virgin Galactic, walkable city, warehouse robotics, white flight, white picket fence, Yogi Berra, zero-sum game

Moving in from the residential rings, the next layer was slated for the manicured campuses of those same multinationals—the back offices, R & D labs, and regional headquarters of the Toyotas and Nokias per-suaded to relocate. Here, one would also find hotels, shopping malls, convention centers—anything and everything to sustain the knowledge workers laboring in the shadow of the airport. In the innermost rings, essentially abutting the runway fences, were the free-trade zones, factories, warehouses, and logistics hubs designed for the FedEx/UPS/DHL combine—the just-in-time manufacturers and suppliers for whom time and distance from the belly of a 747 equals, quite literally, cost.

But it’s too much for my neighbors in Park Slope, another patch of brownstones down the hill to the east, where the typical approaching plane swoops so low you can clearly read the “Delta” painted on its sides. The brownstoners have lobbied unsuccessfully to have the flight paths moved over some less fortunate neighborhood. They’re much like my neighbors here—lawyers, writers, and financiers. “Knowledge workers” is what they would call them in New Songdo, where the item at the top of Stan Gale’s to-do list is to woo more of them there. A few blocks west are the docks of Red Hook, where a faint few ships unload containers by day and blow foghorns by night. It’s a rumble as startling as jet wash, though several degrees more romantic because their era seems farther removed.

Another is on-site employers any mayor (or governor) would kill for, including a film studio and a maker of solar cells that opened a $100 million factory there last year. But taking their cue from Stapleton’s tenants, the Ratners expect that nearly everyone here will work from home. As BusinessWeek put it, Mesa del Sol “will be the first place of its kind built from scratch and targeted at the creative class.” A big marketing push will be made to coastal knowledge workers looking to cash out of their million-dollar split levels, move inland, and work remotely for their companies. Mansionettes will carry price tags of up to $400,000, about the same as the average Manhattan studio. They’ll feature home offices sequestered from family foot traffic and fully wired for transnational connections.


pages: 196 words: 57,974

Company: A Short History of a Revolutionary Idea by John Micklethwait, Adrian Wooldridge

affirmative action, AOL-Time Warner, barriers to entry, Bear Stearns, Bonfire of the Vanities, book value, borderless world, business process, Carl Icahn, Charles Lindbergh, classic study, company town, Corn Laws, Cornelius Vanderbilt, corporate governance, corporate raider, corporate social responsibility, creative destruction, credit crunch, crony capitalism, double entry bookkeeping, Etonian, Fairchild Semiconductor, financial engineering, Great Leap Forward, hiring and firing, Ida Tarbell, industrial cluster, invisible hand, James Watt: steam engine, John Perry Barlow, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, junk bonds, knowledge economy, knowledge worker, laissez-faire capitalism, manufacturing employment, market bubble, Michael Milken, military-industrial complex, mittelstand, new economy, North Sea oil, pneumatic tube, race to the bottom, railway mania, Ronald Coase, scientific management, Silicon Valley, six sigma, South Sea Bubble, Steve Jobs, Steve Wozniak, strikebreaker, The Nature of the Firm, The Wealth of Nations by Adam Smith, Thorstein Veblen, trade route, transaction costs, Triangle Shirtwaist Factory, tulip mania, wage slave, William Shockley: the traitorous eight

In “the assembly-line mentality,” warned Drucker, workers were valued purely in terms of how closely they resembled machines.15 In fact, the most valuable thing about workers was not their hands, but their brains. The importance of empowering workers became more important when Drucker identified a new class of “knowledge workers” (as he dubbed them in 1959). These were lessons that Japanese managers (who read Drucker’s work assiduously) learned rather more quickly than GM. The carmaker’s attempt at talking to its workers came down to suggesting they write an essay, “My Job and Why I Like It.” CORPORATE IMPERIALISM One sign of the success of managerial capitalism is the way that it co-opted its state equivalent after 1945.

It was too slow, too methodical, too hierarchical, too reliant on economies of scale that were withering away. It also proved too cumbersome when it came to husbanding knowledge. Brainpower had always mattered in business. But this truism became far more valid after 1975, as Peter Drucker’s knowledge workers finally began to make their weight felt. By the end of 2001, General Motors boasted net-book assets (tangible things like factories, cars, and even cash) of $52 billion, but its market value of $30 billion was only a fifth of that of Merck, a drug firm that could muster a balance sheet value of $7 billion, but had a far more valuable trove of knowledge.

It will be replaced by the “network.” Some economies have long centered on webs of interlocking businesses, such as Japan’s keiretsu and South Korea’s chaebol. But the models most commonly cited are the boundaryless firms of Silicon Valley. In theory, these loose-fitting alliances are the ideal homes for Peter Drucker’s knowledge workers. This sounds attractive. But the networking concept has (appropriately enough) bundled together too many contradictory ideas. The older sort of networks, like the keiretsu, which were largely attempts to shield member companies from the market, are now being pulled apart by it. The networks in Silicon Valley, which rely on their sensitivity to market movements, look far more modern, but they are still built around companies.


pages: 116 words: 31,356

Platform Capitalism by Nick Srnicek

"World Economic Forum" Davos, 3D printing, additive manufacturing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Big Tech, Californian Ideology, Capital in the Twenty-First Century by Thomas Piketty, cloud computing, collaborative economy, collective bargaining, data science, deindustrialization, deskilling, Didi Chuxing, digital capitalism, digital divide, disintermediation, driverless car, Ford Model T, future of work, gig economy, independent contractor, Infrastructure as a Service, Internet of things, Jean Tirole, Jeff Bezos, knowledge economy, knowledge worker, liquidity trap, low interest rates, low skilled workers, Lyft, Mark Zuckerberg, means of production, mittelstand, multi-sided market, natural language processing, Network effects, new economy, Oculus Rift, offshore financial centre, pattern recognition, platform as a service, quantitative easing, RFID, ride hailing / ride sharing, Robert Gordon, Salesforce, self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, software as a service, surveillance capitalism, TaskRabbit, the built environment, total factor productivity, two-sided market, Uber and Lyft, Uber for X, uber lyft, unconventional monetary instruments, unorthodox policies, vertical integration, warehouse robotics, Zipcar

In Italian autonomism, this would be a claim about the ‘general intellect’, where collective cooperation and knowledge become a source of value.3 Such an argument also entails that the labour process is increasingly immaterial, oriented towards the use and manipulation of symbols and affects. Likewise, the traditional industrial working class is increasingly replaced by knowledge workers or the ‘cognitariat’. Simultaneously, the generalised deindustrialisation of the high-income economies means that the product of work becomes immaterial: cultural content, knowledge, affects, and services. This includes media content like YouTube and blogs, as well as broader contributions in the form of creating websites, participating in online forums, and producing software.4 A related claim is that material commodities contain an increasing amount of knowledge, which is embodied in them.

Microsoft, meanwhile, has built an artificial intelligence platform that gives businesses the software development tools to build their own bots (‘intelligence as a service’, in the contemporary lingo). And International Business Machines (IBM) is moving to make quantum cloud computing a reality.38 Cloud platforms ultimately enable the outsourcing of much of a company’s information technology (IT) department. This process pushes knowledge workers out and often enables the automation of their work as well. Data analysis, storage of customer information, maintenance of a company’s servers – all of this can be pushed to the cloud and provides the capitalist rationale for using these platforms. The logic behind them is akin to how utilities function.


pages: 370 words: 105,085

Joel on Software by Joel Spolsky

AltaVista, AOL-Time Warner, Apple Newton, barriers to entry, Beos Apple "Steve Jobs" next macos , business logic, c2.com, commoditize, Dennis Ritchie, General Magic , George Gilder, index card, Jeff Bezos, knowledge worker, machine readable, Metcalfe's law, Mitch Kapor, Multics, Network effects, new economy, off-by-one error, PageRank, PalmPilot, Paul Graham, pneumatic tube, profit motive, reality distortion field, Robert X Cringely, shareholder value, Silicon Valley, Silicon Valley startup, SimCity, six sigma, slashdot, Steve Ballmer, Steve Jobs, the scientific method, thinkpad, VA Linux, web application

There are extensively documented productivity gains provided by giving knowledge workers space, quiet, and privacy. The classic software management book Peopleware documents these productivity benefits extensively.8 __________ 6. See Chapter 24. 7. For example, the course Daily Themes at Yale University (see www.yale.edu/engl450b/) is famous for requiring students to write an essay every day. 8. Tom DeMarco and Timothy Lister, Peopleware: Productive Projects and Teams, Second Edition (Dorset House Publishing, 1999). Here's how it works. We all know that knowledge workers work best by getting into "flow," also known as being "in the zone," where they are fully concentrated on their work and fully tuned out of their environment.

If a coworker asks you a question, causing a one-minute interruption, but this knocks you out of the zone badly enough that it takes you half an hour to get productive again, your overall productivity is in serious trouble. If you're in a noisy bullpen environment like the type that caffeinated dotcoms love to create, with marketing guys screaming on the phone next to programmers, your productivity will plunge as knowledge workers get interrupted time after time and never get into the zone. With programmers, it's especially hard. Productivity depends on being able to juggle a lot of little details in short-term memory all at once. Any kind of interruption can cause these details to come crashing down. When you resume work, you can't remember any of the details (like local variable names you were using, or where you were up to in implementing that search algorithm) and you have to keep looking these things up, which slows you down a lot until you get back up to speed.

"Reps who spent more than 13 minutes talking to a customer didn't get their monthly bonuses," writes Katrina Brooker.2 "As a result, workers began doing just about anything to get customers off the phone: pretending the line wasn't working, hanging up, or often—at great expense—sending them new parts or computers. Not surprisingly, Gateway's customer satisfaction rates, once the best in the industry, fell below average." It seems like any time you try to measure the performance of knowledge workers, things rapidly disintegrate, and you get what Robert D. Austin calls measurement dysfunction. His book Measuring and Managing Performance in Organizations3 is an excellent and thorough survey of the subject. Managers like to implement measurement systems, and they like to tie compensation to performance based on these measurement systems.


pages: 585 words: 151,239

Capitalism in America: A History by Adrian Wooldridge, Alan Greenspan

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, agricultural Revolution, air freight, Airbnb, airline deregulation, Alan Greenspan, American Society of Civil Engineers: Report Card, Asian financial crisis, bank run, barriers to entry, Bear Stearns, Berlin Wall, Blitzscaling, Bonfire of the Vanities, book value, Bretton Woods, British Empire, business climate, business cycle, business process, California gold rush, Charles Lindbergh, cloud computing, collateralized debt obligation, collective bargaining, Corn Laws, Cornelius Vanderbilt, corporate governance, corporate raider, cotton gin, creative destruction, credit crunch, debt deflation, Deng Xiaoping, disruptive innovation, Donald Trump, driverless car, edge city, Elon Musk, equal pay for equal work, Everybody Ought to Be Rich, Fairchild Semiconductor, Fall of the Berlin Wall, fiat currency, financial deregulation, financial engineering, financial innovation, fixed income, Ford Model T, full employment, general purpose technology, George Gilder, germ theory of disease, Glass-Steagall Act, global supply chain, Great Leap Forward, guns versus butter model, hiring and firing, Ida Tarbell, income per capita, indoor plumbing, informal economy, interchangeable parts, invention of the telegraph, invention of the telephone, Isaac Newton, Jeff Bezos, jimmy wales, John Maynard Keynes: technological unemployment, Joseph Schumpeter, junk bonds, Kenneth Rogoff, Kitchen Debate, knowledge economy, knowledge worker, labor-force participation, land bank, Lewis Mumford, Louis Pasteur, low interest rates, low skilled workers, manufacturing employment, market bubble, Mason jar, mass immigration, McDonald's hot coffee lawsuit, means of production, Menlo Park, Mexican peso crisis / tequila crisis, Michael Milken, military-industrial complex, minimum wage unemployment, mortgage debt, Myron Scholes, Network effects, new economy, New Urbanism, Northern Rock, oil rush, oil shale / tar sands, oil shock, Peter Thiel, Phillips curve, plutocrats, pneumatic tube, popular capitalism, post-industrial society, postindustrial economy, price stability, Productivity paradox, public intellectual, purchasing power parity, Ralph Nader, Ralph Waldo Emerson, RAND corporation, refrigerator car, reserve currency, rising living standards, road to serfdom, Robert Gordon, Robert Solow, Ronald Reagan, Sand Hill Road, savings glut, scientific management, secular stagnation, Silicon Valley, Silicon Valley startup, Simon Kuznets, Social Responsibility of Business Is to Increase Its Profits, South Sea Bubble, sovereign wealth fund, stem cell, Steve Jobs, Steve Wozniak, strikebreaker, supply-chain management, The Great Moderation, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, too big to fail, total factor productivity, trade route, transcontinental railway, tulip mania, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, Unsafe at Any Speed, Upton Sinclair, urban sprawl, Vannevar Bush, vertical integration, War on Poverty, washing machines reduced drudgery, Washington Consensus, white flight, wikimedia commons, William Shockley: the traitorous eight, women in the workforce, Works Progress Administration, Yom Kippur War, young professional

Even when the manufacturing sector boomed it didn’t create as many jobs as it had in the past: from 1983 to 1989, real value added by manufacturing grew by 30 percent, but employment only grew by 5.5 percent. Unforgiving competition from abroad forced manufacturing companies to reduce production costs by closing inefficient plants, adopting new technologies, or moving their operations abroad. Meanwhile, knowledge workers advanced rapidly, particularly knowledge workers in the IT and financial-services sectors. Brain-intensive companies such as Microsoft and Apple took over from Ford and General Motors as the symbols of modern times. Even old-line companies became more brain-intensive: manufacturers focused on producing highly engineered products for precise niches rather than on standardized products for mass markets.

And yet this was the manufacturing sector’s swan song: the 1956 census revealed that there were more Americans doing white-collar jobs than blue-collar ones, and the most far-sighted commentators asked whether manual workers would go the way of agricultural workers. Peter Drucker coined the phrase “knowledge worker” to describe the rising class. Daniel Bell spotted a “post-industrial society” emerging in the womb of industrial society. Americans began to regard their prowess in winning Nobel Prizes as a measure of the country’s economic virility—between 1943 and 1969, America won twenty-one Nobel Prizes in Physics, far more than any other country, though eleven of the winners were European refugees.

Mitchell would have been a familiar figure to the great entrepreneurs of the late nineteenth century: a man obsessed with using mechanical innovations to wrestle resources out of the unforgiving soil. But this era also saw two momentous developments that would have shocked Rockefeller and company far more than using water to extract oil out of rock: the replacement of blue-collar workers with knowledge workers at the heart of the economy and the advance of women in the workforce. Reagan, Bush, and Clinton didn’t just preside over a technological revolution. They also presided over a social revolution that reached into almost every American home. THE NEW WORKFORCE The America of the golden age had been dominated by men and machines.


pages: 325 words: 73,035

Who's Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life by Richard Florida

Abraham Maslow, active measures, assortative mating, back-to-the-city movement, barriers to entry, big-box store, blue-collar work, borderless world, BRICs, business climate, Celebration, Florida, correlation coefficient, creative destruction, dark matter, David Brooks, David Ricardo: comparative advantage, deindustrialization, demographic transition, edge city, Edward Glaeser, epigenetics, extreme commuting, financial engineering, gentrification, Geoffrey West, Santa Fe Institute, happiness index / gross national happiness, high net worth, income inequality, industrial cluster, invention of the telegraph, Jane Jacobs, job satisfaction, Joseph Schumpeter, knowledge economy, knowledge worker, low skilled workers, megacity, new economy, New Urbanism, Peter Calthorpe, place-making, post-work, power law, Richard Florida, risk tolerance, Robert Gordon, Robert Shiller, Seaside, Florida, Silicon Valley, Silicon Valley startup, superstar cities, The Death and Life of Great American Cities, the strength of weak ties, The Wealth of Nations by Adam Smith, Thomas L Friedman, Tyler Cowen, urban planning, World Values Survey, young professional

She wasn’t looking for job security—at least not yet. Still, I had to imagine that at some point she would want—and need—the assurance that she could continue to do what she loved without risking her financial well-being. In her old life, this woman had been what the late Peter Drucker called a “knowledge worker.” She’d gotten a good education and scored a job in high-level information with a reputable agency of the federal government.2 And she ended up hating it. The key to her professional happiness, she realized, was not in applying the knowledge she had learned in school but in using her innate creative abilities.

Chapter 7 1 Dan Pink, Free Agent Nation, Warner Books, 2001. 2 Peter Drucker, Post-Capitalist Society, Harper Business, 1993; Drucker, “Beyond the Information Revolution,” Atlantic Monthly, October 1999, pp. 47-57; Drucker, “The Next Society,” The Economist, November 1, 2001, pp. 1-20. Fritz Machlup is often credited with the term “knowledge worker” from his 1962 book The Production and Distribution of Knowledge in the United States, Princeton University Press, 1962. 3 See Richard Florida, The Rise of the Creative Class, Basic Books, 2002. Data updated by Kevin Stolarick. 4 “The World’s Richest People,” Forbes, March 8, 2007. 5 Richard Florida, Charlotta Mellander, and Kevin Stolarick, “Inside the Black Box of Economic Development: Human Capital, the Creative Class, and Tolerance,” Journal of Economic Geography, 8, 5, 2008. 6 The correlations between occupation and per capita income are as follows: computer and math (.659); business and finance (.549); arts, entertainment, and media (.511); sales (.480); engineering and architecture (.472); science (.393); law (.390); and management (.358). 7 The correlations with regional income are as follows: health care occupations (.052); education occupations (.055). 8 See for example, Alfred Weber, Theory of the Location of Industries, University of Chicago Press, 1929 (1st ed., 1909). 9 Michael Piore and Charles Sabel, The Second Industrial Divide, Basic Books, 1984. 10 Alfred Marshall, Principles of Economics, Cosimo Classics, abridged ed., 2006 (1st ed., 1890). 11 Michael Porter, “Clusters and the New Economics of Competition,” Harvard Business Review, November-December 1998; Porter, “Location, Clusters, and Company Strategy,” in Gordon Clark, Meric Gertler, and Mayrann Feldman, eds., Oxford Handbook of Economic Geography, Oxford University Press, 2000; and Porter, “Location, Competition, and Economic Development: Local Clusters in a Global Economy,” Economic Development Quarterly 14, 1, February 2000, pp. 15-34. 12 Joseph Cortright and Heike Mayer, Signs of Life: The Growth of Biotechnology Centers in the US, Brookings Institution, Center for Metropolitan Policy, 2001. 13 Pui-Wing Tam, “New Hot Spot for High Tech Firms Is the Old One,” Wall Street Journal, October 5, 2006. 14 Ann Markusen and Greg Schrock, “The Distinctive City: Divergent Patterns in Growth, Hierarchy, and Specialization,” Urban Studies 43, 8, July 2006, pp. 1301-1323. 15 Maryann Feldman and Roger Martin, “Jurisdictional Advantage,” National Bureau of Economic Research, October 2004. 16 Dan Fitzpatrick, “Extreme Commuters at PNC Raise Eyebrows,” Pittsburgh Post-Gazette, August 7, 2005. 17 Robert D.

See Initial public offering Irrational Exuberance (Shiller) Israel Italy Ithaca, New York Jackson, Scott Jacobs, Jane Jagger, Mick Japan super-megaregions and Jihad Jobs, Steve Johns Hopkins University Jolliffe, Lynn Journal of Economic Literature Jurisdictional advantage Kahneman, Daniel Katsuyama Kefentse, Kwende Kenney, Martin Kingston, Ontario Knight Frank Knowledge workers Kodak Kuala Lumpur Lang, Robert Lansing, Michigan Las Vegas Latin America Leadership place choice and Leamer, Edward Leave It to Beaver (television series) Led Zeppelin Leeds Leonhardt, David Lexington Life decisions stages in Life partners Light-based regional product (LRP) Lisbon(fig.)


pages: 791 words: 85,159

Social Life of Information by John Seely Brown, Paul Duguid

Alvin Toffler, business process, Charles Babbage, Claude Shannon: information theory, computer age, Computing Machinery and Intelligence, cross-subsidies, disintermediation, double entry bookkeeping, Frank Gehry, frictionless, frictionless market, future of work, George Gilder, George Santayana, global village, Goodhart's law, Howard Rheingold, informal economy, information retrieval, invisible hand, Isaac Newton, John Markoff, John Perry Barlow, junk bonds, Just-in-time delivery, Kenneth Arrow, Kevin Kelly, knowledge economy, knowledge worker, lateral thinking, loose coupling, Marshall McLuhan, medical malpractice, Michael Milken, moral hazard, Network effects, new economy, Productivity paradox, Robert Metcalfe, rolodex, Ronald Coase, scientific management, shareholder value, Shoshana Zuboff, Silicon Valley, Steve Jobs, Superbowl ad, tacit knowledge, Ted Nelson, telepresence, the medium is the message, The Nature of the Firm, the strength of weak ties, The Wealth of Nations by Adam Smith, Thomas Malthus, transaction costs, Turing test, Vannevar Bush, Y2K

From within organizations come sounds of fighting between the IT (information technology) and HR (human resources) factions over who "owns" knowledge management. 2 Similarly, technology giants have entered a propaganda war over who best understands knowledge.3 Elsewhere, the management consultants are maneuvering for high ground in the knowledge stakes. In the process, knowledge has gained sufficient momentum to push aside not only concepts like reengineering but also information, whose rule had previously looked so secure. To be, in Peter Drucker's term, a "knowledge worker" now seems much more respectable than being a mere "information worker," though for a while the latter seemed very much the thing to be. Similarly, pundits are pushing "information economy" and the venerable ''information age" aside in the name of the more Page 119 voguish "knowledge economy" and "knowledge age."

Similarly, the sort of blind downsizing produced by business process reengineering has caused organizations to lose "collective memory."7 It's impossible to assess the value of such layoffs. But the business journalist Thomas Stewart estimated the cost of AT&T's last round as equivalent to an $8 billion capital write-off.8 In all, the job of knowledge management cannot involve just the protection and exploitation of patents. It must include the cultivation of knowledgeable workers. Focusing on information, however, makes this kind of cultivation difficult. Known Problems Curiously, if knowledge will go out of the door in the heads of people who have developed and worked with that knowledge, it seems reluctant to go out (or stay behind) in the heads of people Page 123 who have not been so involved.

The maxim "Forget all you know" doesn't show much interest in accrued human capital. 17. Walsh and Bayma, 1995. 18. Orr, 1996. 19. As the workplace sociologist Stephen Barley (1996) of Stanford Page 268 University argues, these reps are in many ways models of the new knowledge worker. They work alone, with sophisticated technology, supported by extensive information resources. 20. Hammer also briefly discusses tech reps, but he gives little sense of how they develop understanding or deal with the unexpected. He primarily affirms that reengineering helps them. Hammer, 1996, pp. 26 28. 21.


pages: 394 words: 118,929

Dreaming in Code: Two Dozen Programmers, Three Years, 4,732 Bugs, and One Quest for Transcendent Software by Scott Rosenberg

A Pattern Language, AOL-Time Warner, Benevolent Dictator For Life (BDFL), Berlin Wall, Bill Atkinson, c2.com, call centre, collaborative editing, Computer Lib, conceptual framework, continuous integration, Do you want to sell sugared water for the rest of your life?, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, Dynabook, en.wikipedia.org, Firefox, Ford Model T, Ford paid five dollars a day, Francis Fukuyama: the end of history, Free Software Foundation, functional programming, General Magic , George Santayana, Grace Hopper, Guido van Rossum, Gödel, Escher, Bach, Howard Rheingold, HyperCard, index card, intentional community, Internet Archive, inventory management, Ivan Sutherland, Jaron Lanier, John Markoff, John Perry Barlow, John von Neumann, knowledge worker, L Peter Deutsch, Larry Wall, life extension, Loma Prieta earthquake, machine readable, Menlo Park, Merlin Mann, Mitch Kapor, Neal Stephenson, new economy, Nicholas Carr, no silver bullet, Norbert Wiener, pattern recognition, Paul Graham, Potemkin village, RAND corporation, Ray Kurzweil, Richard Stallman, Ronald Reagan, Ruby on Rails, scientific management, semantic web, side project, Silicon Valley, Singularitarianism, slashdot, software studies, source of truth, South of Market, San Francisco, speech recognition, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, Strategic Defense Initiative, Ted Nelson, the Cathedral and the Bazaar, Therac-25, thinkpad, Turing test, VA Linux, Vannevar Bush, Vernor Vinge, Wayback Machine, web application, Whole Earth Catalog, Y2K

We’re accustomed to thinking of management as the application of business school techniques that carry a scientific sheen: uniform measurements of productivity and metrics of return-on-investment. Drucker’s definition sounds awfully squishy; he could be talking about an orchestra conductor or a stage director. But in emphasizing the art of management over the science, the human realm over the quantitative dimension, Drucker—who first invented the term knowledge worker and then offered invaluable insights into its implications—was trying to remind us that numbers are only a starting point for management, not its ultimate goal. One great irony inherent in the management of software projects is that despite the digital precision of the materials programmers work with, the enterprise of writing software is uniquely resistant to measurement.

And, of course, when a project team’s work is unpredictable, the entire project is unpredictable. In short, as long as individual developers do not plan and track their personal work, their projects will be uncontrollable and unmanageable.” On the other hand, here is Peter Drucker, the father of contemporary management studies: “Most discussions of the knowledge worker’s task start with the advice to plan one’s work. This sounds eminently plausible. The only thing wrong with it is that it rarely works. The plans always remain on paper, always remain good intentions. They seldom turn into achievement.” Drucker published those words in 1966. As it happened, that was just about the time that a young Watts Humphrey was taking over the reins of software management at IBM.

Chandler sat at an unusual midpoint between these approaches, leaving it without clear signposts to mark the moment of “done” or even to indicate the direction in which completion might lie. But there is another consequence of software development’s halting problem, one that is less pragmatic than existential. David Allen, the Getting Things Done guru, talked about the “gnawing sense of anxiety” suffered by knowledge workers who face mountains of open-ended tasks. Software developers always have more to do; the definition of “done,” even for an interim release or small milestone, is always somewhat arbitrary. In this their work is more like an author’s than a builder’s. “Done” isn’t something that is obvious to an observer.


pages: 455 words: 133,719

Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte

8-hour work day, affirmative action, Bertrand Russell: In Praise of Idleness, blue-collar work, Burning Man, business cycle, call centre, cognitive dissonance, David Brooks, deliberate practice, desegregation, DevOps, East Village, Edward Glaeser, epigenetics, fear of failure, feminist movement, financial independence, game design, gender pay gap, glass ceiling, Great Leap Forward, helicopter parent, hiring and firing, income inequality, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, labor-force participation, machine readable, meta-analysis, new economy, profit maximization, Results Only Work Environment, Richard Feynman, Ronald Reagan, Saturday Night Live, sensible shoes, sexual politics, Sheryl Sandberg, Silicon Valley, Skype, Steve Jobs, tech worker, TED Talk, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, women in the workforce, work culture , working poor, Zipcar, éminence grise

And the nature of what we do and how we do it has been completely transformed in less than a century: We’ve morphed as a civilization from the hard physical labor of rural agricultural work to the sedentary chair sitting of urban knowledge workers. That’s a far more stressful life. “Think about the farmer,” Akil tells me. “The farmer can’t control and predict very much either. So why is that any better or worse than being on Wall Street? As a farmer, if there was a freeze that destroyed your crops, that might’ve stressed you, but it wasn’t your fault. But as a knowledge worker, you’re expected to be in charge of everything. And when things go wrong, it is your fault. The thinking is, you could have planned more, or you should have anticipated what went wrong.

When Ford cut hours, errors went down, efficiency, productivity, and employee satisfaction went up, as did the company’s profits. He shuttered factories on Saturdays in 1926 for the same reason, and the forty-hour workweek, enshrined in federal law since 1938, was born. But times and work have changed. Unlike manual laborers, knowledge workers have about six good hours of hard mental labor a day, futurist Sara Robinson found in a review of research on work and work hours. Work late for too long, she wrote, and “people get dull and stupid … They make mistakes that they’d never make if they were rested; and fixing those mistakes takes longer because they’re fried.”15 A study of medical interns found that those on long shifts made 36 percent more potentially serious errors than those who worked shorter shifts.16 Research by the Business Roundtable in the 1980s found that companies can get short-term gains by pushing employees to work sixty or seventy hours a week, Robinson reports.

As a working mother friend of mine said, “If there are on-ramps back into the workplace for disgraced politicians like Eliot Spitzer, then why not for parents?” • Understand the neuroscience of how humans work best: pulsing between periods of intense concentration of typically no more than ninety mintues, and breaks to completely change the channel. • Embrace the restorative power of vacation. Allow knowledge workers to daydream or noodle around with an idea without fear of failure. • Draw on the science of human motivation first by giving workers a fair salary and benefits, then allowing them to have greater autonomy, a sense of purpose, and the ability to become masterful at what they do. • Working in a new way does not mean working less.


pages: 305 words: 89,103

Scarcity: The True Cost of Not Having Enough by Sendhil Mullainathan

American Society of Civil Engineers: Report Card, Andrei Shleifer, behavioural economics, Cass Sunstein, clean water, cognitive load, computer vision, delayed gratification, double entry bookkeeping, Exxon Valdez, fault tolerance, happiness index / gross national happiness, impulse control, indoor plumbing, inventory management, knowledge worker, late fees, linear programming, mental accounting, microcredit, p-value, payday loans, purchasing power parity, randomized controlled trial, Report Card for America’s Infrastructure, Richard Thaler, Saturday Night Live, Walter Mischel, Yogi Berra

firefighting organizations have several features in common: We owe our understanding of firefighting and several of the examples to Roger E. Bohn and Ramchandran Jaikumar, Firefighting by Knowledge Workers (Information Storage Industry Center, Graduate School of International Relations and Pacific Studies, University of California, 2000). “If you look at our resource allocation on traditional projects”: N. P. Repenning, “Reducing Cycle Time at Ford Electronics, Part II: Improving Product Development,” case study available from the author (1996). 28,000 known bugs: This number is cited in Bohn and Jaikumar, Firefighting by Knowledge Workers. It is actually part of a larger controversy about whether or not Microsoft shipped with 61,000 known bugs.

present bias: A nice overview of present bias and other models of time discounting can be found in Shane Frederick and George Loewenstein, “Time Discounting and Time Preference: A Critical Review,” Journal of Economic Literature (2002). Because machine uptime was important: R. E. Bohn and R. Jaikumar, Firefighting by Knowledge Workers (Information Storage Industry Center, Graduate School of International Relations and Pacific Studies, University of California, 2000), retrieved from http://isic.ucsd.edu/pdf/firefighting.pdf. Steven Covey finds it helpful to classify tasks: S. R. Covey, The Seven Habits of Highly Effective People (New York: Free Press, 2004).


pages: 297 words: 88,890

Can't Even: How Millennials Became the Burnout Generation by Anne Helen Petersen

Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, American ideology, big-box store, Cal Newport, call centre, cognitive load, collective bargaining, COVID-19, David Brooks, death from overwork, delayed gratification, do what you love, Donald Trump, financial independence, future of work, gamification, gig economy, Gordon Gekko, helicopter parent, imposter syndrome, Inbox Zero, independent contractor, Jeff Bezos, job satisfaction, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, late capitalism, longitudinal study, Lyft, Mark Zuckerberg, McMansion, Minecraft, move fast and break things, precariat, remote working, ride hailing / ride sharing, Ronald Reagan, school choice, sharing economy, side hustle, Silicon Valley, Silicon Valley ideology, Skype, Snapchat, Steve Jobs, TaskRabbit, TikTok, uber lyft, unpaid internship, upwardly mobile, urban planning, Vanguard fund, work culture , working poor, workplace surveillance

The truth of my real, lived life lies somewhere in between what’s pictured and what’s intended. But there’s a reason I sometimes find myself scrolling through my own account as I fight that before-sleep anxiety: When I don’t feel connected to myself or my life, Instagram reminds me of who I’ve decided I am. For knowledge workers, a well-curated Instagram, like a popular Twitter presence, can be a gateway to a job, or #sponcon. The purest example of this concept is the social media influencer, whose entire income source is performing and mediating the self online. Most people’s lives aren’t so explicitly monetizable, but that doesn’t mean they’re not cultivating a brand to project to the larger world.

If you can make a hundred widgets in less time, that doesn’t mean everyone should work less—instead, they should work the same number of hours and make more widgets. But part of it, too, had to do with the rise of a different sort of work, “knowledge work,” with a different sort of widget. Knowledge workers have “outcomes” and “products,” but unlike a factory product, they were difficult to measure. As a result, these workers are salaried, as in, paid for the entire year instead of by the hour. During the Great Compression era, most salaried workers still worked a forty-hour week, but without the rigidity of clocking in or out—and, depending on your contract, a legal demand to pay overtime.

“On any given night in America, exhausted parents and New Year’s–resolution cooks were unpacking identical cardboard boxes shipped by meal-prep startups, disposing of identical piles of plastic packaging, and sitting down to identical dishes,” she writes. “Homogeneity was a small price to pay for the erasure of decision fatigue. It liberated our minds to pursue other endeavors, like work.”4 One result of this drive for productivity is a new hierarchy of labor: On the top end, there are salaried, hyperproductive knowledge workers. Below, there are the people who perform the “mundane” tasks that make that productivity possible: nannies, TaskRabbits, Uber Eats drivers, house cleaners, personal organizers, Trunk Club stylists, Blue Apron packagers, Amazon warehouse workers and drivers, FreshDirect shoppers. Rich people have always had servants.


pages: 168 words: 50,647

The End of Jobs: Money, Meaning and Freedom Without the 9-To-5 by Taylor Pearson

Airbnb, barriers to entry, Ben Horowitz, Black Swan, call centre, cloud computing, commoditize, content marketing, creative destruction, David Heinemeier Hansson, drop ship, Elon Musk, en.wikipedia.org, Frederick Winslow Taylor, future of work, Google Hangouts, Hacker Conference 1984, Kaizen: continuous improvement, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, loss aversion, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, market fragmentation, means of production, Oculus Rift, passive income, passive investing, Peter Thiel, power law, remote working, Ronald Reagan: Tear down this wall, scientific management, sharing economy, side hustle, side project, Silicon Valley, Skype, software as a service, software is eating the world, Startup school, Steve Jobs, Steve Wozniak, Stewart Brand, systems thinking, TED Talk, telemarketer, the long tail, Thomas Malthus, Uber and Lyft, uber lyft, unpaid internship, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog

While the companies who pay the minimum possible wage and nickel and dime their employees may make a quick buck, they rarely seem to last. In Summary (a.k.a. TL;DR) Improved education standards are taking the implementation of existing best practices and globalizing them. Improved communication technology has made it easy for individuals and companies to find, hire, and manage not just industrial workers, but knowledge workers. The number of individuals looking for jobs, hoping to follow someone else’s orders, are growing exponentially. Could your job theoretically be done over an internet connection and phone line? Yet, your job being outsourced isn’t the only threat at hand. Even as globalization moves knowledge jobs overseas, there’s increasing pressure at home.

We think of acquiring knowledge or skills—like product management or sales or marketing—as resources, but we still don’t think of entrepreneurship that way. Right now, there’s no way to measure entrepreneurship. No one would ever write “two years’ experience in entrepreneurship” on their resume. If we imagine a knowledge worker trying to invest in entrepreneurship, there are clear paths to moving from doing knowledge work to doing entrepreneurial work. The chart is admittedly grossly oversimplified and based on a zero sum system indicating the amount each role operates in knowledge work as opposed entrepreneurship.


pages: 362 words: 99,063

The Education of Millionaires: It's Not What You Think and It's Not Too Late by Michael Ellsberg

affirmative action, Black Swan, Burning Man, corporate governance, creative destruction, do what you love, financial engineering, financial independence, follow your passion, future of work, hiring and firing, independent contractor, job automation, knowledge worker, lateral thinking, Lean Startup, Mark Zuckerberg, Max Levchin, means of production, mega-rich, meta-analysis, new economy, Norman Mailer, Peter Thiel, profit motive, race to the bottom, Sand Hill Road, shareholder value, side project, Silicon Valley, Silicon Valley billionaire, Skype, social intelligence, solopreneur, Steve Ballmer, survivorship bias, telemarketer, Tony Hsieh

These people, young and old, read books like The Four-Hour Workweek: Escape 9–5, Live Anywhere, and Join the New Rich by Tim Ferriss, Escape from Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur by Pamela Slim, and Career Renegade: How to Make a Great Living Doing What You Love by Jonathan Fields. Daniel Pink, in Free Agent Nation: The Future of Working for Yourself, his 2001 book prophesying the current tidal wave of microentrepreneurialism, small business, and self-employment, calls them “self-employed knowledge workers, proprietors of home-based businesses . . . freelancers and e-lancers, independent contractors and independent professionals, micropreneurs and infopreneurs, part-time consultants . . . on-call troubleshooters, and full-time soloists.”9 These new kinds of opportunities, open to anyone who wants to pursue them, without any formal, traditional, or academic qualifications necessary to compete, have arisen largely because of technology.

Laborers earned their money by receiving a sliver of the enormous rewards those giant machines produced.”10 Pink argues that in the last decade, in one area of the economy—called “knowledge work”—a shift has occurred as massive and with implications as far-reaching as those during the shift from an agrarian to an industrial society. For knowledge workers in the developed world, the tools of their trade have become so ridiculously cheap that the “means of production” have once again become affordable to individual workers. These workers no longer have to depend on bosses or large organizations to furnish them with the means of production. They can quit the factory-style organizations and become “butchers, bakers, and candlestick makers” once again—that is, digitally connected entrepreneurs and solo-preneurs.

See Meaningful work, creating Ilovemarketing.com Institute for Integrative Nutrition Intelligence, practical versus academic Internet marketing guru online presence, building and self-created business and self-education YourName.com, importance of Investments, bootstrapper’s method IQ, and success IronPort Iteration velocity John Paul Mitchell Systems Johnson, Cameron as college non-graduate success, evolution of Jong, Erica Kaufman, Josh Kawasaki, Guy Keillor, Garrison Kennedy, Dan as college non-graduate direct-response marketing Kerkorkian, Kirk Kern, Frank as college non-graduate direct-response marketing on power of selling success, evolution of Kiyosaki, Robert mentor of on power of selling Kleiner Perkins Caufield & Byers Knowledge workers, digital Marxism Komisar, Randy on safety versus risk La Flamme, Jena Cheng sales coaching as college non-graduate Deida relationship training direct-response marketing, use of success, evolution of Lalla, Annie and Eben Pagan Langan, Chris LaPorte, Danielle, success, evolution of Laugh-O-Gram Leadership definitions of and impact on many as new marketing as skill of success Lean Startup Machine Lerer, Ben Levchin, Max Leve, Brett Lifelong learning Linchpin concept Listening, importance of Loucks, Vernon Louis Marx and Company Luck, and success Lupton, Amber Lynda Limited McDermid, Hitch Mailer, Norman Maister, David Making a difference.


pages: 339 words: 57,031

From Counterculture to Cyberculture: Stewart Brand, the Whole Earth Network, and the Rise of Digital Utopianism by Fred Turner

"World Economic Forum" Davos, 1960s counterculture, A Declaration of the Independence of Cyberspace, Alan Greenspan, Alvin Toffler, Apple's 1984 Super Bowl advert, back-to-the-land, Bill Atkinson, bioinformatics, Biosphere 2, book value, Buckminster Fuller, business cycle, Californian Ideology, classic study, Claude Shannon: information theory, complexity theory, computer age, Computer Lib, conceptual framework, Danny Hillis, dematerialisation, distributed generation, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, Dynabook, Electric Kool-Aid Acid Test, Fairchild Semiconductor, Ford Model T, From Mathematics to the Technologies of Life and Death, future of work, Future Shock, game design, George Gilder, global village, Golden Gate Park, Hacker Conference 1984, Hacker Ethic, Haight Ashbury, Herbert Marcuse, Herman Kahn, hive mind, Howard Rheingold, informal economy, intentional community, invisible hand, Ivan Sutherland, Jaron Lanier, John Gilmore, John Markoff, John Perry Barlow, John von Neumann, Kevin Kelly, knowledge economy, knowledge worker, Lewis Mumford, market bubble, Marshall McLuhan, mass immigration, means of production, Menlo Park, military-industrial complex, Mitch Kapor, Mondo 2000, Mother of all demos, new economy, Norbert Wiener, peer-to-peer, post-industrial society, postindustrial economy, Productivity paradox, QWERTY keyboard, Ralph Waldo Emerson, RAND corporation, reality distortion field, Richard Stallman, Robert Shiller, Ronald Reagan, Shoshana Zuboff, Silicon Valley, Silicon Valley ideology, South of Market, San Francisco, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Ted Nelson, Telecommunications Act of 1996, The Hackers Conference, the strength of weak ties, theory of mind, urban renewal, Vannevar Bush, We are as Gods, Whole Earth Catalog, Whole Earth Review, Yom Kippur War

But it did occur to me that there was a lot more money in bullshit than there had ever been in bulls and I would get into information. And here I am.69 Barlow’s shift from agricultural work to information work was abrupt, painful, and involuntary. “I did try my personal best to resist conscription as a Knowledge Worker,” he writes, “but I was as culturally doomed as the Tasaday of New Guinea. . . . Yanked from the 19th Century, I found myself . . . tossed unceremoniously onto the doorstep of the 21st.”70 For Barlow, this meant reaching out to his old friends in San Francisco. In 1986, while still in Pinedale, Barlow heard that David Gans, a Bay area disc jockey and connoisseur of the Grateful Dead, and hundreds of other Dead V i r t u a l i t y an d C o m m u n i t y o n t h e W E L L [ 167 ] Heads, were conversing on the WELL.

It’s the ultimate goal of building companies around networked computers, mobile communications, and self-managed teams: to marry the competitive demands of business with the desire for personal satisfaction and democratic participation; to achieve productive coordination without top-down control.” In the pages of Out of Control, the Long Hunter of the Whole Earth Catalog had become an entrepreneur. Journalists picked up on the point too. “The renegade competitor,” wrote the Harvard Business Review, “the lone knowledge worker equipped with a laptop, a modem, and an inspired idea—these are our heroes, the change agents who are reinventing industries, reshaping the economy, creating vast wealth.”63 Almost thirty years earlier, thousands of young, highly educated Americans had tromped off into the wilderness seeking to build an egalitarian, fun-loving world.

In Control Revolution, Beniger traced to the late nineteenth century the increasing importance of information to economic life. James W. Cortada, in Making of the Information Society, has recently argued that information has been a key feature of Western and particularly American culture for N o t e s t o Pa g e s 2 4 1 _ 2 5 3 [ 289 ] hundreds of years. For similar arguments on the knowledge worker, see Chandler and Cortada, Nation Transformed by Information. Scholars of a Marxist orientation have been particularly aggressive in challenging the notion that the postindustrial, postmodern, or network society models actually represent a new era in capitalism. For critiques in this vein, see Slack and Fejes, Ideology of the Information Age; Lyon, Information Society; and Garnham, “Information Society Theory as Ideology.”


pages: 484 words: 104,873

Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford

3D printing, additive manufacturing, Affordable Care Act / Obamacare, AI winter, algorithmic management, algorithmic trading, Amazon Mechanical Turk, artificial general intelligence, assortative mating, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Bernie Madoff, Bill Joy: nanobots, bond market vigilante , business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Charles Babbage, Chris Urmson, Clayton Christensen, clean water, cloud computing, collateralized debt obligation, commoditize, computer age, creative destruction, data science, debt deflation, deep learning, deskilling, digital divide, disruptive innovation, diversified portfolio, driverless car, Erik Brynjolfsson, factory automation, financial innovation, Flash crash, Ford Model T, Fractional reserve banking, Freestyle chess, full employment, general purpose technology, Geoffrey Hinton, Goldman Sachs: Vampire Squid, Gunnar Myrdal, High speed trading, income inequality, indoor plumbing, industrial robot, informal economy, iterative process, Jaron Lanier, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kenneth Arrow, Khan Academy, Kiva Systems, knowledge worker, labor-force participation, large language model, liquidity trap, low interest rates, low skilled workers, low-wage service sector, Lyft, machine readable, machine translation, manufacturing employment, Marc Andreessen, McJob, moral hazard, Narrative Science, Network effects, new economy, Nicholas Carr, Norbert Wiener, obamacare, optical character recognition, passive income, Paul Samuelson, performance metric, Peter Thiel, plutocrats, post scarcity, precision agriculture, price mechanism, public intellectual, Ray Kurzweil, rent control, rent-seeking, reshoring, RFID, Richard Feynman, Robert Solow, Rodney Brooks, Salesforce, Sam Peltzman, secular stagnation, self-driving car, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, single-payer health, software is eating the world, sovereign wealth fund, speech recognition, Spread Networks laid a new fibre optics cable between New York and Chicago, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, Steven Pinker, strong AI, Stuxnet, technological singularity, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Coming Technological Singularity, The Future of Employment, the long tail, Thomas L Friedman, too big to fail, Tragedy of the Commons, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, union organizing, Vernor Vinge, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, women in the workforce

The predictions that can be extracted from data will increasingly be used to substitute for human qualities such as experience and judgment. As top managers increasingly employ data-driven decision making powered by automated tools, there will be an ever-shrinking need for an extensive human analytic and management infrastructure. Whereas today there is a team of knowledge workers who collect information and present analysis to multiple levels of management, eventually there may be a single manager and a powerful algorithm. Organizations are likely to flatten. Layers of middle management will evaporate, and many of the jobs now performed by both clerical workers and skilled analysts will simply disappear.

Watson—as well as the competing systems that are certain to eventually appear—have the potential to revolutionize the way questions are asked and answered, as well as the way information analysis is approached, both internal to organizations and in engagements with customers. There is no escaping the reality, however, that a great deal of the analysis performed by systems of this type would otherwise have been done by human knowledge workers. Building Blocks in the Cloud In November 2013, IBM announced that its Watson system would move from the specialized computers that hosted the system for the Jeopardy! matches to the cloud. In other words, Watson would now reside in massive collections of servers connected to the Internet.

Even within these top-tier households, income is concentrated to a staggering degree; the number of genuinely wealthy households—those that can survive and continue spending entirely on the basis of their accumulated wealth—is far smaller. During the first year of recovery from the Great Recession, 95 percent of income growth went to just the top 1 percent.20 The top 5 percent is largely made up of professionals and knowledge workers with at least a college degree. As we saw in Chapter 4, however, many of these skilled occupations are squarely in the crosshairs as technology advances. Software automation may eliminate some jobs entirely. In other cases, the jobs may end up being deskilled, so that wages are driven down. Offshoring and the transition to big data–driven management approaches that often require fewer analysts and middle managers loom as other potential threats for many of these workers.


pages: 398 words: 108,026

The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey

Abraham Maslow, agricultural Revolution, Albert Einstein, Alvin Toffler, Apollo 11, Berlin Wall, British Empire, Fall of the Berlin Wall, financial independence, knowledge worker, the map is not the territory, Thomas Kuhn: the structure of scientific revolutions, zero-sum game

--and to Kay Swim and her son, Gaylord, for their much appreciated vision which contributed to our organization's rapid growth. FOREWORD The world has changed dramatically since The 7 Habits of Highly Effective People was first published. Life is more complex, more stressful, more demanding. We have transitioned from the Industrial Age into the Information Knowledge Worker Age - with all of its profound consequences. We face challenges and problems in our personal lives, our families, and our organizations unimagined even one and two decades ago. These challenges are not only of a new order of magnitude, they are altogether different in kind. These sweeping changes in society and rumbling shifts in the digitized global marketplace give rise to a very important question - one I'm asked fairly often: "Are The 7 Habits of Highly Effective People still relevant today?"

Of course we try to appear generous and cheer for others' successes, but inwardly, privately, so many of us are eating our hearts out when others achieve. Many of the great things in the history of our civilization have been achieved by the independent will of a determined soul. But the greatest opportunities and boundless accomplishments of the Knowledge Worker Age are reserved for those who master the art of "we." True greatness will be achieved through the abundant mind that works selflessly - with mutual respect,for mutual benefit. The hunger to be understood. Few needs of the human heart are greater than the need to be understood - to have a voice that is heard, respected, and valued - to have influence.

Tapping into the higher reaches of human genius and motivation--what we could call voice--requires a new mindset, a new skill-set, a new tool-set ... a new habit. The 8th Habit, then, is not about adding one more habit to the 7th--one that somehow got forgotten. It's about seeing and harnessing the power of a third dimension to the 7 Habits that meets the central challenge of the new Knowledge Worker Age. How does notoriety affect you? It affects me in different ways. From an ego standpoint, it's flattering. From a teaching standpoint it is humbling, but I must strongly acknowledge that I am not the author of any of these principles and deserve absolutely no recognition. I am not saying this because of a desire to be modest and humble.


pages: 243 words: 59,662

Free to Focus: A Total Productivity System to Achieve More by Doing Less by Michael Hyatt

Atul Gawande, Cal Newport, Checklist Manifesto, death from overwork, Donald Trump, Elon Musk, Frederick Winslow Taylor, informal economy, invention of the telegraph, Jeff Bezos, job automation, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, lock screen, microdosing, Parkinson's law, remote work: asynchronous communication, remote working, side hustle, solopreneur, Steve Jobs, zero-sum game

By limiting employee discretion and freedom, Taylor effectively turned them into manufacturing robots. Taylor died more than a hundred years ago, but we’re still trying to follow the same basic efficiency model: working a lot of hours and doing as many tasks as possible as quickly as we can. The problem is most of us aren’t factory workers; we’re knowledge workers. We’re hired more for our mental output than our physical labor. As such, we often have tremendous discretion over our time and a great deal of autonomy as we go about our daily tasks. While twentieth-century factory workers did the same set of tasks all day every day throughout the week, we are constantly surprised by new challenges, opportunities, and problems.

., 67 Hardy, Benjamin, 218 Hastings, Reed, 71 health, 228 Heinemeier, David, 164 hobbies, 41, 79, 228 Holland, Barbara, 71 Ideal Week, 119, 162, 172–81, 226 Ideal Week template, 182 I Love Lucy (TV program), 25–26 impairment, 70 Information Economy, 13 innovation, and changing environment, 72 instant communication, 207–11 instant-gratification culture, 84 interruptions, 207–11, 226 Isolator, 205–6, 212 Jobs, Steve, 111 Johnson, Paul, 81–82 Jones, Charlie “Tremendous”, 50 journaling, 220 karoshi (death by overwork), 32 Kennedy, John F., 71 King, Stephen, 223 knowledge workers, 28 Koch, Jim, 200, 202 Lewis, Penelope A., 70 liberating truths, 59–63 lifestyle objectives, 38 limiting beliefs, 59–63 “loss of separation,” 184 lunch, 72 MacArthur, Douglas, 71 McCartney, Paul, 99 McKeown, Greg, 183 macro-processing software, 131–32 maintenance, 168, 169 margin, 33, 36, 52, 111, 157, 224, 225, 226 meals, and building relationships, 74 meetings, 197 MegaBatching, 162, 163–66, 172, 180–81 mental health, 83 mentoring, 153 Michel, Alexandra, 65–66 Michelangelo, 21, 100 micro-breaks, 82–83 micromanagers, 149 Miller, Megan Hyatt, 54 mindset, 54 Minor, Dylan, 78 morning ritual, 119 Mortimer, Ian, 223 movement (exercise), 74–77, 195 multitasking, 161–62, 212 music, 217 musicians, 46 Musk, Elon, 67–68 Naish, John, 161, 212 naps, 71 Nashville, 46 natural foods, 73 nature, 82–83 necessary routines, 147–48 Netflix, 71 Newport, Cal, 161–62, 164 Not-to-Do List, 93, 99–100, 113 Nozbe, 202 nutrition, 73 nutritional supplement protocol, 73 offloading tasks, 138, 225–26 Off Stage, 166, 170, 173, 176, 195 OneNote, 127 Opipari, Ben, 75 outdoors, 82–83 overgrowth.


pages: 223 words: 60,936

Remote Work Revolution: Succeeding From Anywhere by Tsedal Neeley

Airbnb, Boycotts of Israel, call centre, cloud computing, coronavirus, COVID-19, cryptocurrency, discrete time, Donald Trump, future of work, global pandemic, iterative process, job satisfaction, knowledge worker, Lean Startup, lockdown, mass immigration, natural language processing, remote work: asynchronous communication, remote working, Silicon Valley, social distancing

Another study designed to capture the lived experience and consequences of working from home compared to the office found that employees did better on creative problem-solving tasks when working from home. If we leave out the high-touch jobs such as hair salons or tattoo parlors, many jobs thrive in a remote format—especially those that require deep problem-solving and undistracted concentration. Software engineers, graphic designers, editors, writers, or other knowledge workers who can do most of their work at a computer fit this category. Success from Anywhere: Be Productive Virtually Focus on process and not outcome when assessing productivity. Equip your teams with the tools and resources they need and assume that they will have the insights into how best to achieve their work goals.

See face-to-face interactions instant messaging systems communication and, 65, 77, 105 cultural differences and, 79 emails replaced by, 62 social dynamics influenced by, 64 as synchronous media, 71 instructing, mutual teaching, 126–27 interaction norms of agile remote teams, 100–101, 105, 108 of collocated teams, 13, 85, 99–100 inclusive conversations in global team meetings, 121–24 information interactions, 144–45 isolation and, 14–15 planning ongoing communication, 11–13 psychological safety, 13–14 as teamwork element, 5, 9–15, 17 interdependence across teams, 7 internal social media tools agile remote teams and, 100–101 digital tools and, 65, 79–83, 84 emails replaced by, 62 leaders and, 82–83 nonwork exchanges and, 81–83, 84 permanence of, 63 trust and, 19–20, 22, 32, 33, 79–80, 82 intimacy digital tools for, 65 social presence problem and, 68–69, 84 isolation interaction norms and, 14–15 leaders’ role in, 14–15, 142 of remote work format, xiv, 42 team cohesion and, 56–57 Jobs, Steve, 6 JPMorgan Chase, xii–xiii Judge, Mike, 85 Khan, Tariq, 111–14, 116, 119–20, 139–40 knowledge direct knowledge, 29, 30, 32, 38 internal social media tools and, 80, 82 mutual knowledge problem, 64, 65–67, 84 reflected knowledge, 30, 31–32, 38 trust promoted by, 29–32, 38 knowledge workers, 58 Krinsky, Dave, 85 Larson, Barbara, 49 launch sessions. See also relaunch sessions action exercises, 174–76 for agile remote teams, 107–8 alignment as goal of, 5 contributions and constraints, 7–8 as dialogue, 6–7 interaction norms and, 5, 9–15, 17 leadership commitment, 15–17 length of, 4 planning and, 3–4 resources and, 5, 8–9 shared goals and, 4, 6–7, 17 leaders and leadership action exercises, 186–87 behaviors and best practices for, xvi class divide challenge, 134, 136–38, 148 common purpose and, 148 communication of, 62, 142–43 country-of-origin effect and, 159–60 creating structure, 149 cross-cultural mutual adaptation, 120, 121, 124–28 defining remote work leadership, 133–35 digital tools and, 83, 142 early warning signs and, 131, 135, 162 employee motivation and, xiv engagement challenge, 134, 144–48, 149 framing the situation, 153, 156, 160–63, 164, 172 generating solutions with diverse minds, 163–67, 168, 169 Global Leadership Aptitude, 156 group-level identity and, 148 inclusive conversations in global team meetings, 121–24 individual contributions and constraints, 7–8 interaction norms and, 14–15 internal social media tools and, 82–83 location challenge, 134, 135–36, 201n panoramic awareness, 156–58, 161, 172 performance feedback challenge, 134, 143, 149 predictability challenge, 134, 142–43, 149 presence and, 131, 133–34, 142, 147 productive conflict and, 144, 146–47, 149 responses to global crises, xv, 152, 156, 167–72 role of, 132 surveillance for productivity and, 43 team goals and, 58–59 teamwork elements, 15–17 “us versus them” challenge, 134, 138–42 LEGO, 90 Leonardi, Paul, 81, 95 Liang, James, 48 linguistic differences code-switching, 123, 129 English as lingua franca, 118–19 everyone balances for inclusion, 123–24, 129 faultlines and, 138, 140 fluent speakers dial down dominance, 121–22, 128 global teams and, 110, 111, 113, 114, 117–24, 128–29 inclusive conversations in meetings, 121–24 language fluency confused with competency, 119 less fluent speakers dial up engagement, 122–23, 128–29 psychological distance and, 116, 117, 118, 123 rules of engagement, 119, 124 location challenge, in leadership, 134, 135–36, 201n loneliness, 56–57.


pages: 57 words: 11,522

The Bed of Procrustes: Philosophical and Practical Aphorisms by Nassim Nicholas Taleb

Benoit Mandelbrot, Black Swan, commoditize, knowledge worker, Republic of Letters

– Mathematics is to knowledge what an artificial hand is to the real one; some amputate to replace. – Modernity inflicts a sucker narrative on activities; now we “walk for exercise,” not “walk” with no justification; for hidden reasons. – Social media are severely antisocial, health foods are empirically unhealthy, knowledge workers are very ignorant, and social sciences aren’t scientific at all. – For so many, instead of looking for “cause of death” when they expire, we should be looking for “cause of life” when they are still around. – It is those who use others who are the most upset when someone uses them. – If someone gives you more than one reason why he wants the job, don’t hire him


pages: 447 words: 111,991

Exponential: How Accelerating Technology Is Leaving Us Behind and What to Do About It by Azeem Azhar

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 23andMe, 3D printing, A Declaration of the Independence of Cyberspace, Ada Lovelace, additive manufacturing, air traffic controllers' union, Airbnb, algorithmic management, algorithmic trading, Amazon Mechanical Turk, autonomous vehicles, basic income, Berlin Wall, Bernie Sanders, Big Tech, Bletchley Park, Blitzscaling, Boeing 737 MAX, book value, Boris Johnson, Bretton Woods, carbon footprint, Chris Urmson, Citizen Lab, Clayton Christensen, cloud computing, collective bargaining, computer age, computer vision, contact tracing, contact tracing app, coronavirus, COVID-19, creative destruction, crowdsourcing, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, data science, David Graeber, David Ricardo: comparative advantage, decarbonisation, deep learning, deglobalization, deindustrialization, dematerialisation, Demis Hassabis, Diane Coyle, digital map, digital rights, disinformation, Dissolution of the Soviet Union, Donald Trump, Double Irish / Dutch Sandwich, drone strike, Elon Musk, emotional labour, energy security, Fairchild Semiconductor, fake news, Fall of the Berlin Wall, Firefox, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gender pay gap, general purpose technology, Geoffrey Hinton, gig economy, global macro, global pandemic, global supply chain, global value chain, global village, GPT-3, Hans Moravec, happiness index / gross national happiness, hiring and firing, hockey-stick growth, ImageNet competition, income inequality, independent contractor, industrial robot, intangible asset, Jane Jacobs, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, Just-in-time delivery, Kickstarter, Kiva Systems, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, lockdown, low skilled workers, lump of labour, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, megacity, Mitch Kapor, Mustafa Suleyman, Network effects, new economy, NSO Group, Ocado, offshore financial centre, OpenAI, PalmPilot, Panopticon Jeremy Bentham, Peter Thiel, Planet Labs, price anchoring, RAND corporation, ransomware, Ray Kurzweil, remote working, RFC: Request For Comment, Richard Florida, ride hailing / ride sharing, Robert Bork, Ronald Coase, Ronald Reagan, Salesforce, Sam Altman, scientific management, Second Machine Age, self-driving car, Shoshana Zuboff, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, software as a service, Steve Ballmer, Steve Jobs, Stuxnet, subscription business, synthetic biology, tacit knowledge, TaskRabbit, tech worker, The Death and Life of Great American Cities, The Future of Employment, The Nature of the Firm, Thomas Malthus, TikTok, Tragedy of the Commons, Turing machine, Uber and Lyft, Uber for X, uber lyft, universal basic income, uranium enrichment, vertical integration, warehouse automation, winner-take-all economy, workplace surveillance , Yom Kippur War

On the one hand, highly paid scientists with doctorates; on the other, lower-paid support staff – and little demand for mid-pay workers between these two extremes.80 All this points to the changing topology of employment in the Exponential Age. This is an economy where intangible assets – the kind produced by well-educated knowledge-workers – are all-important. Those with high levels of education are compensated handsomely. At the same time, there remains a group of less well-rewarded, less highly skilled workers, who may not even be acknowledged as employees. In aggregate, the result is a reduced share of income that goes to employees.

As we progress through the Exponential Age, cities will become more important, not less. The key cause is, once again, the rise of the intangible economy – and the effect it has on labour markets. Value in this intangible economy is created through highly complex products. Today, highly skilled knowledge workers are more in demand than ever. And these types of workers have never been evenly spread across a country. They cluster around physical institutions, namely universities, and the labs and resources they provide. And around those universities grow companies that employ the most-skilled individuals.

And these firms have capabilities that even governments need to rely on. Such companies increasingly dominate aspects of society we have never thought of as the province of firms. But it is not just companies that are becoming more powerful. Unaccountable influence goes to the individuals and places – high-tech knowledge-workers, cyber criminals, malevolent states – that first understood the power of exponential technology. The notion of the exponential gap is one attempt to synthesise each of these forces. All of them hint at a world changing faster than our systems and assumptions can handle. And any of these forces might lead us to dystopia.


Hacking Capitalism by Söderberg, Johan; Söderberg, Johan;

Abraham Maslow, air gap, Alvin Toffler, AOL-Time Warner, barriers to entry, Charles Babbage, collective bargaining, commoditize, computer age, corporate governance, creative destruction, Debian, deindustrialization, delayed gratification, Dennis Ritchie, deskilling, digital capitalism, digital divide, Donald Davies, Eben Moglen, Erik Brynjolfsson, Firefox, Free Software Foundation, frictionless, full employment, Garrett Hardin, Hacker Conference 1984, Hacker Ethic, Herbert Marcuse, Howard Rheingold, IBM and the Holocaust, informal economy, interchangeable parts, invention of radio, invention of the telephone, Jacquard loom, James Watt: steam engine, jimmy wales, John Markoff, John von Neumann, Joseph Schumpeter, Joseph-Marie Jacquard, Ken Thompson, knowledge economy, knowledge worker, labour market flexibility, late capitalism, Lewis Mumford, liberal capitalism, Marshall McLuhan, means of production, Mitch Kapor, mutually assured destruction, new economy, Norbert Wiener, On the Economy of Machinery and Manufactures, packet switching, patent troll, peer-to-peer, peer-to-peer model, planned obsolescence, post scarcity, post-Fordism, post-industrial society, price mechanism, Productivity paradox, profit motive, RFID, Richard Florida, Richard Stallman, Ronald Coase, safety bicycle, Search for Extraterrestrial Intelligence, SETI@home, Silicon Valley, Slavoj Žižek, software patent, Steven Levy, Stewart Brand, subscription business, tech worker, technological determinism, technoutopianism, the Cathedral and the Bazaar, The Nature of the Firm, the scientific method, The Theory of the Leisure Class by Thorstein Veblen, Thomas Davenport, Thorstein Veblen, tragedy of the anticommons, Tragedy of the Commons, transaction costs, Whole Earth Catalog, Yochai Benkler

When more and more people are assigned to conceptualise rather than execute work processes, capital must economise this labour force too. The same tight regime is imposed on engineers and programmers as has previously been, with their help, forced upon blue-collar workers.72 At this point, however, Taylorism runs into its own limits. There is no easy way to deprive ‘knowledge workers’ of knowledge and still have them working. One unexpected outcome from the mechanisation of the office is that the opportunities for hacking and sabotage abounds. A high-profile case of employee hacking occurred in 1996 when Timothy Lloyed discovered that he was going to be fired from Omega Engineering.

. […] If it had a new technology available at the processor level that would allow computer users to do new things, it had to wait until the operating system supplier decided it was willing to build support for these features into the system.” (Young, 6). 53. Martin Kenney “Value Creation in the Late Twentieth Century: The Rise of the Knowledge Worker” in ed. Jim Davis, Thomas Hirschl and Michael Stack, Cutting Edge: Technology, Information Capitalism and Social Revolution (London: Verso, 1997), 91; hereafter cited in text. 54. Rebecca Eisenberg, “Genes Patents and Product Development”, Science 14 (August 1992). 55. Manuel Castells, The Rise of the Network Society, (Oxford: Blackwell Publishers, 2000), 50; hereafter cited in text. 56.

Mariarosa Dalla Costa & Selma James, The Power of Women and the Subversion of the Community (Bristol: The Falling Wall Press, 1973). Harriet Fraad, Stephen Resnick & Richard Wolff, Bringing it all Back Home—Class, Gender and Power in the Modern Household (London: Pluto Press, 1994). 43. Martin Kenney “Value Creation in the Late Twentieth Century: The Rise of the Knowledge Worker” in (Davis, Hirschl & Stack 94). 44. Eric von Hippel, professor in economics at MIT, studies how end users contribute to innovation. He is positive about the trend and stresses that users can design equipment closer to their needs than if they depend on the guesses of a manufacturer. Eric von Hippel acknowledges that the reluctance among many companies towards enrolling user-centred innovation schemes owes to the perceived threat to the social division of labour.


pages: 288 words: 64,771

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality by Brink Lindsey

Airbnb, Asian financial crisis, bank run, barriers to entry, Bernie Sanders, Build a better mousetrap, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Cass Sunstein, collective bargaining, creative destruction, Credit Default Swap, crony capitalism, Daniel Kahneman / Amos Tversky, David Brooks, diversified portfolio, Donald Trump, Edward Glaeser, endogenous growth, experimental economics, experimental subject, facts on the ground, financial engineering, financial innovation, financial intermediation, financial repression, hiring and firing, Home mortgage interest deduction, housing crisis, income inequality, informal economy, information asymmetry, intangible asset, inventory management, invisible hand, Jones Act, Joseph Schumpeter, Kenneth Rogoff, Kevin Kelly, knowledge worker, labor-force participation, Long Term Capital Management, low skilled workers, Lyft, Mark Zuckerberg, market fundamentalism, mass immigration, mass incarceration, medical malpractice, Menlo Park, moral hazard, mortgage debt, Network effects, patent troll, plutocrats, principal–agent problem, regulatory arbitrage, rent control, rent-seeking, ride hailing / ride sharing, Robert Metcalfe, Robert Solow, Ronald Reagan, Savings and loan crisis, Silicon Valley, Silicon Valley ideology, smart cities, software patent, subscription business, tail risk, tech bro, too big to fail, total factor productivity, trade liberalization, tragedy of the anticommons, Tragedy of the Commons, transaction costs, tulip mania, Tyler Cowen, Uber and Lyft, uber lyft, Washington Consensus, white picket fence, winner-take-all economy, women in the workforce

Consider the wide range of factors implicated in the growing economic divide between the highly skilled (or, roughly speaking, the college educated) and everybody else. Skill-biased technological change, for instance, means that information technology serves as a valuable complement for skilled “knowledge workers” while substituting for less-skilled manual and clerical workers. The slowdown in the growth of workers’ average years of schooling completed means that the relative supply of skilled workers lags behind relative demand. Mass immigration expands the ranks of low-skill workers even as demand for them has flagged.

In the rapidly growing information technology sector, the presence of strong network effects in information technology guarantees that some industries will feature “winner take all” markets with high levels of concentration. Lobbyists for strong copyright and patent protection for software have further amplified this dynamic by fortifying the winners’ market power with additional barriers to entry. Meanwhile, network effects have also led to geographic concentration, as highly skilled knowledge workers are increasingly congregating together in “human capital hubs.” As a result, a few big coastal cities have come to account for an outsized share of the nation’s productive capacity, as well as its opportunities for upward mobility. Homeowners in those cities would have profited handsomely in any event, but they have multiplied their winnings by pulling up the drawbridge with increasingly restrictive land-use regulations, The opportunistic parasitism of regressive rent-seeking has hit the twenty-first-century American economy at its most vulnerable points—namely, its twin susceptibilities to slowing growth and rising inequality.


pages: 222 words: 74,587

Paper Machines: About Cards & Catalogs, 1548-1929 by Markus Krajewski, Peter Krapp

Apollo 11, business process, Charles Babbage, continuation of politics by other means, double entry bookkeeping, Frederick Winslow Taylor, Gödel, Escher, Bach, index card, Index librorum prohibitorum, information retrieval, invention of movable type, invention of the printing press, Jacques de Vaucanson, Johann Wolfgang von Goethe, Joseph-Marie Jacquard, knowledge worker, means of production, new economy, paper trading, Turing machine, work culture

(From Bührer and Saager 1912, p. 4.) May 1911 sees the publication of The Organization of Mental Labor by “The Bridge,” by Karl Wilhelm Bührer and Adolf Saager. The authors’ aim is unequivocal. “The principal purpose of our book was to win Ostwald for our cause”—namely, as a promising financier and mediator for knowledge workers.48 Encouraged by having read Wilhelm Ostwald’s book Energetic Bases of Cultural Studies, the journalist Saager succeeds in translating Bührer’s ideas, despite communicative difficulties, into a joint text, and to establish contact with Ostwald.49 In spring 1911, Saager sends printer’s proofs to Ostwald’s country house in Groß-Bothen.50 Ostwald responds Transatlantic Technology Transfer 117 immediately; they meet and found The Bridge as an International Institute for the Organization of Mental Labor.

Its organizational innovation movement pursues two strategic purposes: (1) An “archive that will introduce a comprehensive illustrated world encyclopedia on single sheets of uniform format.” At first, world knowledge is to be put down by professionals on standardized slips of paper and kept in standard boxes in a world format.60 (2) A “collection of addresses, containing the addresses of all living knowledge workers.”61 Furthermore, they aim to gather pointers to knowledge, which by virtue of their own addressing logic lead to new information. Maybe the ads for Library Bureau and the organizational achievements they promise encourage a belief that with the help of a suitable apparatus and thanks to the considerable time savings that ensue, everything can be stored.62 Operating an index card box tempts people to develop a euphoria of totality—and not only the The Bridge members.


pages: 272 words: 66,985

Hyperfocus: How to Be More Productive in a World of Distraction by Chris Bailey

Albert Einstein, Any sufficiently advanced technology is indistinguishable from magic, Bluma Zeigarnik, Cal Newport, Chuck Templeton: OpenTable:, Clayton Christensen, correlation does not imply causation, deliberate practice, functional fixedness, game design, imposter syndrome, knowledge economy, knowledge worker, Parkinson's law, randomized controlled trial, Richard Feynman, side hustle, SimCity, Skype, TED Talk, twin studies, Zipcar

Check for new messages only if you have the time, attention, and energy to deal with whatever might have come in. This is a simple trigger that lets you make sure you can actually deal with new messages, instead of getting stressed by the new stuff to which you have to respond. Keep a tally of how often you check for messages. The average knowledge worker checks his email eleven times per hour—eighty-eight times over the span of a day. It’s hard to get any real work done with so many interruptions. The same study found that employees spend an average of just around thirty-five minutes on email per day—which means that email consumes much more attention than it does actual time.

While it would be impossible to get rid of email completely, try the tactics above and experiment with what works best for you. Meetings After email, meetings are one of the biggest distractions we face throughout the day. They also consume an inordinate amount of time. A recent study found that, on average, knowledge workers spend 37 percent of their time in meetings—which means that if you work an eight-hour day, you typically spend three hours daily in meetings. Meetings are remarkably costly—gather even a small group of people in a conference room for an hour, and you can easily lose an entire day’s worth of work.


pages: 255 words: 68,829

How PowerPoint Makes You Stupid by Franck Frommer

Abraham Maslow, Albert Einstein, An Inconvenient Truth, business continuity plan, cuban missile crisis, dematerialisation, disinformation, hypertext link, invention of writing, inventory management, invisible hand, Just-in-time delivery, knowledge worker, Larry Ellison, Marshall McLuhan, means of production, new economy, oil shock, Ronald Reagan, Silicon Valley, Steve Jobs, Steve Wozniak, union organizing

There is an underlying shift from ‘rational legal’ authority, based on the attribution of roles through rules, toward an authority of experts over other experts defined by their actions in the production process: one is judged not on status but by what one does. . . . The place and number of “knowledge workers” or “professional managers” . . . who are defined by their own work, not by supervising the work of others, is growing at the expense of middle management who seem to be the unproductive personnel in the organization of knowledge.22 Thus the sharing of information—still a major question of power for the hierarchy in some companies—in ordinary work meetings has been completely changed by the contribution of new tools fostering collective creation, exchange, collaboration, and debate.

See landscape format; slides: format How to Win Friends and Influence People (Carnegie), 23 human capital, 191, 212 human relations, 140 human resources, 175–80, 186, 188 Hussein, Saddam, 154 IBM, 9 illustration, 92–99 animation, 98 distracts students, 203 clip art, 97 polysemy, 93–95 teachers, 214–15 See also diagrams and graphs An Inconvenient Truth (Gore), 73, 118–24 Apple Macintosh, 120 awards and ticket sales, 119 biographical details, 121 information distraction, 226–27 processing, 10–12, 29 society, 126, 217, 227 Internet Gore, 120 military imagery, 157 Powell’s PowerPoint, 155 schools, 217 search engines, 65 security, 20 teachers and templates, 214–15 use in higher education, 199 iPad, iPhone, and iPod, 116–17, 226 Iran, 158, 161 Iraq, 154–55, 161–64 Israel, 161 Jaffe, Greg, 162 Jeanneret, Yves, 107 Jobs, Steve, 112–18, 227 Macworld Conference Expo, 113–17 Gates videoconference, 115–16 iPod and iPhone, 116–17 The Presentation Secrets of Steve Jobs, 117 jobs. See economization; education: employment Kawasaki, Guy, 85–86 Knoblauch, Herbert, 108, 126 knowledge society, 126–27, 227 transmission, 108–9, 126–27, 192, 205, 219 knowledge workers. See information processing Kodak, 25 landscape format, 6, 49, 78–79 See also slides: format language, 50–56, 66–75 advertising, 66–72 asyndeton, 69 ellipsis, 68 epideictic, 67 euphemism, 69–70 Anglo-influenced, 51–53 English, 53, 208 decontextualization, 55 impoverishment, 50–51, 223 indefinite article, 54 infinitive verb, 54–55, 59 Newspeak, 50–52, 70, 175, 188 nominalization, 52–53 propaganda, 66, 156, 161 quotation, 72–75 Laval, Christian, 210 layoffs.


pages: 224 words: 48,804

The Productive Programmer by Neal Ford

anti-pattern, business process, c2.com, continuous integration, database schema, domain-specific language, don't repeat yourself, Firefox, general-purpose programming language, knowledge worker, Larry Wall, Paradox of Choice, Ruby on Rails, side project, type inference, web application, William of Occam

Here you will learn how to enhance your focus with specific tools and approaches to interacting with your computer, as well as ways to make your coworkers leave you alone so that you can quit banging rocks together and get some work done. The goal is to get you back to that dazed but happy state of just having scaled a virtual mountain. Kill Distractions You are a knowledge worker, meaning you are paid for the creative and innovative ideas you produce. Dealing with constant distractions, both at your desk and on your desktop, can threaten your best contributions to your projects. Developers crave a state known as flow, discussed in lots of places (it even has an entire book devoted to it, written by Csikszentmihalyi).

These two areas don’t support a large number of items, but using them for just a few project consolidator folders makes sense. Multiply Your Monitors Monitors have gotten cheap, and developers can use the extra real estate. It is penny-wise and dollar foolish not to supply developers with ultra-fast computers and dual monitors. Every moment that a knowledge worker stares at an hourglass is pure wasted productivity. Having to work to manage all the overlapping windows on a cramped monitor also wastes time. Multiple monitors allow you to write code on one and debug on the other. Or keep documentation alongside your coding. Having multiple monitors is just the first step, though, because you can also segregate your dual workspaces into a bunch of specialized views using virtual desktops.


pages: 204 words: 67,922

Elsewhere, U.S.A: How We Got From the Company Man, Family Dinners, and the Affluent Society to the Home Office, BlackBerry Moms,and Economic Anxiety by Dalton Conley

Alan Greenspan, assortative mating, call centre, clean water, commoditize, company town, dematerialisation, demographic transition, Edward Glaeser, extreme commuting, feminist movement, financial independence, Firefox, Frank Levy and Richard Murnane: The New Division of Labor, Home mortgage interest deduction, income inequality, informal economy, insecure affluence, It's morning again in America, Jane Jacobs, Joan Didion, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, labor-force participation, late capitalism, low interest rates, low skilled workers, manufacturing employment, mass immigration, McMansion, Michael Shellenberger, mortgage tax deduction, new economy, off grid, oil shock, PageRank, Paradox of Choice, Ponzi scheme, positional goods, post-industrial society, post-materialism, principal–agent problem, recommendation engine, Richard Florida, rolodex, Ronald Reagan, Silicon Valley, Skype, statistical model, Ted Nordhaus, The Death and Life of Great American Cities, The Great Moderation, the long tail, the strength of weak ties, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, Tragedy of the Commons, transaction costs, women in the workforce, Yom Kippur War

Yes, there was always pressure to keep up the speed and keep down the error rate, but contrast that with today’s knowledge worker, who needs to be able to multitask, constantly learn new computer programs, and generally adapt to a fluid work flow of highly variable tasks. It’s not that our jobs have necessarily gotten harder, but the increase in variance in our everyday tasks and the fact that they require more mental concentration and cognitive skills may be quite stress-inducing. There is always a new surprise just around the corner for the knowledge worker. The boring jobs that can be delegated to computers have been. Others that can’t have been outsourced to low-wage labor markets (the famous Indian call centers), thanks to telecommunications technologies.


pages: 481 words: 125,946

What to Think About Machines That Think: Today's Leading Thinkers on the Age of Machine Intelligence by John Brockman

Adam Curtis, agricultural Revolution, AI winter, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic trading, Anthropocene, artificial general intelligence, augmented reality, autism spectrum disorder, autonomous vehicles, backpropagation, basic income, behavioural economics, bitcoin, blockchain, bread and circuses, Charles Babbage, clean water, cognitive dissonance, Colonization of Mars, complexity theory, computer age, computer vision, constrained optimization, corporate personhood, cosmological principle, cryptocurrency, cuban missile crisis, Danny Hillis, dark matter, data science, deep learning, DeepMind, Demis Hassabis, digital capitalism, digital divide, digital rights, discrete time, Douglas Engelbart, driverless car, Elon Musk, Emanuel Derman, endowment effect, epigenetics, Ernest Rutherford, experimental economics, financial engineering, Flash crash, friendly AI, functional fixedness, global pandemic, Google Glasses, Great Leap Forward, Hans Moravec, hive mind, Ian Bogost, income inequality, information trail, Internet of things, invention of writing, iterative process, James Webb Space Telescope, Jaron Lanier, job automation, Johannes Kepler, John Markoff, John von Neumann, Kevin Kelly, knowledge worker, Large Hadron Collider, lolcat, loose coupling, machine translation, microbiome, mirror neurons, Moneyball by Michael Lewis explains big data, Mustafa Suleyman, natural language processing, Network effects, Nick Bostrom, Norbert Wiener, paperclip maximiser, pattern recognition, Peter Singer: altruism, phenotype, planetary scale, Ray Kurzweil, Recombinant DNA, recommendation engine, Republic of Letters, RFID, Richard Thaler, Rory Sutherland, Satyajit Das, Search for Extraterrestrial Intelligence, self-driving car, sharing economy, Silicon Valley, Skype, smart contracts, social intelligence, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, strong AI, Stuxnet, superintelligent machines, supervolcano, synthetic biology, systems thinking, tacit knowledge, TED Talk, the scientific method, The Wisdom of Crowds, theory of mind, Thorstein Veblen, too big to fail, Turing machine, Turing test, Von Neumann architecture, Watson beat the top human players on Jeopardy!, We are as Gods, Y2K

Both distract from the fact that at the heart of the debate is a very real John Henry moment. In the folktale of the late nineteenth century, the mythical steel-driving man John Henry dies beating a steam-powered hammer during a competition to drill blast holes into a West Virginia mountainside. White-collar and knowledge workers now face a race against being outperformed by machines driven by artificial intelligence. In this case, AI is mainly a synonym for new levels of mainly digital productivity. Which is of course not quite as exciting as either waiting for the moment of Singularity or the advent of doom. At the same time, the reality of AI is not quite as comforting as the realization that machines, if properly handled, will always serve their masters.

Just like the steam hammer in John Henry’s tale, most digital tools will outperform humans at highly specialized tasks. So of course there will still be a demand for high skills and outstanding talent. No computer will ever replace a scientist, an artist, an innovator. It’s the midlevel white-collar or knowledge worker who will fall behind. As AIs’ efficiencies and skill sets increase, they also become tools of power. Surveillance, warfare, and torture are done much better by an entity not prone to emotions, conflicted values, or fatigue. Still, the danger that hostile or even lethal machines will develop an evil consciousness and turn against humankind is nil.

It won’t take the advent of a superior intelligence to turn abstract debates about AI into very real questions of power, values, and societal changes. Technology can initiate and advance historical shifts; it will never be the shift itself. The John Henry moment of the twenty-first century will be neither heroic nor entertaining. There are no grand gestures with which white-collar and knowledge workers can go down fighting. There will be no folk heroes dying in the office park. Today’s John Henry will merely fade into a sad statistic. Undoubtedly calculated by a skillfully thinking machine. MACHINES AREN’T INTO RELATIONSHIPS N. J. ENFIELD Senior staff scientist, Max Planck Institute for Psycholinguistics, Nijmegen, the Netherlands; professor of linguistics, University of Sydney; author, The Utility of Meaning When we think of machines that think, we usually think of thinking in the pocket-calculator sense of the word.


pages: 413 words: 119,587

Machines of Loving Grace: The Quest for Common Ground Between Humans and Robots by John Markoff

A Declaration of the Independence of Cyberspace, AI winter, airport security, Andy Rubin, Apollo 11, Apple II, artificial general intelligence, Asilomar, augmented reality, autonomous vehicles, backpropagation, basic income, Baxter: Rethink Robotics, Bill Atkinson, Bill Duvall, bioinformatics, Boston Dynamics, Brewster Kahle, Burning Man, call centre, cellular automata, Charles Babbage, Chris Urmson, Claude Shannon: information theory, Clayton Christensen, clean water, cloud computing, cognitive load, collective bargaining, computer age, Computer Lib, computer vision, crowdsourcing, Danny Hillis, DARPA: Urban Challenge, data acquisition, Dean Kamen, deep learning, DeepMind, deskilling, Do you want to sell sugared water for the rest of your life?, don't be evil, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, Dr. Strangelove, driverless car, dual-use technology, Dynabook, Edward Snowden, Elon Musk, Erik Brynjolfsson, Evgeny Morozov, factory automation, Fairchild Semiconductor, Fillmore Auditorium, San Francisco, From Mathematics to the Technologies of Life and Death, future of work, Galaxy Zoo, General Magic , Geoffrey Hinton, Google Glasses, Google X / Alphabet X, Grace Hopper, Gunnar Myrdal, Gödel, Escher, Bach, Hacker Ethic, Hans Moravec, haute couture, Herbert Marcuse, hive mind, hype cycle, hypertext link, indoor plumbing, industrial robot, information retrieval, Internet Archive, Internet of things, invention of the wheel, Ivan Sutherland, Jacques de Vaucanson, Jaron Lanier, Jeff Bezos, Jeff Hawkins, job automation, John Conway, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, John von Neumann, Kaizen: continuous improvement, Kevin Kelly, Kiva Systems, knowledge worker, Kodak vs Instagram, labor-force participation, loose coupling, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, medical residency, Menlo Park, military-industrial complex, Mitch Kapor, Mother of all demos, natural language processing, Neil Armstrong, new economy, Norbert Wiener, PageRank, PalmPilot, pattern recognition, Philippa Foot, pre–internet, RAND corporation, Ray Kurzweil, reality distortion field, Recombinant DNA, Richard Stallman, Robert Gordon, Robert Solow, Rodney Brooks, Sand Hill Road, Second Machine Age, self-driving car, semantic web, Seymour Hersh, shareholder value, side project, Silicon Valley, Silicon Valley startup, Singularitarianism, skunkworks, Skype, social software, speech recognition, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Strategic Defense Initiative, strong AI, superintelligent machines, tech worker, technological singularity, Ted Nelson, TED Talk, telemarketer, telepresence, telepresence robot, Tenerife airport disaster, The Coming Technological Singularity, the medium is the message, Thorstein Veblen, Tony Fadell, trolley problem, Turing test, Vannevar Bush, Vernor Vinge, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are as Gods, Whole Earth Catalog, William Shockley: the traitorous eight, zero-sum game

At the same time, on the other side of campus, Douglas Engelbart, who was a dreamer intent on using his expertise to improve the world, believed that computers should be used to “augment” or extend human capabilities, rather than to mimic or replace them. He set out to create a system to permit small groups of knowledge workers to quickly amplify their intellectual powers and work collaboratively. One researcher attempted to replace human beings with intelligent machines, while the other aimed to extend human capabilities. Of course, together, their work defined both a dichotomy and a paradox. The paradox is that the same technologies that extend the intellectual power of humans can displace them as well.

White-collar employment had been the engine of growth for the U.S. economy since the end of World War II, but now cracks began to appear. What were once solid white-collar jobs began disappearing. Routinized white-collar work was now clearly at risk as the economy began to recover in 2009 in the form of what was described as a “jobless recovery.” Indications were that knowledge workers’ jobs higher up in the economic pyramid were for the first time vulnerable. Economists such as MIT’s David Autor began to pick apart the specifics of the changing labor force and put forward the idea that the U.S. economy was being “hollowed out.” It might continue to grow at the bottom and the top, but middle-class jobs, essential to a modern democracy, were evaporating, he argued.

It had been at the heart of Doug Engelbart’s original NLS system, but as the personal computer had emerged, much of Engelbart’s broader vision had been sidelined as first Xerox PARC and then Apple and Microsoft had cherry-picked his ideas, like the mouse and hypertext, while ignoring his broader mission for an intelligence augmentation system that would facilitate small groups of knowledge workers. Gruber created a software program that automatically generated a living document of the work done by a group of people. Over a couple of weeks he sat down and built a program named Hypermail that would “live” on the same computer that was running a mail server and would generate a threaded copy of an email conversation that could be retrieved from the Web.


pages: 494 words: 116,739

Geek Heresy: Rescuing Social Change From the Cult of Technology by Kentaro Toyama

Abraham Maslow, Albert Einstein, Apollo 11, behavioural economics, Berlin Wall, Bernie Madoff, blood diamond, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cognitive dissonance, commoditize, computer vision, conceptual framework, delayed gratification, digital divide, do well by doing good, Edward Glaeser, Edward Jenner, en.wikipedia.org, end world poverty, epigenetics, Erik Brynjolfsson, Evgeny Morozov, Francis Fukuyama: the end of history, fundamental attribution error, gamification, germ theory of disease, global village, Hans Rosling, happiness index / gross national happiness, income inequality, invention of the printing press, invisible hand, Isaac Newton, Khan Academy, Kibera, knowledge worker, Larry Ellison, Lewis Mumford, liberation theology, libertarian paternalism, longitudinal study, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, means of production, microcredit, mobile money, Neil Armstrong, Nelson Mandela, Nicholas Carr, North Sea oil, One Laptop per Child (OLPC), Panopticon Jeremy Bentham, pattern recognition, Peter Singer: altruism, Peter Thiel, post-industrial society, Powell Memorandum, randomized controlled trial, rent-seeking, RFID, Richard Florida, Richard Thaler, school vouchers, self-driving car, Sheryl Sandberg, Silicon Valley, Simon Kuznets, Stanford marshmallow experiment, Steve Jobs, Steven Pinker, technological determinism, technological solutionism, technoutopianism, TED Talk, The Fortune at the Bottom of the Pyramid, the long tail, Twitter Arab Spring, Upton Sinclair, Walter Mischel, War on Poverty, winner-take-all economy, World Values Survey, Y2K

Anyone committed to supporting these communities must undo the damage of earlier efforts first, before being able to meaningfully engage. 15.In a study with its partner, Voluntary Association for Rural Reconstruction & Appropriate Technology, Digital Green was found to increase annual income by 68 percent, on average, from $144 a year to $242. Some households saw their incomes double. 16.It’s also possible for technology projects to build the institutional capacity required from scratch. Grameen Foundation (2014), a nonprofit I advise that seeks technological innovations for global poverty, did exactly that in its Community Knowledge Worker (CKW) project in Uganda. It identified, recruited, trained, and empowered local villagers to serve as CKWs in their communities. 17.Ramkumar (2008) includes a case study on social audits, including challenges of implementation, as written by a former MKSS member. 18.Veeraraghavan (2013). 19.

New York Times, Sept. 11, 1990, www.nytimes.com/1990/09/11/science/probing-school-success-of-asian-americans.html. ———. (1995). Emotional Intelligence. Bantam Books. GOP Doctors Caucus. (n.d.). Health information technology, http://doctorscaucus.gingrey.house.gov/issues/issue/?IssueID=9947. Grameen Foundation. (2014). Lessons learned, 2009–2014: Community Knowledge Worker Uganda Program. Oct. 2014, http://grameenfoundation.org/sites/grameenfoundation.org/files/resources/Grameen-Foundation_CKW-Lessons-Learned-%282009-2014%29_Executive-Summary_0.pdf. Green, Elizabeth. (2014). Why do Americans stink at math? New York Times Magazine, July 23, 2014, www.nytimes.com/2014/07/27/magazine/why-do-americans-stink-at-math.html.

See also Self-help groups Collectivism, individualism and, 93 Colombia: One Laptop Per Child, 8 Communications Arab Spring suppression of, 33–34 cyberbalkanization, 47 history of technologies, 7–8 latent desires driving habits, 40–41 management, 44–46 personal and political interaction, 46–47 telecenters, 105 texting, 25, 56, 69, 235(n33) unintended consequences, 56 See also Mobile phones; Social media Community efforts. See Collective action; Mentorship Community Knowledge Worker (CKW) project, 247(n16) Compartamos Banco (Mexico), 58–60, 66–67, 236(n7) Compassionate class, 188–191, 270(n48). See also Self-transcendence Computer literacy, 9, 17–20, 27–28, 105, 122–124 Computer programming classes, 114–115, 120–121, 125–127, 248(n25) Computers and society. See Technology and society Confucianism, 96, 214, 266(n7) Consequentialist virtue ethics, 213–214, 274–275(n4) Consumer culture, 96–97, 177–178 Consumption capacity, 82–84 Consumption smoothing, 59.


pages: 267 words: 72,552

Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger, Thomas Ramge

accounting loophole / creative accounting, Air France Flight 447, Airbnb, Alvin Roth, Apollo 11, Atul Gawande, augmented reality, banking crisis, basic income, Bayesian statistics, Bear Stearns, behavioural economics, bitcoin, blockchain, book value, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, Cass Sunstein, centralized clearinghouse, Checklist Manifesto, cloud computing, cognitive bias, cognitive load, conceptual framework, creative destruction, Daniel Kahneman / Amos Tversky, data science, Didi Chuxing, disruptive innovation, Donald Trump, double entry bookkeeping, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, flying shuttle, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, fundamental attribution error, George Akerlof, gig economy, Google Glasses, Higgs boson, information asymmetry, interchangeable parts, invention of the telegraph, inventory management, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, job satisfaction, joint-stock company, Joseph Schumpeter, Kickstarter, knowledge worker, labor-force participation, land reform, Large Hadron Collider, lone genius, low cost airline, low interest rates, Marc Andreessen, market bubble, market design, market fundamentalism, means of production, meta-analysis, Moneyball by Michael Lewis explains big data, multi-sided market, natural language processing, Neil Armstrong, Network effects, Nick Bostrom, Norbert Wiener, offshore financial centre, Parag Khanna, payday loans, peer-to-peer lending, Peter Thiel, Ponzi scheme, prediction markets, price anchoring, price mechanism, purchasing power parity, radical decentralization, random walk, recommendation engine, Richard Thaler, ride hailing / ride sharing, Robinhood: mobile stock trading app, Sam Altman, scientific management, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley startup, six sigma, smart grid, smart meter, Snapchat, statistical model, Steve Jobs, subprime mortgage crisis, Suez canal 1869, tacit knowledge, technoutopianism, The Future of Employment, The Market for Lemons, The Nature of the Firm, transaction costs, universal basic income, vertical integration, William Langewiesche, Y Combinator

Daimler CEO Dieter Zetsche announced a radical restructuring of his company, a symbol of German corporate conservatism, and its traditional top-down management culture. His goal was to have 60,000 employees—around 20 percent of Daimler’s global workforce—operate outside their former reporting lines and corporate silos within one year. Knowledge workers at Mercedes-Benz’s parent company weren’t laid off; they were asked to become part of a reshaped organization with flexible teams and less hierarchy. Zetsche is a tall, slim man with a background in electrical engineering. He is easy to recognize, thanks to his bushy mustache and his sense of humor.

Fukoku concedes that experienced employees will still have to check and approve the decisions the new system will suggest, but Fukoku is already looking into installing another machine learning system to do this double-checking. For decades, tech pundits have claimed that artificial intelligence will replace human knowledge workers. It always seemed possible, but it has rarely happened. Even routine clerical decisions at insurance companies weren’t standardized and simple enough to automate with artificial intelligence systems based on fixed rules. But artificial intelligence has evolved—from systems based on general rules to learning ones—trained on massive amounts of data.


pages: 280 words: 75,820

Rapt: Attention and the Focused Life by Winifred Gallagher

Abraham Maslow, Albert Einstein, Atul Gawande, behavioural economics, Build a better mousetrap, Daniel Kahneman / Amos Tversky, David Brooks, delayed gratification, do what you love, epigenetics, Frank Gehry, fundamental attribution error, Isaac Newton, knowledge worker, longitudinal study, loss aversion, Mahatma Gandhi, McMansion, mirror neurons, music of the spheres, Nelson Mandela, off-the-grid, Paradox of Choice, Ralph Waldo Emerson, Richard Feynman, Rodney Brooks, Ronald Reagan, Silicon Valley, social intelligence, Walter Mischel, zero-sum game

When discussing his favorite targets, Brown also describes the two expressions of the quintessential personality trait—often called “extraversion”—and the different attentional styles that tend to complement them. At one end of this continuum lies the introverted disposition and inward concentration typical of many “knowledge workers” drawn to the big cities where surveillance cameras abound. As Brown says, “Most of them are not really in the world. They’re just hooked into themselves, paying attention to their own thoughts and fears, as well as their cell phones, iPods, and BlackBerries. They walk very, very quickly with their eyes down diagonally, towards people’s shoes.

James, Henry James, William on attentional styles cognitive therapy and on improving attention Langer compared with on length of focus on rapt attention on wisdom Japan, Japanese Jefferson, Thomas Jha, Amishi Johns Hopkins Hospital Johnson, Samuel joy Jung, Carl justice Kabat-Zinn, Jon Kahneman, Daniel bounded rationality and effects of adaptation and fortune cookie maxim and Nobel Prize of personality tests and Kaiping Peng Kant, Immanuel Kaplan, Rachel Kaplan, Stephen Karney, Benjamin kindness Kine, Starlee King, Martin Luther Kismet (robot) knowledge, previous, integration of new information with knowledge workers Kohut, Heinz Langer, Ellen language Lazarus, Richard learning explicit vs. implicit of language leisure decision-making and Leonard, Elmore leverage points Levertov, Denise life, as creation of what is focused on see also meaning; quality of life Limb, Charles Listening to Prozac (Kramer) Locke, John longevity “look for the silver lining” loss risk vs.


pages: 255 words: 75,172

Sleeping Giant: How the New Working Class Will Transform America by Tamara Draut

affirmative action, Affordable Care Act / Obamacare, always be closing, American ideology, antiwork, battle of ideas, big-box store, Black Lives Matter, blue-collar work, collective bargaining, creative destruction, David Brooks, declining real wages, deindustrialization, desegregation, Detroit bankruptcy, Donald Trump, Edward Glaeser, ending welfare as we know it, Ferguson, Missouri, financial deregulation, full employment, gentrification, immigration reform, income inequality, independent contractor, invisible hand, job satisfaction, knowledge economy, knowledge worker, low skilled workers, machine readable, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, obamacare, occupational segregation, payday loans, pink-collar, plutocrats, Powell Memorandum, profit motive, public intellectual, race to the bottom, Ralph Nader, rent-seeking, rising living standards, Ronald Reagan, shared worldview, stock buybacks, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, trickle-down economics, union organizing, upwardly mobile, War on Poverty, white flight, women in the workforce, young professional

The rest of America’s largest occupations are retail salespeople, cashiers, food service and prep workers, and janitors.10 Contrary to popular opinion, most of these jobs are not filled by teenagers but by adults who are trying to support themselves and their families with this work. Despite the elite’s fixation on entrepreneurship and knowledge workers, America is powered by wage-earners who punch the clock, wear uniforms, and don’t remotely have any power to “lean in” to climb the corporate ladder. For decades now we’ve been sold the idea that a growing army of knowledge workers, innovating and ideating in amenity-rich office parks, hold the key to our nation’s prosperity. Column after column written by the likes of Thomas Friedman and David Brooks argue that the future success of our economy rests on cultivating skills such as creative problem-solving and critical thinking, with a special affinity for fields in science, technology, and engineering.


pages: 280 words: 71,268

Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World With OKRs by John Doerr

Abraham Maslow, Albert Einstein, Big Tech, Bob Noyce, cloud computing, collaborative editing, commoditize, crowdsourcing, data science, fail fast, Fairchild Semiconductor, Firefox, Frederick Winslow Taylor, Google Chrome, Google Earth, Google X / Alphabet X, Haight Ashbury, hockey-stick growth, intentional community, Jeff Bezos, job satisfaction, Khan Academy, knowledge worker, Mary Meeker, Menlo Park, meta-analysis, PageRank, Paul Buchheit, Ray Kurzweil, risk tolerance, Salesforce, scientific management, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Steven Levy, subscription business, Susan Wojcicki, web application, Yogi Berra, éminence grise

He sought to “create an environment that values and emphasizes output” and to avoid what Drucker termed the “activity trap”: “[S]tressing output is the key to increasing productivity, while looking to increase activity can result in just the opposite.” On an assembly line, it’s easy enough to distinguish output from activity. It gets trickier when employees are paid to think. Grove wrestled with two riddles: How can we define and measure output by knowledge workers? And what can be done to increase it? Grove was a scientific manager. He read everything in the budding fields of behavioral science and cognitive psychology. While the latest theories offered “a nicer way to get people to work” than in Henry Ford’s heyday, controlled university experiments “simply would not show that one style of leadership was better than another.

OKRs MBOs Intel OKRs “What” “What” and “How” Annual Quarterly or Monthly Private and Siloed Public and Transparent Top-down Bottom-up or Sideways (~50%) Tied to Compensation Mostly Divorced from Compensation Risk Averse Aggressive and Aspirational By 1975, when I arrived at Intel, Grove’s OKR system was in full swing. Every knowledge worker in the company formulated monthly individual objectives and key results. Within days of the iOPEC seminar, my supervisor directed me to do the same. I’d been put to work writing benchmarks for the 8080, Intel’s latest entry in the 8-bit microprocessor marketplace, where it reigned supreme. My goal was to show how our chip was faster and generally beat the competition.


Raw Data Is an Oxymoron by Lisa Gitelman

23andMe, collateralized debt obligation, computer age, continuous integration, crowdsourcing, disruptive innovation, Drosophila, Edmond Halley, Filter Bubble, Firefox, fixed income, folksonomy, Google Earth, Howard Rheingold, index card, informal economy, information security, Isaac Newton, Johann Wolfgang von Goethe, knowledge worker, Large Hadron Collider, liberal capitalism, lifelogging, longitudinal study, Louis Daguerre, Menlo Park, off-the-grid, optical character recognition, Panopticon Jeremy Bentham, peer-to-peer, RFID, Richard Thaler, Silicon Valley, social graph, software studies, statistical model, Stephen Hawking, Steven Pinker, text mining, time value of money, trade route, Turing machine, urban renewal, Vannevar Bush, WikiLeaks

The best description of the dataverse from within precipitates nicely from the wonderful observation from Benjamin that Krajewski cites in chapter 6 (this volume): “And even today, as the current scientific method teaches us, the book is an archaic intermediate between two different card index systems. For everything substantial is found in the slip box of the researcher who wrote it and the scholar who studies in it, assimilated into its own card index.” We typically conceive of knowledge as passing from knowledge worker to knowledge worker via the intermediary of the datum. However, as Marx displayed so brilliantly with his M-C-M (money-commodity-money) cycle, we can achieve analytic purchase by looking at C-M-C (which in our era, felicitously, may refer to computer-mediated communication). We can start perhaps by refining the terms of the cycle.


Howard Rheingold by The Virtual Community Homesteading on the Electronic Frontier-Perseus Books (1993)

"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", Alvin Toffler, Apple II, bread and circuses, Brewster Kahle, Buckminster Fuller, commoditize, conceptual framework, disinformation, Do you want to sell sugared water for the rest of your life?, Douglas Engelbart, Douglas Engelbart, Electric Kool-Aid Acid Test, experimental subject, General Magic , George Gilder, global village, Gregor Mendel, Hacker Ethic, Haight Ashbury, Howard Rheingold, HyperCard, intentional community, Ivan Sutherland, John Gilmore, John Markoff, Kevin Kelly, knowledge worker, license plate recognition, loose coupling, Marshall McLuhan, megaproject, Menlo Park, meta-analysis, Mitch Kapor, Morris worm, multilevel marketing, packet switching, Panopticon Jeremy Bentham, profit motive, RAND corporation, Ray Oldenburg, rent control, RFC: Request For Comment, Ronald Reagan, Saturday Night Live, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, technoutopianism, Ted Nelson, telepresence, The Great Good Place, The Hackers Conference, the strength of weak ties, urban decay, UUNET, Whole Earth Catalog, Whole Earth Review, young professional

Studio speakers are on either side, focused on the one chair in the middle of all the equipment. A television is mounted at eye level, above the audio monitor. A telephone is at his right hand. And directly in front of him is the computer and modem. David Gans marinates himself in media for a living. Not exactly what Peter Drucker envisioned when he coined the term knowledge worker, I'd bet. David Gans, like a lot of others these days, is multitasking. The WELL is just part of the information flow. Then there is Mandel , who appears at first glance to better fit the image of the information-age specialist. He brought some kind 26-04-2012 21:42 howard rheingold's | the virtual community 15 de 27 http://www.rheingold.com/vc/book/2.html of intellectual respectability to the high-tech bull session.

For some time now, these early adopters have been joined by the first ranks of the mainstream CMC users. Increasingly, many people who paint houses or build boats or work in an office or hospital or sell real estate, but who are curious about new cultural phenomena and not afraid of using a computer keyboard to express themselves, are mixing it up with the knowledge workers. People who work for themselves, whether it is with their hands or their symbols, have been plugging into the Net for the kind of tactical and emotional support others get at the office or factory. Since so many members of virtual communities are workers whose professional standing is based on what they know, virtual communities can be practical instruments.

If you need specific information or an expert opinion or a pointer to a resource, a virtual community is like a living encyclopedia. Virtual communities can help their members, whether or not they are information-related workers, to cope with information overload. The problem with the information age, especially for students and knowledge workers who spend their time immersed in the info flow, is that there is too much information available and few effective filters for sifting the key data that are useful and interesting to us as individuals. Programmers are trying to design better and better software agents that can seek and sift, filter and find, and save us from the awful feeling one gets when it turns out that the specific knowledge one needs is buried in fifteen thousand pages of related information.


pages: 72 words: 21,361

Race Against the Machine: How the Digital Revolution Is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy by Erik Brynjolfsson

Abraham Maslow, Amazon Mechanical Turk, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, business cycle, business process, call centre, combinatorial explosion, corporate governance, creative destruction, crowdsourcing, David Ricardo: comparative advantage, driverless car, easy for humans, difficult for computers, Erik Brynjolfsson, factory automation, first square of the chessboard, first square of the chessboard / second half of the chessboard, Frank Levy and Richard Murnane: The New Division of Labor, general purpose technology, hiring and firing, income inequality, intangible asset, job automation, John Markoff, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Khan Academy, Kickstarter, knowledge worker, Loebner Prize, low skilled workers, machine translation, minimum wage unemployment, patent troll, pattern recognition, Paul Samuelson, Ray Kurzweil, rising living standards, Robert Gordon, Robert Solow, self-driving car, shareholder value, Skype, the long tail, too big to fail, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, Watson beat the top human players on Jeopardy!, wealth creators, winner-take-all economy, zero-sum game

And these changes build and feed on each other so that the possibilities offered really are constantly expanding. This has been the case for as long as businesses have been using computers, even when we were still in the front half of the chessboard. The personal computer, for example, democratized computing in the early 1980s, putting processing power in the hands of more and more knowledge workers. In the mid-1990s two major innovations appeared: the World Wide Web and large-scale commercial business software like enterprise resource planning (ERP) and customer relationship management (CRM) systems. The former gave companies the ability to tap new markets and sales channels, and also made available more of the world’s knowledge than had ever before been possible; the latter let firms redesign their processes, monitor and control far-flung operations, and gather and analyze vast amounts of data.


pages: 300 words: 79,315

Getting Things Done: The Art of Stress-Free Productivity by David Allen

Albert Einstein, Alvin Toffler, asset allocation, cognitive dissonance, conceptual framework, Everything should be made as simple as possible, George Santayana, index card, Kickstarter, knowledge worker, Ralph Waldo Emerson, rolodex

The Real Work of Knowledge Work Welcome to the real-life experience of “knowledge work,” and a profound operational principle: You have to think about your stuff more than you realize but not as much as you’re afraid you might. As Peter Drucker has written, “In knowledge work . . . the task is not given; it has to be determined. ‘What are the expected results from this work?’ is . . . the key question in making knowledge workers productive. And it is a question that demands risky decisions. There is usually no right answer; there are choices instead. And results have to be clearly specified, if productivity is to be achieved.” The ancestor of every action is a thought. —Ralph Waldo Emerson Most people have a resistance to initiating the burst of energy that it will take to clarify the real meaning, for them, of something they have let into their world, and to decide what they need to do about it.

We need to transform all the “stuff” we’re trying to organize into actionable stuff we need to do. “Stuff” is not inherently a bad thing. Things that command our attention, by their very nature, usually show up as “stuff.” But once “stuff” comes into our lives and work, we have an inherent commitment to ourselves to define and clarify its meaning. That’s our responsibility as knowledge workers; if “stuff” were already transformed and clear, our value, other than physical labor, would probably not be required. At the conclusion of one of my seminars, a senior manager of a major biotech firm looked back at the to-do lists she had come in with and said, “Boy, that was an amorphous blob of undoability!”


pages: 336 words: 83,903

The Refusal of Work: The Theory and Practice of Resistance to Work by David Frayne

anti-work, antiwork, basic income, Bertrand Russell: In Praise of Idleness, Californian Ideology, call centre, capitalist realism, classic study, clockwatching, critique of consumerism, David Graeber, deindustrialization, deskilling, emotional labour, Ford Model T, future of work, Herbert Marcuse, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kickstarter, knowledge economy, knowledge worker, low skilled workers, McJob, means of production, moral panic, new economy, Paradox of Choice, post-work, profit motive, Silicon Valley, Silicon Valley ideology, Skype, unpaid internship, work culture , working poor, young professional

Futurologists forecasted the advent of a new ‘knowledge economy’, which would see a shift away from the standardised manual work of old, towards a higher concentration of smart jobs in the service and computer-based industries (Bell, 1973). Now a political orthodoxy, the notion of a new ‘knowledge economy’ was first celebrated by economists and sociologists in the 1960s, when it was generally believed that the future prosperity of nations would depend on their ability to produce intelligent, knowledgeable workers for a new era of work. Post-industrial forms of employment would help reintroduce the ‘human factor’ into work, and jobs would no longer simply be about efficiency and obeying orders; they would draw on the more distinctively human qualities such as social competence, cognitive ability, practical experience, or consciousness of responsibility, offering workers new opportunities to feel morally invested in their work (Offe, 1985: 137–8).

P. (1967) ‘Time, Work-Discipline and Industrial Capitalism’, Past & Present, 38, 1, pp 56–97. http://dx.doi.org/10.1093/past/38.1.56 Thompson, E. P. (1976) ‘Romanticism, Moralism and Utopianism: The Case of William Morris’, New Left Review, 99, pp 83–111. Thompson, P., C. Warhurst and G. Callaghan (2001) ‘Ignorant Theory and Knowledgeable Workers: Interrogating the Connections Between Knowledge, Skills and Services’, Journal of Management Studies, 38, 7, pp 923–942. http://dx.doi.org/10.1111/1467-6486.00266 Thoreau, H. (1962) ‘Life Without Principle’, in H. Thoreau, Walden and Other Writings, edited by J. Krutch, New York: Bantam Books.


pages: 252 words: 78,780

Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons

"Friedman doctrine" OR "shareholder theory", "Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Amazon Robotics, Amazon Web Services, antiwork, Apple II, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Blue Ocean Strategy, business process, call centre, Cambridge Analytica, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, data science, David Heinemeier Hansson, digital rights, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, full employment, future of work, gig economy, Gordon Gekko, greed is good, Hacker News, hiring and firing, holacracy, housing crisis, impact investing, income inequality, informal economy, initial coin offering, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, John Perry Barlow, Joseph Schumpeter, junk bonds, Kanban, Kevin Kelly, knowledge worker, Larry Ellison, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, new economy, Panopticon Jeremy Bentham, Parker Conrad, Paul Graham, paypal mafia, Peter Thiel, plutocrats, precariat, prosperity theology / prosperity gospel / gospel of success, public intellectual, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, San Francisco homelessness, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, Skinner box, Skype, Social Responsibility of Business Is to Increase Its Profits, SoftBank, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, TED Talk, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, WeWork, Whole Earth Catalog, work culture , workplace surveillance , Y Combinator, young professional, Zenefits

After Frederick Taylor came Peter Drucker, an Austrian-born intellectual whose thirty-nine books, including Concept of the Corporation (1946) and The Practice of Management (1954), established him as “the father of modern management.” Drucker was a trained economist and respected academic who coined the term knowledge worker. He loved Taylor and ranked him above all other business thinkers. He shared Taylor’s love of quantification and data gathering. “If you can’t measure it, you can’t improve it” is perhaps Drucker’s most famous quote. Later came Michael Porter, a Harvard business professor who claimed to have developed a methodology that would enable companies to create sustainable advantages using his Five Forces Framework.

Management Science Meets the Information Age Twentieth-century Taylorite methodologies like Six Sigma, Lean Manufacturing, and the Toyota Production System were developed for manufacturing physical things—cars, airplanes, lawn furniture, whatever. But now we’re in the Information Age, and most of us work with our brains, not our hands. Of course, with the rise of the Internet, clever management consultants started wondering if you could create a system that would optimize the productivity of knowledge workers and impose rigor and discipline on tasks like writing software code. And hey, if you could develop a scientific system for writing software, why not apply that to every aspect of running a company? Two new forms of Taylorism attempt to do that. The biggest is Agile, a management fad that has swept the corporate world and morphed into what some call a movement but is more like widespread mental illness.


pages: 316 words: 87,486

Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank

Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, Amazon Mechanical Turk, American ideology, antiwork, barriers to entry, Berlin Wall, Bernie Sanders, Black Lives Matter, blue-collar work, Burning Man, centre right, circulation of elites, Clayton Christensen, collective bargaining, Credit Default Swap, David Brooks, deindustrialization, disruptive innovation, Donald Trump, driverless car, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, financial engineering, financial innovation, Frank Gehry, fulfillment center, full employment, George Gilder, gig economy, Gini coefficient, Glass-Steagall Act, high-speed rail, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, knowledge economy, knowledge worker, Lean Startup, mandatory minimum, Marc Andreessen, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, McMansion, microcredit, mobile money, moral panic, mortgage debt, Nelson Mandela, new economy, obamacare, payday loans, Peter Thiel, plutocrats, Ponzi scheme, post-industrial society, postindustrial economy, pre–internet, profit maximization, profit motive, race to the bottom, Republic of Letters, Richard Florida, ride hailing / ride sharing, Ronald Reagan, Savings and loan crisis, sharing economy, Silicon Valley, Steve Jobs, Steven Levy, TaskRabbit, tech worker, TED Talk, Thorstein Veblen, too big to fail, Travis Kalanick, Uber for X, union organizing, urban decay, WeWork, women in the workforce, Works Progress Administration, young professional

This is why we still find advertising by lawyers and doctors somewhat off-putting, and why Americans were once shocked to learn that radio personalities took money to play records they didn’t genuinely like: because professionals are supposed to answer to a spirit more noble than personal gain.7 With the rise of the postindustrial economy in the last few decades, the range of professionals has exploded. To use the voguish term, these are “knowledge workers,” and many of them don’t fit easily into the old framework. They are often employees rather than independent practitioners, taking orders from some corporate manager instead of spending their lives in private practice. These modern professionals aren’t workers per se, and they aren’t capitalists either, strictly speaking.

The Boston area has all the ancillary advantages to show for it: a highly educated population, an unusually large number of patents, and more Nobel laureates than any other city in the country.7 Harvard University, the country’s oldest institution of higher learning, is actually mentioned in Massachusetts’s 1780 constitution, a document which quaintly declares the commonwealth’s interest in promoting “the republic of Letters.” These days, all Americans are interested in higher ed, but not because we want better poets and theologians. We love our universities because we believe they carry a straight-up payoff in dollars. Here, too, Massachusetts is the model. The Boston area has prospered fabulously as knowledge workers have become the country’s dominant cohort. In every sort of lab-coat and starched-shirt pursuit the city is well-represented: it has R&D; it has law firms; it has investment banks; it has management consulting; it has a remarkable concentration of life-science businesses. The coming of post-industrial society* has treated this most ancient of American cities extremely well.


pages: 301 words: 89,076

The Globotics Upheaval: Globalisation, Robotics and the Future of Work by Richard Baldwin

agricultural Revolution, Airbnb, AlphaGo, AltaVista, Amazon Web Services, Apollo 11, augmented reality, autonomous vehicles, basic income, Big Tech, bread and circuses, business process, business process outsourcing, call centre, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, commoditize, computer vision, Corn Laws, correlation does not imply causation, Credit Default Swap, data science, David Ricardo: comparative advantage, declining real wages, deep learning, DeepMind, deindustrialization, deskilling, Donald Trump, Douglas Hofstadter, Downton Abbey, Elon Musk, Erik Brynjolfsson, facts on the ground, Fairchild Semiconductor, future of journalism, future of work, George Gilder, Google Glasses, Google Hangouts, Hans Moravec, hiring and firing, hype cycle, impulse control, income inequality, industrial robot, intangible asset, Internet of things, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, Kevin Roose, knowledge worker, laissez-faire capitalism, Les Trente Glorieuses, low skilled workers, machine translation, Machine translation of "The spirit is willing, but the flesh is weak." to Russian and back, manufacturing employment, Mark Zuckerberg, mass immigration, mass incarceration, Metcalfe’s law, mirror neurons, new economy, optical character recognition, pattern recognition, Ponzi scheme, post-industrial society, post-work, profit motive, remote working, reshoring, ride hailing / ride sharing, Robert Gordon, Robert Metcalfe, robotic process automation, Ronald Reagan, Salesforce, San Francisco homelessness, Second Machine Age, self-driving car, side project, Silicon Valley, Skype, Snapchat, social intelligence, sovereign wealth fund, standardized shipping container, statistical model, Stephen Hawking, Steve Jobs, supply-chain management, systems thinking, TaskRabbit, telepresence, telepresence robot, telerobotics, Thomas Malthus, trade liberalization, universal basic income, warehouse automation

Here AI shouldn’t be viewed as a straight-out job destroyer since, indeed, the only alternative to employing AI would be to ignore the data (as is often the case even today). “People who worry about job losses to automation tend to overlook the unprecedented data explosion businesses are experiencing, now accelerating out of knowledge workers’ control and demanding automation to deal with it,” write London School of Economics professors Leslie Willcocks and Mary Lacity.13 Many of the firms that the professors studied have already adopted RPA solutions, and yet they have promised their workers that the robots would not lead to any layoffs—even if the RPAs meant that there would be no new hires in the department.

World Economic Forum, “The Future of Jobs Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution,” January 2016. 11. Masayuki Morikawa, “Who Are Afraid of Losing Their Jobs to Artificial Intelligence and Robots? Evidence from a Survey,” RIETI Discussion Paper 17-E-069, 2017. 12. Pew Research Center, “AI, Robotics, and the Future of Jobs,” August 2014. 13. Mary C. Lacity and Leslie Willcocks, “What Knowledge Workers Stand to Gain from Automation,” Harvard Business Review, June 19, 2015. 14. Rita Brunk, “The ABC of RPA, Part 5: What Is the Cost of Automation and How Do I Justify It to the Leadership Team?” Genfour.com, July 21, 2016. 15. Patrick Clark and Kim Bhasin, “Amazon’s Robot War Is Spreading,” Bloomberg, April 5, 2017. 16.


pages: 308 words: 84,713

The Glass Cage: Automation and Us by Nicholas Carr

Airbnb, Airbus A320, Andy Kessler, Atul Gawande, autonomous vehicles, Bernard Ziegler, business process, call centre, Captain Sullenberger Hudson, Charles Lindbergh, Checklist Manifesto, cloud computing, cognitive load, computerized trading, David Brooks, deep learning, deliberate practice, deskilling, digital map, Douglas Engelbart, driverless car, drone strike, Elon Musk, Erik Brynjolfsson, Evgeny Morozov, Flash crash, Frank Gehry, Frank Levy and Richard Murnane: The New Division of Labor, Frederick Winslow Taylor, future of work, gamification, global supply chain, Google Glasses, Google Hangouts, High speed trading, human-factors engineering, indoor plumbing, industrial robot, Internet of things, Ivan Sutherland, Jacquard loom, James Watt: steam engine, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kevin Kelly, knowledge worker, low interest rates, Lyft, machine readable, Marc Andreessen, Mark Zuckerberg, means of production, natural language processing, new economy, Nicholas Carr, Norbert Wiener, Oculus Rift, pattern recognition, Peter Thiel, place-making, plutocrats, profit motive, Ralph Waldo Emerson, RAND corporation, randomized controlled trial, Ray Kurzweil, recommendation engine, robot derives from the Czech word robota Czech, meaning slave, scientific management, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley ideology, software is eating the world, Stephen Hawking, Steve Jobs, systems thinking, tacit knowledge, TaskRabbit, technological determinism, technological solutionism, technoutopianism, TED Talk, The Wealth of Nations by Adam Smith, turn-by-turn navigation, Tyler Cowen, US Airways Flight 1549, Watson beat the top human players on Jeopardy!, William Langewiesche

In the workplace, automation’s focus on enhancing speed and efficiency—a focus determined by the profit motive rather than by any particular concern for people’s well-being—often has the effect of removing complexity from jobs, diminishing the challenge they present and hence the engagement they promote. Automation can narrow people’s responsibilities to the point that their jobs consist largely of monitoring a computer screen or entering data into prescribed fields. Even highly trained analysts and other so-called knowledge workers are seeing their work circumscribed by decision-support systems that turn the making of judgments into a data-processing routine. The apps and other programs we use in our private lives have similar effects. By taking over difficult or time-consuming tasks, or simply rendering those tasks less onerous, the software makes it even less likely that we’ll engage in efforts that test our skills and give us a sense of accomplishment and satisfaction.

(quiz show), 118–19, 121 Jobless Future, The (Aronowitz and DiFazio), 27–28 jobs, 14–17, 27–33, 85, 193 automation’s altering of, 67, 112–20 blue-collar, 28, 109 creating, 31, 32, 33 growth of, 28, 30, 32 loss of, 20, 21, 25, 27, 28, 30, 31, 40, 59, 115–18, 227 middle class, 27, 31, 32, 33n white-collar, 28, 30, 32, 40, 109 Jobs, Steve, 194 Jones, Michael, 132, 136–37, 151 Kasparov, Garry, 12 Katsuyama, Brad, 171 Kay, Rory, 58 Kelly, Kevin, 153, 225, 226 Kennedy, John, 27, 33 Kessler, Andy, 153 Keynes, John Maynard, 26–27, 66, 224, 227 Khosla, Vinod, 153–54 killing, robots and, 184, 185, 187–93 “Kitty Hawk” (Frost), 215 Klein, Gary, 123 Knight Capital Group, 156 know-how, 74, 76, 115, 122–23 knowledge, 74, 76, 77, 79, 80–81, 84, 85, 111, 121, 123, 131, 148, 153, 206, 214, 215 design, 144 explicit (declarative), 9, 10–11, 83 geographic, 128 medicine and, 100, 113, 123 tacit (procedural), 9–11, 83, 105, 113, 144 knowledge workers, 17, 148 Kool, Richard, 228–29 Korzybski, Alfred, 220 Kroft, Steve, 29 Krueger, Alan, 30–31 Krugman, Paul, 32–33 Kurzweil, Ray, 181, 200 labor, 227 abridging of, 23–25, 28–31, 37, 96 costs of, 18, 20, 31, 175 deskilling of, 106–12 division of, 106–7, 165 intellectualization of, 118 in “Mowing,” 211–14 strife, 37, 175 see also jobs; work Labor and Monopoly Capital (Braverman), 109–10 Labor Department, U.S., 66 labor unions, 25, 37, 59 Langewiesche, William, 50–51, 170 language, 82, 121, 150 Latour, Bruno, 204, 208 lawn mowers, robotic, 185 lawyers, law, 12, 116–17, 120, 123, 166 learning, 72–73, 77, 82, 84, 88–90, 175 animal studies and, 88–89 medical, 100–102 Lee, John, 163–64, 166, 169 LeFevre, Judith, 14, 15, 18 leisure, 16, 25, 27, 227 work vs., 14–16, 18 lethal autonomous robots (LARs), 188–93 Levasseur, Émile, 24–25 Leveson, Nancy, 155–56 Levesque, Hector, 121 Levinson, Stephen, 101 Levy, Frank, 9, 10 Lewandowsky, Stephan, 74 Lex Machina, 116–17 Licklider, J.


pages: 295 words: 81,861

Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation by Paris Marx

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, Airbnb, An Inconvenient Truth, autonomous vehicles, back-to-the-land, Berlin Wall, Bernie Sanders, bike sharing, Californian Ideology, car-free, carbon credits, carbon footprint, cashless society, clean tech, cloud computing, colonial exploitation, computer vision, congestion pricing, corporate governance, correlation does not imply causation, COVID-19, DARPA: Urban Challenge, David Graeber, deep learning, degrowth, deindustrialization, deskilling, Didi Chuxing, digital map, digital rights, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, Elon Musk, energy transition, Evgeny Morozov, Extinction Rebellion, extractivism, Fairchild Semiconductor, Ford Model T, frictionless, future of work, General Motors Futurama, gentrification, George Gilder, gig economy, gigafactory, global pandemic, global supply chain, Google Glasses, Google X / Alphabet X, green new deal, Greyball, high-speed rail, Hyperloop, independent contractor, Induced demand, intermodal, Jane Jacobs, Jeff Bezos, jitney, John Perry Barlow, Kevin Kelly, knowledge worker, late capitalism, Leo Hollis, lockdown, low interest rates, Lyft, Marc Benioff, market fundamentalism, minimum viable product, Mother of all demos, move fast and break things, Murray Bookchin, new economy, oil shock, packet switching, Pacto Ecosocial del Sur, Peter Thiel, pre–internet, price mechanism, private spaceflight, quantitative easing, QWERTY keyboard, Ralph Nader, Richard Florida, ride hailing / ride sharing, Ronald Reagan, safety bicycle, Salesforce, School Strike for Climate, self-driving car, Sidewalk Labs, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, social distancing, Southern State Parkway, Steve Jobs, Stewart Brand, Stop de Kindermoord, streetcar suburb, tech billionaire, tech worker, techlash, technological determinism, technological solutionism, technoutopianism, the built environment, The Death and Life of Great American Cities, TikTok, transit-oriented development, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban renewal, VTOL, walkable city, We are as Gods, We wanted flying cars, instead we got 140 characters, WeWork, Whole Earth Catalog, Whole Earth Review, work culture , Yom Kippur War, young professional

In 2015, journalist Lauren Smiley described the growing on-demand, app-based economy as the shut-in economy, where “you’re either pampered, isolated royalty—or you’re a 21st century servant.”10 Smiley observed that San Francisco was increasingly divided into two groups. On one side were the tech workers and a broader group of “knowledge” workers who earned high salaries, worked long hours, and used the gig apps to get everything from food delivery and laundry services to house cleaning, dog walking, and childcare. On the other was the contract labor force that delivered those services with few protections, no benefits, and precariously low pay.

As the tech economy was entering a new stage after the dot-com bubble had burst, cities tried to attract a particular class of worker in the hope that industries wanting to employ them would follow. The “creative class” theory, as outlined by urbanist and consultant Richard Florida, asserted that governments needed to create urban amenities and pass laws that would specifically appeal to this segment of high-demand “knowledge” workers with above-average incomes, further sidelining the residents who had already been hit by the shift to urban entrepreneurialism. In the process of importing affluent workers, cities embraced further gentrification, causing house prices to soar and urban inequality to deepen. In line with Florida’s model, sociologist Sharon Zukin explained that before the 2008 recession, cities assumed that “providing green space, bicycle paths, and cultural facilities, all much cheaper than affordable housing and more politically palatable than business subsidies, would help them to be winners in the global economy.”15 But with the post-recession growth of the tech industry, cities were positioned as “the social and cultural locus of technological innovation that makes businesses and countries winners in the global economy.”16 Guided by that strategy, there was a greater focus on providing public support to grow the sector and to ensure universities were producing both the talent and the intellectual property to form start-ups and attract industry giants.


pages: 288 words: 86,995

Rule of the Robots: How Artificial Intelligence Will Transform Everything by Martin Ford

AI winter, Airbnb, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, artificial general intelligence, Automated Insights, autonomous vehicles, backpropagation, basic income, Big Tech, big-box store, call centre, carbon footprint, Chris Urmson, Claude Shannon: information theory, clean water, cloud computing, commoditize, computer age, computer vision, Computing Machinery and Intelligence, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, data is the new oil, data science, deep learning, deepfake, DeepMind, Demis Hassabis, deskilling, disruptive innovation, Donald Trump, Elon Musk, factory automation, fake news, fulfillment center, full employment, future of work, general purpose technology, Geoffrey Hinton, George Floyd, gig economy, Gini coefficient, global pandemic, Googley, GPT-3, high-speed rail, hype cycle, ImageNet competition, income inequality, independent contractor, industrial robot, informal economy, information retrieval, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, job automation, John Markoff, Kiva Systems, knowledge worker, labor-force participation, Law of Accelerating Returns, license plate recognition, low interest rates, low-wage service sector, Lyft, machine readable, machine translation, Mark Zuckerberg, Mitch Kapor, natural language processing, Nick Bostrom, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Ocado, OpenAI, opioid epidemic / opioid crisis, passive income, pattern recognition, Peter Thiel, Phillips curve, post scarcity, public intellectual, Ray Kurzweil, recommendation engine, remote working, RFID, ride hailing / ride sharing, Robert Gordon, Rodney Brooks, Rubik’s Cube, Sam Altman, self-driving car, Silicon Valley, Silicon Valley startup, social distancing, SoftBank, South of Market, San Francisco, special economic zone, speech recognition, stealth mode startup, Stephen Hawking, superintelligent machines, TED Talk, The Future of Employment, The Rise and Fall of American Growth, the scientific method, Turing machine, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, universal basic income, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y Combinator

THE COMING WAVE OF WHITE COLLAR AUTOMATION… AND WHY TEACHING EVERYONE TO CODE IS NOT A SOLUTION The specter of job automation typically conjures up images of industrial robots toiling in factories or warehouses. The conventional wisdom suggests that, while lower-wage, less-educated, blue collar workers face a dire threat from technology, knowledge workers educated with at least a bachelor’s degree—or in other words, anyone whose occupation consists of tasks that are primarily of an intellectual, rather than a manual, nature—remain on relatively safe ground. The reality, however, is that white collar jobs, and in particular those that center on relatively routine analysis, manipulation, extraction or communication of information, are going to be squarely in the sights as artificial intelligence advances and is deployed ever more widely.

As technology begins to encroach on even these more educated and highly paid workers, inequality is likely to become ever more top heavy, with a tiny elite that owns vast amounts of capital pulling away from everyone else. As better-paid workers are increasingly impacted, this will further undermine consumer spending and the potential for robust economic growth. One possible upside, however, is that better-paid knowledge workers wield far more political power than their counterparts who work in factories or low-wage service occupations. As a result, the impact on white collar jobs may actually help to galvanize support for a policy response to technological disruption of the job market. WHICH JOBS ARE SAFEST? Over the past few years, I’ve traveled to nearly every continent and given dozens of presentations on the potential impact of artificial intelligence and robotics on job markets.


pages: 565 words: 151,129

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism by Jeremy Rifkin

3D printing, active measures, additive manufacturing, Airbnb, autonomous vehicles, back-to-the-land, benefit corporation, big-box store, bike sharing, bioinformatics, bitcoin, business logic, business process, Chris Urmson, circular economy, clean tech, clean water, cloud computing, collaborative consumption, collaborative economy, commons-based peer production, Community Supported Agriculture, Computer Numeric Control, computer vision, crowdsourcing, demographic transition, distributed generation, DIY culture, driverless car, Eben Moglen, electricity market, en.wikipedia.org, Frederick Winslow Taylor, Free Software Foundation, Garrett Hardin, general purpose technology, global supply chain, global village, Hacker Conference 1984, Hacker Ethic, industrial robot, informal economy, information security, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invisible hand, Isaac Newton, James Watt: steam engine, job automation, John Elkington, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Julian Assange, Kickstarter, knowledge worker, longitudinal study, low interest rates, machine translation, Mahatma Gandhi, manufacturing employment, Mark Zuckerberg, market design, mass immigration, means of production, meta-analysis, Michael Milken, mirror neurons, natural language processing, new economy, New Urbanism, nuclear winter, Occupy movement, off grid, off-the-grid, oil shale / tar sands, pattern recognition, peer-to-peer, peer-to-peer lending, personalized medicine, phenotype, planetary scale, price discrimination, profit motive, QR code, RAND corporation, randomized controlled trial, Ray Kurzweil, rewilding, RFID, Richard Stallman, risk/return, Robert Solow, Rochdale Principles, Ronald Coase, scientific management, search inside the book, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, smart cities, smart grid, smart meter, social web, software as a service, spectrum auction, Steve Jobs, Stewart Brand, the built environment, the Cathedral and the Bazaar, the long tail, The Nature of the Firm, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Thomas L Friedman, too big to fail, Tragedy of the Commons, transaction costs, urban planning, vertical integration, warehouse automation, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog, Whole Earth Review, WikiLeaks, working poor, Yochai Benkler, zero-sum game, Zipcar

Perlow says that while brick-and-mortar retail will not disappear, in “ten years hence [the] retail footprint will be a shadow of its former self and heavy competition from online will allow only the strongest brick-and-mortar businesses to survive.”32 As in other industries where automation is quickly reducing human labor, virtual retailing is following suit. At best we can say that the future does not look good for the 4.3 million workers in brick-and-mortar retail as we move closer to near zero marginal labor costs and a near workerless world.33 Even Knowledge Workers are Expendable By 2005, the anecdotal evidence of automation replacing workers in the manufacturing and service industries was no longer an object of curiosity. Automation had become pervasive. Everywhere we turned, it seemed, workers had disappeared and we found ourselves surrounded by intelligent-machine surrogates talking to us, listening to us, directing us, advising us, doing business with us, entertaining us, and watching over us.

Using eDiscovery software, Herr found only 60 percent accuracy when attorneys were doing the research, leading him to gripe: “Think about how much money had been spent to be slightly better than a coin toss.”35 Very few professional skills are being spared the long arm of IT and Big Data–crunching by algorithms. Knowledge workers of every stripe and variety—radiologists, accountants, middle managers, graphic designers, and even marketers—are already feeling the heat as pattern-recognition software begins to penetrate every professional field. Mike McCready is the head of a startup company called Music Xray, a firm that uses Big Data and algorithms to identify potential musical hits.

Behrokh, 96–97 Kickstarter, 256 Ki-moon, Ban 285 Koenig, Friedrich, 44 Konrath, Sarah, 280 Kuhn, Thomas, 9 Kümmel, Reiner, 71 Kurzweil, Ray, 84 Lamberth, Laurie, 74–75 Lange, Oskar, 5–7 last worker standing, 121–133 and the end of work, 121–128 even knowledge workers are expendable, 128–133 Latif, Majib, 288 laws of thermodynamics, govern all economic activity, 10–11 Layard, Richard, 277 Leontief, Wassily, 5, 105 Lessig, Lawrence, 175, 177–180, 185, 188 Lewis, James W., 281 Linux, 170, 175–176, 199, 309 live healthier lives, how to, 275 local exchange trading systems (LETS), 259–262 Locke, John, 60–62 Loescher, Peter, 14 The London Independent, 188 Lovelock, James, 184 L3C laws, 265 Luther, Martin, 58–59 Lymphangioleiomyomatosis (LAM), 241–242 Lynch, Mike, 129 Lynn, Mary Scott, 147 Makerbot Industries, 94 Makers Movement, 93–94, 99, 103 manufacture vs. infofacture, 90 marginal cost economy. see near zero marginal cost society Margulis, Lynn, 184 market economy, 4, 61 rise of the 32–38 Martin, Dean, 144 Marx, Karl, 33, 41, 105 massive open online courses (MOOCs), 4, 109–119, 247, 309–310 and the decline of the brick and mortar classroom, 113–119 negatives of, 117–118 the one-room schoolhouse with two billion students, 109–113 and peer-to-peer grading, 115–116 and service learning, 111–113, 264 and teachers as facilitators, 110 see also Coursera; edX; Udacity materialism/materialist(s), 276–279 mercantilist policies, 37 Mestrallet, Gérard, 141 microcurrencies, 259–262 microgrid(s), 103–104, 107, 294–295 microplot(s), 239 micropower plant(s), 69, 101, 102, 146, 267, 294–295 Millennial Generation, 19, 226, 230, 252, 264, 280–283 Mill, John Stuart, 63 Moglen, Eben, 175–176 monopoly or oligopoly, 6–8, 23, 198, 202, 307 and AT&T, 49–51 and effect on capitalism, 3 “natural monopoly,” 8, 50–51, 136–138, 203–204 temporary, 8 Montreuil, Benoit, 219–220 Moore, Gordon, 79–82 Moore’s Law, 79–80, 82, 147, 169 More, Sir Thomas, 31 Morgan Stanley, 54, 292 Mosaic, 146, 256–257 Moss, Frank, 242 music sharing, 232 Music Xray, 130 Myspace, 201 Napster, 170, 232 National Human Genome Research Institute, 169 Resources Defense Council (NRDC), 147 Science Foundation, 96 Telecommunications and Information Administration (NTIA), 149 near zero marginal cost society, 68–151 ascent of the prosumer and the build-out of the smart economy, extreme productivity, the Internet of Things, and free energy, 69–87 getting closer to, 84–87 the last worker standing, 121–133 and marginal cost controversy, 135–138 MOOCs, 109–119 reluctance to come to grips with, 5 3D printing, 89–108 see also paradigm shift from market capitalism to Collaborative Commons network neutrality, 197–198, 203 The New Capitalist Manifesto (Haque), 253 Networked Commons, 119, 151, 173, 190, 194, 202, 212, 221, 222, 229–233, 237–241, 309 Newmark, Craig, 249 The New York Times, 5, 129, 251, 281 Noam, Eli, 151, 194 Northern Renaissance, 36, 300 Noubel, Jean-Francois, 262 Obama, President Barack, 71–72, 128 Occupy Movement, 57 oil cost of, 87, 137–138, 233 crude oil reserves are dwindling, 86–87 and infrastructure, 72 mass production of automobiles, effect on, 52–53 and the Second Industrial Revolution, 47–54 spills, 165, 290 Standard Oil Company, 48–49, 51 see also fossil fuel(s); Hall, Andy online higher education. see massive open online courses (MOOCs) Open Source Initiative (OSI), 176 “optimum general welfare,” 3 Organization for Economic Co-operation and Development (OECD), 21, 277 The Origin of Species (Darwin), 64 Ostrom, Elinor, 158–162, 175, 190 Paine, Thomas, 65 paradigm shift from market capitalism to Collaborative Commons, 1–25 and changing the economic paradigm, 9–11 and the Internet of Things, 11–16 and the rise of the Collaborative Commons, 16–25 Parkifi, 145–146 Patagonia, 263 patent(s), 138, 165–167, 170, 174–177, 180–181, 202 patient-driven research (PDR), 19, 240–247 peer-to-peer social lending, 255–257 Perens, Bruce, 176 Perlow, Jason, 128 Perry, Mark J., 122–123 Personal Genome Project, 180 The Philosophy of Money (Simmel), 259 phone, importance of, 49–51 population, key to stabilization of, 285 poverty, 21, 107–112, 209, 264, 275–278, 283–286 print, and the impact it had on the way we do business, 35–36, 178–179 printing press(es), 33–37, 44–45 privacy, age of, 75–77 property relations, notion of, 30–32 prosumer(s) ascent of the, 135–151 beyond governments and markets, 150–151 and the clean web, 144–147 definition of, 4, 90 and free wi-fi for everyone, 147–149 and power to the people, 138–144 protests to reclaim the public Commons, 187–188 QR code, 127 Quigg, Donald J., 166 rallying around free software, 174–177 Raspberry Pi, 80 Raymond, Eric S., 176–177 RelayRides, 228 rental(s)/renting. see social capital and the sharing economy reputation rankings on the web, 257–259 reviews, consumer-generated, 248–249 Rifkin, Milton, 305–306, 309 rise in collaborative innovation, 21 Rochdale Society of Equitable Pioneers, 212–213 Rockefeller, John D., 48–49 Rose, Carol, 157–158 Rowe, Jonathan 190 Royal Dutch Shell, 49, 54, 142 Ruben, Andy, 237–238 Rural Electric Administration (REA), 209–210 Say, Jean-Baptiste, 3 Say’s Law, 3 scarcity. see abundance Schelgel, Heather, 262 Scherzer, Norman, 243 Schlatter, Richard, 30, 62 Schor, Juliet, 280 Schumacher, E.


pages: 83 words: 26,097

Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely

Affordable Care Act / Obamacare, always be closing, behavioural economics, David Brooks, en.wikipedia.org, IKEA effect, knowledge economy, knowledge worker, science of happiness, Snapchat, TED Talk, The Wealth of Nations by Adam Smith

Sometimes I might be highly motivated to find a particular answer to a question, but the concept I am working on is not the right one. Sometimes I might not be terribly motivated, but I stumble on a good research topic. The challenges with measuring my productivity are not unique to professors; in fact, they are common to most knowledge workers. Your productivity is likely to be as complex, if not more so, than mine to measure. To test the effectiveness of different motivations, we needed to study a work environment in which employee output could be easily and accurately measured and where the tasks were more or less constant. I lucked out when Guy Hochman, then a Duke postdoctoral fellow, introduced me to Liad Bareket, who worked in the HR department at Intel in Israel.


pages: 323 words: 92,135

Running Money by Andy Kessler

Alan Greenspan, Andy Kessler, Apple II, bioinformatics, Bob Noyce, British Empire, business intelligence, buy and hold, buy low sell high, call centre, Charles Babbage, Corn Laws, cotton gin, Douglas Engelbart, Fairchild Semiconductor, family office, flying shuttle, full employment, General Magic , George Gilder, happiness index / gross national happiness, interest rate swap, invisible hand, James Hargreaves, James Watt: steam engine, joint-stock company, joint-stock limited liability company, junk bonds, knowledge worker, Leonard Kleinrock, Long Term Capital Management, mail merge, Marc Andreessen, margin call, market bubble, Mary Meeker, Maui Hawaii, Menlo Park, Metcalfe’s law, Michael Milken, Mitch Kapor, Network effects, packet switching, pattern recognition, pets.com, railway mania, risk tolerance, Robert Metcalfe, Sand Hill Road, Silicon Valley, South China Sea, spinning jenny, Steve Jobs, Steve Wozniak, Suez canal 1869, Toyota Production System, TSMC, UUNET, zero-sum game

“But what do you mean by scale? What did you see back then?” “Two things. I did a scaling study in the ’50s that convinced me that components would keep getting cheaper and there was going to be all the bandwidth you could ever use—” Doug answered. “That was before the integrated circuit,” I interrupted. “So that every knowledge worker was going to be equipped.” Doug Engelbart rightly ignored me and kept talking. “The other scale was human scale—” “You mean, computers easy to use,” I interrupted again. “Well, that’s part of it. Yes, certainly there is scale from getting people to use complex systems, from hiding the complexity from them, so the hurdle is lowered.” 122 Running Money “That’s the human scale.”

See intellectual property IPOs, 3, 60, 97, 212–16, 248, 293 iron industry, 52–53, 55–57, 59, 125 IRR (internal rate of return), 170–71 Island, 207, 288 Janus, 229 Japan, 134, 175, 204, 257, 259–60, 261 consumer economy and, 68 economic output of, 234 U.S. debt and, 257 yen crisis, 162–65, 168, 292 Japanese Fair Trade Commission, 160 Java (programming language), 151 J-curve, 264–66 JetBlue, 292 job market, 241–45, 246, 261 305 Jobs, Steve, 118, 119, 121, 128 Johns-Manville, 236 Johnson & Johnson, 236 joint-stock companies, 92–93 Jones, Alfred Winslow, 10 JP Morgan, 11, 49, 144, 209 junk bonds, 11 Kapor, Mitch, 121 Karlgaard, Rich, 195 Kay, John, 64 Kaye, William, 9–13, 48, 153 Kessler, Kurt, 245 Kessler, Nancy, 117–18, 193, 194–95, 288 Kilby, Jack, 101 Kittler, Fred, 1–4, 6, 14–17, 29–31, 33–36, 47, 49, 60–62, 73–76, 81–82, 91, 96, 97, 104, 106–7, 138–43, 164, 167, 169, 172, 175, 203, 205, 206, 209–16, 219, 223–26, 246, 288, 295, 296 hedge fund partnership, 144, 151–52 Kleiner Perkins, 195, 197 Kleinrock, Leonard, 183, 184–86, 191 knowledge workers, 121–23 Korea, 1, 3, 134, 208, 234, 259–60 Kotick, Bobby, 50 Kramlich, Dick, 144, 194, 195, 197 labor costs. See outsourcing LANs. See local area networks laptops, 155, 259, 277 Lardner, Dionysius, 93 Larscom, 97 Larson, Bill, 18, 19 laser diode drivers, 81, 84 layer 4–7 switching, 140 306 LCDs, 2, 3, 155, 156–57 Lehman Brothers, 44 Lerner, Sandy, 191 Lewis, Michael, 25 Liar’s Poker (Lewis), 25 Liberate, 176, 177 limited liability corporations, 57 Lincoln Lab (MIT), 187 Linux operating system, 247 liquid crystal displays, 155, 156–57 literacy, 122 local area networks, 187, 188, 189–91, 197, 199 locomotives, 92–93 Logitech, 259 London Metal Exchange, 94 Long Term Capital Management, 11, 163, 166–69 looms, 64–65, 66 Lotus, 200 Lotus 1–2–3 spreadsheet, 66 Lotus Notes, 200 Lovitz, Jon, 262 LSI Logic, 130, 141 Lucent, 290 Lusitania (ocean liner), 95 Lynch, Peter, 27–28 Macromedia, 97 Malaysia, 1, 132, 175, 199, 252, 270, 281 management, 106–7 manufacturing capital investment in, 90–91 design vs., 99–100, 234, 268 intellectual property separated from, 128, 130–35, 136, 234–35, 238, 251, 271 inventions and, 55–56, 58, 89, 125–26, 272 Index job market and, 241–45, 246, 261 outsourced low costs of, 133–35, 175, 251, 258–59 second derivatives, 26–28, 72, 77, 226 See also industrial economy; Industrial Revolution margin surplus, 234, 259, 260, 262–63, 266, 270, 295 importance of, 275, 277, 279, 280–83 PC’s effect on, 258 MAR/Hedge, 169 market demand, 78 components of, 57–59 Marks, Art, 144 Matsushita, 134 Mauretania (ocean liner), 95 Mayfield, 194 MCI, 61, 62, 72 Mead, Carver, 183 Meeker, Mary, 228 memory chips, 124, 126, 127, 154–55, 156 Metcalfe, Bob, 183, 188–91, 202, 290 Metcalfe’s Law, 190, 226 Mexican debt crisis, 164 Michelson, Albert, 190 microchips, 11, 46–47, 102–3, 129–35, 154–55 company sales, 208 development of, 124–28 outsourced manufacture of, 130–35, 199, 252–55, 259 production costs, 141 See also microprocessors Microma, 127–28 Micron Technology, 19–21, 154 Index microprocessors, 101, 123–28 demand for faster, 66 significance of, 125, 183 Microsoft, 61, 69, 97, 128, 142, 194, 207, 260, 270 browser, 199–201 company value, 274 innovative process of, 278 tie-ins by, 197 as top market cap company, 111 See also Windows Microstrategy, 177 Microsystems, 44 Milken, Michael, 11 Miller, George, 223 mining industry, 53, 57–59 MIT, 184, 185, 187 MMC (chip company), 208 momentum funds, 207 Mondale, Walter, 187 Monetary Conference, 264–65 monster markets, 45, 46, 67, 248, 279, 295 Montgomery Securities Hedge Fund conference, 29–33 Moore, Gordon, 103, 124, 128 Moore, Nick, 18–21, 72, 162, 175–81, 188, 208, 217–19, 228–29, 293, 296 Moore’s Law, 103, 124 Morgan Stanley, 11, 24–25, 39–40, 45, 131, 153, 160, 224, 251 Morgan Stanley Tech Conference (2001), 228–29 Morgan Stanley Tokyo, 154 Morley, Edward, 190 Morse Chain, 110 Mosaic Communications, 193, 195, 196–97 Mostek, 127 Motorola, 11, 127 307 mouse inventor of, 118, 119 outsourced manufacture of, 259 MP3.com, 212–16, 226, 248, 293 MP3 files, 206 Mueller, Glenn, 194, 195, 197–98 Mueller, Nancy, 198 music downloading, 202, 205–8, 247 copyright violation, 293 domain rights, 212–16, 226, 248 piracy, 206–7, 263 See also Napster music software, 146–49 mutual funds, 290 nanotechnology, 296 Napoleonic Wars, 25, 271 Napster, 190, 202, 203, 205–7, 213, 248, 263 NASA, 101, 184 NASA/Ames, 187 NASDAQ, 223, 224, 225, 288 Nash, Jack, 14–17, 24, 29, 105, 278 National Center for Supercomputing Applications, 197 NCP, 185 Nelson, Ted, 118 NetApp.


pages: 389 words: 87,758

No Ordinary Disruption: The Four Global Forces Breaking All the Trends by Richard Dobbs, James Manyika

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, access to a mobile phone, additive manufacturing, Airbnb, Amazon Mechanical Turk, American Society of Civil Engineers: Report Card, asset light, autonomous vehicles, Bakken shale, barriers to entry, business cycle, business intelligence, carbon tax, Carmen Reinhart, central bank independence, circular economy, cloud computing, corporate governance, creative destruction, crowdsourcing, data science, demographic dividend, deskilling, digital capitalism, disintermediation, disruptive innovation, distributed generation, driverless car, Erik Brynjolfsson, financial innovation, first square of the chessboard, first square of the chessboard / second half of the chessboard, Gini coefficient, global supply chain, global village, high-speed rail, hydraulic fracturing, illegal immigration, income inequality, index fund, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, inventory management, job automation, Just-in-time delivery, Kenneth Rogoff, Kickstarter, knowledge worker, labor-force participation, low interest rates, low skilled workers, Lyft, M-Pesa, machine readable, mass immigration, megacity, megaproject, mobile money, Mohammed Bouazizi, Network effects, new economy, New Urbanism, ocean acidification, oil shale / tar sands, oil shock, old age dependency ratio, openstreetmap, peer-to-peer lending, pension reform, pension time bomb, private sector deleveraging, purchasing power parity, quantitative easing, recommendation engine, Report Card for America’s Infrastructure, RFID, ride hailing / ride sharing, Salesforce, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart cities, Snapchat, sovereign wealth fund, spinning jenny, stem cell, Steve Jobs, subscription business, supply-chain management, synthetic biology, TaskRabbit, The Great Moderation, trade route, transaction costs, Travis Kalanick, uber lyft, urban sprawl, Watson beat the top human players on Jeopardy!, working-age population, Zipcar

Between 1980 and 2010, 1.1 billion adults entered the twenty- to sixty-four-year-old age bracket and joined the world’s labor force.25 But due to a host of demographic factors, global labor force growth will fall by nearly one-third by 2030.26 At the same time, technology is roiling labor markets as never before. Computers, which historically replaced manual and clerical workers, such as stenographers and bank tellers, are now beginning to replace knowledge and skilled workers, like journalists and stock analysts. By 2025, in fact, computers could do the work of 140 million knowledge workers, and robots could do the work of another 75 million people.27 And yet there will still be high demand for skilled positions in engineering, software development, and health care. Four out of ten respondents in a McKinsey survey reported that they currently couldn’t find the talent they need.

For example, as part of a financial inclusion program, introduction of technology allowed twenty thousand less-skilled workers in southern India to work as rural banking agents, processing payments with smart cards, cell phones, and kiosks. Using technology to improve the productivity of professional and managerial work has traditionally not received as much attention as it has for more labor-intensive occupations. Research, however, is showing that organizations could realize improvements in knowledge-worker productivity by about 20 percent.19 Using social platforms as a primary way to communicate and collaborate would vastly reduce the time it takes to write and answer e-mails, eliminate lengthy searches for internal knowledge and expertise, and reduce other tasks that consume the equivalent of a day’s work per week.


pages: 336 words: 88,320

Being Geek: The Software Developer's Career Handbook by Michael Lopp

do what you love, finite state, game design, job satisfaction, John Gruber, knowledge worker, reality distortion field, remote working, rolodex, Silicon Valley, Silicon Valley startup, Skype, sorting algorithm, systems thinking, web application

On Experience In order to appreciate this chapter, you need to make a leap—you need to believe that your boss's experience is valuable. You need to believe and accept that the fact he's been doing this 10 years longer than you means his opinion is more informed. His decisions are based on something more than gut feel and delusions of grandeur. We're knowledge workers, which is an awkwardly lame way of stating that we don't actually build physical things with our hands. We build nonphysical things with our minds. We create interesting arrangements of ones and zeros in the confines of our caves, coalescing our ideas into things that are, hopefully, useful enough that someone else is willing to pay for them.

judgment, as source of the Nerves, The Nerves K keyboard support, My Tools Are Designed to Remove Repetitive Motion Keynote software, The Unforgivable Mistake knowledge, Delivery, The Gaps, The Gaps Alpha Knowledge team members, The Gaps as fundamental unit of growth, Delivery knowledge workers, On Experience L language, Apprenticeship, You Will Be a Multilingual Translator, You Will Be a Multilingual Translator in company groups, You Will Be a Multilingual Translator industry, Apprenticeship lawyers, calls from, The Itch leadership, People Lie, Some Are Evil, Others Just Want to Screw You, Circle of Comfort, Context Switcher, Context Switcher, Knowledge and Ability: "Alpha Knowledge" as composure under stress, Context Switcher evolution of roles, People Lie, Some Are Evil, Others Just Want to Screw You Maestro team members, Knowledge and Ability: "Alpha Knowledge" role of, Circle of Comfort listening, Bridge, Bridge, You Go to a Lot of Meetings detecting company culture, Bridge management responsibility for, You Go to a Lot of Meetings lists, The Taste of the Day, The Taste of the Day, The Trickle List taste of the day, The Taste of the Day Trickle List, The Trickle List lying, as skill, People Lie, Some Are Evil, Others Just Want to Screw You lynchpin departure, Why are they letting them go?


Making It All Work: Winning at the Game of Work and the Business of Life by David Allen

Abraham Maslow, cognitive dissonance, index card, Kickstarter, knowledge worker, shareholder value, Skype, telemarketer

Companies have consequently tried to institute such policies as “no-e-mail Fridays” and “quiet hours” not only to curb the inefficiencies that result from the psychic noise, but also to give sufficient breathing room for the reflective, creative process that some are savvy enough to recognize as strategically important for their knowledge workers. Most of the studies of these issues and proposed remedies center on the external environment—too much e-mail, too many interruptions, too much or too little communication, too much change too fast, and so on. Solutions that focus only on decreasing the volume or speed of input will be temporary at best and artificially constricting and numbing at worst.

If so, you are in an ideal position to take advantage of the models I will be sharing with you here. Making It All Work will give you a road map for life. Or for throwing your kid a birthday party. Or for arranging your home office. Or for hiring a VP of marketing. It will provide whatever you might need to get more in control or more appropriately focused. Feeling lost is a consistent knowledge-worker phenomenon. When you have to think and constantly rethink precisely to know what to do, given the slippery changing nature of work today, it is incredibly easy to lose your way. Ever find yourself wrapped around an unexpected e-mail for forty-five minutes and then wonder what happened, and what the heck to do now about all the other stuff you thought you needed to tackle, whose status has now changed, but you’re not sure exactly how to go about doing so?


pages: 339 words: 88,732

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson, Andrew McAfee

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, access to a mobile phone, additive manufacturing, Airbnb, Alan Greenspan, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, American Society of Civil Engineers: Report Card, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, barriers to entry, basic income, Baxter: Rethink Robotics, Boston Dynamics, British Empire, business cycle, business intelligence, business process, call centre, carbon tax, Charles Lindbergh, Chuck Templeton: OpenTable:, clean water, combinatorial explosion, computer age, computer vision, congestion charging, congestion pricing, corporate governance, cotton gin, creative destruction, crowdsourcing, data science, David Ricardo: comparative advantage, digital map, driverless car, employer provided health coverage, en.wikipedia.org, Erik Brynjolfsson, factory automation, Fairchild Semiconductor, falling living standards, Filter Bubble, first square of the chessboard / second half of the chessboard, Frank Levy and Richard Murnane: The New Division of Labor, Freestyle chess, full employment, G4S, game design, general purpose technology, global village, GPS: selective availability, Hans Moravec, happiness index / gross national happiness, illegal immigration, immigration reform, income inequality, income per capita, indoor plumbing, industrial robot, informal economy, intangible asset, inventory management, James Watt: steam engine, Jeff Bezos, Jevons paradox, jimmy wales, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kevin Kelly, Khan Academy, Kiva Systems, knowledge worker, Kodak vs Instagram, law of one price, low skilled workers, Lyft, Mahatma Gandhi, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mars Rover, mass immigration, means of production, Narrative Science, Nate Silver, natural language processing, Network effects, new economy, New Urbanism, Nicholas Carr, Occupy movement, oil shale / tar sands, oil shock, One Laptop per Child (OLPC), pattern recognition, Paul Samuelson, payday loans, post-work, power law, price stability, Productivity paradox, profit maximization, Ralph Nader, Ray Kurzweil, recommendation engine, Report Card for America’s Infrastructure, Robert Gordon, Robert Solow, Rodney Brooks, Ronald Reagan, search costs, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Simon Kuznets, six sigma, Skype, software patent, sovereign wealth fund, speech recognition, statistical model, Steve Jobs, Steven Pinker, Stuxnet, supply-chain management, TaskRabbit, technological singularity, telepresence, The Bell Curve by Richard Herrnstein and Charles Murray, the Cathedral and the Bazaar, the long tail, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, total factor productivity, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Vernor Vinge, warehouse robotics, Watson beat the top human players on Jeopardy!, winner-take-all economy, Y2K

Responding correctly to clues like these requires mastery of pattern matching and complex communication. And winning at Jeopardy! requires doing both things repeatedly, accurately, and almost instantaneously. During the 2011 shows, Watson competed against Ken Jennings and Brad Rutter, two of the best knowledge workers in this esoteric industry. Jennings won Jeopardy! a record seventy-four times in a row in 2004, taking home more than $3,170,000 in prize money and becoming something of a folk hero along the way.17 In fact, Jennings is sometimes given credit for the existence of Watson.18 According to one story circulating within IBM, Charles Lickel, a research manager at the company interested in pushing the frontiers of artificial intelligence, was having dinner in a steakhouse in Fishkill, New York, one night in the fall of 2004.

He was a Montessori kid for the earliest years of his schooling, and agrees completely with Larry Page that “part of that training [was] not following rules and orders, and being self-motivated, questioning what’s going on in the world, doing things a little bit differently.”12 Our recommendations about how people can remain valuable knowledge workers in the new machine age are straightforward: work to improve the skills of ideation, large-frame pattern recognition, and complex communication instead of just the three Rs. And whenever possible, take advantage of self-organizing learning environments, which have a track record of developing these skills in people.


pages: 552 words: 168,518

MacroWikinomics: Rebooting Business and the World by Don Tapscott, Anthony D. Williams

"World Economic Forum" Davos, accounting loophole / creative accounting, airport security, Andrew Keen, augmented reality, Ayatollah Khomeini, barriers to entry, Ben Horowitz, bioinformatics, blood diamond, Bretton Woods, business climate, business process, buy and hold, car-free, carbon footprint, carbon tax, Charles Lindbergh, citizen journalism, Clayton Christensen, clean water, Climategate, Climatic Research Unit, cloud computing, collaborative editing, collapse of Lehman Brothers, collateralized debt obligation, colonial rule, commoditize, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, death of newspapers, demographic transition, digital capitalism, digital divide, disruptive innovation, distributed generation, do well by doing good, don't be evil, en.wikipedia.org, energy security, energy transition, Evgeny Morozov, Exxon Valdez, failed state, fault tolerance, financial innovation, Galaxy Zoo, game design, global village, Google Earth, Hans Rosling, hive mind, Home mortgage interest deduction, information asymmetry, interchangeable parts, Internet of things, invention of movable type, Isaac Newton, James Watt: steam engine, Jaron Lanier, jimmy wales, Joseph Schumpeter, Julian Assange, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, machine readable, Marc Andreessen, Marshall McLuhan, mass immigration, medical bankruptcy, megacity, military-industrial complex, mortgage tax deduction, Netflix Prize, new economy, Nicholas Carr, ocean acidification, off-the-grid, oil shock, old-boy network, online collectivism, open borders, open economy, pattern recognition, peer-to-peer lending, personalized medicine, radical decentralization, Ray Kurzweil, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, scientific mainstream, shareholder value, Silicon Valley, Skype, smart grid, smart meter, social graph, social web, software patent, Steve Jobs, synthetic biology, systems thinking, text mining, the long tail, the scientific method, The Wisdom of Crowds, transaction costs, transfer pricing, University of East Anglia, urban sprawl, value at risk, WikiLeaks, X Prize, Yochai Benkler, young professional, Zipcar

Billions of people can play active roles in their workplaces, communities, national democracies, and in global forums and institutions, too. At the same time, the new world of wikinomics gives organizations an opportunity to tap into new sources of insight and value. Closed, hierarchical corporations that once innovated in secret can now tap, and contribute to, a much larger global talent pool—one that opens up the world of knowledge workers to every organization seeking a uniquely qualified mind to solve their problem. Scientists can accelerate research by open sourcing their data and methods to offer every budding and experienced researcher in the world an opportunity to participate in the discovery process. Doctors can collaborate with self-organizing patient communities where people with similar medical conditions share insights, provide mutual support, and contribute to medical research.

But what counts more is your capacity to learn lifelong, to think, research, find information, analyze, synthesize, contextualize, and critically evaluate; to apply research to solving problems; to collaborate and communicate. This is particularly important for students and employers who compete in a global economy. Labor markets are now global and given networked business models, knowledge workers face competition in real time. Workers and managers must learn, adapt, and perform like never before. The answer for educational establishments is not simply to expand distance learning offerings—though this would help. Nor is it about students being able to access lectures by some of the world’s leading professors from free online sites like Academic Earth—though this practice has proven popular and useful with both professors and students.

Next-generation faculty will create a context whereby students from around the world can participate in online discussions, forums, and wikis to discover, learn, and produce knowledge as a community of learners who are engaged directly in addressing some of the world’s most pressing problems. Of course, such open platforms could provide a means to address the needs of all learners, not just twenty-somethings. For today’s knowledge workers, remaining truly competitive in fast-moving fields of research and innovation means constant retraining and retooling to begin and/or continue their working lives in a modern, dynamic, and technology-focused environment. The cost of building new continuing education programs from scratch could be prohibitively high, but new models of collaborative education can help bring greater efficiency and creativity to the efforts to help graduating students and aging employees update their skills.23 Indeed, why not allow companies and governments to participate in this global network for higher learning too?


pages: 626 words: 167,836

The Technology Trap: Capital, Labor, and Power in the Age of Automation by Carl Benedikt Frey

3D printing, AlphaGo, Alvin Toffler, autonomous vehicles, basic income, Bernie Sanders, Branko Milanovic, British Empire, business cycle, business process, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, Charles Babbage, Clayton Christensen, collective bargaining, computer age, computer vision, Corn Laws, Cornelius Vanderbilt, creative destruction, data science, David Graeber, David Ricardo: comparative advantage, deep learning, DeepMind, deindustrialization, demographic transition, desegregation, deskilling, Donald Trump, driverless car, easy for humans, difficult for computers, Edward Glaeser, Elon Musk, Erik Brynjolfsson, everywhere but in the productivity statistics, factory automation, Fairchild Semiconductor, falling living standards, first square of the chessboard / second half of the chessboard, Ford Model T, Ford paid five dollars a day, Frank Levy and Richard Murnane: The New Division of Labor, full employment, future of work, game design, general purpose technology, Gini coefficient, Great Leap Forward, Hans Moravec, high-speed rail, Hyperloop, income inequality, income per capita, independent contractor, industrial cluster, industrial robot, intangible asset, interchangeable parts, Internet of things, invention of agriculture, invention of movable type, invention of the steam engine, invention of the wheel, Isaac Newton, James Hargreaves, James Watt: steam engine, Jeremy Corbyn, job automation, job satisfaction, job-hopping, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kickstarter, Kiva Systems, knowledge economy, knowledge worker, labor-force participation, labour mobility, Lewis Mumford, Loebner Prize, low skilled workers, machine translation, Malcom McLean invented shipping containers, manufacturing employment, mass immigration, means of production, Menlo Park, minimum wage unemployment, natural language processing, new economy, New Urbanism, Nick Bostrom, Norbert Wiener, nowcasting, oil shock, On the Economy of Machinery and Manufactures, OpenAI, opioid epidemic / opioid crisis, Pareto efficiency, pattern recognition, pink-collar, Productivity paradox, profit maximization, Renaissance Technologies, rent-seeking, rising living standards, Robert Gordon, Robert Solow, robot derives from the Czech word robota Czech, meaning slave, safety bicycle, Second Machine Age, secular stagnation, self-driving car, seminal paper, Silicon Valley, Simon Kuznets, social intelligence, sparse data, speech recognition, spinning jenny, Stephen Hawking, tacit knowledge, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Malthus, total factor productivity, trade route, Triangle Shirtwaist Factory, Turing test, union organizing, universal basic income, warehouse automation, washing machines reduced drudgery, wealth creators, women in the workforce, working poor, zero-sum game

When Robert Reich surveyed the transformation of the labor market in his classic 1991 book, The Work of Nations, he found that work could be divided into three broad categories. A new class of what he called “symbolic analysts” had emerged, who were reaping the benefits of the new economy.21 Among these analysts, we find managers, engineers, attorneys, scientists, journalists, consultants, and other knowledge workers. In the age of computers, they had all become more productive analysts. Besides symbol-analytic services, Reich reckoned, there are also routine jobs and in-person services. As noted above, routine jobs have gradually been taken over by computers. But in-person service jobs have become more plentiful.

Lin, 2011, “Technological Adaptation, Cities, and New Work,” Review of Economics and Statistics 93 (2): 554–74. Note: These figures show the percentage share of each city’s workers that were employed in jobs that did not exist by the beginning of each respective decade against the initial share of “knowledge workers” in occupations that involve abstract tasks across 321 American cities. The location decisions of technology companies, which are at the forefront of digital technology, provide the best evidence of the value of in-person communication: “The fact that Silicon Valley is now the quintessential example of industrial agglomeration suggests that the most cutting-edge technology encourages, rather than eliminates, the need for geographic proximity.”34 The past two decades have supported that view, as geographic clusters like Silicon Valley remain strong, despite the abundance of long-range electronic communication tools.

., 183 Kettering, Charles, 166 Keynes, John Maynard, 332, 334 King, Gregory, 68 knowledge work, 235, 259 Komlos, John, 115 Korea, ascent of, 289 Korean War, 180 Krugman, Paul, 12 Kuznets, Simon, 5, 206–7 Kuznets curve, 207, 212 labor, division of, 228 labor multiplier, 347 Labor Party, rise of, 268 labor productivity, gap between worker compensation and, 244 labor unions, 212; bargaining power of, 201, 277; legalization in Britain, 190 laissez-faire regime, 25, 267 lamplighters, 1–2 Lancashire riots of 1779, 90 landed aristocracy, 83 Landes, David, 9, 112, 118, 134, 343 Land-Grant College Act of 1862, 364 Latin Church, oppression of science by, 79 laundress, vanishing of, 27, 160 Lee, William, 10, 54 Lefebvre des Noëttes, Richard, 43 Leonardo da Vinci, 38, 51, 73 Leontief, Wassily, 20, 338, 343 Levy, Frank, 237, 302, 323 liberal democracy, components of, 267 Lindert, Peter, 61, 68, 114, 207, 211, 269, 271 literacy, demand for, 76 Liverpool-Manchester Railway, 109 lobbying, corporate spending on, 275 Locke, John, 83 Lombe, John, 52, 99–100 Lombe, Thomas, 6, 100 London Steam Carriage, 109 longshoremen, vanishing of, 172 Louis XIV of France, King, 84 Luddites, 9, 18, 125–31, 341; imprisoned, 20; new, 286–92; riots, 89, 92; uprisings, 265 machinery question, 116, 174–88; adjustment problems, 177; automation, employment effects of, 180; computers, automation anxiety concerning, 183; elevator operators, 181–82; musicians, displaced, 177–78 machinery riots, 9, 265, 289; absence of (America), 190; Britain, 90 Maddison, Angus, 66 Magellan, Ferdinand, 51, 67 majority-rule voting system, 270 Malthus, Thomas Robert, 4, 64, 73, 316, 345 Malthusian logic, 345 Malthusian trap, escape of, 65 Manhattan Project, 74 Manpower Training and Development Act (MDTA), 353 Mantoux, Paul, 97, 101, 126 Manufacture des Gobelins, 84 Manufacture Royale de Glaces de Miroirs, 84 manufacturing: blue-collar jobs, disappearance of, 251, 254; American system of manufacturing, pioneers of, 149; factory electrification, 151–55; interchangeable parts, concept of, 149 Margo, Robert, 135, 145 markets, integration of, 86 Marx, Karl, 26, 47, 98, 239, 364 Massey, Douglas, 256 Massive Open Online Courses (MOOCs), 354 mass production, 147–73; American system of manufacturing, pioneers of, 149; containerization, 171–72; direct drive, 153; factory electrification, 151–55; horseless age, 164; household revolution, 156; industries, 18; installment credit, 159, 167; interchangeable parts, concept of, 149; Model T, 167; unit drive, 153 Maurice of Nassau, Prince of Orange, 59 Maybach, Wilhelm, 166 McAfee, Andrew, 303, 339 McCloskey, Deirdre, 70 McCormick, Cyrus, 149, 168 McLean, Malcom, 171 mechanics, Galileo’s theory of, 53 mechanization, age of automation vs. age of, 227 median voter theories, 270 medieval Christianity, 78 mercantilism, flawed doctrine of, 83 Mesopotamia, 35 metals, discovery and exploitation of, 35 Michigan Antitrust Reform Act of 1985, 359 Microsoft, 306 Middle Ages: agricultural technology in, 42; feudal order of, 57; onset of, 41; technical advances of, 50; traditional crafts of, 68 middle class, descent of, 223–25; artificial intelligence, 228; automation, adverse consequences of, 240; cognitive divide, 238–43; computer-controlled machines, jobs eliminated by, 228; computers, 228–38; corporate profits, 244; division of labor between human and machine, 228; earnings gap, 230; Engels’ pause, return of, 243–48; golden postwar years, 239; Great Recession, 244; high school graduates, employment opportunities for, 237; industrial organization, fundamental principle of, 229; in-person service jobs, 235; knowledge workers, 235; labor productivity, gap between worker compensation and, 244; mechanization, age of automation vs. age of, 227; multipurpose robots, 242; rule-based logic, 228; Second Industrial Revolution, elimination of jobs created for machine operators during, 228; “symbolic analysts,” 235 middle class, triumph of, 218–222; agriculture, mechanization of, 189; automotive industry, 202; baby boom, 221; blue-collar Americans, unprecedented wages of, 220; child labor, as opportunity cost to education, 214; collective bargaining, 192; corporate giants, 208; corporate paternalism, 200; education and technology, race between, 216; end of drudgery, 193–98; Engels’ pause, 219; factory electrification, 190, 195; farming jobs, decline of, 197, 203; Great Depression, 211; “great exception” in American political history, 200; Great Migration, 205; hazardous jobs, end of, 195, 198; high school movement (1910–40), 214; Jeffersonian individualism, 200; Kuznets curve, 207, 212; labor unions, 201, 212; leveling of American wages, 211; machinery riots, absence of, 190; middle class, emergence of, 192, 292; national minimum wage, introduction of, 211; new consumer goods, Americans’ growing appetite for, 203; New Deal, 200, 212; public schooling, 214; Second Industrial Revolution, 209, 217; skill-biased technological change, 213; tractor use, expansion of, 196; urban-rural wage gap, 209; Wall Street, depression suffered by, 211; welfare capitalism, 198, 200; welfare state, rise of, 221; white-collar employment, 197, 218 Middle East, 77 Milanovic, Branko, 217, 245 mining, 194, 197 Minoan civilization, 34 mobile robotics, 342 mobility, demands for, 348 mobility vouchers, 360 Model T, 167 modern medicine, rise of, 22 Mokyr, Joel, 19, 52, 76–77, 79 Moore’s Law, 107, 301, 304 Moravec’s paradox, 236 Moretti, Enrico, 258, 262–63, 360 Morgan, J.


pages: 735 words: 165,375

The Survival of the City: Human Flourishing in an Age of Isolation by Edward Glaeser, David Cutler

Affordable Care Act / Obamacare, agricultural Revolution, Alvin Toffler, Andrei Shleifer, autonomous vehicles, basic income, Big bang: deregulation of the City of London, Big Tech, Black Lives Matter, British Empire, business cycle, buttonwood tree, call centre, carbon footprint, Cass Sunstein, classic study, clean water, collective bargaining, Columbian Exchange, contact tracing, Corn Laws, Cornelius Vanderbilt, coronavirus, COVID-19, crack epidemic, defund the police, deindustrialization, Deng Xiaoping, desegregation, discovery of penicillin, Donald Trump, Edward Glaeser, Elisha Otis, Fellow of the Royal Society, flying shuttle, future of work, Future Shock, gentrification, George Floyd, germ theory of disease, global pandemic, global village, hiring and firing, Home mortgage interest deduction, Honoré de Balzac, income inequality, industrial cluster, James Hargreaves, Jane Jacobs, Jevons paradox, job automation, jobless men, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Snow's cholera map, knowledge worker, lockdown, Louis Pasteur, Mahatma Gandhi, manufacturing employment, mass incarceration, Maui Hawaii, means of production, megacity, meta-analysis, new economy, New Urbanism, Occupy movement, opioid epidemic / opioid crisis, out of africa, place-making, precautionary principle, RAND corporation, randomized controlled trial, remote working, Richard Florida, Salesforce, Saturday Night Live, Silicon Valley, Skype, smart cities, social distancing, Socratic dialogue, spinning jenny, superstar cities, Tax Reform Act of 1986, tech baron, TED Talk, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, TikTok, trade route, union organizing, universal basic income, Upton Sinclair, urban planning, working poor, Works Progress Administration, zero-sum game, zoonotic diseases

Both the Bureau of Labor Statistics and the Gallup figures, but not the census figure, suggest that over one fifth of Americans worked from home pre-COVID, but that did not turn commercial skyscrapers into “ghostly warehouses” or alter “our entire economy, our cities, our ecology, our family structure, our values and even our politics beyond our recognition,” as Toffler forecast. Why didn’t information technology do to urban knowledge workers what container ships did to urban seamstresses? And why did the telecommuting that did occur alter society so much less than Toffler predicted? The answer to the second question is a failure to account for the continuing growth in the size of the labor force. Between 1980 and February 2020, the total number of employed Americans increased by 68 percent, from 90 million to 152 million.

Presumably, neophytes are more likely to learn how to handle these difficult situations if they sit near experienced coworkers who are talking an irate client through a complaint. These factors shouldn’t prevent more part-time working from home. Indeed, we are quite confident that many of the world’s knowledge workers will do more Zooming in the future. However, unlike Toffler, we see such changes as more marginal than revolutionary, and unlikely either to solve our traffic problems or lead to empty office towers. To examine the heterogeneous impact of remote working across industries, one of us (Glaeser) was part of a team that analyzed two surveys taken at the height of the pandemic.

As parents, we were grateful that our children still seemed to be learning. But the joy was gone. The fun of just running into friends and laughing had largely disappeared. As the world becomes wealthier, work will continue to become more about enjoyment and less about a paycheck. Already, the lucky knowledge workers who were capable of working remotely are rarely engaged in drudgery. Before COVID-19 struck, firms were competing to attract talent by building workplaces that were pleasant as well as productive. They will do so again, even if the technology exists to just dial it in. Urban Futures in the Balance The urban edge in enabling interaction seems to ensure the future of urban office space, but it provides no such guarantee for any individual city.


pages: 693 words: 169,849

The Aristocracy of Talent: How Meritocracy Made the Modern World by Adrian Wooldridge

"World Economic Forum" Davos, Ada Lovelace, affirmative action, Alan Greenspan, Albert Einstein, assortative mating, barriers to entry, Bernie Sanders, Black Lives Matter, Bletchley Park, borderless world, Boris Johnson, Brexit referendum, business intelligence, central bank independence, circulation of elites, Clayton Christensen, cognitive bias, Corn Laws, coronavirus, corporate governance, correlation coefficient, COVID-19, creative destruction, critical race theory, David Brooks, Dominic Cummings, Donald Trump, Double Irish / Dutch Sandwich, Etonian, European colonialism, fake news, feminist movement, George Floyd, George Gilder, Gini coefficient, glass ceiling, helicopter parent, Home mortgage interest deduction, income inequality, intangible asset, invention of gunpowder, invention of the printing press, Isaac Newton, Jeff Bezos, Jeremy Corbyn, Jim Simons, joint-stock company, Joseph Schumpeter, knowledge economy, knowledge worker, land tenure, London Interbank Offered Rate, Long Term Capital Management, Louis Pasteur, Mahatma Gandhi, Mark Zuckerberg, means of production, meritocracy, meta-analysis, microaggression, mortgage tax deduction, Myron Scholes, offshore financial centre, opioid epidemic / opioid crisis, Panopticon Jeremy Bentham, Peter Thiel, plutocrats, post-industrial society, post-oil, pre–internet, public intellectual, publish or perish, Ralph Waldo Emerson, RAND corporation, rent-seeking, Richard Florida, Ronald Reagan, scientific management, sexual politics, shareholder value, Sheryl Sandberg, Silicon Valley, spinning jenny, Steve Bannon, Steven Pinker, supply-chain management, surveillance capitalism, tech bro, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, Thorstein Veblen, three-martini lunch, Tim Cook: Apple, transfer pricing, Tyler Cowen, unit 8200, upwardly mobile, Vilfredo Pareto, W. E. B. Du Bois, wealth creators, women in the workforce

Hereditary rule was based on bloodlines and military prowess at a time when the world demanded scientific knowledge and technical skills. The new society would flourish if people were given jobs based on their natural abilities, which varied enormously, and professional qualifications, which were acquired by prolonged study. Instead of idealizing philosophers, like earlier intellectuals, Saint-Simon worshipped ‘knowledge workers’, the new class of scientists, managers and bankers who were driving commercial society. Though there is a Marxian element to this, particularly when it comes to the tension between class structure and productive forces, Saint-Simon saw more deeply than Marx. He realized that modern society would continue to be hierarchical but would be hierarchical in a different way from feudal society.

The political parties are ceasing to be mass-membership organizations and instead becoming professional bodies dominated by graduates (the Labour Party increased its membership to 500,000 under Corbyn, but this is still a fraction of what it was in the 1950s). Most NGOs are now run by professionals rather than by volunteers. Graduates are more likely than non-graduates to engage in political activities such as signing petitions or calling for boycotts. Even the bastions of the working class, the trade unions, are being colonized by knowledge workers: in Britain, the average trade unionist is a woman in her sixties with a higher qualification. This has important consequences for the political agenda: the 70 per cent who didn’t go to university have different priorities from the 30 per cent who did. They are much more preoccupied by questions such as crime (which deserves stiff punishment), immigration (which needs to be curbed) and welfare scrounging (which must be stopped), and much less by the travails of refugees.15 The populist revolution is, at its simplest, an appeal for attention: poorer people are grabbing the meritocrats by the lapels and saying, ‘Listen to me: I’ve got something to say as well.’16 A second problem is condescension.

P. 235 Taylor, Harriet 21, 264 Taylor, John 30 tech industry, meritocracy in 2, 3 technology, new rich and 307 TED (technology, entertainment, design) conferences 13, 307 telegraph 271–2 temperance movement 267 Temple, Frederick 158 Terman, Frederick 223 Terman, Lewis 213, 280 Genetic Studies of Genius 221, 222–3 identification of geniuses 221–3 intelligence tests 209, 213, 214, 220–23 tests standardized 372, 377–8, 381–2 see also examinations; IQ testing Der Teutsche Merkur 123 Thackeray, William Makepeace, Vanity Fair 149, 260 Thatcher, Margaret (Roberts) 1, 174 education and career 256–7 Theobald of Bec, Archbishop of Canterbury 102 Thiel, Peter 308 Thomas, J. H. 340 Thomson, Godfrey 217 Thornton, Tex 253–4 Thurstone, L. L. 217 Titmuss, Richard 281 Tobin, James 226 Tocqueville, Alexis de 11, 19, 179, 191 Democracy in America 193 Tolstoy, Leo, War and Peace 50 Townsend Harris School 198 trade union movement and knowledge workers 341 and selective education 288–9 Transparency International 368 Tredegar’s Workmen’s Institute library 172, 173 Trevelyan family 152 Trevelyan, Sir Charles 155 Trevelyan, Sir George 160 Trevor-Roper, Hugh 235 Tri-Lateral Commission 320 tribal societies, kinship groups 48 Trinity College, Dublin, women graduates 268 Trollope, Anthony 149, 392 The Duke’s Children 151 The Prime Minister (1875) 31 The Three Clerks 157, 160–61 Trotsky, Leon 228 Truman, Harry S. 239 Trump, Donald 3, 316, 374 anti-intellectual appeal 332 election of 329, 330, 384 and nationalism 344–5 nepotism 48, 318, 319, 374 and press 334–5 support for 22, 342, 346 Trump, Ivanka 316, 319, 374 Turgot, Anne Robert Jacques 124 Turkey, imperial court 40 Turner, Frederick Jackson Turner 196 Turow, Scott 12 typewriters 271 tyranny, Plato on 64 UNCTAD 321 Unitarians 152 United Nations, declaration of human rights 26 United States 175–202 anti-federalism 188 and anti-meritocratic movement 283–92 Army General Classification Test (AGCT) 239 ‘captains of learning’ 223–7 civil disobedience (1960s) 301 civil rights 239 Civil Rights Bill (1964) 274 constitutions 177–8 and contempt for masses 342 Declaration of Independence 178–9, 238, 262, 301 East Coast elite (WASP) 194, 224, 232–3, 240 economy 186–7, 190–91, 193–4, 368–9 and educational egalitarianism 300–305 educational elites 4, 7, 194–5, 241–2 Educational Policies Commission 239–40 elite dynasties 318–19 enthusiasm for IQ tests 214–15 Equal Rights Amendment (ERA) 273 and equality of opportunity 19 Founding Fathers 178–9, 383 hierarchies in 202, 232–3 inequality in 225, 313, 325–6, 346–7 and Iraq War 336–7 Jews in 93, 202 and legacy of Plato 70 meritocracy in universities 2, 9–10 meritocratic administration 201–2 National Defense Education Act 274 National Merit Scholarship Corporation 240 political corruption 188, 190, 195–6, 200–202 political parties 188, 202, 331–2 post-war 238–42, 273 racial inequality 283, 302–5, 346–7 robber barons 17, 193, 196–7 Sarbanes–Oxley reforms (2002) 338 SAT (Scholastic Aptitude Test) (US) 6, 224–5, 239 and second chances in education 284, 382–3 and self-invention 175–6 self-made men 189, 191 self-reliance 176–7 and slavery 179, 192–3 and social mobility 323–4 Southern states Jim Crow laws 193 Supreme Court 16, 300, 303, 383 vocational education 393, 394 women in post-war years 273 women’s colleges 268 see also Black Americans universities and academic research 249–51 admissions policies 2, 316–18 black studies 298 children of academics 317–18 China 363 competition for places 308 corrupt admissions 315–16 expansion of 248 gender studies 298 German 140 limits on Jewish students in America 226, 233 and open competition 158–9 polytechnic colleges as 394 and professional management training 197 proposal for scholarships tied to public service 379 Protestant 112 Prussia 127 removal of religious restrictions 158, 159–60 restrictions on poor students 32–3, 317 and school examinations 161 and sponsored mobility 102–3 see also Cambridge; Ivy League universities; Oxford University Grants Committee 236 US Army, use of IQ testing 213–14, 215 Utilitarianism 146, 152 Vallance, Patrick 345 Van Buren, Martin 188, 189 Van Reenen, John 368 Vance, J.


pages: 317 words: 101,074

The Road Ahead by Bill Gates, Nathan Myhrvold, Peter Rinearson

Albert Einstein, Apple's 1984 Super Bowl advert, Berlin Wall, Bill Gates: Altair 8800, Bob Noyce, Bonfire of the Vanities, business process, California gold rush, Charles Babbage, Claude Shannon: information theory, computer age, Donald Knuth, first square of the chessboard, first square of the chessboard / second half of the chessboard, glass ceiling, global village, informal economy, invention of movable type, invention of the printing press, invention of writing, John von Neumann, knowledge worker, medical malpractice, Mitch Kapor, new economy, packet switching, popular electronics, Richard Feynman, Ronald Reagan, SimCity, speech recognition, Steve Ballmer, Steve Jobs, Steven Pinker, Ted Nelson, telemarketer, the scientific method, The Wealth of Nations by Adam Smith, transaction costs, Turing machine, Turing test, Von Neumann architecture

If the population of a city were reduced by even 10 percent, the result would be a major difference in property values and wear and tear on transportation and other urban systems. If the average office worker in any major city stayed home one or two days a week, the decreases in gasoline consumption, air pollution, and traffic congestion would be significant. The net effect, however, is hard to foresee. If those who moved out of cities were mostly the affluent knowledge workers, the urban tax base would be reduced. This would aggravate the inner city's woes and encourage other affluent people to leave. But at the same time, the urban infrastructure might be less heavily loaded. Rents would fall, creating opportunities for a better standard of living for some of those remaining in the cities.

The highway will spread information and opportunity across borders to developing nations, too. Cheap global communications can bring people anywhere into the mainstream of the world economy. An English-speaking Ph.D. in China will be able to bid against colleagues in London for consulting work. Knowledge workers in industrialized countries will, in a sense, face new competition—just as some manufacturing workers in industrialized countries have experienced competition from developing nations over the past decade. This will make the information highway a powerful force for international trade in intellectual goods and services, just as the availability of relatively inexpensive air cargo and containerized shipping helped propel international trade in physical goods.


pages: 572 words: 94,002

Reset: How to Restart Your Life and Get F.U. Money: The Unconventional Early Retirement Plan for Midlife Careerists Who Want to Be Happy by David Sawyer

"World Economic Forum" Davos, Abraham Maslow, Airbnb, Albert Einstein, asset allocation, beat the dealer, bitcoin, Black Monday: stock market crash in 1987, Cal Newport, cloud computing, cognitive dissonance, content marketing, crowdsourcing, cryptocurrency, currency risk, David Attenborough, David Heinemeier Hansson, Desert Island Discs, diversification, diversified portfolio, Edward Thorp, Elon Musk, fake it until you make it, fake news, financial independence, follow your passion, gig economy, Great Leap Forward, hiring and firing, imposter syndrome, index card, index fund, invention of the wheel, John Bogle, knowledge worker, loadsamoney, low skilled workers, Mahatma Gandhi, Mark Zuckerberg, meta-analysis, mortgage debt, Mr. Money Mustache, passive income, passive investing, Paul Samuelson, pension reform, risk tolerance, Robert Shiller, Ronald Reagan, Silicon Valley, Skype, smart meter, Snapchat, stakhanovite, Steve Jobs, sunk-cost fallacy, TED Talk, The 4% rule, Tim Cook: Apple, Vanguard fund, William Bengen, work culture , Y Combinator

And the post-war boom in consumerism and a world run by advertising has sealed the pact, creating a society where we define ourselves by the job we do, not who we are. Our aim? Instant, easy gratification by earning more money to use more resources. Although by no means as bad as the 1900s, long working days are not unusual with managers and knowledge workers worst affected. A recent survey found that 80% of white-collar employees work more than 40 hours a week with a third clocking more than 50[29]. All this toil leads to what British writer Oliver James calls: “The Affluenza Virus…a set of values which increase our vulnerability to emotional distress.”

Although it is commonplace to hire locally now, by the end of the twenties it will be different. According to a 2018 report by management consulting firm McKinsey[37], artificial intelligence, automation and robotics[38] will have made many unskilled jobs redundant, and there’ll be a bigger pool of knowledge workers for employers to choose from. Whether you’re a PR consultant, accountant, or lawyer it won’t matter if you’re in Glasgow, Gothenburg or Ganzhou. All that will matter, in the words of Deep Work author Cal Newport, is: “Your ability to quickly master hard things.” “The ability to produce at an elite level, in terms of both quality and speed[39].”


pages: 340 words: 97,723

The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity by Amy Webb

"Friedman doctrine" OR "shareholder theory", Ada Lovelace, AI winter, air gap, Airbnb, airport security, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic bias, AlphaGo, Andy Rubin, artificial general intelligence, Asilomar, autonomous vehicles, backpropagation, Bayesian statistics, behavioural economics, Bernie Sanders, Big Tech, bioinformatics, Black Lives Matter, blockchain, Bretton Woods, business intelligence, Cambridge Analytica, Cass Sunstein, Charles Babbage, Claude Shannon: information theory, cloud computing, cognitive bias, complexity theory, computer vision, Computing Machinery and Intelligence, CRISPR, cross-border payments, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, disinformation, distributed ledger, don't be evil, Donald Trump, Elon Musk, fail fast, fake news, Filter Bubble, Flynn Effect, Geoffrey Hinton, gig economy, Google Glasses, Grace Hopper, Gödel, Escher, Bach, Herman Kahn, high-speed rail, Inbox Zero, Internet of things, Jacques de Vaucanson, Jeff Bezos, Joan Didion, job automation, John von Neumann, knowledge worker, Lyft, machine translation, Mark Zuckerberg, Menlo Park, move fast and break things, Mustafa Suleyman, natural language processing, New Urbanism, Nick Bostrom, one-China policy, optical character recognition, packet switching, paperclip maximiser, pattern recognition, personalized medicine, RAND corporation, Ray Kurzweil, Recombinant DNA, ride hailing / ride sharing, Rodney Brooks, Rubik’s Cube, Salesforce, Sand Hill Road, Second Machine Age, self-driving car, seminal paper, SETI@home, side project, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart cities, South China Sea, sovereign wealth fund, speech recognition, Stephen Hawking, strong AI, superintelligent machines, surveillance capitalism, technological singularity, The Coming Technological Singularity, the long tail, theory of mind, Tim Cook: Apple, trade route, Turing machine, Turing test, uber lyft, Von Neumann architecture, Watson beat the top human players on Jeopardy!, zero day

We kept assuming that robots would take over all the blue-collar jobs, but it turns out that building physical robots capable of doing all that physical labor was a far more difficult task than we’d ever imagined, while cognitive tasks were easier to program and replicate. Ironically, it is the knowledge workers who are no longer needed. As a result, America and its allies have an immediate and critical need for the all the blue-collar jobs we said would be gone. We simply don’t have enough highly skilled plumbers, electricians, and carpenters. Robots can’t provide the human touch we desire, so we also have an immediate need for massage therapists, nail technicians, estheticians, and barbers.

With the American workforce in crisis, students are divided into two categories during their kindergarten entrance exams: vocational or executive. Vocational students are trained for agility across disciplines, while executive students are trained in critical thinking and management. There is no need for the kinds of skills possessed by middle managers, since most middle managers and entry-level knowledge workers are now AIs. With unemployment in unexpected sectors; crime is up—but not for the reasons you think. AI-powered policing software didn’t work as promised, so our crime statistics don’t accurately represent the real world. The algorithms built by AI’s tribes and trained on a limited set of data never learned how to correctly identify and classify a gender-nonconforming person—someone who identifies neither as female nor male and might look completely androgynous, or who might have both a beard and eyelash extensions.


pages: 261 words: 103,244

Economists and the Powerful by Norbert Haring, Norbert H. Ring, Niall Douglas

accounting loophole / creative accounting, Affordable Care Act / Obamacare, Alan Greenspan, Albert Einstein, asset allocation, bank run, barriers to entry, Basel III, Bear Stearns, Bernie Madoff, book value, British Empire, buy and hold, central bank independence, collective bargaining, commodity trading advisor, compensation consultant, corporate governance, creative destruction, credit crunch, Credit Default Swap, David Ricardo: comparative advantage, diversified portfolio, financial deregulation, George Akerlof, illegal immigration, income inequality, inflation targeting, information asymmetry, Jean Tirole, job satisfaction, Joseph Schumpeter, Kenneth Arrow, knowledge worker, land bank, law of one price, light touch regulation, Long Term Capital Management, low interest rates, low skilled workers, mandatory minimum, market bubble, market clearing, market fundamentalism, means of production, military-industrial complex, minimum wage unemployment, Money creation, moral hazard, new economy, obamacare, old-boy network, open economy, Pareto efficiency, Paul Samuelson, pension reform, Ponzi scheme, price stability, principal–agent problem, profit maximization, purchasing power parity, Renaissance Technologies, Robert Solow, rolodex, Savings and loan crisis, Sergey Aleynikov, shareholder value, short selling, Steve Jobs, The Chicago School, the payments system, The Wealth of Nations by Adam Smith, too big to fail, Tragedy of the Commons, transaction costs, ultimatum game, union organizing, Vilfredo Pareto, working-age population, World Values Survey

Otherwise the THE POWER OF THE CORPORATE ELITE 129 stock price of the company in question would jump on the granting of the award. Instead, stock prices only gain over time as the better company performance becomes obvious in the bottom line (Edmans 2011). This is particularly unexpected given the ample theoretical and empirical evidence that very high-skilled and knowledgeable workers – exactly those most sensitive to workplace conditions and those most able and willing to relocate if they feel their employer is anything less than committed to them – are driving ever-increasing amounts of long-term company value as technology marches forward (Grant, 1996; Deeds and Decarolis 1999).

The six restaurants made offers of starting wages to new employees that ranged from US$5.15 to US$6 per hour, a range of 16 percent. Getting a pay rise of 16 percent is a big deal for most employees, especially those close to minimum wage (Bhaskar, Manning and To 2002). Even for highly compensated, highly skilled and highly mobile knowledge workers such as top end IT workers earning well over US$100,000 a year, there is significant monopsonistic power employed to hold down compensation and work against the interests of employees: In 2010 the US Department of Justice ruled against Adobe, Apple, Google, Intel, Intuit and Pixar for entering into secret agreements not to solicit one another’s high-skilled employees, and a class action civil suit is due to be heard in the courts during 2012 (Forbes 23 January 2012).


pages: 321 words: 97,661

How to Read a Paper: The Basics of Evidence-Based Medicine by Trisha Greenhalgh

call centre, complexity theory, conceptual framework, confounding variable, correlation coefficient, correlation does not imply causation, deskilling, knowledge worker, longitudinal study, meta-analysis, microbiome, New Journalism, p-value, personalized medicine, placebo effect, publication bias, randomized controlled trial, selection bias, systematic bias, systems thinking, the scientific method

The role of the knowledge manager is to blow this sort of nonsense away and ensure that (in the case of EBM) everyone who needs to practice it has links to the relevant knowledge base, protected time to access it and appropriate training. 2. Knowledge workers: These individuals have it on their job description to help the rest of us find and apply knowledge. The person on the computer helpdesk is a kind of knowledge worker, as is a librarian or a research assistant. To use some contemporary jargon, the tools of EBM should be offered as an ‘augmented product’ with designated members of staff hired to provide flexible support to individuals as and when they ask for it. 3.


pages: 407 words: 103,501

The Digital Divide: Arguments for and Against Facebook, Google, Texting, and the Age of Social Netwo Rking by Mark Bauerlein

Alvin Toffler, Amazon Mechanical Turk, Andrew Keen, business cycle, centre right, citizen journalism, collaborative editing, computer age, computer vision, corporate governance, crowdsourcing, David Brooks, digital divide, disintermediation, folksonomy, Frederick Winslow Taylor, Future Shock, Hacker News, Herbert Marcuse, Howard Rheingold, invention of movable type, invention of the steam engine, invention of the telephone, Jaron Lanier, Jeff Bezos, jimmy wales, Kevin Kelly, knowledge worker, late fees, Lewis Mumford, Mark Zuckerberg, Marshall McLuhan, means of production, meta-analysis, moral panic, Network effects, new economy, Nicholas Carr, PageRank, PalmPilot, peer-to-peer, pets.com, radical decentralization, Results Only Work Environment, Saturday Night Live, scientific management, search engine result page, semantic web, Silicon Valley, slashdot, social graph, social web, software as a service, speech recognition, Steve Jobs, Stewart Brand, technology bubble, Ted Nelson, the long tail, the strength of weak ties, The Wisdom of Crowds, Thorstein Veblen, web application, Yochai Benkler

“Our software tools were essentially designed to compete with one another for our attention, like needy toddlers.”33 Even brief interruptions can be as disruptive as lengthy ones, if they involve tasks that are either complex in nature or similar to the original work (thus muddying recall of the main work), Donald Broadbent has found.34 In total, interruptions take up 2.1 hours of an average knowledge worker’s day and cost the U.S. economy $588 billion a year, one research firm estimated.35 Workers find the constant hunt for the lost thread “very detrimental,” Mark reports dryly. . . . Mary Czerwinski, an energetic Microsoft researcher designs a kind of high-tech “wallpaper” to better our age. Czerwinski is the manager of the Visualization and Interaction Research Group in the company’s thought ghetto, Microsoft Research Labs.

Also interview with Gloria Mark, July 2006. 32 Ibid. 33 Thompson, “Meet the Life Hackers,” p. 42. 34 Tony Gillie and Donald Broadbent, “What Makes Interruptions Disruptive? A Study of Length, Similarity and Complexity,” Psychological Research 50 (1989), pp. 243–50. 35 Jonathan Spira and Joshua Feintuch, The Cost of Not Paying Attention: How Interruptions Impact Knowledge Worker Productivity (Basex, 2005), pp. 2 and 10. 36 Suzanne Ross, “Two Screens Are Better Than One,” Microsoft Research News and Highlights, http://research.microsoft.com/displayArticle.aspx?id=433&0sr=a. Also Tara Matthews et al., “Clipping Lists and Change Borders: Improving Multitasking Efficiency with Peripheral Information Design,” Proceedings of the Conference on Human Factors in Computer Systems (April 2006), pp. 989–98. 37 Scott Brown and Fergus I.


pages: 377 words: 97,144

Singularity Rising: Surviving and Thriving in a Smarter, Richer, and More Dangerous World by James D. Miller

23andMe, affirmative action, Albert Einstein, artificial general intelligence, Asperger Syndrome, barriers to entry, brain emulation, cloud computing, cognitive bias, correlation does not imply causation, crowdsourcing, Daniel Kahneman / Amos Tversky, David Brooks, David Ricardo: comparative advantage, Deng Xiaoping, en.wikipedia.org, feminist movement, Flynn Effect, friendly AI, hive mind, impulse control, indoor plumbing, invention of agriculture, Isaac Newton, John Gilmore, John von Neumann, knowledge worker, Larry Ellison, Long Term Capital Management, low interest rates, low skilled workers, Netflix Prize, neurotypical, Nick Bostrom, Norman Macrae, pattern recognition, Peter Thiel, phenotype, placebo effect, prisoner's dilemma, profit maximization, Ray Kurzweil, recommendation engine, reversible computing, Richard Feynman, Rodney Brooks, Silicon Valley, Singularitarianism, Skype, statistical model, Stephen Hawking, Steve Jobs, sugar pill, supervolcano, tech billionaire, technological singularity, The Coming Technological Singularity, the scientific method, Thomas Malthus, transaction costs, Turing test, twin studies, Vernor Vinge, Von Neumann architecture

Only a minuscule number of people have the ability to do science at the level of Einstein or von Neumann, and these men’s accomplishments were undoubtedly limited by having to collaborate with lesser minds. By removing this genius bottleneck, emulations would create an explosion of innovation and scientific knowledge. Workers in rich countries have much higher salaries today than they did a century ago primarily because of better production technology. By improving production technology even further, the high-priced emulations would allow each worker to do more than he could before, and so would allow workers to command still higher salaries.

Overall, however, cognition enhancers would almost certainly raise the average worker’s wage because they would allow society as a whole to produce more. Even workers in professions where being smarter didn’t raise their wages would receive higher salaries because of the drugs. By increasing the wages of knowledge workers, these drugs would boost the amount these laborers paid for services performed by relatively unskilled laborers. They would spend more in restaurants, hire additional domestic servants, and consequently raise the salaries of the unskilled. Cognition enhancers would also allow some low-skilled workers who hadn’t been smart enough to become highly skilled professionals to find better jobs, which would benefit both them and those who remained in low-skill occupations (who would then face less competition).


Artificial Whiteness by Yarden Katz

affirmative action, AI winter, algorithmic bias, AlphaGo, Amazon Mechanical Turk, autonomous vehicles, benefit corporation, Black Lives Matter, blue-collar work, Californian Ideology, Cambridge Analytica, cellular automata, Charles Babbage, cloud computing, colonial rule, computer vision, conceptual framework, Danny Hillis, data science, David Graeber, deep learning, DeepMind, desegregation, Donald Trump, Dr. Strangelove, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, European colonialism, fake news, Ferguson, Missouri, general purpose technology, gentrification, Hans Moravec, housing crisis, income inequality, information retrieval, invisible hand, Jeff Bezos, Kevin Kelly, knowledge worker, machine readable, Mark Zuckerberg, mass incarceration, Menlo Park, military-industrial complex, Nate Silver, natural language processing, Nick Bostrom, Norbert Wiener, pattern recognition, phenotype, Philip Mirowski, RAND corporation, recommendation engine, rent control, Rodney Brooks, Ronald Reagan, Salesforce, Seymour Hersh, Shoshana Zuboff, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Skype, speech recognition, statistical model, Stephen Hawking, Stewart Brand, Strategic Defense Initiative, surveillance capitalism, talking drums, telemarketer, The Signal and the Noise by Nate Silver, W. E. B. Du Bois, Whole Earth Catalog, WikiLeaks

Edward Feigenbaum, naturally invested in the U.S. expert systems industry, teamed up with the writer Pamela McCorduck to formulate a counterplan to Japan’s project. In their book The Fifth Generation (1983), they portrayed Japan’s plan as a grave threat to U.S. hegemony: “The American computer industry has been innovative, vital, and successful. It is, in a way, the ideal industry. It creates value by transforming the brainpower of the knowledge workers, with little consumption of energy and raw materials. Today we dominate the world’s ideas and markets in this most important of all modern technologies. But what about tomorrow?”52 In weaving their own imperialist narrative, Feigenbaum and McCorduck paint Japan as the one with imperial aspirations: “The Japanese have seen gold on distant hills and have begun to move out.”

There has not been a clear and consistent transition from the command-and-control mindset to one in which war is embodied. Imperial projects need not be cohesive in that way; the “old” metaphors live on. Contemporary books in the genre of military information management refer to the soldier as “knowledge worker.”70 This phrase can be casually tossed thanks in part to the work of “symbolic” AI practitioners, whose epistemic narratives play alongside embodied conceptions. The war industry has already served as a site for blending these epistemologies and practices, as we will see in the next section.


pages: 328 words: 96,678

MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them by Nouriel Roubini

"World Economic Forum" Davos, 2021 United States Capitol attack, 3D printing, 9 dash line, AI winter, AlphaGo, artificial general intelligence, asset allocation, assortative mating, autonomous vehicles, bank run, banking crisis, basic income, Bear Stearns, Big Tech, bitcoin, Bletchley Park, blockchain, Boston Dynamics, Bretton Woods, British Empire, business cycle, business process, call centre, carbon tax, Carmen Reinhart, cashless society, central bank independence, collateralized debt obligation, Computing Machinery and Intelligence, coronavirus, COVID-19, creative destruction, credit crunch, crony capitalism, cryptocurrency, currency manipulation / currency intervention, currency peg, data is the new oil, David Ricardo: comparative advantage, debt deflation, decarbonisation, deep learning, DeepMind, deglobalization, Demis Hassabis, democratizing finance, Deng Xiaoping, disintermediation, Dogecoin, Donald Trump, Elon Musk, en.wikipedia.org, energy security, energy transition, Erik Brynjolfsson, Ethereum, ethereum blockchain, eurozone crisis, failed state, fake news, family office, fiat currency, financial deregulation, financial innovation, financial repression, fixed income, floating exchange rates, forward guidance, Fractional reserve banking, Francis Fukuyama: the end of history, full employment, future of work, game design, geopolitical risk, George Santayana, Gini coefficient, global pandemic, global reserve currency, global supply chain, GPS: selective availability, green transition, Greensill Capital, Greenspan put, Herbert Marcuse, high-speed rail, Hyman Minsky, income inequality, inflation targeting, initial coin offering, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of movable type, Isaac Newton, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, junk bonds, Kenneth Rogoff, knowledge worker, Long Term Capital Management, low interest rates, low skilled workers, low-wage service sector, M-Pesa, margin call, market bubble, Martin Wolf, mass immigration, means of production, meme stock, Michael Milken, middle-income trap, Mikhail Gorbachev, Minsky moment, Modern Monetary Theory, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, mortgage debt, Mustafa Suleyman, Nash equilibrium, natural language processing, negative equity, Nick Bostrom, non-fungible token, non-tariff barriers, ocean acidification, oil shale / tar sands, oil shock, paradox of thrift, pets.com, Phillips curve, planetary scale, Ponzi scheme, precariat, price mechanism, price stability, public intellectual, purchasing power parity, quantitative easing, race to the bottom, Ralph Waldo Emerson, ransomware, Ray Kurzweil, regulatory arbitrage, reserve currency, reshoring, Robert Shiller, Ronald Reagan, Salesforce, Satoshi Nakamoto, Savings and loan crisis, Second Machine Age, short selling, Silicon Valley, smart contracts, South China Sea, sovereign wealth fund, Stephen Hawking, TED Talk, The Great Moderation, the payments system, Thomas L Friedman, TikTok, too big to fail, Turing test, universal basic income, War on Poverty, warehouse robotics, Washington Consensus, Watson beat the top human players on Jeopardy!, working-age population, Yogi Berra, Yom Kippur War, zero-sum game, zoonotic diseases

They anticipate jobs no one has yet thought of thanks to staggering technological progress.38 Who foresaw jobs in electronics, data processing, or telecommunications when agricultural and manufacturing jobs began to disappear? It’s a fair question, but replacing brainpower is different from replacing muscle power. Good jobs that emerged from the decline of manufacturing and rise of services required brains, not brawn. “Knowledge worker” was the category that everyone wanted to join. But now we have lost our monopoly on knowledge. Artificial intelligence can handle desirable jobs better and faster than human brains can handle them. There will be jobs for people, but who will want them? “The problem is not the number of jobs but the quality and accessibility of those jobs,” says MIT economist David Autor, a prominent expert on the future of work.

All this is why the AI revolution may be the first one that destroys overall jobs and wages. Complacency this time—the assumption that once again, the Luddites will be wrong—looks like a fatal mistake. AI encroaches on more jobs than in prior revolutions. It affects jobs across many industries, and it affects knowledge workers just as much as blue-collar workers. Machine learning has accomplished one of the long-term hurdles holding back AI: natural-language processing. By allowing machines to scan vast corpuses of texts and do their own pattern analyses, AIs have learned how to translate between languages with remarkable success, and how to generate new texts with remarkable authenticity.


pages: 535 words: 103,761

100 Years of Identity Crisis: Culture War Over Socialisation by Frank Furedi

1960s counterculture, 23andMe, Abraham Maslow, behavioural economics, Brexit referendum, Cass Sunstein, classic study, coronavirus, COVID-19, Donald Trump, epigenetics, Greta Thunberg, Gunnar Myrdal, Herbert Marcuse, Johann Wolfgang von Goethe, knowledge worker, libertarian paternalism, lockdown, New Urbanism, nocebo, nudge theory, nudge unit, scientific management, the scientific method, Thorstein Veblen, work culture

He suggested that a veritable class had formed around adversary culture, one that ‘seeks to aggrandize and perpetuate itself’.711 Like Turner, Trilling was not clear about whether or not it would acquire hegemony, since at the time of his commentary it had not yet succeeded in dominating the middle class. By the late 1970s the influential status of adversary culture, particularly in the university, was indisputable. This development was ably analysed in Gouldner’s study, The Future of Intellectuals and the Rise of the New Class (1979). Gouldner argued that a new class of intellectual and knowledge workers was successfully pursuing the culture war in society and especially inside the university. Gouldner explicitly connected this development to the re-engineering of socialisation which had damaged society’s capacity to transmit its cultural legacy to the younger generations. The most significant dimension of Gouldner’s analysis was his insights regarding the relation between disrupted socialisation and the intensification of cultural conflict.

The emergence of identity politics, new social and cultural movements, and new speech codes all bear the imprint of campus culture. Almost six decades after Hall’s call for a new church of science, the universities succeeded in assuming a pivotal role in the socialisation of young people. Gouldner highlighted the role played by what he called a ‘new class of intellectual and knowledge workers’ in distancing the younger generations from the value system of their elders.758 Contrary to Hall’s expectations, the university did not quite become a new church. Though it lacked a coherent dogma, it was sufficiently powerful to undermine long-standing norms and values and identities, and motivate generations of young people to interpret the world through therapeutic and counter-cultural terms.


pages: 132 words: 31,976

Getting Real by Jason Fried, David Heinemeier Hansson, Matthew Linderman, 37 Signals

call centre, David Heinemeier Hansson, iterative process, John Gruber, knowledge worker, Merlin Mann, Metcalfe's law, performance metric, post-work, premature optimization, Ruby on Rails, slashdot, social bookmarking, Steve Jobs, web application

Just make sure this period is contiguous in order to avoid productivity-killing interruptions. A successful alone time period means letting go of communication addiction. During alone time, give up instant messenging, phone calls, and meetings. Avoid any email thread that's going to require an immediate response. Just shut up and get to work. Get Into the Groove We all know that knowledge workers work best by getting into "flow", also known as being "in the zone", where they are fully concentrated on their work and fully tuned out of their environment. They lose track of time and produce great stuff through absolute concentration...trouble is that it's so easy to get knocked out of the zone.


pages: 364 words: 99,897

The Industries of the Future by Alec Ross

"World Economic Forum" Davos, 23andMe, 3D printing, Airbnb, Alan Greenspan, algorithmic bias, algorithmic trading, AltaVista, Anne Wojcicki, autonomous vehicles, banking crisis, barriers to entry, Bernie Madoff, bioinformatics, bitcoin, Black Lives Matter, blockchain, Boston Dynamics, Brian Krebs, British Empire, business intelligence, call centre, carbon footprint, clean tech, cloud computing, collaborative consumption, connected car, corporate governance, Credit Default Swap, cryptocurrency, data science, David Brooks, DeepMind, Demis Hassabis, disintermediation, Dissolution of the Soviet Union, distributed ledger, driverless car, Edward Glaeser, Edward Snowden, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, fiat currency, future of work, General Motors Futurama, global supply chain, Google X / Alphabet X, Gregor Mendel, industrial robot, information security, Internet of things, invention of the printing press, Jaron Lanier, Jeff Bezos, job automation, John Markoff, Joi Ito, Kevin Roose, Kickstarter, knowledge economy, knowledge worker, lifelogging, litecoin, low interest rates, M-Pesa, machine translation, Marc Andreessen, Mark Zuckerberg, Max Levchin, Mikhail Gorbachev, military-industrial complex, mobile money, money: store of value / unit of account / medium of exchange, Nelson Mandela, new economy, off-the-grid, offshore financial centre, open economy, Parag Khanna, paypal mafia, peer-to-peer, peer-to-peer lending, personalized medicine, Peter Thiel, precision agriculture, pre–internet, RAND corporation, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, Rubik’s Cube, Satoshi Nakamoto, selective serotonin reuptake inhibitor (SSRI), self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart cities, social graph, software as a service, special economic zone, supply-chain management, supply-chain management software, technoutopianism, TED Talk, The Future of Employment, Travis Kalanick, underbanked, unit 8200, Vernor Vinge, Watson beat the top human players on Jeopardy!, women in the workforce, work culture , Y Combinator, young professional

They have transformed from countries where famines killed tens of millions of people during the 20th century to two of the largest and most vibrant economies in the world. Their futures will see transformative change every bit as exceptional as the past three decades have. For decades, China demonstrated that a somewhat open economy and a closed political system can achieve growth by being home to knowledge workers and manufacturing centers. But it is now seeking to prove that it can provide the conditions for innovation of its own. To this end, the core question for China’s future is whether its model of relative economic openness but tight political control can foster real innovation. Thus far, it seems that its knowledge economy has been hampered.

A homeless person may have the right to not be moved from the little place he sleeps on the street. It can take years, then, to move stuff forward. This is why infrastructure is superdeveloped in China and is underdeveloped in India.” What India lacks in central planning for manufacturing it has made up for in producing knowledge workers. India trains around 1.5 million engineers every year, which is more than the United States and China combined. India’s first prime minister, Jawaharlal Nehru, focused significant resources on IT and higher education. His government oversaw the establishment of the All India Institute of Medical Sciences, the Indian Institutes of Technology, and the Indian Institutes of Management, which are among the best professional training centers in any emerging market—indeed, in any market at all.


pages: 407 words: 109,653

Top Dog: The Science of Winning and Losing by Po Bronson, Ashley Merryman

Asperger Syndrome, Berlin Wall, Charles Lindbergh, conceptual framework, crowdsourcing, delayed gratification, deliberate practice, Edward Glaeser, experimental economics, Fall of the Berlin Wall, fear of failure, FedEx blackjack story, Ford Model T, game design, industrial cluster, Jean Tirole, knowledge worker, Larry Ellison, longitudinal study, loss aversion, Mark Zuckerberg, meta-analysis, Mikhail Gorbachev, phenotype, Richard Feynman, risk tolerance, school choice, selection bias, shareholder value, Silicon Valley, six sigma, Steve Jobs, the Cathedral and the Bazaar, work culture , zero-sum game

It eats up a lot of time to coordinate a team’s efforts—making sure everyone has replaced the April 10, 5:00 P.M., draft with the April 10, 6:00 P.M—no, wait—6:15 draft. Magic is supposed to happen when a group of people are united in their dedication to a singular purpose. But modern, corporate teams aren’t remotely like that: estimates are that up to 90% of knowledge workers are on multiple teams, each team fighting for its members’ time and attention. No project gets singular devotion. And with the rise of technology-assisted “virtual teams,” where coworkers are spread around the country or world, people may have no real relationship with teammates; often, they don’t even meet.

One economic incongruity the researchers had observed: most highly educated East Germans did not pursue new careers in engineering or technology, despite being qualified to do so. Instead, they took low-paying jobs in the construction industry, as laborers. This perpetuated the productivity gap between East and West, because so many college grads in the East took jobs beneath their intellectual capabilities. They had the education of a modern knowledge worker, but not the mindset. Over time, researchers started to see a pattern. Those who succeeded—those who became competitive and innovative—were higher in agency. Agency is the capacity to act independently, to make one’s own free choices, and to make decisions quickly. Agency is the core inside self-starters, the trait that grows into personal initiative.


pages: 518 words: 107,836

How Not to Network a Nation: The Uneasy History of the Soviet Internet (Information Policy) by Benjamin Peters

Albert Einstein, American ideology, Andrei Shleifer, Anthropocene, Benoit Mandelbrot, bitcoin, Brownian motion, Charles Babbage, Claude Shannon: information theory, cloud computing, cognitive dissonance, commons-based peer production, computer age, conceptual framework, continuation of politics by other means, crony capitalism, crowdsourcing, cuban missile crisis, Daniel Kahneman / Amos Tversky, David Graeber, disinformation, Dissolution of the Soviet Union, Donald Davies, double helix, Drosophila, Francis Fukuyama: the end of history, From Mathematics to the Technologies of Life and Death, Gabriella Coleman, hive mind, index card, informal economy, information asymmetry, invisible hand, Jacquard loom, John von Neumann, Kevin Kelly, knowledge economy, knowledge worker, Lewis Mumford, linear programming, mandelbrot fractal, Marshall McLuhan, means of production, megaproject, Menlo Park, Mikhail Gorbachev, military-industrial complex, mutually assured destruction, Network effects, Norbert Wiener, packet switching, Pareto efficiency, pattern recognition, Paul Erdős, Peter Thiel, Philip Mirowski, power law, RAND corporation, rent-seeking, road to serfdom, Ronald Coase, scientific mainstream, scientific management, Steve Jobs, Stewart Brand, stochastic process, surveillance capitalism, systems thinking, technoutopianism, the Cathedral and the Bazaar, the strength of weak ties, The Structural Transformation of the Public Sphere, transaction costs, Turing machine, work culture , Yochai Benkler

In its initial proposals, the OGAS Project estimated that it would take over thirty years to be fully online, that it would need a labor transfer of some 300,000 personnel, that costs would be upward of 20 billion rubles for the first fifteen years, and that tens of thousands of computing center and interactive access points would be distributed across the Soviet population. All this would prove net efficient, promised Glushkov. The 300,000 knowledge workers would constitute an enormous labor transfer, as well as a net reduction in the ever-rising number of people who were employed in economic planning. The 20 billion rubles would be distributed over three five-year plans, with the first requiring a seemingly modest 5 billion rubles. Acutely aware of the advantages of the well-regulated financial management that was enjoyed by the successful military nuclear and space programs, Glushkov insisted to Prime Minister Kosygin that, if the OGAS were to be developed, this civilian program would require a similarly well-managed funding stream, even though it would prove more complicated and expensive than both military programs combined.

The OGAS, for Glushkov, was to be a national communication network, countless local paperless offices, and a dynamic management system that connected them—a global-local network. A proper economic reform, in his mind, must benefit the factory worker, the general secretary, and the whole populace. The OGAS sought to pole-vault socialism toward communism at the Hegelian level of historical progress and to usher in a better work life for the knowledge worker: in the command economy, everyone needed to work knowledgably with economic plans. The OGAS would grant both at once, automatically storing relevant digital files on every local actor while granting remote access anywhere else in the country. The origins of the ideas behind the OGAS computing network also point to a preexisting academic network, including the circulation of a 1955 Academy of Sciences proposal by Nemchinov to erect large but unconnected state computer centers in Moscow, Kiev, Novosibirsk, Riga, Kharkov, and other major cities.


pages: 602 words: 177,874

Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations by Thomas L. Friedman

3D printing, additive manufacturing, affirmative action, Airbnb, AltaVista, Amazon Web Services, Anthropocene, Apple Newton, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, biodiversity loss, bitcoin, blockchain, Bob Noyce, business cycle, business process, call centre, carbon tax, centre right, Chris Wanstrath, Clayton Christensen, clean tech, clean water, cloud computing, cognitive load, corporate social responsibility, creative destruction, CRISPR, crowdsourcing, data science, David Brooks, deep learning, demand response, demographic dividend, demographic transition, Deng Xiaoping, digital divide, disinformation, Donald Trump, dual-use technology, end-to-end encryption, Erik Brynjolfsson, fail fast, failed state, Fairchild Semiconductor, Fall of the Berlin Wall, Ferguson, Missouri, first square of the chessboard / second half of the chessboard, Flash crash, fulfillment center, game design, gig economy, global pandemic, global supply chain, Great Leap Forward, illegal immigration, immigration reform, income inequality, indoor plumbing, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of the steam engine, inventory management, Irwin Jacobs: Qualcomm, Jeff Bezos, job automation, John Markoff, John von Neumann, Khan Academy, Kickstarter, knowledge economy, knowledge worker, land tenure, linear programming, Live Aid, low interest rates, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, mass immigration, Maui Hawaii, Menlo Park, Mikhail Gorbachev, mutually assured destruction, Neil Armstrong, Nelson Mandela, ocean acidification, PalmPilot, pattern recognition, planetary scale, power law, pull request, Ralph Waldo Emerson, ransomware, Ray Kurzweil, Richard Florida, ride hailing / ride sharing, Robert Gordon, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, smart cities, Solyndra, South China Sea, Steve Jobs, subscription business, supercomputer in your pocket, synthetic biology, systems thinking, TaskRabbit, tech worker, TED Talk, The Rise and Fall of American Growth, Thomas L Friedman, Tony Fadell, transaction costs, Transnistria, uber lyft, undersea cable, urban decay, urban planning, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y2K, Yogi Berra, zero-sum game

We need to control low-skilled immigration so our own low-skilled workers are not priced out of jobs, while removing all limits on H-1B visas for foreign high-skilled knowledge workers. We should also double the research funding for all of our national labs and institutes of health to drive basic research. Nothing would spin off more new good jobs and industries than that combination of more basic research and more knowledge workers. 7. To ensure that next-generation Internet services are developed in America, she would put in place new accelerated tax incentives and eliminate regulatory barriers to rapidly scale up the deployment of superfast bandwidth—for both wire line and wireless networks.

They are also portable tools that can turn AI into IA in remarkable new ways so that so many more people, no matter how educated or dexterous, can live above the average adaptability line—and even thrive there. Consider what it is to be a janitor today at the Qualcomm campus in San Diego. Hint: thanks to intelligent assistants, it’s become a knowledge worker job. Ashok Tipirneni, director of product management for Qualcomm’s Smart Cities project, explained to me why: Qualcomm has created a business in showing companies how they can retrofit wireless sensors to every part of their buildings in order to generate a real-time, nonstop sort of EKG or MRI of what is going on deep inside every one of their buildings’ systems.


Data Mining: Concepts and Techniques: Concepts and Techniques by Jiawei Han, Micheline Kamber, Jian Pei

backpropagation, bioinformatics, business intelligence, business process, Claude Shannon: information theory, cloud computing, computer vision, correlation coefficient, cyber-physical system, database schema, discrete time, disinformation, distributed generation, finite state, industrial research laboratory, information retrieval, information security, iterative process, knowledge worker, linked data, machine readable, natural language processing, Netflix Prize, Occam's razor, pattern recognition, performance metric, phenotype, power law, random walk, recommendation engine, RFID, search costs, semantic web, seminal paper, sentiment analysis, sparse data, speech recognition, statistical model, stochastic process, supply-chain management, text mining, thinkpad, Thomas Bayes, web application

Based on this information, we view data warehousing as the process of constructing and using data warehouses. The construction of a data warehouse requires data cleaning, data integration, and data consolidation. The utilization of a data warehouse often necessitates a collection of decision support technologies. This allows “knowledge workers” (e.g., managers, analysts, and executives) to use the warehouse to quickly and conveniently obtain an overview of the data, and to make sound decisions based on information in the warehouse. Some authors use the term data warehousing to refer only to the process of data warehouse construction, while the term warehouse DBMS is used to refer to the management and utilization of data warehouses.

The major task of online operational database systems is to perform online transaction and query processing. These systems are called online transaction processing (OLTP) systems. They cover most of the day-to-day operations of an organization such as purchasing, inventory, manufacturing, banking, payroll, registration, and accounting. Data warehouse systems, on the other hand, serve users or knowledge workers in the role of data analysis and decision making. Such systems can organize and present data in various formats in order to accommodate the diverse needs of different users. These systems are known as online analytical processing (OLAP) systems. The major distinguishing features of OLTP and OLAP are summarized as follows:■ Users and system orientation: An OLTP system is customer-oriented and is used for transaction and query processing by clerks, clients, and information technology professionals.

The major distinguishing features of OLTP and OLAP are summarized as follows:■ Users and system orientation: An OLTP system is customer-oriented and is used for transaction and query processing by clerks, clients, and information technology professionals. An OLAP system is market-oriented and is used for data analysis by knowledge workers, including managers, executives, and analysts. ■ Data contents: An OLTP system manages current data that, typically, are too detailed to be easily used for decision making. An OLAP system manages large amounts of historic data, provides facilities for summarization and aggregation, and stores and manages information at different levels of granularity.


Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America by David Callahan

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Albert Einstein, American Legislative Exchange Council, An Inconvenient Truth, automated trading system, benefit corporation, Bernie Sanders, Big Tech, Bonfire of the Vanities, book value, carbon credits, carbon footprint, carbon tax, Carl Icahn, carried interest, clean water, corporate social responsibility, David Brooks, demographic transition, desegregation, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Edward Thorp, financial deregulation, financial engineering, financial independence, global village, Gordon Gekko, greed is good, Herbert Marcuse, high net worth, income inequality, Irwin Jacobs: Qualcomm, Jeff Bezos, John Bogle, John Markoff, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, Marc Andreessen, Mark Zuckerberg, market fundamentalism, medical malpractice, mega-rich, Mitch Kapor, Naomi Klein, NetJets, new economy, offshore financial centre, Peter Thiel, plutocrats, power law, profit maximization, quantitative trading / quantitative finance, Ralph Nader, Renaissance Technologies, Richard Florida, Robert Bork, rolodex, Ronald Reagan, school vouchers, short selling, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, stem cell, Steve Ballmer, Steve Jobs, systematic bias, systems thinking, unpaid internship, Upton Sinclair, Vanguard fund, War on Poverty, working poor, World Values Survey

In North Carolina, Obama won only among high school dropouts and voters with postgraduate degrees—which was enough to take the state. A year later, as Republicans swept gubernatorial races in Virginia and New Jersey in 2009, voters with postgraduate degrees stuck with Democrats in both elections.14 Beyond the pragmatic reasons for knowledge workers to be liberal, the educated usually trend left for other reasons. In their 2002 book The Emerging Democratic Majority, John Judis and Ruy Teixeira describe how professionals have long been the strongest supporters of “civil rights and feminist causes.” And there is a reason for this: the more educated you are, the more likely you are to question rigid hierarchy, be tolerant of cultural differences, and reject traditional values.

Instead of trying to shame companies and executives, the president should take advantage of our success by using our outsized earnings to pay for the needs of our nation.”12 This suggestion was not surprising, coming from Hastings, who epitomizes today’s rich progressives. Like many, he is a second-generation knowledge worker—his father was a big-time lawyer—who grew up in deep-blue America, around Boston. He went to private school in Cambridge; attended Bowdoin, an elite liberal arts college in Maine; spent two years in the Peace Corps; and then got a master’s degree in computer science from Stanford. After making a fortune in software during the 1990s, Hastings decided that he wanted to do something important.


pages: 385 words: 118,314

Cities Are Good for You: The Genius of the Metropolis by Leo Hollis

Airbnb, Alvin Toffler, banking crisis, Berlin Wall, Big Tech, Boris Johnson, Broken windows theory, Buckminster Fuller, call centre, car-free, carbon footprint, cellular automata, classic study, clean water, cloud computing, complexity theory, congestion charging, creative destruction, credit crunch, Credit Default Swap, crowdsourcing, Deng Xiaoping, digital divide, digital map, Disneyland with the Death Penalty, Donald Shoup, East Village, Edward Glaeser, Elisha Otis, Enrique Peñalosa, export processing zone, Firefox, Frank Gehry, General Motors Futurama, Geoffrey West, Santa Fe Institute, Gini coefficient, Google Earth, Great Leap Forward, Guggenheim Bilbao, haute couture, Hernando de Soto, high-speed rail, housing crisis, illegal immigration, income inequality, informal economy, Internet of things, invisible hand, Jane Jacobs, Jevons paradox, Kickstarter, knowledge economy, knowledge worker, Leo Hollis, Lewis Mumford, Long Term Capital Management, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, Masdar, mass immigration, megacity, negative equity, Neil Armstrong, new economy, New Urbanism, Occupy movement, off-the-grid, openstreetmap, packet switching, Panopticon Jeremy Bentham, place-making, power law, Quicken Loans, Ray Oldenburg, Richard Florida, sharing economy, Silicon Valley, Skype, smart cities, smart grid, spice trade, Steve Jobs, technoutopianism, the built environment, The Chicago School, The Death and Life of Great American Cities, The Great Good Place, the High Line, The Spirit Level, the strength of weak ties, The Wisdom of Crowds, Thomas Malthus, trade route, traveling salesman, urban planning, urban renewal, urban sprawl, walkable city, white flight, Y2K, Yom Kippur War

They were still building the road between the city and the airport. The fabric of the city was failing to keep up with the demands of the burgeoning creative economy it has spawned. The economist Enrico Moretti has been charting the new geography of jobs in America and his research reveals that the new knowledge workers have a multiplier effect wherever they work. Creative jobs often attract other creative workers; in addition they increase employment and salaries for those who are providing local services: ‘for each new high-tech job in a city, five additional jobs are ultimately created outside of the high-tech sector in that city’.10 The creative economy has a powerful impact on its host city, but not all cities are equal.

This brand new, hypermobile vision of the future comes with a warning: things are not as fluid, open and fresh as the economists would have us believe. Richard Florida was the first to coin ‘the creative class’ as a new, dynamic social and economic group who were having a profound impact on urban regeneration. The new human economy, he proposes, will be split between those who are mobile and those who are stuck. Knowledge workers will move around the world in search of places of excellence: ‘The mobile possess the means, resources and inclination to seek out and move to locations where they can leverage their talents.’12 It was this creative class that David Cameron had in mind when he launched Tech City in 2010. It is these burgeoning ‘hi-tech nomads’ that are causing congestion in gridlocked Bangalore.


Decoding Organization: Bletchley Park, Codebreaking and Organization Studies by Christopher Grey

Bletchley Park, call centre, classic study, computer age, glass ceiling, index card, iterative process, knowledge economy, knowledge worker, military-industrial complex, old-boy network, post-war consensus, seminal paper, work culture

This in a way is a variant on the theme of showing how BP entailed more than the received image of the ‘genius codebreaker’, being instead a much more varied and interdependent set of activities. One reason why this was obvious at BP was that it existed at the cusp of computerization and so many work processes which are nowadays largely invisible could be discerned. For example, the modern-day ‘knowledge worker’ might be imagined tapping away at a laptop computer, but the tasks being performed might be understood as no more than the mundane filing and clerical work which at BP was performed by human labour (cf. Lilley, Lightfoot and Amaral, 2004: 141). Not just this last point but all of the insights summarised in this section are aided by the fact that this is an historical study.

Another instance would be the parallels between the ‘instinctive’ ability of an intelligence analyst or cryptanalyst to spot tiny hints – as discussed in Chapter 6 – and Weick and Roberts’ (1993) observation of the way that flight crews need to be alert to small things which might have large consequences. Or, to give a final example, Stuart Milner-Barry’s stress on ‘listening’ as central to his management of Hut 6, again described in Chapter 5, is echoed in contemporary practices of the management of knowledge workers as outlined by Alvesson and Svengisson (2003). No doubt many such parallels could be enumerated. They require careful handling, of course, because they carry the danger of anachronism. Equally, there are many aspects of BP which are highly unusual and will have very limited resonance, if any at all.


pages: 377 words: 115,122

Quiet: The Power of Introverts in a World That Can't Stop Talking by Susan Cain

8-hour work day, Albert Einstein, An Inconvenient Truth, AOL-Time Warner, Asperger Syndrome, autism spectrum disorder, Bill Gates: Altair 8800, call centre, crowdsourcing, David Brooks, delayed gratification, deliberate practice, emotional labour, game design, hive mind, index card, indoor plumbing, Isaac Newton, knowledge economy, knowledge worker, longitudinal study, Mahatma Gandhi, mass immigration, Menlo Park, meta-analysis, Mikhail Gorbachev, Nelson Mandela, new economy, popular electronics, Ralph Waldo Emerson, ride hailing / ride sharing, Rosa Parks, selective serotonin reuptake inhibitor (SSRI), shareholder value, Silicon Valley, Steve Jobs, Steve Wozniak, telemarketer, The Wisdom of Crowds, traveling salesman, twin studies, Walter Mischel, web application, white flight

They’re often subject to loud and uncontrollable noise, which raises heart rates; releases cortisol, the body’s fight-or-flight “stress” hormone; and makes people socially distant, quick to anger, aggressive, and slow to help others. Indeed, excessive stimulation seems to impede learning: a recent study found that people learn better after a quiet stroll through the woods than after a noisy walk down a city street. Another study, of 38,000 knowledge workers across different sectors, found that the simple act of being interrupted is one of the biggest barriers to productivity. Even multitasking, that prized feat of modern-day office warriors, turns out to be a myth. Scientists now know that the brain is incapable of paying attention to two things at the same time.

., “The Cognitive Benefits of Interacting with Nature,” Psychological Science 19, no. 12 (2008): 1207–12. See also Stephen Kaplan and Marc Berman, “Directed Attention as a Common Resource for Executive Functioning and Self-Regulation,” Perspectives on Psychological Science 5, no. 1 (2010): 43–57. 39. Another study, of 38,000 knowledge workers: Davis et al., “The Physical Environment of the Office.” 40. Even multitasking … a myth: John Medina, Brain Rules (Seattle, WA: Pear Press, 2008), 87. 41. Backbone Entertainment: Mike Mika, interview with the author, July 12, 2006. 42. Reebok International: Kimberly Blanton, “Design It Yourself: Pleasing Offices Laid Out by the Workers Who Use Them Can Be a Big Advantage When Companies Compete for Talent,” Boston Globe, March 1, 2005. 43.


pages: 429 words: 114,726

The Computer Boys Take Over: Computers, Programmers, and the Politics of Technical Expertise by Nathan L. Ensmenger

barriers to entry, business process, Charles Babbage, Claude Shannon: information theory, computer age, deskilling, Donald Knuth, Firefox, Frederick Winslow Taylor, functional programming, future of work, Grace Hopper, informal economy, information retrieval, interchangeable parts, Isaac Newton, Jacquard loom, job satisfaction, John von Neumann, knowledge worker, Larry Ellison, loose coupling, machine readable, new economy, no silver bullet, Norbert Wiener, pattern recognition, performance metric, Philip Mirowski, post-industrial society, Productivity paradox, RAND corporation, Robert Gordon, scientific management, Shoshana Zuboff, sorting algorithm, Steve Jobs, Steven Levy, systems thinking, tacit knowledge, technological determinism, the market place, The Theory of the Leisure Class by Thorstein Veblen, Thomas Kuhn: the structure of scientific revolutions, Thorstein Veblen, Turing machine, Von Neumann architecture, world market for maybe five computers, Y2K

By this point the rhetoric of crisis had become so commonplace in the computer industry literature that for many young programmers the software crisis was “less a turning point than a way of life.”16 This comes back to some of the central questions of this book: How can we explain the continued existence of a seemingly perpetual crisis in what is generally considered to be one of the most successful and profitable industries of all time? How can we understand the role of computer specialists—in many respects the paradigmatic “knowledge workers” of post-industrial society—within this troubled framework of crisis, conflict, and contested identity? If, as Shoshona Zuboff has suggested, computer-based technologies are not simply neutral artifacts, but rather “embody essential characteristics that are bound to alter the nature of work within factories and offices, and among workers, professionals, and managers,” then what are the “essential characteristics” of software and software development that shape our understanding of work, identity, and power in the information technology industry (and the many industries that rely on information technology)?

Greenbaum followed Kraft’s conclusions and methodology closely in her book In the Name of Efficiency: Management Theory and Shopfloor Practice in Data-Processing Work in 1979. More recently, she has defended their application of the Braverman deskilling hypothesis: “If we strip away the spin words used today like ‘knowledge’ worker, ‘flexible’ work, and ‘high tech’ work, and if we insert the word ‘information system’ for ‘machinery,’ we are still talking about management attempts to control and coordinate labor processes.”30 There is validity to both interpretations of the changing attitude of managers toward programmers that occurred in the late 1960s.


pages: 141 words: 40,979

The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments by Pat Dorsey

Airbus A320, barriers to entry, book value, business process, call centre, carbon tax, creative destruction, credit crunch, discounted cash flows, intangible asset, John Bogle, knowledge worker, late fees, low cost airline, Network effects, pets.com, price anchoring, risk tolerance, risk/return, rolodex, search costs, shareholder value, Stewart Brand

Word and Excel are similar. Even if a competitor showed up on the scene next week with a word processor or spreadsheet that was five times easier to use and half the price, it would have a hard time gaining traction in the market because Excel and Word have become (like it or not) the common language of knowledge workers around the world. In fact, there has been an Office competitor called “OpenOffice” on the market for several years, selling for a lot less than Excel and Word—it’s actually free, which is a tough price to beat. The word-processing and spreadsheet programs look and feel a lot like Word and Excel, and the files are (largely) compatible with their Microsoft analogs.


pages: 312 words: 93,504

Common Knowledge?: An Ethnography of Wikipedia by Dariusz Jemielniak

Andrew Keen, barriers to entry, Benevolent Dictator For Life (BDFL), citation needed, collaborative consumption, collaborative editing, commons-based peer production, conceptual framework, continuous integration, crowdsourcing, Debian, deskilling, digital Maoism, disinformation, en.wikipedia.org, Filter Bubble, Free Software Foundation, Gabriella Coleman, Google Glasses, Guido van Rossum, Hacker Ethic, hive mind, Internet Archive, invisible hand, Jaron Lanier, jimmy wales, job satisfaction, Julian Assange, knowledge economy, knowledge worker, Menlo Park, moral hazard, online collectivism, pirate software, RFC: Request For Comment, Richard Stallman, selection bias, Silicon Valley, Skype, slashdot, social software, Stewart Brand, the Cathedral and the Bazaar, The Hackers Conference, The Nature of the Firm, the strength of weak ties, The Wisdom of Crowds, transaction costs, Wayback Machine, WikiLeaks, wikimedia commons, Wikivoyage, Yochai Benkler, zero-sum game

Everybody on Wikipedia knows that this measure is flawed (in Wikipedia jargon, obsession with edit count is called “editcountitis”; see [[WP:Editcountitis]]), but in the absence of other quantified indicators, it is used nevertheless. Many editors routinely check the volume of edits of other editors (O’Neil, 2010). The situation resembles the amount of time spent at work as a measure of effectiveness of programmers and other knowledge workers: even though everybody agrees that it does not signify anything, many managers of software companies use it anyway since there is no better alternative (D. Jemielniak, 2009). Similarly, it creates pathologies, as organizational actors understand how the system works and act accordingly (for example, by working late to create a better impression).

Tamara Journal for Critical Organization Inquiry, 7(1), 20–36. Jemielniak, D. (2009). Time as symbolic currency in knowledge work. Information and Organization, 19, 277–293. Jemielniak, D. (2010). W obronie biurokracji. Master of Business Administration, 2(103), 72–79. Jemielniak, D. (2012). The new knowledge workers. Cheltenham, England: Edward Elgar. Jemielniak, D. (2013a). Netnografia, czyli etnografia wirtualna: Nowa forma badań etnograficznych. Prakseologia, 153, 97–115. Jemielniak, D. (2013b). Życie wirtualnych dzikich. Warsaw, Poland: Poltext. Jemielniak, D., & Gorbatai, A. (2012). Power and status on Wikipedia.


pages: 402 words: 126,835

The Job: The Future of Work in the Modern Era by Ellen Ruppel Shell

"Friedman doctrine" OR "shareholder theory", 3D printing, Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, AlphaGo, Amazon Mechanical Turk, basic income, Baxter: Rethink Robotics, big-box store, blue-collar work, Buckminster Fuller, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, company town, computer vision, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, data science, deskilling, digital divide, disruptive innovation, do what you love, Donald Trump, Downton Abbey, Elon Musk, emotional labour, Erik Brynjolfsson, factory automation, follow your passion, Frederick Winslow Taylor, future of work, game design, gamification, gentrification, glass ceiling, Glass-Steagall Act, hiring and firing, human-factors engineering, immigration reform, income inequality, independent contractor, industrial research laboratory, industrial robot, invisible hand, It's morning again in America, Jeff Bezos, Jessica Bruder, job automation, job satisfaction, John Elkington, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kickstarter, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, means of production, move fast and break things, new economy, Norbert Wiener, obamacare, offshore financial centre, Paul Samuelson, precariat, Quicken Loans, Ralph Waldo Emerson, risk tolerance, Robert Gordon, Robert Shiller, Rodney Brooks, Ronald Reagan, scientific management, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, Steve Jobs, stock buybacks, TED Talk, The Chicago School, The Theory of the Leisure Class by Thorstein Veblen, Thomas L Friedman, Thorstein Veblen, Tim Cook: Apple, Uber and Lyft, uber lyft, universal basic income, urban renewal, Wayback Machine, WeWork, white picket fence, working poor, workplace surveillance , Y Combinator, young professional, zero-sum game

As we’ve seen, this “Do now, think later” strategy is not exclusive to IT, but has become pervasive even in fields like journalism and medicine, where increasingly workers are judged not by the depth of their thinking and the weight of their judgment, but by their productivity, as measured by “content” in the case of journalists, and by “caseload” in the case of medical professionals. Many of these “knowledge workers” are left to wonder what real value they offer beyond corralling customers in service to their employers. Some organizations try to maximize productivity and encourage “disruptive” innovation by gathering workers in teams. But among the Finnish group’s most striking conclusions is that our faith in the power of teamwork may be misplaced.

Manufacturing is the largest contributor to spending on research and development in the United States, and the largest employer of engineers. And the manufacturing process is critical to the successful commercialization of scientific discoveries and technological innovation. The production process is—in its own right—a driver of innovation, and production workers are—in their own right—knowledge workers. In other words, invention and production are complementary processes, and sending production abroad risks cramping innovation at home. As economist Paul Samuelson once wryly observed: “Invention abroad that gives to [other countries] some of the comparative advantage that had belonged to the United States can induce for the United States permanent lost per capita real income.”


pages: 428 words: 121,717

Warnings by Richard A. Clarke

"Hurricane Katrina" Superdome, active measures, Albert Einstein, algorithmic trading, anti-communist, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, Bear Stearns, behavioural economics, Bernie Madoff, Black Monday: stock market crash in 1987, carbon tax, cognitive bias, collateralized debt obligation, complexity theory, corporate governance, CRISPR, cuban missile crisis, data acquisition, deep learning, DeepMind, discovery of penicillin, double helix, Elon Musk, failed state, financial thriller, fixed income, Flash crash, forensic accounting, friendly AI, Hacker News, Intergovernmental Panel on Climate Change (IPCC), Internet of things, James Watt: steam engine, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Maui Hawaii, megacity, Mikhail Gorbachev, money market fund, mouse model, Nate Silver, new economy, Nicholas Carr, Nick Bostrom, nuclear winter, OpenAI, pattern recognition, personalized medicine, phenotype, Ponzi scheme, Ray Kurzweil, Recombinant DNA, Richard Feynman, Richard Feynman: Challenger O-ring, risk tolerance, Ronald Reagan, Sam Altman, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, smart grid, statistical model, Stephen Hawking, Stuxnet, subprime mortgage crisis, tacit knowledge, technological singularity, The Future of Employment, the scientific method, The Signal and the Noise by Nate Silver, Tunguska event, uranium enrichment, Vernor Vinge, WarGames: Global Thermonuclear War, Watson beat the top human players on Jeopardy!, women in the workforce, Y2K

A 2013 Oxford University study claimed that 47 percent of all U.S. jobs are at high risk of being automated within twenty years.24 In addition to blue-collar jobs, the study suggests that an increasing number of knowledge workers will also be at risk. Ever-improving weak AI married with large bodies of data will obviate the need for stockbrokers, medical diagnosticians, information technology support staff, and travel agents. It suggests that even lawyers, doctors, and investment managers will soon find themselves competing and losing to weak-AI software that can more rapidly assess the relevant data and make decisions with “deep, specialized, and often tacit knowledge.”25 A 2013 McKinsey Global Institute study predicts that weak AI will depose 140 million full-time knowledge workers worldwide.26 The idea is certainly not new.


pages: 170 words: 46,126

The 1% Rule: How to Fall in Love With the Process and Achieve Your Wildest Dreams by Tommy Baker

Cal Newport, delayed gratification, deliberate practice, Elon Musk, Kaizen: continuous improvement, knowledge worker, Paradox of Choice, Parkinson's law, passive income, side hustle, solopreneur, Steve Jobs

When we feel we’re moving the needle forward in life, even a seemingly insignificant amount, we stay motivated. Progress keeps us inspired and on track. In 2011, Harvard Business Review (Amabile and Kramer, 2011) performed an extensive study on motivation in the workforce and what truly makes people tick. Researchers concluded: “Through exhaustive analysis of diaries kept by knowledge workers, we discovered the progress principle: Of all the things that can boost emotions, motivation, and perceptions during a workday, the single most important is making progress in meaningful work. And the more frequently people experience that sense of progress, the more likely they are to be creatively productive in the long run.


pages: 532 words: 139,706

Googled: The End of the World as We Know It by Ken Auletta

"World Economic Forum" Davos, 23andMe, AltaVista, An Inconvenient Truth, Andy Rubin, Anne Wojcicki, AOL-Time Warner, Apple's 1984 Super Bowl advert, Ben Horowitz, bioinformatics, Burning Man, carbon footprint, citizen journalism, Clayton Christensen, cloud computing, Colonization of Mars, commoditize, company town, corporate social responsibility, creative destruction, death of newspapers, digital rights, disintermediation, don't be evil, facts on the ground, Firefox, Frank Gehry, Google Earth, hypertext link, Innovator's Dilemma, Internet Archive, invention of the telephone, Jeff Bezos, jimmy wales, John Markoff, Kevin Kelly, knowledge worker, Larry Ellison, Long Term Capital Management, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Mary Meeker, Menlo Park, Network effects, new economy, Nicholas Carr, PageRank, Paul Buchheit, Peter Thiel, Ralph Waldo Emerson, Richard Feynman, Sand Hill Road, Saturday Night Live, semantic web, sharing economy, Sheryl Sandberg, Silicon Valley, Skype, slashdot, social graph, spectrum auction, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, strikebreaker, Susan Wojcicki, systems thinking, telemarketer, the Cathedral and the Bazaar, the long tail, the scientific method, The Wisdom of Crowds, Tipper Gore, Upton Sinclair, vertical integration, X Prize, yield management, zero-sum game

And that data eventually becomes a crutch for every decision, paralyzing the company and preventing it from making any daring design decisions.” Google honors its engineers as creators, treating them the way the legendary management consultant Peter Drucker suggested a half century ago that companies should treat “knowledge workers,” said Hal R. Varian, Google’s chief economist. But an engineering-dominated culture has drawbacks. “In some ways, they have not done enough to communicate what they are doing internally or externally,” said Paul Buchheit, Google’s twenty-third employee, the one who coined their “Don’t be evil” motto and who left with three other Googlers to launch a social network, FriendFeed, in 2006.

Fortune, May 26, 2008, and confirmed by Google. 18 conveys a sense of freedom: author interview with Krishna Bharat, September 12, 2007. 18 Burning Man’s ten stated principles: Burning Man Web site. 18 “Google is a cross”: author interview with Peter Norvig, August 21, 2007. 18 She described the culture as “flat”: author interview with Stacy Savides Sullivan, August 21, 2007. 19 the best U.S. company to work for: Fortune, January 2008. 19 salaries are modest: SEC 14-A filing, March 24, 2009. 19 stock option grants: Google 10-K filed with the SEC for the fiscal year ending December 31, 2008. 19 more applicants are accepted by Harvard... packet about each: author interviews with Lazslo Bock, August 22, 2007, Leesa Gidaro, September 12, 2007, and David Drummond, March 25, 2008, and Google orientation for new employees, October 8, 2007, attended by author. 20 consisted of 130 people: author interview with David Krane, August 22, 2007. 20 a total of eight hours of his time: author interview with a senior executive at Google. 20 a blog explaining why he left: “Why Designer Doug Bowman Quit Google,” Google Blogoscope, March 21, 2009. 20 “knowledge workers”: author interview with Hal Varian, March 28, 2008. 20 “In some ways”: author interview with Paul Buchheit, June 9, 2008. 21 user experience matters most: author interview with Matt Cutts, August 20, 2007. 21 “church/state wall”: author interview with Larry Page, March 25, 2008. 21 four thousand dollars a day: Jason Calacanis blog from AdSense, July 28, 2008. 21 one thousand employees have received this subsidy: supplied to the author by Google. 22 “moral force”: author interview with Eric Schmidt, June 11, 2008. 22 “great values”: author interview with Al Gore, June 10, 2008. 23 “How can you”: author interview with Eric Schmidt, September 12, 2007. 23 Winograd . . . recounted a discussion at a TGIF: author interview with Dr.


pages: 464 words: 127,283

Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia by Anthony M. Townsend

1960s counterculture, 4chan, A Pattern Language, Adam Curtis, air gap, Airbnb, Amazon Web Services, anti-communist, Apple II, Bay Area Rapid Transit, Big Tech, bike sharing, Boeing 747, Burning Man, business process, call centre, carbon footprint, charter city, chief data officer, clean tech, clean water, cloud computing, company town, computer age, congestion charging, congestion pricing, connected car, crack epidemic, crowdsourcing, DARPA: Urban Challenge, data acquisition, Deng Xiaoping, digital divide, digital map, Donald Davies, East Village, Edward Glaeser, Evgeny Morozov, food desert, game design, garden city movement, General Motors Futurama, gentrification, Geoffrey West, Santa Fe Institute, George Gilder, ghettoisation, global supply chain, Grace Hopper, Haight Ashbury, Hedy Lamarr / George Antheil, Herman Kahn, hive mind, Howard Rheingold, interchangeable parts, Internet Archive, Internet of things, Jacquard loom, Jane Jacobs, Jevons paradox, jitney, John Snow's cholera map, Joi Ito, Khan Academy, Kibera, Kickstarter, knowledge worker, Lewis Mumford, load shedding, lolcat, M-Pesa, machine readable, Mark Zuckerberg, megacity, megaproject, messenger bag, mobile money, mutually assured destruction, new economy, New Urbanism, Norbert Wiener, Occupy movement, off grid, One Laptop per Child (OLPC), openstreetmap, packet switching, PalmPilot, Panopticon Jeremy Bentham, Parag Khanna, patent troll, Pearl River Delta, place-making, planetary scale, popular electronics, power law, RFC: Request For Comment, RFID, ride hailing / ride sharing, Robert Gordon, scientific management, self-driving car, sharing economy, Shenzhen special economic zone , Silicon Valley, SimCity, Skype, smart cities, smart grid, smart meter, social graph, social software, social web, SpaceShipOne, special economic zone, Steve Jobs, Steve Wozniak, Stuxnet, supply-chain management, technoutopianism, Ted Kaczynski, telepresence, The Death and Life of Great American Cities, too big to fail, trade route, Twitter Arab Spring, Tyler Cowen, Tyler Cowen: Great Stagnation, undersea cable, Upton Sinclair, uranium enrichment, urban decay, urban planning, urban renewal, Vannevar Bush, working poor, working-age population, X Prize, Y2K, zero day, Zipcar

Starting with an analysis of risk factors, a piece of software could prioritize each day’s inspections instead of just working through a sequential list of addresses on some rigid calendar. Then, during the actual inspection, another analysis would point out the most likely trouble spots that needed scrutiny by the inspector’s expert eye. Goldsmith wanted to turn city workers from automatons into knowledge workers. The stated goal of this approach was an increase in productivity and effectiveness. But as with his privatization efforts in Indianapolis, it was also a Trojan horse for an assault on the city’s powerful labor unions. Fully implemented, Goldsmith’s reforms would make redundant an entire swath of middle managers, the supervisors and dispatchers who jockeyed line workers through their daily procedural paces.

He understood that it is nothing more than a diagnostic tool: “A single data point that does not tell you that a house is going to fall into blight but [the index could signal] that there is a higher than normal probability that it will be in disrepair.”33 The data could then be used as an input when allocating revitalization funds or directing social workers to trouble spots. It was a strategy cut from the same cloth as Goldsmith’s vision for transforming bureaucrats and civil servants into knowledge workers, but without the union busting. As a triage tool for stretching scarce city resources, it’s hard to argue against this kind of data-driven management. But as data becomes more central to how we measure government performance, it can create perverse incentives. One of the largest and longest-running data-driven management systems of any American city is the New York City Police Department’s CompStat program.


pages: 172 words: 50,777

The Nowhere Office: Reinventing Work and the Workplace of the Future by Julia Hobsbawm

8-hour work day, Airbnb, augmented reality, Bertrand Russell: In Praise of Idleness, Black Lives Matter, blockchain, Cal Newport, call centre, Cass Sunstein, collective bargaining, coronavirus, corporate governance, corporate social responsibility, COVID-19, David Graeber, death from overwork, Diane Coyle, digital capitalism, digital nomad, driverless car, emotional labour, future of work, George Floyd, gig economy, glass ceiling, global pandemic, Google Hangouts, Greensill Capital, job satisfaction, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, lockdown, Mark Zuckerberg, Martin Wolf, means of production, megacity, Neal Stephenson, Ocado, pensions crisis, remote working, San Francisco homelessness, Second Machine Age, shareholder value, Sheryl Sandberg, Silicon Valley, Skype, Snow Crash, social distancing, solopreneur, Steve Jobs, systems thinking, TED Talk, The Great Resignation, the long tail, the strength of weak ties, TikTok, Tim Cook: Apple, Upton Sinclair, WeWork, work culture

Dave Eisenberg, the property analyst, says that the benefits of not commuting and remote working may be outweighed by the unique asset of a non-home environment from which to work: In relative terms of the cost of people, especially highly paid, talented people, the cost of real estate is so small that I would rather actually spend more money on the office environment to make it more of an amenity, where we have great food that’s provided or we have great exercise facilities, or even great air and we have certainly the collegial components of getting people together. We’re just going to make the office better than it was. Elsbeth Johnson, one of the key thinkers on organisational behaviour at MIT and the author of Step Up, Step Back, told me: During the pandemic a lot of my knowledge-worker clients wanted to go back to the office and be together. Why? Simple: they missed being with each other and doing the work that really can only be done face to face. There were a number of drivers behind this. First and foremost, these people really like the work they do and the firm they work for.


pages: 215 words: 56,215

The Second Intelligent Species: How Humans Will Become as Irrelevant as Cockroaches by Marshall Brain

Amazon Web Services, basic income, clean water, cloud computing, computer vision, digital map, driverless car, en.wikipedia.org, full employment, Garrett Hardin, income inequality, job automation, knowledge worker, low earth orbit, mutually assured destruction, Neil Armstrong, Occupy movement, ocean acidification, Search for Extraterrestrial Intelligence, self-driving car, Stephen Hawking, Tragedy of the Commons, working poor

All of the shops selling paper maps lose that source of revenue and lay off hundreds of workers. The demand for paper, ink, printing presses and fork lifts goes down, so jobs are lost there too. And there is far less shipping involved. Yes, a jobs do get created at tiny iPad app companies. These are the knowledge worker jobs, primarily for computer programmers. None of the people who used to run presses, forklifts, cutters, trucks or shops will ever be writing code for apps, and the compression rate is 10 to 1 or more. In other words, something like 10 jobs are lost for every new job created. That same kind of job compression is happening through so many sectors right now - newspapers, magazines, books, etc.


pages: 223 words: 52,808

Intertwingled: The Work and Influence of Ted Nelson (History of Computing) by Douglas R. Dechow

3D printing, Apple II, Bill Duvall, Brewster Kahle, Buckminster Fuller, Claude Shannon: information theory, cognitive dissonance, computer age, Computer Lib, conceptual framework, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Snowden, game design, HyperCard, hypertext link, Ian Bogost, information retrieval, Internet Archive, Ivan Sutherland, Jaron Lanier, knowledge worker, linked data, Marc Andreessen, Marshall McLuhan, Menlo Park, Mother of all demos, pre–internet, Project Xanadu, RAND corporation, semantic web, Silicon Valley, software studies, Steve Jobs, Steve Wozniak, Stewart Brand, Ted Nelson, TED Talk, The Home Computer Revolution, the medium is the message, Vannevar Bush, Wall-E, Whole Earth Catalog

Thus, mechanisms for finding and transcluding material need to be efficient, as generally speaking whatever is inefficient is done much less often and therefore is not as valuable in practice as it sounds in theory. A recommendation: the more developers might collaborate to create common models of transclusion, as opposed to the endless one-upmanship now practiced—the more transclusion can come out of the closet, and be seen as a core capability that helps all knowledge workers lift their game across all their work, creating greater value for their organizations and clients. Open Access This chapter is distributed under the terms of the Creative Commons Attribution Noncommercial License, which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.


pages: 209 words: 53,175

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

airport security, Amazon Web Services, Bernie Madoff, book value, business cycle, computer age, Cornelius Vanderbilt, coronavirus, discounted cash flows, diversification, diversified portfolio, do what you love, Donald Trump, financial engineering, financial independence, Hans Rosling, Hyman Minsky, income inequality, index fund, invisible hand, Isaac Newton, It's morning again in America, Jeff Bezos, Jim Simons, John Bogle, Joseph Schumpeter, knowledge worker, labor-force participation, Long Term Capital Management, low interest rates, margin call, Mark Zuckerberg, new economy, Paul Graham, payday loans, Ponzi scheme, quantitative easing, Renaissance Technologies, Richard Feynman, risk tolerance, risk-adjusted returns, Robert Gordon, Robert Shiller, Ronald Reagan, side hustle, Stephen Hawking, Steven Levy, stocks for the long run, tech worker, the scientific method, traffic fines, Vanguard fund, WeWork, working-age population

But it feels like you’re working 24/7. Derek Thompson of The Atlantic once described it like this: If the operating equipment of the 21st century is a portable device, this means the modern factory is not a place at all. It is the day itself. The computer age has liberated the tools of productivity from the office. Most knowledge workers, whose laptops and smartphones are portable all-purpose media-making machines, can theoretically be as productive at 2 p.m. in the main office as at 2 a.m. in a Tokyo WeWork or at midnight on the couch.²⁹ Compared to generations prior, control over your time has diminished. And since controlling your time is such a key happiness influencer, we shouldn’t be surprised that people don’t feel much happier even though we are, on average, richer than ever.


pages: 527 words: 147,690

Terms of Service: Social Media and the Price of Constant Connection by Jacob Silverman

"World Economic Forum" Davos, 23andMe, 4chan, A Declaration of the Independence of Cyberspace, Aaron Swartz, Airbnb, airport security, Amazon Mechanical Turk, augmented reality, basic income, Big Tech, Brian Krebs, California gold rush, Californian Ideology, call centre, cloud computing, cognitive dissonance, commoditize, company town, context collapse, correlation does not imply causation, Credit Default Swap, crowdsourcing, data science, deep learning, digital capitalism, disinformation, don't be evil, driverless car, drone strike, Edward Snowden, Evgeny Morozov, fake it until you make it, feminist movement, Filter Bubble, Firefox, Flash crash, game design, global village, Google Chrome, Google Glasses, Higgs boson, hive mind, Ian Bogost, income inequality, independent contractor, informal economy, information retrieval, Internet of things, Jacob Silverman, Jaron Lanier, jimmy wales, John Perry Barlow, Kevin Kelly, Kevin Roose, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, late capitalism, Laura Poitras, license plate recognition, life extension, lifelogging, lock screen, Lyft, machine readable, Mark Zuckerberg, Mars Rover, Marshall McLuhan, mass incarceration, meta-analysis, Minecraft, move fast and break things, national security letter, Network effects, new economy, Nicholas Carr, Occupy movement, off-the-grid, optical character recognition, payday loans, Peter Thiel, planned obsolescence, postindustrial economy, prediction markets, pre–internet, price discrimination, price stability, profit motive, quantitative hedge fund, race to the bottom, Ray Kurzweil, real-name policy, recommendation engine, rent control, rent stabilization, RFID, ride hailing / ride sharing, Salesforce, self-driving car, sentiment analysis, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Snapchat, social bookmarking, social graph, social intelligence, social web, sorting algorithm, Steve Ballmer, Steve Jobs, Steven Levy, systems thinking, TaskRabbit, technological determinism, technological solutionism, technoutopianism, TED Talk, telemarketer, transportation-network company, Travis Kalanick, Turing test, Uber and Lyft, Uber for X, uber lyft, universal basic income, unpaid internship, women in the workforce, Y Combinator, yottabyte, you are the product, Zipcar

He was respected as a climate change expert and had 37,000 Twitter followers, and he loved being able to turn to them for conversation, to answer questions, or just idle chatter: “It was like this really erudite, diverse cocktail party that was always going on and that I could always wander into and just get into a chat.” But still the routine, the never-ending labor of the contemporary knowledge worker, got to him. After almost ten years of this, he wasn’t sure how much more he could handle. Part of that was the onslaught of information with which he had to deal. “There’s so much coming in all the time,” he said. “By the time I got to my computer, there’s this mass of stuff waiting.” He’d dispatch that in time, but this kind of informational busywork—e-mail, social media, keeping up with mailing lists and news sources, talking with his colleagues—would crop up constantly throughout the day.

My situation differs from Roberts’s in a few particulars, but as a freelance journalist, one who theoretically could always be working, finding new assignments, searching for stories, tracking invoices, or simply building up social capital and connections on social media, it can seem as if there is no distinction between work and not-work. There is always more information to consume, more work to be done, more pitches to write, or colleagues’ work to catch up on. Especially when one’s income is variable and contingent, it seems that the knowledge worker’s job is never done. More challenging is the sense of guilt and nagging anxiety that can come with putting the devices away and trying to carve out time to be alone or with friends. Like Roberts’s wife, my partner works mostly conventional hours at an office. When she comes home, we want to see each other, compare notes on the day, clean up, cook, read together, watch The X-Files—all those shared tasks and felicities that constitute domestic life.


pages: 187 words: 55,801

The New Division of Labor: How Computers Are Creating the Next Job Market by Frank Levy, Richard J. Murnane

Atul Gawande, business cycle, call centre, computer age, Computer Numeric Control, correlation does not imply causation, David Ricardo: comparative advantage, deskilling, digital divide, Frank Levy and Richard Murnane: The New Division of Labor, Gunnar Myrdal, hypertext link, index card, information asymmetry, job automation, knowledge economy, knowledge worker, low skilled workers, low-wage service sector, PalmPilot, pattern recognition, profit motive, Robert Shiller, Ronald Reagan, Salesforce, speech recognition, tacit knowledge, talking drums, telemarketer, The Wealth of Nations by Adam Smith, working poor

Peter Drucker, the management theorist, has been an enthusiastic member of the first school. In Drucker’s mind, computerization subsumes routine work, and so the real danger is a shortage of trained managers to direct what computers should do. Writer Jeremy Rifkin is a member of the second school. In The End of Work, Rifkin argues that the economy’s requirements for high-level knowledge workers can never compensate for the number of jobs computers will eliminate. The result will be a large concentration of workers in low-level dead-end jobs. Apparent support for this prediction comes from the U.S. Bureau of Labor Statistics, which projects that food preparation and serving workers—a low-paying occupation requiring little training—will gain more jobs in the decade from 2000 to 2010 than any other occupation.8 In his 1960 essay Herbert Simon made a set of predictions about the job mix in a typical corporation in 1985.


pages: 523 words: 61,179

Human + Machine: Reimagining Work in the Age of AI by Paul R. Daugherty, H. James Wilson

3D printing, AI winter, algorithmic management, algorithmic trading, AlphaGo, Amazon Mechanical Turk, Amazon Robotics, augmented reality, autonomous vehicles, blockchain, business process, call centre, carbon footprint, circular economy, cloud computing, computer vision, correlation does not imply causation, crowdsourcing, data science, deep learning, DeepMind, digital twin, disintermediation, Douglas Hofstadter, driverless car, en.wikipedia.org, Erik Brynjolfsson, fail fast, friendly AI, fulfillment center, future of work, Geoffrey Hinton, Hans Moravec, industrial robot, Internet of things, inventory management, iterative process, Jeff Bezos, job automation, job satisfaction, knowledge worker, Lyft, machine translation, Marc Benioff, natural language processing, Neal Stephenson, personalized medicine, precision agriculture, Ray Kurzweil, recommendation engine, RFID, ride hailing / ride sharing, risk tolerance, robotic process automation, Rodney Brooks, Salesforce, Second Machine Age, self-driving car, sensor fusion, sentiment analysis, Shoshana Zuboff, Silicon Valley, Snow Crash, software as a service, speech recognition, tacit knowledge, telepresence, telepresence robot, text mining, the scientific method, uber lyft, warehouse automation, warehouse robotics

Shivon Zilis, investor at Bloomberg Beta writes in a 2016 article: “Agents will make this possible, using a blend of learning algorithms and distributed labor to perform an ever-widening range of tasks at low cost. With help from these agents, we’ll be able to look as smart as those CEOs do today.” Zilis continues: “We’ll also become more productive. Most knowledge workers spend less than half their time doing things they’re really good at (i.e., what they’ve been hired to do). The rest is spent doing research, arranging meetings, coordinating with other people, and performing other minutia of office life. These tasks could easily be done just as well by a machine or intelligent service.”14 Myriad bots are available to help people become better at their work.


pages: 196 words: 61,981

Blockchain Chicken Farm: And Other Stories of Tech in China's Countryside by Xiaowei Wang

4chan, AI winter, Amazon Web Services, artificial general intelligence, autonomous vehicles, back-to-the-land, basic income, Big Tech, bitcoin, blockchain, business cycle, cloud computing, Community Supported Agriculture, computer vision, COVID-19, cryptocurrency, data science, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, Donald Trump, drop ship, emotional labour, Ethereum, ethereum blockchain, Francis Fukuyama: the end of history, Garrett Hardin, gig economy, global pandemic, Great Leap Forward, high-speed rail, Huaqiangbei: the electronics market of Shenzhen, China, hype cycle, income inequality, informal economy, information asymmetry, Internet Archive, Internet of things, job automation, Kaizen: continuous improvement, Kickstarter, knowledge worker, land reform, Marc Andreessen, Mark Zuckerberg, Menlo Park, multilevel marketing, One Laptop per Child (OLPC), Pearl River Delta, peer-to-peer lending, precision agriculture, QR code, ride hailing / ride sharing, risk tolerance, Salesforce, Satoshi Nakamoto, scientific management, self-driving car, Silicon Valley, Snapchat, SoftBank, software is eating the world, surveillance capitalism, TaskRabbit, tech worker, technological solutionism, the long tail, TikTok, Tragedy of the Commons, universal basic income, vertical integration, Vision Fund, WeWork, Y Combinator, zoonotic diseases

The sociopolitical upheaval in China after the Great Leap Forward and the wild uncertainty of the current U.S. political climate both stand as lessons to China’s current lawmakers: agrarian transition is enormously tricky and the consequences are huge, especially in an era of global agricultural trade. Although China harbors dreams of becoming an AI superpower, the question of the countryside will have to be resolved in order for China to garner enough knowledge workers. China has one of the largest rates of income inequality in the world, due to the rural-urban income gap. Rural migrants work for little pay in cities but are unable to actually stay in urban areas. Yet hukou system reform is beginning, although there are new signs that rural hukou holders are less enthusiastic about switching to urban hukous.5 China’s land reform has continued by allowing farmers to lease out their land or transfer land rights to another, enabling an extra source of income.


pages: 201 words: 60,431

Long Game: How Long-Term Thinker Shorthb by Dorie Clark

3D printing, autonomous vehicles, Big Tech, Blue Ocean Strategy, buy low sell high, cognitive load, corporate social responsibility, COVID-19, crowdsourcing, delayed gratification, digital nomad, driverless car, Elon Musk, fail fast, Google X / Alphabet X, hedonic treadmill, Jeff Bezos, knowledge worker, lake wobegon effect, Lean Startup, lockdown, minimum viable product, passive income, pre–internet, rolodex, self-driving car, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, solopreneur, Stanford marshmallow experiment, Steven Levy, the strength of weak ties, Walter Mischel, zero-sum game

In fact, in a study of senior leaders by the Management Research Group,1 97% identified strategic thinking—the ability to focus deliberately on long-term priorities—as key to their organization’s success. But something’s getting in the way. In a separate study,2 almost the exact same percentage of respondents—96%—claimed they don’t have enough time to do long-term strategic thinking. Really? There’s no question that professionals today are busy. A McKinsey study shows knowledge workers spend a full 28% of their time processing email,3 and a separate study by the Atlassian Group says that professionals attend an average of sixty-two meetings per month4—which sounds like a shocking number, until you realize it breaks down to about two or three meetings per workday. That’s not unusual; that’s just Tuesday.


pages: 561 words: 157,589

WTF?: What's the Future and Why It's Up to Us by Tim O'Reilly

"Friedman doctrine" OR "shareholder theory", 4chan, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Alvin Roth, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, barriers to entry, basic income, behavioural economics, benefit corporation, Bernie Madoff, Bernie Sanders, Bill Joy: nanobots, bitcoin, Blitzscaling, blockchain, book value, Bretton Woods, Brewster Kahle, British Empire, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Carl Icahn, Chuck Templeton: OpenTable:, Clayton Christensen, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, commoditize, computer vision, congestion pricing, corporate governance, corporate raider, creative destruction, CRISPR, crowdsourcing, Danny Hillis, data acquisition, data science, deep learning, DeepMind, Demis Hassabis, Dennis Ritchie, deskilling, DevOps, Didi Chuxing, digital capitalism, disinformation, do well by doing good, Donald Davies, Donald Trump, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, Filter Bubble, Firefox, Flash crash, Free Software Foundation, fulfillment center, full employment, future of work, George Akerlof, gig economy, glass ceiling, Glass-Steagall Act, Goodhart's law, Google Glasses, Gordon Gekko, gravity well, greed is good, Greyball, Guido van Rossum, High speed trading, hiring and firing, Home mortgage interest deduction, Hyperloop, income inequality, independent contractor, index fund, informal economy, information asymmetry, Internet Archive, Internet of things, invention of movable type, invisible hand, iterative process, Jaron Lanier, Jeff Bezos, jitney, job automation, job satisfaction, John Bogle, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Zimmer (Lyft cofounder), Kaizen: continuous improvement, Ken Thompson, Kevin Kelly, Khan Academy, Kickstarter, Kim Stanley Robinson, knowledge worker, Kodak vs Instagram, Lao Tzu, Larry Ellison, Larry Wall, Lean Startup, Leonard Kleinrock, Lyft, machine readable, machine translation, Marc Andreessen, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, McMansion, microbiome, microservices, minimum viable product, mortgage tax deduction, move fast and break things, Network effects, new economy, Nicholas Carr, Nick Bostrom, obamacare, Oculus Rift, OpenAI, OSI model, Overton Window, packet switching, PageRank, pattern recognition, Paul Buchheit, peer-to-peer, peer-to-peer model, Ponzi scheme, post-truth, race to the bottom, Ralph Nader, randomized controlled trial, RFC: Request For Comment, Richard Feynman, Richard Stallman, ride hailing / ride sharing, Robert Gordon, Robert Metcalfe, Ronald Coase, Rutger Bregman, Salesforce, Sam Altman, school choice, Second Machine Age, secular stagnation, self-driving car, SETI@home, shareholder value, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart contracts, Snapchat, Social Responsibility of Business Is to Increase Its Profits, social web, software as a service, software patent, spectrum auction, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, stock buybacks, strong AI, synthetic biology, TaskRabbit, telepresence, the built environment, the Cathedral and the Bazaar, The future is already here, The Future of Employment, the map is not the territory, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Fadell, Tragedy of the Commons, transaction costs, transcontinental railway, transportation-network company, Travis Kalanick, trickle-down economics, two-pizza team, Uber and Lyft, Uber for X, uber lyft, ubercab, universal basic income, US Airways Flight 1549, VA Linux, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, yellow journalism, zero-sum game, Zipcar

It is fundamentally an open-ended network in which filtering and curation (known in other contexts as “management”) happens largely after the fact. But that’s not all. While large physical retailers cut costs by eliminating knowledgeable workers, using lower prices and greater selection to hedge against worse customer service (compare an old-time hardware store with a chain like Home Depot or Lowe’s), online retailers did not make these same trade-offs. Instead of just eliminating knowledgeable workers, they replaced and augmented them with software. Even though there are several orders of magnitude more products on Amazon than in physical stores, you don’t need a salesperson to help you find the right product—a search engine helps you find it.


pages: 598 words: 172,137

Who Stole the American Dream? by Hedrick Smith

Affordable Care Act / Obamacare, Airbus A320, airline deregulation, Alan Greenspan, anti-communist, asset allocation, banking crisis, Bear Stearns, Boeing 747, Bonfire of the Vanities, British Empire, business cycle, business process, clean water, cloud computing, collateralized debt obligation, collective bargaining, commoditize, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, David Brooks, Deng Xiaoping, desegregation, Double Irish / Dutch Sandwich, family office, financial engineering, Ford Model T, full employment, Glass-Steagall Act, global supply chain, Gordon Gekko, guest worker program, guns versus butter model, high-speed rail, hiring and firing, housing crisis, Howard Zinn, income inequality, independent contractor, index fund, industrial cluster, informal economy, invisible hand, John Bogle, Joseph Schumpeter, junk bonds, Kenneth Rogoff, Kitchen Debate, knowledge economy, knowledge worker, laissez-faire capitalism, Larry Ellison, late fees, Long Term Capital Management, low cost airline, low interest rates, manufacturing employment, market fundamentalism, Maui Hawaii, mega-rich, Michael Shellenberger, military-industrial complex, MITM: man-in-the-middle, mortgage debt, negative equity, new economy, Occupy movement, Own Your Own Home, Paul Samuelson, Peter Thiel, Plutonomy: Buying Luxury, Explaining Global Imbalances, Ponzi scheme, Powell Memorandum, proprietary trading, Ralph Nader, RAND corporation, Renaissance Technologies, reshoring, rising living standards, Robert Bork, Robert Shiller, rolodex, Ronald Reagan, Savings and loan crisis, shareholder value, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Solyndra, Steve Jobs, stock buybacks, tech worker, Ted Nordhaus, The Chicago School, The Spirit Level, too big to fail, transaction costs, transcontinental railway, union organizing, Unsafe at Any Speed, Vanguard fund, We are the 99%, women in the workforce, working poor, Y2K

Free trade economist Jagdish Bhagwati forecast that “in the end, Americans’ increasing dependence on an ever-widening array of technology will create a flood of high-paying jobs….” The older generation coached Generation X to stake its future on becoming engineers, computer programmers, and systems architects—an irreplaceable army of “knowledge workers”—because knowledge economy expertise would protect them from low-cost Asian competitors. The dawning of the digital era, its enthusiasts asserted, was altering the global balance of economic power back in our favor. “You could think of it as brain power vs. muscle power,” said Harvard economist Richard B.

In 2009, the industry lobbying group TechAmerica reported that while the industry cut 245,600 U.S. jobs, it added more than 100,000 H-1B visa workers. Syntel: Grad Student to Billionaire Once again, the driving force behind the wave of imported IT workers on H-1B visas was the aggressive coterie of Indian offshoring firms, Infosys, Wipro, Satyam, and Tata. They have recruited tens of thousands of Indian knowledge workers at home and sent them into America. Other so-called body shops or multinational temp agencies, some owned by Americans, have copied the Indian strategy. But the four Indian firms have dominated the field. During the recession, from 2007 to 2009, four of the five largest users of H-1B visas were Indian firms—Tata, Infosys, Wipro, and Satyam—each receiving several times more visas than American giants such as Microsoft and Cisco, according to Ron Hira of Rochester Institute of Technology, who has frequently testified to Congress on offshoring issues.


pages: 391 words: 71,600

Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone by Satya Nadella, Greg Shaw, Jill Tracie Nichols

3D printing, AlphaGo, Amazon Web Services, anti-globalists, artificial general intelligence, augmented reality, autonomous vehicles, basic income, Bretton Woods, business process, cashless society, charter city, cloud computing, complexity theory, computer age, computer vision, corporate social responsibility, crowdsourcing, data science, DeepMind, Deng Xiaoping, Donald Trump, Douglas Engelbart, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, equal pay for equal work, everywhere but in the productivity statistics, fault tolerance, fulfillment center, Gini coefficient, global supply chain, Google Glasses, Grace Hopper, growth hacking, hype cycle, industrial robot, Internet of things, Jeff Bezos, job automation, John Markoff, John von Neumann, knowledge worker, late capitalism, Mars Rover, Minecraft, Mother of all demos, Neal Stephenson, NP-complete, Oculus Rift, pattern recognition, place-making, Richard Feynman, Robert Gordon, Robert Solow, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, side project, Silicon Valley, Skype, Snapchat, Snow Crash, special economic zone, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, subscription business, TED Talk, telepresence, telerobotics, The Rise and Fall of American Growth, The Soul of a New Machine, Tim Cook: Apple, trade liberalization, two-sided market, universal basic income, Wall-E, Watson beat the top human players on Jeopardy!, young professional, zero-sum game

In the face of these many coming shifts, there must be a new social contract that helps to achieve economic surplus and opportunity on a more equitable basis. To get there, what will the new labor movement look like? There has been talk of a Universal Basic Income. How will we re-skill and retrain workers—not just high-end knowledge workers, but also low-skill and mid-skill labor? Can the service sector and people-on-people jobs be the source of new employment for many displaced from traditional manufacturing or agricultural sectors? Finally, as leaders, what is our role? At the end of the day, leaders of any company are evaluated based on their ability to grow the business, to clear the way for innovations that inspire customers.


pages: 245 words: 64,288

Robots Will Steal Your Job, But That's OK: How to Survive the Economic Collapse and Be Happy by Pistono, Federico

3D printing, Albert Einstein, autonomous vehicles, bioinformatics, Buckminster Fuller, cloud computing, computer vision, correlation does not imply causation, en.wikipedia.org, epigenetics, Erik Brynjolfsson, Firefox, future of work, gamification, George Santayana, global village, Google Chrome, happiness index / gross national happiness, hedonic treadmill, illegal immigration, income inequality, information retrieval, Internet of things, invention of the printing press, Jeff Hawkins, jimmy wales, job automation, John Markoff, Kevin Kelly, Khan Academy, Kickstarter, Kiva Systems, knowledge worker, labor-force participation, Lao Tzu, Law of Accelerating Returns, life extension, Loebner Prize, longitudinal study, means of production, Narrative Science, natural language processing, new economy, Occupy movement, patent troll, pattern recognition, peak oil, post scarcity, QR code, quantum entanglement, race to the bottom, Ray Kurzweil, recommendation engine, RFID, Rodney Brooks, selection bias, self-driving car, seminal paper, slashdot, smart cities, software as a service, software is eating the world, speech recognition, Steven Pinker, strong AI, synthetic biology, technological singularity, TED Talk, Turing test, Vernor Vinge, warehouse automation, warehouse robotics, women in the workforce

In 1995 he published The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era8, where he predicted that worldwide unemployment would increase as information technology eliminates tens of millions of jobs in the manufacturing, agricultural, and service sectors. He traced the devastating impact of automation on blue-collar, retail and wholesale employees: “While a small elite of corporate managers and knowledge workers reap the benefits of the high-tech world economy, the American middle class continues to shrink and the workplace becomes ever more stressful”9. While he may have gotten some of the details wrong, the general outline is so spot-on that it seems almost prophetic. Over the past twenty years we have witnessed the gradual disappearance of the American middle class, with rising costs and lower income1011, while the wealthiest Americans have accumulated more wealth than ever before in history.


pages: 202 words: 64,725

Designing Your Life: How to Build a Well-Lived, Joyful Life by Bill Burnett, Dave Evans

David Brooks, fail fast, fear of failure, financial independence, game design, Haight Ashbury, impact investing, invention of the printing press, iterative process, knowledge worker, market design, off-the-grid, Paradox of Choice, science of happiness, Silicon Valley, Silicon Valley startup, Skype, social intelligence, Steve Jobs, TED Talk

Human beings, like all living things, need energy to live and to thrive. Men and women used to spend most of their daily energy on physical tasks. For most of human history, men and women were working at hunting and gathering, raising children, and raising crops, most of their time consumed with energy-intensive physical labor. Nowadays, many of us are knowledge workers, and we use our brains to do the heavy lifting. The brain is a very energy-hungry organ. Of the roughly two thousand calories we consume a day, five hundred go to running our brains. That’s astonishing: the brain represents only about 2 percent of our body weight, and yet it takes up 25 percent of the energy we consume every day.


pages: 235 words: 62,862

Utopia for Realists: The Case for a Universal Basic Income, Open Borders, and a 15-Hour Workweek by Rutger Bregman

"World Economic Forum" Davos, Alan Greenspan, autonomous vehicles, banking crisis, Bartolomé de las Casas, basic income, Berlin Wall, Bertrand Russell: In Praise of Idleness, Branko Milanovic, cognitive dissonance, computer age, conceptual framework, credit crunch, David Graeber, Diane Coyle, driverless car, Erik Brynjolfsson, everywhere but in the productivity statistics, Fall of the Berlin Wall, Ford Model T, Francis Fukuyama: the end of history, Frank Levy and Richard Murnane: The New Division of Labor, full employment, George Gilder, George Santayana, happiness index / gross national happiness, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, income inequality, invention of gunpowder, James Watt: steam engine, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, Kodak vs Instagram, low skilled workers, means of production, megacity, meta-analysis, microcredit, minimum wage unemployment, Mont Pelerin Society, Nathan Meyer Rothschild: antibiotics, Occupy movement, offshore financial centre, Paul Samuelson, Peter Thiel, post-industrial society, precariat, public intellectual, radical decentralization, RAND corporation, randomized controlled trial, Ray Kurzweil, Ronald Reagan, Rutger Bregman, Second Machine Age, Silicon Valley, Simon Kuznets, Skype, stem cell, Steven Pinker, TED Talk, telemarketer, The future is already here, The Future of Employment, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, wage slave, War on Poverty, We wanted flying cars, instead we got 140 characters, wikimedia commons, women in the workforce, working poor, World Values Survey

Imagine there was a single measure that could wipe out all poverty everywhere, raising everybody in Africa above our Western poverty line, and in the process put a few extra months’ salary in our pockets too. Just imagine. Would we take that measure? No. Of course not. After all, this measure has been around for years. It’s the best plan that never happened. I’m talking about open borders. Not just for bananas, derivatives, and iPhones, but for one and all – for knowledge workers, for refugees, and for ordinary people in search of greener pastures. Of course, we’ve all learned the hard way by now that economists are no fortune tellers (the economist John Kenneth Galbraith once quipped that the only purpose of economic forecasts is to give astrology a better image), but on this point their views are remarkably consistent.


pages: 232 words: 71,024

The Decline and Fall of IBM: End of an American Icon? by Robert X. Cringely

AltaVista, Bernie Madoff, business cycle, business process, Carl Icahn, cloud computing, commoditize, compound rate of return, corporate raider, financial engineering, full employment, Great Leap Forward, if you build it, they will come, immigration reform, interchangeable parts, invention of the telephone, Khan Academy, knowledge worker, low skilled workers, managed futures, Paul Graham, platform as a service, race to the bottom, remote working, Robert Metcalfe, Robert X Cringely, shareholder value, Silicon Valley, six sigma, software as a service, Steve Jobs, stock buybacks, tech worker, TED Talk, Toyota Production System, Watson beat the top human players on Jeopardy!, web application, work culture

They are completely disconnected from the day-to-day work of their people or the people themselves (they are often remote or sit in a different building), rarely seeing their people. Managers are just paper-pushers who implement the (often bad and short-sighted) policies that come down from above. Despite this, the company is *full* of extremely talented and knowledgeable workers (for the most part). So all hope is not lost, but their salvation would have to start with a radical change in management at all levels. And who would have to decide this? Management. Richard Steven Hack | May 05, 2007 | 5:32PM Lack of communication ‘deadly’ Richard Hack has almost hit the nail on the head.


Big Data at Work: Dispelling the Myths, Uncovering the Opportunities by Thomas H. Davenport

Automated Insights, autonomous vehicles, bioinformatics, business intelligence, business process, call centre, chief data officer, cloud computing, commoditize, data acquisition, data science, disruptive innovation, Edward Snowden, Erik Brynjolfsson, intermodal, Internet of things, Jeff Bezos, knowledge worker, lifelogging, Mark Zuckerberg, move fast and break things, Narrative Science, natural language processing, Netflix Prize, New Journalism, recommendation engine, RFID, self-driving car, sentiment analysis, Silicon Valley, smart grid, smart meter, social graph, sorting algorithm, statistical model, Tesla Model S, text mining, Thomas Davenport, three-martini lunch

Many vendors are moving to so-called “SQL on Hadoop” approaches, simply because SQL has been used in business for a couple of decades, and many people (and higher-level languages) know how to create SQL queries. This business view ensures that big data is more consumable by the tools and the knowledge workers that already exist in an organization. Chapter_05.indd 123 03/12/13 1:04 PM 124 big data @ work Applications In this layer, the results of big data processing are analyzed and ­displayed either by business users or by other systems using them to make automated decisions. As I noted earlier in this chapter, the analysis of big data is not so different from traditional data a­ nalysis, except that it is more likely to be done with machine learning (automated model fitting tools), faster processing tools like in-memory and high-­performance analytics environments, and visual analytics.


pages: 229 words: 68,426

Everyware: The Dawning Age of Ubiquitous Computing by Adam Greenfield

"Hurricane Katrina" Superdome, augmented reality, business process, Charles Babbage, defense in depth, demand response, demographic transition, facts on the ground, game design, Howard Rheingold, Internet of things, James Dyson, knowledge worker, late capitalism, machine readable, Marshall McLuhan, new economy, Norbert Wiener, packet switching, pattern recognition, profit motive, QR code, recommendation engine, RFID, seminal paper, Steve Jobs, technoutopianism, the built environment, the scientific method, value engineering

And while the intent wasn't to spy on such workers, it was readily apparent how the system could be abused, especially when the device responsible was so humble and so easy to forget about. Original sin came early to ubicomp. Want went on to join Mark Weiser's team at PARC (Palo Alto Research Center), where he contributed to foundational work on a range of networked devices called "tabs," "pads," and "boards." As with Active Badge, these were digital tools for freely roaming knowledge workers, built on a vocabulary of form universally familiar to anyone who's ever worked in an office: name tags, pads of paper, and erasable whiteboards, respectively.* * These form factors had been looming in the mass unconscious for a long time. PARC's "pad," in particular, seemed to owe a lot to the slablike media/communication devices used by astronauts Frank Poole and Dave Bowman in Stanley Kubrick's 1968 classic 2001: A Space Odyssey.


pages: 208 words: 67,582

What About Me?: The Struggle for Identity in a Market-Based Society by Paul Verhaeghe

"there is no alternative" (TINA), Alan Greenspan, autism spectrum disorder, Berlin Wall, call centre, capitalist realism, cognitive dissonance, deskilling, epigenetics, Fall of the Berlin Wall, Francis Fukuyama: the end of history, Gregor Mendel, income inequality, invisible hand, jimmy wales, job satisfaction, knowledge economy, knowledge worker, Louis Pasteur, market fundamentalism, meritocracy, Milgram experiment, mirror neurons, new economy, Panopticon Jeremy Bentham, post-industrial society, Richard Feynman, Silicon Valley, Stanford prison experiment, stem cell, The Spirit Level, ultimatum game, working poor

None of this must come as a revelation; yet, for 20 years now, neo-liberal ideology has been drummed into schoolchildren in the name of a ‘value-free’, competency-based education system. The jargon used is a good indicator. Policy documents are larded with terms such as ‘educational consumers’, ‘output-based financing’, ‘performance funding’, ‘accreditation’, ‘accountability’, ‘benchmarks’, ‘stakeholders’, ‘human capital’, and ‘knowledge workers’. The annual Dutch budget memorandum is a case in point. In the section devoted to education, the emphasis is on issues such as ‘excelling’, uncovering talent, and performance bonuses(!) for outstanding teachers. Teachers’ organisations have responded angrily, attacking the lack of a central vision of education and the narrow economic focus, and expressing fears that weak pupils will fall by the wayside.


pages: 272 words: 64,626

Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs by Andy Kessler

23andMe, Abraham Maslow, Alan Greenspan, Andy Kessler, bank run, barriers to entry, Bear Stearns, behavioural economics, Berlin Wall, Bob Noyce, bread and circuses, British Empire, business cycle, business process, California gold rush, carbon credits, carbon footprint, Cass Sunstein, cloud computing, collateralized debt obligation, collective bargaining, commoditize, computer age, Cornelius Vanderbilt, creative destruction, disintermediation, Douglas Engelbart, Dutch auction, Eugene Fama: efficient market hypothesis, fiat currency, Firefox, Fractional reserve banking, George Gilder, Gordon Gekko, greed is good, income inequality, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, Joseph Schumpeter, junk bonds, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, libertarian paternalism, low skilled workers, Mark Zuckerberg, McMansion, Michael Milken, Money creation, Netflix Prize, packet switching, personalized medicine, pets.com, prediction markets, pre–internet, profit motive, race to the bottom, Richard Thaler, risk tolerance, risk-adjusted returns, Silicon Valley, six sigma, Skype, social graph, Steve Jobs, The Wealth of Nations by Adam Smith, transcontinental railway, transfer pricing, vertical integration, wealth creators, Yogi Berra

Companies spent millions on factory gurus, Six-Sigma-smoking consultants from the 1950s all the way through the 1970s to help them squeeze gains out of workers. That’s what drove the stock market and wealth creation for several decades. That’s all fine in an Industrial Age when you can actually measure worker output in the form of widgets per day, cars off the line per hour, and the like. But in a service economy filled with knowledge workers flitting around trying to produce more, uh, banking or more insurance or more satisfaction at McDonald’s, the productivity game isn’t so easy. It’s hard to find ways to make workers more productive. Give’em a BlackBerry or something. Is that the way to create wealth? I doubt it. The trick is to look under the covers to find the new type of technology-bred capital stock—and figure out what all this technology is replacing.


Team Topologies: Organizing Business and Technology Teams for Fast Flow by Matthew Skelton, Manuel Pais

anti-pattern, business logic, business process, call centre, cognitive load, continuous integration, Conway's law, database schema, DevOps, different worldview, Dunbar number, holacracy, information security, Infrastructure as a Service, Internet of things, Jeff Bezos, Kanban, Kickstarter, knowledge worker, Kubernetes, Lean Startup, loose coupling, meta-analysis, microservices, Norbert Wiener, operational security, platform as a service, pull request, remote working, systems thinking, two-pizza team, web application

A stream-aligned team proactively and regularly reaches out to the supporting fundamental-topologies teams (complicated subsystem, enabling, and platform). Members of a stream-aligned team feel they have achieved or are in the path to achieving “autonomy, mastery, and purpose,” the three key components of engaged knowledge workers, according to Daniel Pink.7 (We will provide a more detailed view of how stream-aligned teams relate to the platform in Chapter 8.) Enabling Teams In the book Accelerate, Forsgren, Humble, and Kim tell us that high-performing teams are continuously improving their capabilities in order to stay ahead.


pages: 477 words: 75,408

The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace

"World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, AlphaGo, Alvin Toffler, Amazon Robotics, Andy Rubin, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, Boston Dynamics, bread and circuses, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, digital divide, Douglas Engelbart, Dr. Strangelove, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Flynn Effect, full employment, future of work, Future Shock, gender pay gap, Geoffrey Hinton, gig economy, Google Glasses, Google X / Alphabet X, Hans Moravec, Herman Kahn, hype cycle, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, Kiva Systems, knowledge worker, lifelogging, lump of labour, Lyft, machine translation, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, Neil Armstrong, new economy, Nick Bostrom, Occupy movement, Oculus Rift, OpenAI, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, SoftBank, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, TED Talk, The future is already here, The Future of Employment, Thomas Malthus, transaction costs, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, warehouse automation, warehouse robotics, working-age population, Y Combinator, young professional

Search We are strangely nostalgic about the future, and we are often disappointed that the present is not more like the future that was foretold when we were younger. 2015 was the 30th anniversary of the 1985 movie “Back to the Future”, and it was also the year to which the hero travels at the end of the story. Journalists and commentators complained about the failure of hoverboards and flying cars to arrive, as predicted in the film. We didn't get hoverboards, but we did get something even more significant. As recently as the late 20th century, knowledge workers could spend hours each day looking for information. Today, less than twenty years after Google was incorporated in 1998, we have something close to omniscience. At the press of a button or two, you can access pretty much any knowledge that humans have ever recorded. To our great-grandparents, this would surely have been more astonishing than flying cars.


pages: 274 words: 75,846

The Filter Bubble: What the Internet Is Hiding From You by Eli Pariser

A Declaration of the Independence of Cyberspace, A Pattern Language, adjacent possible, Amazon Web Services, An Inconvenient Truth, Apple Newton, augmented reality, back-to-the-land, Black Swan, borderless world, Build a better mousetrap, Cass Sunstein, citizen journalism, cloud computing, cognitive dissonance, crowdsourcing, Danny Hillis, data acquisition, disintermediation, don't be evil, Filter Bubble, Flash crash, fundamental attribution error, Gabriella Coleman, global village, Haight Ashbury, Internet of things, Isaac Newton, Jaron Lanier, Jeff Bezos, jimmy wales, John Perry Barlow, Kevin Kelly, knowledge worker, Mark Zuckerberg, Marshall McLuhan, megacity, Metcalfe’s law, Netflix Prize, new economy, PageRank, Paradox of Choice, Patri Friedman, paypal mafia, Peter Thiel, power law, recommendation engine, RFID, Robert Metcalfe, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, social graph, social software, social web, speech recognition, Startup school, statistical model, stem cell, Steve Jobs, Steven Levy, Stewart Brand, technoutopianism, Ted Nordhaus, The future is already here, the scientific method, urban planning, We are as Gods, Whole Earth Catalog, WikiLeaks, Y Combinator, Yochai Benkler

• You should be able to prevent information collected about you for one purpose from being used for others. • You should be able to correct inaccurate information about you. • Your data should be secure. Nearly forty years later, the principles are still basically right, and we’re still waiting for them to be enforced. We can’t wait much longer: In a society with an increasing number of knowledge workers, our personal data and “personal brand” are worth more than they ever have been. Especially if you’re a blogger or a writer, if you make funny videos or music, or if you coach or consult for a living, your online data trail is one of your most valuable assets. But while it’s illegal to use Brad Pitt’s image to sell a watch without his permission, Facebook is free to use your name to sell one to your friends.


pages: 269 words: 77,876

Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit From Global Chaos by Sarah Lacy

Asian financial crisis, barriers to entry, Benchmark Capital, BRICs, clean tech, clean water, cloud computing, Deng Xiaoping, digital divide, Donald Trump, Elon Musk, fear of failure, Firefox, Great Leap Forward, Huaqiangbei: the electronics market of Shenzhen, China, income per capita, intangible asset, Jeff Bezos, knowledge economy, knowledge worker, M-Pesa, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Max Levchin, McMansion, megacity, Network effects, off-the-grid, One Laptop per Child (OLPC), paypal mafia, QWERTY keyboard, risk tolerance, Salesforce, Skype, social web, Steve Jobs, Tony Hsieh, urban planning, web application, women in the workforce, working-age population, zero-sum game

Perhaps it goes back to colonial days, but whatever it is, confusion through effusive politeness is an Indian skil that long predates cal center scripts. There was a lot of bragging in the mid-2000s that India had cleverly skipped the manual part of modernization and joined the United States as a services economy of knowledge workers—in the same way that India as a nation had skipped the authoritarian dictatorships that plagued much of the developing world after colonization and gone straight to democracy. The services business is the one thing India has that the rest of the emerging world envies. Second-tier cities in China are trying to replicate it, as are smal er nations in Latin America and Africa.


pages: 326 words: 74,433

Do More Faster: TechStars Lessons to Accelerate Your Startup by Brad Feld, David Cohen

An Inconvenient Truth, augmented reality, computer vision, corporate governance, crowdsourcing, deal flow, disintermediation, fail fast, hiring and firing, hockey-stick growth, Inbox Zero, independent contractor, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, lolcat, Ray Kurzweil, recommendation engine, risk tolerance, Silicon Valley, Skype, slashdot, social web, SoftBank, software as a service, Steve Jobs, subscription business

At Return Path, we have sometimes left critical jobs open for months as we cycle through candidates looking for “the one.” As painful as it has been for us to limp along with the position open, taking our time and hiring the absolutely right person has always been the right decision. It is said that with knowledge workers, the best employee is 10 times more productive and impactful than the average employee. Why settle for anything less than the absolute best? Temptation 2: Firing too slowly. Everyone's heard the analogy about a bad employee being like a cancer in an organization—his poor performance or attitude spread and he needs to be cut out to preserve the rest of the organization.


pages: 237 words: 74,109

Uncanny Valley: A Memoir by Anna Wiener

autonomous vehicles, back-to-the-land, basic income, behavioural economics, Blitzscaling, blockchain, blood diamond, Burning Man, call centre, charter city, cloud computing, cognitive bias, cognitive dissonance, commoditize, crowdsourcing, cryptocurrency, dark triade / dark tetrad, data science, digital divide, digital nomad, digital rights, end-to-end encryption, Extropian, functional programming, future of work, gentrification, Golden Gate Park, growth hacking, guns versus butter model, housing crisis, Jane Jacobs, job automation, knowledge worker, Lean Startup, means of production, medical residency, microaggression, microapartment, microdosing, new economy, New Urbanism, Overton Window, passive income, Plato's cave, pull request, rent control, ride hailing / ride sharing, San Francisco homelessness, Sand Hill Road, self-driving car, sharing economy, Shenzhen special economic zone , side project, Silicon Valley, Silicon Valley startup, Social Justice Warrior, social web, South of Market, San Francisco, special economic zone, subprime mortgage crisis, systems thinking, tech bro, tech worker, technoutopianism, telepresence, telepresence robot, union organizing, universal basic income, unpaid internship, urban planning, urban renewal, warehouse robotics, women in the workforce, work culture , Y2K, young professional

They had probably been in San Francisco to meet with their investors, wind things down. The company had been purchased by the search-engine giant, in what was rumored to be an eight-figure acquihire. * * * Back in San Francisco, I felt acutely aware of the city’s beauty, and of the inbound aesthetic shift. Half the knowledge workers I encountered had the same thin cashmere sweaters I did, and the same lightweight eyeglasses. Some of us had the same skin tints, from the same foundation. We complained of the same back problems, induced by the same memory-foam mattresses. In apartments decorated with the same furniture and painted the same shades of security-deposit white, we placed the same ceramic planters holding the same low-maintenance plants.


The Jobs to Be Done Playbook: Align Your Markets, Organization, and Strategy Around Customer Needs by Jim Kalbach

Airbnb, Atul Gawande, Build a better mousetrap, Checklist Manifesto, Clayton Christensen, commoditize, data science, Dean Kamen, fail fast, Google Glasses, job automation, Kanban, Kickstarter, knowledge worker, Lean Startup, market design, minimum viable product, prediction markets, Quicken Loans, Salesforce, shareholder value, Skype, software as a service, Steve Jobs, subscription business, Zipcar

I select several plays to illustrate how JTBD can be applied within each mode of thinking. The last chapter brings plays together in methods or “recipes” you can use in different situations. Who This Book Is For Most distinctions between strategy and execution are meaningless. Judgment calls happen at all levels of an organization in a cascade of decision-making. In modern knowledge-worker-based companies, strategy isn’t confined to the upper echelons only—it happens throughout the enterprise. Managers and individual contributors alike need to be aligned to the same perspective, and everyone contributes to providing solutions that customers will value. JTBD provides a North Star to follow.


Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game by Walker Deibel

barriers to entry, Blue Ocean Strategy, book value, Clayton Christensen, commoditize, deal flow, deliberate practice, discounted cash flows, diversification, drop ship, Elon Musk, family office, financial engineering, financial independence, high net worth, intangible asset, inventory management, Jeff Bezos, knowledge worker, Lean Startup, Mark Zuckerberg, meta-analysis, Network effects, new economy, Peter Thiel, risk tolerance, risk/return, rolodex, software as a service, Steve Jobs, subscription business, supply-chain management, Y Combinator

Land was the limiter that gave birth to the Agricultural period; access to capital was the limiter that drove the Industrial period; and education was the limiter that produced the Knowledge period. But since 2000, with land easily accessible, capital in abundance, and the saturation of advanced education unable to produce higher pay rates, a new limiter has emerged. “Right now,” says Davison, “becoming an entrepreneur is like becoming a knowledge worker in 1900. That is, it is possible but hard enough that few people do it.” Entrepreneurship is the next limiter to be conquered. As the economy shifts, entrepreneurial skills will, like never before, define the forefront of economic development. Said another way, entrepreneurship is the key to success in the current economy.


pages: 555 words: 80,635

Open: The Progressive Case for Free Trade, Immigration, and Global Capital by Kimberly Clausing

"World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, active measures, Affordable Care Act / Obamacare, agricultural Revolution, battle of ideas, Bernie Sanders, business climate, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, climate change refugee, corporate social responsibility, creative destruction, currency manipulation / currency intervention, David Ricardo: comparative advantage, Donald Trump, fake news, floating exchange rates, full employment, gig economy, global supply chain, global value chain, guest worker program, illegal immigration, immigration reform, income inequality, index fund, investor state dispute settlement, knowledge worker, labor-force participation, low interest rates, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, meta-analysis, offshore financial centre, open economy, Paul Samuelson, precautionary principle, profit motive, purchasing power parity, race to the bottom, Robert Shiller, Ronald Reagan, savings glut, secular stagnation, Silicon Valley, Tax Reform Act of 1986, tech worker, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transfer pricing, uber lyft, winner-take-all economy, working-age population, zero-sum game

International business may also be a driver of migration flows. Multinational firms often post workers outside of their home countries; in fact, several prominent global companies employ half their workforces outside of their countries of origin. Skilled workers are particularly likely to be sent abroad, and innovation often involves global teams of knowledge workers.39 Immigration flows strengthen ties between the United States and other countries. When immigrants leave their origin countries to seek new lives in the United States, they continue to communicate with their home countries, talking to friends and family, sending money home, and sometimes visiting in person.


pages: 269 words: 70,543

Tech Titans of China: How China's Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global by Rebecca Fannin

"World Economic Forum" Davos, Adam Neumann (WeWork), Airbnb, augmented reality, autonomous vehicles, Benchmark Capital, Big Tech, bike sharing, blockchain, call centre, cashless society, Chuck Templeton: OpenTable:, clean tech, cloud computing, computer vision, connected car, corporate governance, cryptocurrency, data is the new oil, data science, deep learning, Deng Xiaoping, Didi Chuxing, digital map, disruptive innovation, Donald Trump, El Camino Real, electricity market, Elon Musk, fake news, family office, fear of failure, fulfillment center, glass ceiling, global supply chain, Great Leap Forward, income inequality, industrial robot, information security, Internet of things, invention of movable type, Jeff Bezos, Kickstarter, knowledge worker, Lyft, Mark Zuckerberg, Mary Meeker, megacity, Menlo Park, money market fund, Network effects, new economy, peer-to-peer lending, personalized medicine, Peter Thiel, QR code, RFID, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart transportation, Snapchat, social graph, SoftBank, software as a service, South China Sea, sovereign wealth fund, speech recognition, stealth mode startup, Steve Jobs, stock buybacks, supply-chain management, tech billionaire, TechCrunch disrupt, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, urban planning, Vision Fund, warehouse automation, WeWork, winner-take-all economy, Y Combinator, young professional

By focusing on professional networking, LinkedIn remains open, and you can click on it in China to share posts, messages, and content, which I’ve done without being blocked. LinkedIn was attracted to China by the rapid development of the Chinese economy and growth of professionals to more than 140 million who represent roughly one in five of the world’s knowledge workers. “The expansion of our offering in China marks a significant step forward in our mission to connect the world’s professionals to make them more productive and successful,” wrote LinkedIn’s CEO Jeff Weiner in launching a simplified Chinese website in 2014.7 “Our goal is to connect these Chinese professionals with each other and with the rest of LinkedIn’s 277 million members in over 200 countries and territories.”


pages: 292 words: 76,185

Pivot: The Only Move That Matters Is Your Next One by Jenny Blake

Airbnb, Albert Einstein, Cal Newport, cloud computing, content marketing, data is the new oil, diversified portfolio, do what you love, East Village, en.wikipedia.org, Erik Brynjolfsson, fear of failure, future of work, high net worth, Jeff Bezos, job-hopping, Kevin Kelly, Khan Academy, knowledge worker, Lao Tzu, Lean Startup, minimum viable product, Nate Silver, passive income, Ralph Waldo Emerson, risk tolerance, Second Machine Age, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, solopreneur, Startup school, stem cell, TED Talk, too big to fail, Tyler Cowen, white picket fence, young professional, zero-sum game

As Geoff Colvin writes in Humans Are Underrated: What High Achievers Know That Brilliant Machines Never Will, it is futile to ask what computers will never be able to do, since the answer is most likely nothing. Instead, we should focus on the unique value people can provide as we shift from our role as knowledge workers into relationship workers. Colvin suggests that the guiding question then becomes, “What are the activities that we humans, driven by our deepest nature or by the realities of daily life, will simply insist be performed by other humans, regardless of what computers can do?” He adds, “To look into someone’s eyes—that turns out to be, metaphorically and quite often literally, the key to high-value work in the coming economy.” ______ This part of scanning is about asking expansive questions, observing what arises, discovering holes in the market, and pinpointing potential skills to develop.


pages: 240 words: 78,436

Open for Business Harnessing the Power of Platform Ecosystems by Lauren Turner Claire, Laure Claire Reillier, Benoit Reillier

Airbnb, Amazon Mechanical Turk, Amazon Web Services, augmented reality, autonomous vehicles, barriers to entry, basic income, benefit corporation, Blitzscaling, blockchain, carbon footprint, Chuck Templeton: OpenTable:, cloud computing, collaborative consumption, commoditize, crowdsourcing, data science, deep learning, Diane Coyle, Didi Chuxing, disintermediation, distributed ledger, driverless car, fake news, fulfillment center, future of work, George Akerlof, independent contractor, intangible asset, Internet of things, Jean Tirole, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, market design, Metcalfe’s law, minimum viable product, multi-sided market, Network effects, Paradox of Choice, Paul Graham, peer-to-peer lending, performance metric, Peter Thiel, platform as a service, price discrimination, price elasticity of demand, profit motive, ride hailing / ride sharing, Sam Altman, search costs, self-driving car, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart contracts, Snapchat, software as a service, Steve Jobs, Steve Wozniak, TaskRabbit, the long tail, The Market for Lemons, Tim Cook: Apple, transaction costs, two-sided market, Uber and Lyft, uber lyft, universal basic income, Y Combinator

This means that many ‘low-level’ tasks can now be efficiently and flexibly outsourced to a platform, and that therefore ‘high-cost’ workers are increasingly unlikely to be able to compete for these activities. You don’t need to have offices everywhere to arbitrage labour market rates anymore. Knowledge workers are now a click away, and this is understandably one aspect of globalization that is increasingly worrying employees and governments. The future of management Platform companies will change the way we work, and leading these new organizations successfully will require very different management skills.


pages: 305 words: 75,697

Cogs and Monsters: What Economics Is, and What It Should Be by Diane Coyle

3D printing, additive manufacturing, Airbnb, Al Roth, Alan Greenspan, algorithmic management, Amazon Web Services, autonomous vehicles, banking crisis, barriers to entry, behavioural economics, Big bang: deregulation of the City of London, biodiversity loss, bitcoin, Black Lives Matter, Boston Dynamics, Bretton Woods, Brexit referendum, business cycle, call centre, Carmen Reinhart, central bank independence, choice architecture, Chuck Templeton: OpenTable:, cloud computing, complexity theory, computer age, conceptual framework, congestion charging, constrained optimization, coronavirus, COVID-19, creative destruction, credit crunch, data science, DeepMind, deglobalization, deindustrialization, Diane Coyle, discounted cash flows, disintermediation, Donald Trump, Edward Glaeser, en.wikipedia.org, endogenous growth, endowment effect, Erik Brynjolfsson, eurozone crisis, everywhere but in the productivity statistics, Evgeny Morozov, experimental subject, financial deregulation, financial innovation, financial intermediation, Flash crash, framing effect, general purpose technology, George Akerlof, global supply chain, Goodhart's law, Google bus, haute cuisine, High speed trading, hockey-stick growth, Ida Tarbell, information asymmetry, intangible asset, Internet of things, invisible hand, Jaron Lanier, Jean Tirole, job automation, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, knowledge economy, knowledge worker, Les Trente Glorieuses, libertarian paternalism, linear programming, lockdown, Long Term Capital Management, loss aversion, low earth orbit, lump of labour, machine readable, market bubble, market design, Menlo Park, millennium bug, Modern Monetary Theory, Mont Pelerin Society, multi-sided market, Myron Scholes, Nash equilibrium, Nate Silver, Network effects, Occupy movement, Pareto efficiency, payday loans, payment for order flow, Phillips curve, post-industrial society, price mechanism, Productivity paradox, quantitative easing, randomized controlled trial, rent control, rent-seeking, ride hailing / ride sharing, road to serfdom, Robert Gordon, Robert Shiller, Robert Solow, Robinhood: mobile stock trading app, Ronald Coase, Ronald Reagan, San Francisco homelessness, savings glut, school vouchers, sharing economy, Silicon Valley, software is eating the world, spectrum auction, statistical model, Steven Pinker, tacit knowledge, The Chicago School, The Future of Employment, The Great Moderation, the map is not the territory, The Rise and Fall of American Growth, the scientific method, The Signal and the Noise by Nate Silver, the strength of weak ties, The Wealth of Nations by Adam Smith, total factor productivity, transaction costs, Uber for X, urban planning, winner-take-all economy, Winter of Discontent, women in the workforce, Y2K

Regions already part of the rust belt have become even more disadvantaged because new, knowledge-based technologies require certain kinds of skills that come with a long formal education (known in economics jargon as skill-biased technical change) and also significant exchange of informal know-how (tacit, rather than codified, knowledge in the jargon). These features have led to a geographical sorting between different kinds of people. The highly-educated knowledge workers have increasingly congregated in specific large urban centres such as San Francisco and Silicon Valley, or capitals like Berlin, London, and Paris. The unevenness of economic geography has been evident since Alfred Marshall (2013) first identified what are known as ‘agglomeration economies’ in 1890, in other words the economic benefits of jobs and production clustering close together.


pages: 296 words: 78,227

The 80/20 Principle: The Secret to Achieving More With Less by Richard Koch

Abraham Maslow, Albert Einstein, always be closing, Apple Newton, barriers to entry, business cycle, business process, delayed gratification, fear of failure, Ford Model T, Great Leap Forward, income inequality, inventory management, Johann Wolfgang von Goethe, knowledge worker, profit maximization, rolodex, Ronald Reagan, Salesforce, The future is already here, Vilfredo Pareto, wage slave

Given the piecemeal use and gradual spread of the 80/20 Principle, it remains underexploited, even by those who recognize the idea. It is extremely versatile. It can be profitably applied to any industry and any organization, any function within an organization and any individual job. The 80/20 Principle can help the chief executive, line managers, functional specialists, and any knowledge worker, down to the lowest level or the newest trainee. And although its uses are manifold, there is an underlying, unifying logic that explains why the 80/20 Principle works and is so valuable. WHY THE 80/20 PRINCIPLE WORKS IN BUSINESS The 80/20 Principle applied to business has one key theme—to generate the most money with the least expenditure of assets and effort.


pages: 287 words: 82,576

The Complacent Class: The Self-Defeating Quest for the American Dream by Tyler Cowen

affirmative action, Affordable Care Act / Obamacare, Airbnb, Alvin Roth, assortative mating, behavioural economics, Bernie Sanders, bike sharing, Black Lives Matter, Black Swan, business climate, business cycle, circulation of elites, classic study, clean water, David Graeber, declining real wages, deindustrialization, desegregation, digital divide, Donald Trump, driverless car, drone strike, East Village, Elon Musk, Ferguson, Missouri, Francis Fukuyama: the end of history, gentrification, gig economy, Google Glasses, Hyman Minsky, Hyperloop, income inequality, intangible asset, Internet of things, inventory management, knowledge worker, labor-force participation, low interest rates, low skilled workers, Marc Andreessen, Mark Zuckerberg, medical residency, meta-analysis, obamacare, offshore financial centre, Paradox of Choice, Paul Samuelson, Peter Thiel, public intellectual, purchasing power parity, Richard Florida, security theater, sharing economy, Silicon Valley, Silicon Valley ideology, Skype, South China Sea, Steven Pinker, Stuxnet, The Great Moderation, The Rise and Fall of American Growth, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, upwardly mobile, Vilfredo Pareto, working-age population, World Values Survey

Quite frankly, those are the parts of America where people feel very good about themselves.4 If we look at all metropolitan areas, rather than just the large ones, Durham–Chapel Hill, Bloomington, and Ann Arbor—all college towns—climb into the top five for segregation of the working class away from the non–working class. That is again the somewhat incestuous self-clustering of the complacent class rearing its head. Due to their major universities, those towns all have lots of knowledge workers, people proficient in IT or biotech, lots of skilled labor, lots of creativity, and people working hard to get ahead—all features that, it turns out, correlate with residential segregation by education and social class.5 Along related lines, Florida and Mellander also find that racial segregation is positively correlated with areas that have a lot of high-tech industry, with those that have a preponderance of people in the so-called creative class, who hold jobs requiring creative skills, and with those heavily populated by college graduates.


pages: 283 words: 85,824

The People's Platform: Taking Back Power and Culture in the Digital Age by Astra Taylor

"World Economic Forum" Davos, A Declaration of the Independence of Cyberspace, Aaron Swartz, Alan Greenspan, American Legislative Exchange Council, Andrew Keen, AOL-Time Warner, barriers to entry, Berlin Wall, big-box store, Brewster Kahle, business logic, Californian Ideology, citizen journalism, cloud computing, collateralized debt obligation, Community Supported Agriculture, conceptual framework, content marketing, corporate social responsibility, creative destruction, cross-subsidies, crowdsourcing, David Brooks, digital capitalism, digital divide, digital Maoism, disinformation, disintermediation, don't be evil, Donald Trump, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, future of journalism, Gabriella Coleman, gentrification, George Gilder, Google Chrome, Google Glasses, hive mind, income inequality, informal economy, Internet Archive, Internet of things, invisible hand, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Perry Barlow, Julian Assange, Kevin Kelly, Kickstarter, knowledge worker, Laura Poitras, lolcat, Mark Zuckerberg, means of production, Metcalfe’s law, Naomi Klein, Narrative Science, Network effects, new economy, New Journalism, New Urbanism, Nicholas Carr, oil rush, peer-to-peer, Peter Thiel, planned obsolescence, plutocrats, post-work, power law, pre–internet, profit motive, recommendation engine, Richard Florida, Richard Stallman, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, slashdot, Slavoj Žižek, Snapchat, social graph, Steve Jobs, Stewart Brand, technological solutionism, technoutopianism, TED Talk, the long tail, trade route, Tragedy of the Commons, vertical integration, Whole Earth Catalog, WikiLeaks, winner-take-all economy, Works Progress Administration, Yochai Benkler, young professional

By the ’80s, any job requiring that the same steps be performed repeatedly was disappearing—going over there or into software.25 At the same time the ideal of a “postindustrial society” offered the alluring promise of work in a world in which goods were less important than services. Over time, phrases like “information economy,” “immaterial labor,” “knowledge workers,” and “creative class” slipped into everyday speech. Mental labor would replace the menial; stifling corporate conventions would give way to diversity and free expression; flexible employment would allow them to shape their own lives. These prognostications, too, were not to be. Instead the increase of shareholder influence in the corporate sector accelerated the demand for ever-higher returns on investment and shorter turnaround.


pages: 280 words: 83,299

Empty Planet: The Shock of Global Population Decline by Darrell Bricker, John Ibbitson

"World Economic Forum" Davos, affirmative action, agricultural Revolution, Berlin Wall, Black Lives Matter, Brexit referendum, BRICs, British Empire, Columbian Exchange, commoditize, demographic dividend, demographic transition, Deng Xiaoping, Donald Trump, en.wikipedia.org, full employment, gender pay gap, gentrification, ghettoisation, glass ceiling, global reserve currency, Great Leap Forward, Gunnar Myrdal, Hans Rosling, Hernando de Soto, illegal immigration, income inequality, James Watt: steam engine, Jeff Bezos, John Snow's cholera map, Kibera, knowledge worker, labor-force participation, Mark Zuckerberg, megacity, New Urbanism, nuclear winter, off grid, offshore financial centre, out of africa, Potemkin village, purchasing power parity, reserve currency, Ronald Reagan, Silicon Valley, South China Sea, statistical model, Steve Jobs, Steven Pinker, The Wealth of Nations by Adam Smith, Thomas Malthus, transcontinental railway, upwardly mobile, urban planning, working-age population, young professional, zero-sum game

Automation, artificial intelligence, and other spurs to productivity could take care of the problem of labor shortages, though robots thus far have proved to be pretty useless at purchasing refrigerators and other staples of the consumer economy. And the affluence gap between corporate executives and sought-after knowledge workers, on the one hand, and regular folk, on the other, simply has to narrow. That’s not left wing. That’s just safety valve. Some analysts predict smaller families will make society richer by allowing parents to work longer hours, thus increasing their skill at the work they do and making it possible to lavish more attention and money on their only child when they finally get home.455 We’re not so sure.


pages: 313 words: 84,312

We-Think: Mass Innovation, Not Mass Production by Charles Leadbeater

1960s counterculture, Andrew Keen, barriers to entry, bioinformatics, c2.com, call centre, citizen journalism, clean water, cloud computing, complexity theory, congestion charging, death of newspapers, Debian, digital divide, digital Maoism, disruptive innovation, double helix, Douglas Engelbart, Edward Lloyd's coffeehouse, folksonomy, frictionless, frictionless market, future of work, game design, Garrett Hardin, Google Earth, Google X / Alphabet X, Hacker Ethic, Herbert Marcuse, Hernando de Soto, hive mind, Howard Rheingold, interchangeable parts, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jean Tirole, jimmy wales, Johannes Kepler, John Markoff, John von Neumann, Joi Ito, Kevin Kelly, knowledge economy, knowledge worker, lateral thinking, lone genius, M-Pesa, Mark Shuttleworth, Mark Zuckerberg, Marshall McLuhan, Menlo Park, microcredit, Mitch Kapor, new economy, Nicholas Carr, online collectivism, Paradox of Choice, planetary scale, post scarcity, public intellectual, Recombinant DNA, Richard Stallman, Shoshana Zuboff, Silicon Valley, slashdot, social web, software patent, Steven Levy, Stewart Brand, supply-chain management, synthetic biology, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the long tail, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Tragedy of the Commons, Whole Earth Catalog, work culture , Yochai Benkler, Zipcar

In March 2002 the pilot was extended to 20,000 engineers, who now self-schedule. After three years, the average engineer was earning more money and working two hours less per week. Productivity was up by 5 per cent and quality up by 8 per cent. BT is adopting elements of the open approach to work because that is the best way to motivate and co-ordinate knowledge workers at low cost. The collaborative values of We-Think are also reshaping how places of work are designed. Modern organisations revolve around offices that are often designed to help managers to stay in charge. Offices are good for politics, flirting and gossip. They are dreadful places for intellectual curiosity.


pages: 292 words: 85,151

Exponential Organizations: Why New Organizations Are Ten Times Better, Faster, and Cheaper Than Yours (And What to Do About It) by Salim Ismail, Yuri van Geest

23andMe, 3D printing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, anti-fragile, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, behavioural economics, Ben Horowitz, bike sharing, bioinformatics, bitcoin, Black Swan, blockchain, Blue Ocean Strategy, book value, Burning Man, business intelligence, business process, call centre, chief data officer, Chris Wanstrath, circular economy, Clayton Christensen, clean water, cloud computing, cognitive bias, collaborative consumption, collaborative economy, commoditize, corporate social responsibility, cross-subsidies, crowdsourcing, cryptocurrency, dark matter, data science, Dean Kamen, deep learning, DeepMind, dematerialisation, discounted cash flows, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, fail fast, game design, gamification, Google Glasses, Google Hangouts, Google X / Alphabet X, gravity well, hiring and firing, holacracy, Hyperloop, industrial robot, Innovator's Dilemma, intangible asset, Internet of things, Iridium satellite, Isaac Newton, Jeff Bezos, Joi Ito, Kevin Kelly, Kickstarter, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, Lean Startup, life extension, lifelogging, loose coupling, loss aversion, low earth orbit, Lyft, Marc Andreessen, Mark Zuckerberg, market design, Max Levchin, means of production, Michael Milken, minimum viable product, natural language processing, Netflix Prize, NetJets, Network effects, new economy, Oculus Rift, offshore financial centre, PageRank, pattern recognition, Paul Graham, paypal mafia, peer-to-peer, peer-to-peer model, Peter H. Diamandis: Planetary Resources, Peter Thiel, Planet Labs, prediction markets, profit motive, publish or perish, radical decentralization, Ray Kurzweil, recommendation engine, RFID, ride hailing / ride sharing, risk tolerance, Ronald Coase, Rutger Bregman, Salesforce, Second Machine Age, self-driving car, sharing economy, Silicon Valley, skunkworks, Skype, smart contracts, Snapchat, social software, software is eating the world, SpaceShipOne, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Jurvetson, subscription business, supply-chain management, synthetic biology, TaskRabbit, TED Talk, telepresence, telepresence robot, the long tail, Tony Hsieh, transaction costs, Travis Kalanick, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, urban planning, Virgin Galactic, WikiLeaks, winner-take-all economy, X Prize, Y Combinator, zero-sum game

Implications: Infinite computation (as Moore’s Law continues) and infinite storage, both essentially free; the Quantified Employee; AaaS (Analytics as a Service); hardware as the new software via developments such as Arduino; new business models based on connected products. AI, data science and analytics Description: Ubiquitous usage of Machine Learning and Deep Learning algorithms to process vast caches of information. Implications: Algorithms driving more and more business decisions; AIs replacing a large percentage of knowledge workers; AIs looking for patterns in organizational data; algorithms embedded into products. Virtual/augmented reality Description: Avatar-quality VR available on desktop in 2-3 years. Oculus Rift, High Fidelity and Google Glass drive new applications. Implications: Remote viewing; centrally located experts serving more areas; new practice areas; remote medicine.


pages: 284 words: 85,643

What's the Matter with White People by Joan Walsh

affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, banking crisis, clean water, collective bargaining, David Brooks, desegregation, Donald Trump, Edward Glaeser, full employment, General Motors Futurama, Glass-Steagall Act, global village, Golden Gate Park, hiring and firing, impulse control, income inequality, invisible hand, It's morning again in America, knowledge worker, labor-force participation, mass immigration, new economy, obamacare, Occupy movement, plutocrats, Ralph Nader, Ronald Reagan, Savings and loan crisis, Triangle Shirtwaist Factory, upwardly mobile, urban decay, W. E. B. Du Bois, War on Poverty, We are the 99%, white flight, women in the workforce, zero-sum game

Much of the student left took for granted the affluent society that stifled their dreams and made them mere cogs of capitalism but that also made their protest possible. They weren’t alone. McGovern strategist Fred Dutton, who worked for Johnson and both John and Robert F. Kennedy, began talking about a “New Politics” uniting students, feminists, minorities, and elite knowledge workers, leaving big union leaders on the sidelines. In the affluent, postmaterial age of “individual purpose” that Dutton and other “New Politics” Democrats believed had finally arrived, union members didn’t deserve a special place at the Democrats’ table anymore. In short, prosperity undermined the New Deal coalition, giving white workers the freedom to believe their enemy was black protesters and white hippies, while providing the New Left with the dream it could create a progressive majority coalition without big labor.


pages: 269 words: 83,307

Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits by Kevin Roose

activist fund / activist shareholder / activist investor, Basel III, Bear Stearns, Carl Icahn, cognitive dissonance, collateralized debt obligation, Credit Default Swap, credit default swaps / collateralized debt obligations, deal flow, discounted cash flows, Donald Trump, East Village, eat what you kill, eurozone crisis, financial engineering, fixed income, forward guidance, glass ceiling, Goldman Sachs: Vampire Squid, hedonic treadmill, information security, Jane Street, jitney, junk bonds, Kevin Roose, knowledge worker, Michael Milken, new economy, Occupy movement, off-the-grid, plutocrats, proprietary trading, Robert Shiller, selection bias, shareholder value, side project, Silicon Valley, Skype, Steve Jobs, tail risk, The Predators' Ball, too big to fail, two and twenty, urban planning, We are the 99%, work culture , young professional

“Most large investment banks block…social media services in their offices”: William Alden, “On Wall St., Keeping a Tight Rein on Twitter,” New York Times (DealBook), March 21, 2012. “A recent academic study of young bankers”: Alexandra Michel, “Transcending Socialization: A Nine-Year Ethnography of the Body’s Role in Organizational Control and Knowledge Workers’ Transformation,” Administrative Science Quarterly, September 2011, vol. 56, no. 3. Chapter Eight “A few minutes earlier, Soo-jin had finished hearing Deutsche Bank’s male investment bank chief”: Kevin Roose, “The Continuing Trials of Wall Street’s Women,” New York Times (DealBook), October 26, 2010.


pages: 324 words: 80,217

The Decadent Society: How We Became the Victims of Our Own Success by Ross Douthat

Affordable Care Act / Obamacare, AI winter, Apollo 13, Bernie Sanders, bitcoin, Black Lives Matter, Boeing 747, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, centre right, Charlie Hebdo massacre, charter city, crack epidemic, CRISPR, crowdsourcing, David Graeber, Deng Xiaoping, deplatforming, Donald Trump, driverless car, East Village, Easter island, Elon Musk, fake news, Flynn Effect, Francis Fukuyama: the end of history, Francisco Pizarro, ghettoisation, gig economy, Golden age of television, green new deal, Haight Ashbury, helicopter parent, hive mind, Hyperloop, immigration reform, informal economy, intentional community, Intergovernmental Panel on Climate Change (IPCC), Islamic Golden Age, Jeff Bezos, Jeremy Corbyn, Joan Didion, Kevin Kelly, Kickstarter, knowledge worker, life extension, low interest rates, mass immigration, mass incarceration, means of production, megacity, meritocracy, microaggression, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, New Journalism, Nicholas Carr, Norman Mailer, obamacare, Oculus Rift, open borders, opioid epidemic / opioid crisis, out of africa, Panopticon Jeremy Bentham, Paris climate accords, peak TV, Peter Thiel, plutocrats, pre–internet, private spaceflight, QAnon, quantitative easing, radical life extension, rent-seeking, Robert Bork, Robert Gordon, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Snapchat, Snow Crash, Social Justice Warrior, social web, Steve Bannon, Steve Jobs, Steven Pinker, technoutopianism, TED Talk, the built environment, The Rise and Fall of American Growth, Tyler Cowen, Tyler Cowen: Great Stagnation, wage slave, WeWork, women in the workforce, Y2K

The most politically appealing theories—the ones animating our populist and socialist insurgencies—tend to blame neoliberalism itself, claiming that the medicine for 1970s stagflation has proven to be poison in large doses. The push for ever-freer trade has hollowed out Western economies, the argument goes, offshoring productive industries and killing decent jobs, making financiers and “knowledge workers” rich while the middle class shrinks steadily. Meanwhile, low tax rates, intended to spur investment, have enabled the rich to keep more of their gains while starving the programs required to protect the poor and boost the working class. Antitrust policy has become so fixated on the supposed benefits of consolidation—lower prices for consumers—that it has ignored all the ways that market-dominant corporations can warp policies and strangle innovation.


pages: 265 words: 79,747

Happier at Home: Kiss More, Jump More, Abandon Self-Control, and My Other Experiments in Everyday Life by Gretchen Rubin

A Pattern Language, airport security, Albert Einstein, clean water, en.wikipedia.org, endowment effect, Everything should be made as simple as possible, knowledge worker, out of africa, Paradox of Choice, placebo effect, Saturday Night Live, Telecommunications Act of 1996

I’d always made recommendations, but now I looked for more opportunities to suggest the work of people I respected, and, if appropriate, immediately to send a follow-up email with contact information. For instance, whenever I could, I touted the work of Manhattan Home Networks’s Charles Stanton, the computer specialist to whom I am eternally grateful for his unfailing ability to resolve the IT difficulties to which a self-employed tech-impaired knowledge-worker like myself falls prey. Along the same lines, because I feel a special sympathy for writers, I used my work online to shine a spotlight on great writing. I linked to someone else’s blog every day from my blog, and I recommended outstanding books as often as I could. These weren’t major acts of kindness; they were the minor, nonrandom equivalent of paying a stranger’s toll or putting money in a parking meter.


pages: 338 words: 85,566

Restarting the Future: How to Fix the Intangible Economy by Jonathan Haskel, Stian Westlake

"Friedman doctrine" OR "shareholder theory", activist fund / activist shareholder / activist investor, Andrei Shleifer, Big Tech, Black Lives Matter, book value, Boris Johnson, Brexit referendum, business cycle, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, central bank independence, Charles Lindbergh, charter city, cloud computing, cognitive bias, cognitive load, congestion charging, coronavirus, corporate governance, COVID-19, creative destruction, cryptocurrency, David Graeber, decarbonisation, Diane Coyle, Dominic Cummings, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Edward Glaeser, equity risk premium, Erik Brynjolfsson, Estimating the Reproducibility of Psychological Science, facts on the ground, financial innovation, Francis Fukuyama: the end of history, future of work, general purpose technology, gentrification, Goodhart's law, green new deal, housing crisis, income inequality, index fund, indoor plumbing, industrial cluster, inflation targeting, intangible asset, interchangeable parts, invisible hand, job-hopping, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Arrow, knowledge economy, knowledge worker, lockdown, low interest rates, low skilled workers, Marc Andreessen, market design, Martin Wolf, megacity, mittelstand, new economy, Occupy movement, oil shock, patent troll, Peter Thiel, Phillips curve, postindustrial economy, pre–internet, price discrimination, quantitative easing, QWERTY keyboard, remote working, rent-seeking, replication crisis, risk/return, Robert Gordon, Robert Metcalfe, Robert Shiller, Ronald Coase, Sam Peltzman, Second Machine Age, secular stagnation, shareholder value, Silicon Valley, six sigma, skeuomorphism, social distancing, superstar cities, the built environment, The Rise and Fall of American Growth, The Spirit Level, The Wealth of Nations by Adam Smith, Thorstein Veblen, total factor productivity, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, urban planning, We wanted flying cars, instead we got 140 characters, work culture , X Prize, Y2K

But our planning systems make it painfully hard to build new office space and new housing in and around the most dynamic cities, like San Francisco and London. COVID-19, which enforced remote working for many people, temporarily removed some of these planning issues, but it introduced its own problems, depriving knowledge workers of the face-to-face contact that at least some of them feel is important for their work. Both congested cities and a haphazard shift to remote working make it harder to invest in intangibles, likely slowing down long-term investment relative to what it might have been. We examine this issue, and potential solutions to it, in chapter 6.


pages: 422 words: 86,414

Hands-On RESTful API Design Patterns and Best Practices by Harihara Subramanian

blockchain, business logic, business process, cloud computing, continuous integration, create, read, update, delete, cyber-physical system, data science, database schema, DevOps, disruptive innovation, domain-specific language, fault tolerance, information security, Infrastructure as a Service, Internet of things, inventory management, job automation, Kickstarter, knowledge worker, Kubernetes, loose coupling, Lyft, machine readable, microservices, MITM: man-in-the-middle, MVC pattern, Salesforce, self-driving car, semantic web, single page application, smart cities, smart contracts, software as a service, SQL injection, supply-chain management, web application, WebSocket

Smarter environments, such as smarter hotels, homes, hospitals, manufacturing floors, and cloud-enabled data centers (CeDCs), are going to be empowered when they get seamlessly integrated with nearby or faraway transactional and analytical systems. Knowledge visualization applications The ensuing era is definitely knowledge-centric. Knowledge discovery and dissemination are going to be the prime activity for knowledge workers. Software services, personal as well as professional devices, IT systems, and business applications have to be supplied with real-time and real-world knowledge in order to be adaptive terms of in their actions and reactions. There are 360-degree dashboards, visualization platforms, and report generation tools available in order to graphically and illustratively display and convey the results.


pages: 606 words: 87,358

The Great Convergence: Information Technology and the New Globalization by Richard Baldwin

"World Economic Forum" Davos, 3D printing, additive manufacturing, Admiral Zheng, agricultural Revolution, air freight, Amazon Mechanical Turk, Berlin Wall, bilateral investment treaty, Branko Milanovic, buy low sell high, call centre, Columbian Exchange, commoditize, commodity super cycle, David Ricardo: comparative advantage, deindustrialization, domestication of the camel, Edward Glaeser, endogenous growth, Erik Brynjolfsson, export processing zone, financial intermediation, George Gilder, global supply chain, global value chain, Henri Poincaré, imperial preference, industrial cluster, industrial robot, intangible asset, invention of agriculture, invention of the telegraph, investor state dispute settlement, Isaac Newton, Islamic Golden Age, James Dyson, Kickstarter, knowledge economy, knowledge worker, Lao Tzu, low skilled workers, market fragmentation, mass immigration, Metcalfe’s law, New Economic Geography, out of africa, paper trading, Paul Samuelson, Pax Mongolica, profit motive, rent-seeking, reshoring, Richard Florida, rising living standards, Robert Metcalfe, Robert Solow, Second Machine Age, Simon Kuznets, Skype, Snapchat, Stephen Hawking, tacit knowledge, telepresence, telerobotics, The Wealth of Nations by Adam Smith, trade liberalization, trade route, Washington Consensus

In the first, the low costs of moving goods sparked innovation in the North which stayed in the North due to the high cost of moving ideas. When it became cheap to move ideas internationally, the vast imbalances in know-how per worker led to offshoring that can be thought of as a form of arbitrage between the high knowledge-worker ratio in the North and the low ratio in the South. The Great Convergence is the fruit of this arbitrage. Today, Dyson is what Dartmouth economist Andrew Bernard calls a “factoryless goods producer.”2 None of its workers are involved in fabrication. They are engaged in the full range of services necessary to produce the goods, but they don’t actually make the goods.


pages: 371 words: 93,570

Broad Band: The Untold Story of the Women Who Made the Internet by Claire L. Evans

4chan, Ada Lovelace, air gap, Albert Einstein, Bletchley Park, British Empire, Charles Babbage, colonial rule, Colossal Cave Adventure, computer age, crowdsourcing, D. B. Cooper, dark matter, dematerialisation, Doomsday Book, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, East Village, Edward Charles Pickering, game design, glass ceiling, Grace Hopper, Gödel, Escher, Bach, Haight Ashbury, Harvard Computers: women astronomers, Honoré de Balzac, Howard Rheingold, HyperCard, hypertext link, index card, information retrieval, Internet Archive, Jacquard loom, John von Neumann, Joseph-Marie Jacquard, junk bonds, knowledge worker, Leonard Kleinrock, machine readable, Mahatma Gandhi, Mark Zuckerberg, Menlo Park, military-industrial complex, Mondo 2000, Mother of all demos, Network effects, old-boy network, On the Economy of Machinery and Manufactures, packet switching, PalmPilot, pets.com, rent control, RFC: Request For Comment, rolodex, San Francisco homelessness, semantic web, side hustle, Silicon Valley, Skype, South of Market, San Francisco, Steve Jobs, Steven Levy, Stewart Brand, subscription business, tech worker, technoutopianism, Ted Nelson, telepresence, The Soul of a New Machine, Wayback Machine, Whole Earth Catalog, Whole Earth Review, women in the workforce, Works Progress Administration, Y2K

“difficult to articulate within the bounds”: Catherine C. Marshall, Frank M. Shipman III, James H. Coombs, “VIKI: Spatial Hypertext Supporting Emergent Structure,” ECHT ’94, Proceedings of the 1994 ACM European Conference on Hypermedia technology, 13–23. “spatial holding patterns”: Alison Kidd, “The Marks Are on the Knowledge Worker,” CHI ’94, Proceedings of the SIGCHI Conference on Human Factors in Computing Systems, 186–91. The conference floor, a hotel reception: “List of Demonstrators: Hypertext ’91,” World Wide Web Consortium, www.w3.org/Conferences/HT91/Denoers.html. ten-thousand-dollar jet-black NeXT cube: Interestingly, a female student on a one-year work placement at CERN, Nicola Pellow, had written a no-frills, text-based Web browser that could run on any computer—the Line Mode browser—but it was utilitarian, and none too flashy.


pages: 324 words: 92,805

The Impulse Society: America in the Age of Instant Gratification by Paul Roberts

"Friedman doctrine" OR "shareholder theory", 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, Abraham Maslow, accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Alan Greenspan, American Society of Civil Engineers: Report Card, AOL-Time Warner, asset allocation, business cycle, business process, carbon tax, Carl Icahn, Cass Sunstein, centre right, choice architecture, classic study, collateralized debt obligation, collective bargaining, computerized trading, corporate governance, corporate raider, corporate social responsibility, creative destruction, crony capitalism, David Brooks, delayed gratification, disruptive innovation, double helix, Evgeny Morozov, factory automation, financial deregulation, financial engineering, financial innovation, fixed income, Ford Model T, full employment, game design, Glass-Steagall Act, greed is good, If something cannot go on forever, it will stop - Herbert Stein's Law, impulse control, income inequality, inflation targeting, insecure affluence, invisible hand, It's morning again in America, job automation, John Markoff, Joseph Schumpeter, junk bonds, knowledge worker, late fees, Long Term Capital Management, loss aversion, low interest rates, low skilled workers, mass immigration, Michael Shellenberger, new economy, Nicholas Carr, obamacare, Occupy movement, oil shale / tar sands, performance metric, postindustrial economy, profit maximization, Report Card for America’s Infrastructure, reshoring, Richard Thaler, rising living standards, Robert Shiller, Rodney Brooks, Ronald Reagan, shareholder value, Silicon Valley, speech recognition, Steve Jobs, stock buybacks, technological determinism, technological solutionism, technoutopianism, Ted Nordhaus, the built environment, the long tail, The Predators' Ball, the scientific method, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, value engineering, Walter Mischel, winner-take-all economy

“You’d have your senior managers telling everyone, ‘We’ve got to be lean and mean and this means offshoring,’ even when it was manifestly distressing your company, destroying the morale of everyone,” the former IT executive told me. “And this after they’d spent the previous ten years talking about, ‘Oh, our people are our best resource,’ which, in a knowledge-worker industry, is completely true. And yet now you’re prepared to gut this organism in pursuit of cost savings and quarterly bonuses?” One could argue that this, too, is simply a correction for the excesses of a labor movement that, at its height in the 1960s, showed little sympathy for the challenges management faced in a newly globalizing economy.


pages: 327 words: 90,542

The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril by Satyajit Das

"there is no alternative" (TINA), "World Economic Forum" Davos, 9 dash line, accounting loophole / creative accounting, additive manufacturing, Airbnb, Alan Greenspan, Albert Einstein, Alfred Russel Wallace, Anthropocene, Anton Chekhov, Asian financial crisis, banking crisis, Bear Stearns, Berlin Wall, bitcoin, bond market vigilante , Bretton Woods, BRICs, British Empire, business cycle, business process, business process outsourcing, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Clayton Christensen, cloud computing, collaborative economy, colonial exploitation, computer age, creative destruction, cryptocurrency, currency manipulation / currency intervention, David Ricardo: comparative advantage, declining real wages, Deng Xiaoping, deskilling, digital divide, disintermediation, disruptive innovation, Downton Abbey, Emanuel Derman, energy security, energy transition, eurozone crisis, financial engineering, financial innovation, financial repression, forward guidance, Francis Fukuyama: the end of history, full employment, geopolitical risk, gig economy, Gini coefficient, global reserve currency, global supply chain, Goldman Sachs: Vampire Squid, Great Leap Forward, Greenspan put, happiness index / gross national happiness, high-speed rail, Honoré de Balzac, hydraulic fracturing, Hyman Minsky, illegal immigration, income inequality, income per capita, indoor plumbing, informal economy, Innovator's Dilemma, intangible asset, Intergovernmental Panel on Climate Change (IPCC), it is difficult to get a man to understand something, when his salary depends on his not understanding it, It's morning again in America, Jane Jacobs, John Maynard Keynes: technological unemployment, junk bonds, Kenneth Rogoff, Kevin Roose, knowledge economy, knowledge worker, Les Trente Glorieuses, light touch regulation, liquidity trap, Long Term Capital Management, low interest rates, low skilled workers, Lyft, Mahatma Gandhi, margin call, market design, Marshall McLuhan, Martin Wolf, middle-income trap, Mikhail Gorbachev, military-industrial complex, Minsky moment, mortgage debt, mortgage tax deduction, new economy, New Urbanism, offshore financial centre, oil shale / tar sands, oil shock, old age dependency ratio, open economy, PalmPilot, passive income, peak oil, peer-to-peer lending, pension reform, planned obsolescence, plutocrats, Ponzi scheme, Potemkin village, precariat, price stability, profit maximization, pushing on a string, quantitative easing, race to the bottom, Ralph Nader, Rana Plaza, rent control, rent-seeking, reserve currency, ride hailing / ride sharing, rising living standards, risk/return, Robert Gordon, Robert Solow, Ronald Reagan, Russell Brand, Satyajit Das, savings glut, secular stagnation, seigniorage, sharing economy, Silicon Valley, Simon Kuznets, Slavoj Žižek, South China Sea, sovereign wealth fund, Stephen Fry, systems thinking, TaskRabbit, The Chicago School, The Great Moderation, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the market place, the payments system, The Spirit Level, Thorstein Veblen, Tim Cook: Apple, too big to fail, total factor productivity, trade route, transaction costs, uber lyft, unpaid internship, Unsafe at Any Speed, Upton Sinclair, Washington Consensus, We are the 99%, WikiLeaks, Y2K, Yom Kippur War, zero-coupon bond, zero-sum game

English economic geographer John Lovering called it the “transition fantasy of intellectuals and policy makers.”6 Many “demised” or “involuntarily separated” employees (the Kafkaesque terms for losing your job) are unlikely to find new employment. It's doubtful that textile or assembly-line workers will reinvent themselves as knowledge workers, technologists, bioengineers, financiers, or other professionals. Mobility of labor is restricted by skills and immigration opportunities, as well as family, social, and financial commitments, such as home ownership. Where transition is feasible, it requires adequately funded retraining facilities.


pages: 346 words: 90,371

Rethinking the Economics of Land and Housing by Josh Ryan-Collins, Toby Lloyd, Laurie Macfarlane

agricultural Revolution, asset-backed security, balance sheet recession, bank run, banking crisis, barriers to entry, basic income, book value, Bretton Woods, business cycle, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, Corn Laws, correlation does not imply causation, creative destruction, credit crunch, debt deflation, deindustrialization, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, financial intermediation, foreign exchange controls, full employment, garden city movement, George Akerlof, ghettoisation, Gini coefficient, Hernando de Soto, housing crisis, Hyman Minsky, income inequality, information asymmetry, knowledge worker, labour market flexibility, labour mobility, land bank, land reform, land tenure, land value tax, Landlord’s Game, low interest rates, low skilled workers, market bubble, market clearing, Martin Wolf, means of production, Minsky moment, Money creation, money market fund, mortgage debt, negative equity, Network effects, new economy, New Urbanism, Northern Rock, offshore financial centre, Pareto efficiency, place-making, Post-Keynesian economics, price stability, profit maximization, quantitative easing, rent control, rent-seeking, Richard Florida, Right to Buy, rising living standards, risk tolerance, Robert Solow, Second Machine Age, secular stagnation, shareholder value, subprime mortgage crisis, the built environment, The Great Moderation, The Market for Lemons, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, transaction costs, universal basic income, urban planning, urban sprawl, working poor, working-age population

In the economics jargon, land has a ‘high income-elasticity of demand’ – people will stretch their incomes to consume it. This is why the rise of communications technology has not meant ‘the end of distance’ as some predicted, but has in fact driven the economic pre-eminence of a few cities that are best connected to the global economy and offer the best amenities for the knowledge workers and entrepreneurs of the digital economy (Florida, 2004; Thrift, 1996). The scarcity of these locations has fed a long boom in the value of land in those cities (De Groot et al., 2015). The technological transformations of recent decades may not have abolished the significance of land in the economy, but they have accelerated a shift in the relative economic importance of different land uses, which was already underway.


pages: 324 words: 93,175

The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home by Dan Ariely

Alvin Roth, An Inconvenient Truth, assortative mating, Bear Stearns, behavioural economics, Burning Man, business process, cognitive dissonance, Cornelius Vanderbilt, corporate governance, Daniel Kahneman / Amos Tversky, Demis Hassabis, end world poverty, endowment effect, Exxon Valdez, first-price auction, Ford Model T, Frederick Winslow Taylor, George Akerlof, happiness index / gross national happiness, hedonic treadmill, IKEA effect, Jean Tirole, job satisfaction, knowledge economy, knowledge worker, loss aversion, name-letter effect, Peter Singer: altruism, placebo effect, Richard Thaler, Saturday Night Live, search costs, second-price auction, Skinner box, software as a service, subprime mortgage crisis, sunk-cost fallacy, The Wealth of Nations by Adam Smith, ultimatum game, Upton Sinclair, young professional

In so doing, companies run the risk of taking away employees’ sense of the big picture, purpose, and sense of completion. Highly divisible labor might be efficient if people were automatons, but, given the importance of internal motivation and meaning to our drive and productivity, this approach might backfire. In the absence of meaning, knowledge workers may feel like Charlie Chaplin’s character in Modern Times, pulled through the gears and cogs of a machine in a factory, and as a consequence they have little desire to put their heart and soul into their labor. In Search of Meaning If we look at the labor market through this lens, it is easy to see the multiple ways in which companies, however unintentionally, choke the motivation out of their employees.


Hothouse Kids: The Dilemma of the Gifted Child by Alissa Quart

affirmative action, Albert Einstein, cognitive dissonance, deliberate practice, Flynn Effect, haute couture, helicopter parent, knowledge worker, longitudinal study, meta-analysis, military-industrial complex, new economy, Norbert Wiener, Ralph Waldo Emerson, Ronald Reagan, Stephen Hawking, The Bell Curve by Richard Herrnstein and Charles Murray, the scientific method, Thomas L Friedman, Two Sigma, War on Poverty

Sumpter’s ambition for his son seemed driven by the same professional and social class anxiety that afflicts parents I have met who are secular, and who are training their kids to compete at spelling, tennis, and debate. He, too, frets about his son’s career prospects in a job market teeming with knowledge workers. “Nowadays, far more is offered to make us more competent pastors,” Sumpter explains. “I took a psychology class, I took two extended education counseling classes. “I am forty-one now,” Sumpter continues, “but when I was young, so many people could do religion. They would meet under a tree.


pages: 375 words: 88,306

The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism by Arun Sundararajan

"World Economic Forum" Davos, additive manufacturing, Airbnb, AltaVista, Amazon Mechanical Turk, asset light, autonomous vehicles, barriers to entry, basic income, benefit corporation, bike sharing, bitcoin, blockchain, book value, Burning Man, call centre, Carl Icahn, collaborative consumption, collaborative economy, collective bargaining, commoditize, commons-based peer production, corporate social responsibility, cryptocurrency, data science, David Graeber, distributed ledger, driverless car, Eben Moglen, employer provided health coverage, Erik Brynjolfsson, Ethereum, ethereum blockchain, Frank Levy and Richard Murnane: The New Division of Labor, future of work, general purpose technology, George Akerlof, gig economy, housing crisis, Howard Rheingold, independent contractor, information asymmetry, Internet of things, inventory management, invisible hand, job automation, job-hopping, John Zimmer (Lyft cofounder), Kickstarter, knowledge worker, Kula ring, Lyft, Marc Andreessen, Mary Meeker, megacity, minimum wage unemployment, moral hazard, moral panic, Network effects, new economy, Oculus Rift, off-the-grid, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, peer-to-peer rental, profit motive, public intellectual, purchasing power parity, race to the bottom, recommendation engine, regulatory arbitrage, rent control, Richard Florida, ride hailing / ride sharing, Robert Gordon, Ronald Coase, Ross Ulbricht, Second Machine Age, self-driving car, sharing economy, Silicon Valley, smart contracts, Snapchat, social software, supply-chain management, TaskRabbit, TED Talk, the long tail, The Nature of the Firm, total factor productivity, transaction costs, transportation-network company, two-sided market, Uber and Lyft, Uber for X, uber lyft, universal basic income, Vitalik Buterin, WeWork, Yochai Benkler, Zipcar

Spare5 takes that “spare” 5 minutes (or more) one currently spends playing video games or browsing social media and turns them into money-making moments. The tasks, which range from photo tagging to completing surveys, are simple tasks (and at times boring), but nevertheless necessary in a technology-centric society. In theory, companies benefit by tapping into the time of skilled and knowledgeable workers and workers benefit by recuperating lost time (e.g., the time they are currently wasting as they commute to and from work, or sit in the waiting room of a doctor’s office or in the lobby of a community center where their child is taking swimming lessons). In a nutshell, labor efficiency is increased not by extracting more out of existing employees but rather by foraging for lost moments of time that can be turned into work.


pages: 290 words: 94,968

Writing on the Wall: Social Media - the First 2,000 Years by Tom Standage

An Inconvenient Truth, Bill Duvall, British Empire, Dunbar number, Edmond Halley, Edward Lloyd's coffeehouse, Evgeny Morozov, invention of the printing press, invention of writing, Isaac Newton, knowledge worker, Leonard Kleinrock, Marc Andreessen, Mark Zuckerberg, Menlo Park, Mohammed Bouazizi, New Journalism, packet switching, place-making, Republic of Letters, sexual politics, social intelligence, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, theory of mind, yellow journalism

This sort of approach seems to have several benefits: its similarity to Facebook means little or no training is required; sharing documents and communicating via discussion threads is more efficient than using e-mail; it is easier to discover employees’ hidden knowledge and talents; and it makes it easier for far-flung teams to collaborate. A study by McKinsey and Company, a management consulting firm, found that the use of social networking within companies could increase the productivity of skilled knowledge workers by 20 to 25 percent and that the adoption of the technology in four industries (consumer goods, financial services, professional services, and advanced manufacturing) could create economic benefits worth between $900 billion and $1.3 trillion a year. Such predictions should always be taken with a very large dose of salt, but McKinsey found that 70 percent of companies were already using social technologies to some extent, and more than 90 percent said they were already benefitting as a result.


pages: 382 words: 92,138

The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato

Apple II, banking crisis, barriers to entry, Bretton Woods, business cycle, California gold rush, call centre, carbon footprint, carbon tax, Carmen Reinhart, circular economy, clean tech, computer age, creative destruction, credit crunch, David Ricardo: comparative advantage, demand response, deskilling, dual-use technology, endogenous growth, energy security, energy transition, eurozone crisis, everywhere but in the productivity statistics, Fairchild Semiconductor, Financial Instability Hypothesis, full employment, G4S, general purpose technology, green transition, Growth in a Time of Debt, Hyman Minsky, incomplete markets, information retrieval, intangible asset, invisible hand, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, knowledge economy, knowledge worker, linear model of innovation, natural language processing, new economy, offshore financial centre, Philip Mirowski, popular electronics, Post-Keynesian economics, profit maximization, Ralph Nader, renewable energy credits, rent-seeking, ride hailing / ride sharing, risk tolerance, Robert Solow, shareholder value, Silicon Valley, Silicon Valley ideology, smart grid, Solyndra, Steve Jobs, Steve Wozniak, The Wealth of Nations by Adam Smith, Tim Cook: Apple, Tony Fadell, too big to fail, total factor productivity, trickle-down economics, vertical integration, Washington Consensus, William Shockley: the traitorous eight

For example, the UK specializes in financial services, construction and creative industries (such as music) – all with relatively low needs for basic R&D. And there are many industries, especially in the service sector, that do no R&D at all. Yet these industries often employ large numbers of knowledge workers to generate, absorb and analyse information. If, all other things equal, these industries represented a smaller proportion of GDP, it would be easier for an economy to reach the 3 per cent target for R&D/GDP (which characterized both the European Commission’s Lisbon Agenda and the current EC 2020 agenda).


pages: 307 words: 88,180

AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee

"World Economic Forum" Davos, AI winter, Airbnb, Albert Einstein, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, artificial general intelligence, autonomous vehicles, barriers to entry, basic income, bike sharing, business cycle, Cambridge Analytica, cloud computing, commoditize, computer vision, corporate social responsibility, cotton gin, creative destruction, crony capitalism, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, deskilling, Didi Chuxing, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, full employment, future of work, general purpose technology, Geoffrey Hinton, gig economy, Google Chrome, Hans Moravec, happiness index / gross national happiness, high-speed rail, if you build it, they will come, ImageNet competition, impact investing, income inequality, informal economy, Internet of things, invention of the telegraph, Jeff Bezos, job automation, John Markoff, Kickstarter, knowledge worker, Lean Startup, low skilled workers, Lyft, machine translation, mandatory minimum, Mark Zuckerberg, Menlo Park, minimum viable product, natural language processing, Neil Armstrong, new economy, Nick Bostrom, OpenAI, pattern recognition, pirate software, profit maximization, QR code, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, risk tolerance, Robert Mercer, Rodney Brooks, Rubik’s Cube, Sam Altman, Second Machine Age, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, SoftBank, Solyndra, special economic zone, speech recognition, Stephen Hawking, Steve Jobs, strong AI, TED Talk, The Future of Employment, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, urban planning, vertical integration, Vision Fund, warehouse robotics, Y Combinator

While the two other GPTs ramped up productivity by deskilling the production of goods, ICT is instead often—though not always—skill biased in favor of high-skilled workers. Digital communications tools allow top performers to efficiently manage much larger organizations and reach much larger audiences. By breaking down the barriers to disseminating information, ICT empowers the world’s top knowledge workers and undercuts the economic role of many in the middle. Debates over how large a role ICT has played in job and wage stagnation in the United States are complex. Globalization, the decline of labor unions, and outsourcing are all factors here, providing economists with fodder for endless academic arguments.


pages: 358 words: 93,969

Climate Change by Joseph Romm

biodiversity loss, carbon footprint, carbon tax, clean tech, Climatic Research Unit, data science, decarbonisation, demand response, disinformation, Douglas Hofstadter, electricity market, Elon Musk, energy security, energy transition, failed state, gigafactory, hydraulic fracturing, hydrogen economy, Intergovernmental Panel on Climate Change (IPCC), knowledge worker, mass immigration, ocean acidification, performance metric, renewable energy transition, ride hailing / ride sharing, Ronald Reagan, Silicon Valley, Silicon Valley startup, the scientific method

Harvard researchers were interested in the impacts of longer exposures to CO2 (a full work day) for adult office workers, and combined effects of CO2, ventilation and volatile organic compounds. Despite any study design differences, the Harvard researchers report that “effects were consistent [with LBNL] a) in both study populations, [showing] that knowledge workers and students are equally impacted by CO2 and b) at different exposure durations, indicating that even short elevated exposures can have effects on cognitive function.” The LBNL study, the follow up, the Danish study, the Harvard study, and the original Hungarian study are not definitive answers to the important question of the impact of higher carbon dioxide levels on human decision-making.


pages: 282 words: 93,783

The Future Is Analog: How to Create a More Human World by David Sax

Alvin Toffler, augmented reality, autonomous vehicles, Bernie Sanders, big-box store, bike sharing, Black Lives Matter, blockchain, bread and circuses, Buckminster Fuller, Cal Newport, call centre, clean water, cognitive load, commoditize, contact tracing, contact tracing app, COVID-19, crowdsourcing, cryptocurrency, data science, David Brooks, deep learning, digital capitalism, Donald Trump, driverless car, Elon Musk, fiat currency, Francis Fukuyama: the end of history, future of work, gentrification, George Floyd, indoor plumbing, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Kickstarter, knowledge worker, lockdown, Lyft, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Minecraft, New Urbanism, nuclear winter, opioid epidemic / opioid crisis, Peter Thiel, RAND corporation, Ray Kurzweil, remote working, retail therapy, RFID, Richard Florida, ride hailing / ride sharing, Saturday Night Live, Shoshana Zuboff, side hustle, Sidewalk Labs, Silicon Valley, Silicon Valley startup, Skype, smart cities, social distancing, sovereign wealth fund, Steve Jobs, Superbowl ad, supply-chain management, surveillance capitalism, tech worker, technological singularity, technoutopianism, TED Talk, The Death and Life of Great American Cities, TikTok, Uber and Lyft, uber lyft, unemployed young men, urban planning, walkable city, Y2K, zero-sum game

The professionals who were able to work easily from home were those who did “knowledge work,” a sweeping category of economic activity that kind of pulled in anyone who already did most of their work with their minds, on computers, rather than by manipulating physical objects (boxes, machines, food, hammers). While certain categories of knowledge workers benefitted from highly focused, solitary work (book writers and software programmers, for example), most knowledge work required constant interactions with a diverse group of colleagues. Marketing, sales, strategy, management, and any of the other innumerable economic activities that happen inside an office are more fluid, less individualized and direct, and inherently conversational.


Lessons-Learned-in-Software-Testing-A-Context-Driven-Approach by Anson-QA

anti-pattern, Chuck Templeton: OpenTable:, finite state, framing effect, full employment, independent contractor, information retrieval, job automation, knowledge worker, lateral thinking, Ralph Nader, Richard Feynman, side project, Silicon Valley, statistical model, systems thinking, tacit knowledge, web application

If you declare there shall be no heroes in your company, you won't get any.[1] [1] For more on what we mean by heroes, read Sims and Manz (1996) and Lebow (1990). 176 Lesson 211: Treat your staff as executives Peter Drucker is often credited as the founder of modern management theory. In one of his excellent books, The Effective Executive, he teaches that an executive is anyone who manages the value of her own time and affects the ability of the organization to perform. Most knowledge workers are executives. Drucker points out that executives are always given more to do than they can possibly achieve. Effective ones pick a subset of tasks that they will do well and skip many other tasks entirely. Ineffective executives try to do everything, don't succeed, and don't do particularly well at much of what they did attempt.


pages: 281 words: 95,852

The Googlization of Everything: by Siva Vaidhyanathan

"Friedman doctrine" OR "shareholder theory", 1960s counterculture, activist fund / activist shareholder / activist investor, AltaVista, barriers to entry, Berlin Wall, borderless world, Burning Man, Cass Sunstein, choice architecture, cloud computing, commons-based peer production, computer age, corporate social responsibility, correlation does not imply causation, creative destruction, data acquisition, death of newspapers, digital divide, digital rights, don't be evil, Firefox, Francis Fukuyama: the end of history, full text search, global pandemic, global village, Google Earth, Great Leap Forward, Howard Rheingold, Ian Bogost, independent contractor, informal economy, information retrieval, John Markoff, Joseph Schumpeter, Kevin Kelly, knowledge worker, libertarian paternalism, market fundamentalism, Marshall McLuhan, means of production, Mikhail Gorbachev, moral panic, Naomi Klein, Network effects, new economy, Nicholas Carr, PageRank, Panopticon Jeremy Bentham, pirate software, radical decentralization, Ray Kurzweil, Richard Thaler, Ronald Reagan, side project, Silicon Valley, Silicon Valley ideology, single-payer health, Skype, Social Responsibility of Business Is to Increase Its Profits, social web, Steven Levy, Stewart Brand, technological determinism, technoutopianism, the long tail, The Nature of the Firm, The Structural Transformation of the Public Sphere, Thorstein Veblen, Tyler Cowen, urban decay, web application, Yochai Benkler, zero-sum game

It has always been the sort of place where those devoted to solving some of the biggest challenges in logic, mathematics, and linguistics can find a supportive yet challenging environment.41 It’s the paradigm of the sort of practice that has emerged quickly over the past twenty years and that now dominates the scientific agenda in many fields: entrepreneurial science—the intersection of academic “pure” science and industrial technoscience.42 This technocratic mode of organization is anything but new. In The Engineers and the Price System, a book published in 1921 that fell into 68 G O OG LE’S WAYS AND MEA NS immediate obscurity, the iconoclastic economist Thorstein Veblen identified a new class of what we now call knowledge workers. In the late years of the American Industrial Revolution, Veblen saw that the increase in efficiency of the production and distribution of goods was creating tremendous wealth for the class that owned the means of production yet who were unable to do the mathematics necessary to understand the systems that enriched them.


pages: 411 words: 95,852

Britain Etc by Mark Easton

agricultural Revolution, Albert Einstein, Boris Johnson, British Empire, credit crunch, digital divide, digital rights, drug harm reduction, financial independence, garden city movement, global village, Howard Rheingold, income inequality, intangible asset, James Watt: steam engine, John Perry Barlow, knowledge economy, knowledge worker, low skilled workers, mass immigration, moral panic, Neil Armstrong, Ronald Reagan, science of happiness, sexual politics, Silicon Valley, Simon Kuznets, Slavoj Žižek, social software, traumatic brain injury

The most recent figures published by the OECD show that while 34 per cent of British students end up graduating, it is over 40 per cent in Australia, Norway, Japan, Netherlands, New Zealand, Finland, and Denmark, and over 50 per cent in Poland, Russia and Iceland. Since the mid-1990s, many European countries have seen their graduation rates overtake the UK. Just processing lots of people through often meaningless degrees is not enough, of course. If Britain is going to do well in the twenty-first century, it needs to produce the right kind of knowledge workers, to recognise the skills and abilities that will be most sought after by the global economy. ‘Knowledge’ is a misunderstood word, perhaps. Being able to learn and recall bits of information is important but there is no shortage of people who can do that. And in our Google age, knowing facts may become less critical.


pages: 227 words: 32,306

Using Open Source Platforms for Business Intelligence: Avoid Pitfalls and Maximize Roi by Lyndsay Wise

barriers to entry, business intelligence, business process, call centre, cloud computing, commoditize, different worldview, en.wikipedia.org, Just-in-time delivery, knowledge worker, Richard Stallman, Salesforce, software as a service, statistical model, supply-chain management, the market place

A good example is reporting, whereby many organizations needed to create their own way of integrating multiple data types to try to get the most out of information, hence the importance placed on Excel. As time went on, as price points started to come down, and as businesses started expanding in relation to the use of personal computers, it was assumed that most knowledge workers did not require access to the source code behind the applications being used. This enabled broader use across the organization and ensured that only developers or those with in-depth knowledge could play around with the solution. Couple this with the fact that many organizations wanted to create and control their own methods and processes and proprietary software was born.


pages: 344 words: 96,690

Groundswell: Winning in a World Transformed by Social Technologies by Charlene Li, Josh Bernoff

business process, call centre, centre right, citizen journalism, crowdsourcing, demand response, Donald Trump, estate planning, Firefox, folksonomy, John Markoff, Kickstarter, knowledge worker, off-the-grid, Parler "social media", Salesforce, Silicon Valley, skunkworks, social bookmarking, social intelligence, Streisand effect, the long tail, Tony Hsieh

Fourth, policies and training. As more employees begin to participate, it’s crucial to have rules and guidelines, not just to prevent mistakes of the “Oops, I mistakenly revealed the product plan” variety, but to spread best practices learned from earlier applications. In a January 2010, survey of knowledge workers using social media, Forrester discovered that 43 percent say there is no social media policy at their workplace. This is a prescription for trouble! Finally, maturing measurement. Companies in the coordinating stage tie the value of social applications to metrics like sales, conversion rate, cost avoidance, or awareness that are mainline indicators of business health.


pages: 305 words: 101,743

Trick Mirror: Reflections on Self-Delusion by Jia Tolentino

4chan, Affordable Care Act / Obamacare, Airbnb, Alexander Shulgin, big-box store, Black Lives Matter, cloud computing, Comet Ping Pong, crowdsourcing, Donald Trump, financial independence, game design, Jeff Bezos, Jon Ronson, Kickstarter, knowledge worker, late capitalism, Lyft, Mark Zuckerberg, Mason jar, Norman Mailer, obamacare, pattern recognition, Peter Thiel, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, public intellectual, QR code, rent control, Saturday Night Live, selective serotonin reuptake inhibitor (SSRI), Sheryl Sandberg, Silicon Valley, Snapchat, Steve Bannon, Steve Jobs, TED Talk, TikTok, uber lyft, upwardly mobile, wage slave, white picket fence

The first, best chronicler of the chopped-salad economy’s accelerationist nightmare was Matt Buchanan, who wrote at The Awl in 2015: The chopped salad is engineered…to free one’s hand and eyes from the task of consuming nutrients, so that precious attention can be directed toward a small screen, where it is more urgently needed, so it can consume data: work email or Amazon’s nearly infinite catalog or Facebook’s actually infinite News Feed, where, as one shops for diapers or engages with the native advertising sprinkled between the not-hoaxes and baby photos, one is being productive by generating revenue for a large internet company, which is obviously good for the economy, or at least it is certainly better than spending lunch reading a book from the library, because who is making money from that? In a later Awl piece, Buchanan described the chopped salad as “the perfect mid-day nutritional replenishment for the mid-level modern knowledge worker” with “neither the time nor the inclination to eat a lunch…which would require more attention than the little needed for the automatic elliptical motion of the arm from bowl to face, jaw swinging open and then clamping shut over and over until the fork comes up empty and the vessel can be deposited in the garbage can under the desk.”


pages: 340 words: 101,675

A New History of the Future in 100 Objects: A Fiction by Adrian Hon

Adrian Hon, air gap, Anthropocene, augmented reality, blockchain, bounce rate, call centre, carbon credits, carbon tax, Cepheid variable, charter city, Clayton Christensen, clean water, cognitive dissonance, congestion charging, creative destruction, CRISPR, crowdsourcing, cryptocurrency, deepfake, defense in depth, discrete time, disinformation, disintermediation, driverless car, drone strike, food desert, game design, gamification, gravity well, hive mind, hydroponic farming, impulse control, income inequality, job automation, Kickstarter, Kim Stanley Robinson, knowledge worker, life extension, lifelogging, low earth orbit, machine translation, MITM: man-in-the-middle, moral panic, Neal Stephenson, no-fly zone, off grid, offshore financial centre, oil shale / tar sands, orbital mechanics / astrodynamics, peak oil, peer-to-peer, phenotype, planned obsolescence, post scarcity, precariat, precautionary principle, prediction markets, rewilding, Silicon Valley, skeuomorphism, Skype, smart contracts, social graph, South Sea Bubble, speech recognition, stem cell, Stewart Brand, synthetic biology, technoutopianism, telepresence, transfer pricing, tulip mania, Turing test, urban sprawl, Vernor Vinge, VTOL, working-age population

Taylor explains: If you look at the sociological literature of early twenty-first-century rich countries, you’ll see a spike for “precarity,” which meant a state of life without security or predictability. A life that had no stable work or leisure routines because people had no option but to work whenever work was available—whether late at night or on weekends or, sometimes, not at all. But the breakdown in routine wasn’t only happening for the precariat; it was also happening for so-called knowledge workers. They had the opportunity and the pressure to work from anywhere at any time for anyone, which understandably ruined their notion of the “nine-to-five” as well. And church and religion had long ceased to hold sway over most people’s time. It wasn’t until the ’30s and ’40s that structure began reappearing in lives.


pages: 426 words: 105,423

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss

Abraham Maslow, Albert Einstein, Amazon Mechanical Turk, Apollo 13, call centre, clean water, digital nomad, Donald Trump, drop ship, en.wikipedia.org, Firefox, fixed income, follow your passion, Ford Model T, fulfillment center, game design, global village, Iridium satellite, knowledge worker, language acquisition, late fees, lateral thinking, Maui Hawaii, oil shock, paper trading, Paradox of Choice, Parkinson's law, passive income, peer-to-peer, pre–internet, Ralph Waldo Emerson, remote working, risk tolerance, Ronald Reagan, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Vilfredo Pareto, wage slave, William of Occam

[Note from Tim: Learn more about the incredible world of medical tourism and geoarbitrage at http://en.wikipedia.org/wiki/Medical_tourism. Even large insurers like AETNA often cover overseas treatments and surgeries.] —ANONYMOUS 12. This habit alone can change your life. It seems small but has an enormous effect. 13. Jonathan B. Spira and Joshua B. Feintuch, The Cost of Not Paying Attention: How Interruptions Impact Knowledge Worker Productivity (Basex, 2005). Step III: A is for Automation SCOTTY: She’s all yours, sir. All systems automated and ready. A chimpanzee and two trainees could run her! CAPTAIN KIRK: Thank you, Mr. Scott. I’ll try not to take that personally. —STAR TREK Outsourcing Life OFF-LOADING THE REST AND A TASTE OF GEOARBITRAGE14 A man is rich in proportion to the number of things he can afford to let alone.


pages: 378 words: 110,518

Postcapitalism: A Guide to Our Future by Paul Mason

air traffic controllers' union, Alan Greenspan, Alfred Russel Wallace, bank run, banking crisis, banks create money, Basel III, basic income, Bernie Madoff, Bill Gates: Altair 8800, bitcoin, Bletchley Park, Branko Milanovic, Bretton Woods, BRICs, British Empire, business cycle, business process, butterfly effect, call centre, capital controls, carbon tax, Cesare Marchetti: Marchetti’s constant, Claude Shannon: information theory, collaborative economy, collective bargaining, commons-based peer production, Corn Laws, corporate social responsibility, creative destruction, credit crunch, currency manipulation / currency intervention, currency peg, David Graeber, deglobalization, deindustrialization, deskilling, discovery of the americas, disinformation, Downton Abbey, drone strike, en.wikipedia.org, energy security, eurozone crisis, factory automation, false flag, financial engineering, financial repression, Firefox, Fractional reserve banking, Frederick Winslow Taylor, fulfillment center, full employment, future of work, game design, Glass-Steagall Act, green new deal, guns versus butter model, Herbert Marcuse, income inequality, inflation targeting, informal economy, information asymmetry, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Perry Barlow, Joseph Schumpeter, Kenneth Arrow, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, late capitalism, low interest rates, low skilled workers, market clearing, means of production, Metcalfe's law, microservices, middle-income trap, Money creation, money: store of value / unit of account / medium of exchange, mortgage debt, Network effects, new economy, Nixon triggered the end of the Bretton Woods system, Norbert Wiener, Occupy movement, oil shale / tar sands, oil shock, Paul Samuelson, payday loans, Pearl River Delta, post-industrial society, power law, precariat, precautionary principle, price mechanism, profit motive, quantitative easing, race to the bottom, RAND corporation, rent-seeking, reserve currency, RFID, Richard Stallman, Robert Gordon, Robert Metcalfe, scientific management, secular stagnation, sharing economy, Stewart Brand, structural adjustment programs, supply-chain management, technological determinism, The Future of Employment, the scientific method, The Wealth of Nations by Adam Smith, Transnistria, Twitter Arab Spring, union organizing, universal basic income, urban decay, urban planning, vertical integration, Vilfredo Pareto, wages for housework, WikiLeaks, women in the workforce, Yochai Benkler

Drucker guessed that the solution must be to connect, creatively, the different knowledge disciplines: ‘The capacity to connect may be inborn and part of that mystery we call genius. But to a large extent to connect and thus raise the yield of existing knowledge, whether for an individual, for a team or for an entire organisation, is learnable.’8 The challenge was to train knowledge workers to make the kind of connections that the brain of an Einstein would make spontaneously. Drucker’s solution was straight out of the playbook of management theory: a methodology, a project plan, better training. Humanity came up with a better solution: the network. This was not the result of any centralized plan or management group, but the spontaneous interaction of people using information pathways and forms of organization that did not exist until twenty-five years ago.


pages: 394 words: 108,215

What the Dormouse Said: How the Sixties Counterculture Shaped the Personal Computer Industry by John Markoff

Any sufficiently advanced technology is indistinguishable from magic, Apple II, back-to-the-land, beat the dealer, Bill Duvall, Bill Gates: Altair 8800, Buckminster Fuller, California gold rush, card file, computer age, Computer Lib, computer vision, conceptual framework, cuban missile crisis, different worldview, digital divide, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Thorp, El Camino Real, Electric Kool-Aid Acid Test, Fairchild Semiconductor, General Magic , general-purpose programming language, Golden Gate Park, Hacker Ethic, Hans Moravec, hypertext link, informal economy, information retrieval, invention of the printing press, Ivan Sutherland, Jeff Rulifson, John Markoff, John Nash: game theory, John von Neumann, Kevin Kelly, knowledge worker, Lewis Mumford, Mahatma Gandhi, Menlo Park, military-industrial complex, Mother of all demos, Norbert Wiener, packet switching, Paul Terrell, popular electronics, punch-card reader, QWERTY keyboard, RAND corporation, RFC: Request For Comment, Richard Stallman, Robert X Cringely, Sand Hill Road, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, speech recognition, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, technological determinism, Ted Nelson, The Hackers Conference, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, Turing test, union organizing, Vannevar Bush, We are as Gods, Whole Earth Catalog, William Shockley: the traitorous eight

Often, the operator wouldn’t even know that the Utah computer was networked, and Andrews would have to tell him: “Go over to the far corner of the room where that box is sitting and flip switches three and five and press the button.”9 Now that the network finally existed, it should have been the crowning glory of Engelbart’s system for augmenting the human intellect. NLS should have become the original killer app. It wasn’t. The limited bandwidth of the new network, coupled with the intricacies of using NLS, conspired against Engelbart’s vision of spreading his system to knowledge workers around the world. For all its power, the NLS system’s lack of a welcoming audience beyond SRI was ultimately Engelbart’s greatest failure. For those who mastered its complexities, NLS offered editing, retrieval, and communications capabilities that in many ways have not been matched today. But the system was not easy to learn, it required training and a significant personal commitment, and its availability via the ARPAnet did not draw a flood of users.


pages: 358 words: 106,729

Fault Lines: How Hidden Fractures Still Threaten the World Economy by Raghuram Rajan

"World Economic Forum" Davos, accounting loophole / creative accounting, Alan Greenspan, Andrei Shleifer, Asian financial crisis, asset-backed security, assortative mating, bank run, barriers to entry, Bear Stearns, behavioural economics, Bernie Madoff, Bretton Woods, business climate, business cycle, carbon tax, Clayton Christensen, clean water, collapse of Lehman Brothers, collateralized debt obligation, colonial rule, corporate governance, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, currency manipulation / currency intervention, currency risk, diversification, Edward Glaeser, financial innovation, fixed income, floating exchange rates, full employment, Glass-Steagall Act, global supply chain, Goldman Sachs: Vampire Squid, Greenspan put, illegal immigration, implied volatility, income inequality, index fund, interest rate swap, Joseph Schumpeter, Kaizen: continuous improvement, Kenneth Rogoff, knowledge worker, labor-force participation, Long Term Capital Management, longitudinal study, low interest rates, machine readable, market bubble, Martin Wolf, medical malpractice, microcredit, money market fund, moral hazard, new economy, Northern Rock, offshore financial centre, open economy, Phillips curve, price stability, profit motive, proprietary trading, Real Time Gross Settlement, Richard Florida, Richard Thaler, risk tolerance, Robert Shiller, Ronald Reagan, Savings and loan crisis, school vouchers, seminal paper, short selling, sovereign wealth fund, tail risk, The Great Moderation, the payments system, The Wealth of Nations by Adam Smith, too big to fail, upwardly mobile, Vanguard fund, women in the workforce, World Values Survey

And once individuals complete their formal education, employers play an important role in training them further and encouraging them to continue building their human capital on the job. Such on-the-job development will become more important as the length of our working life increases: the typical knowledge worker may now work for nearly half a century after formal education ends. In what follows, I describe some of the important ways the quality of human capital can be improved in the United States.3 Disadvantages Begin Early The foundation for success in life is laid early. We cannot do anything about the genes a child is endowed with, but nutrition during pregnancy and in early childhood makes an enormous difference to a child’s intelligence and health later in life.


pages: 367 words: 108,689

Broke: How to Survive the Middle Class Crisis by David Boyle

anti-communist, AOL-Time Warner, banking crisis, Berlin Wall, Big bang: deregulation of the City of London, Bonfire of the Vanities, bonus culture, call centre, collateralized debt obligation, corporate raider, Credit Default Swap, credit default swaps / collateralized debt obligations, deindustrialization, delayed gratification, Desert Island Discs, Eugene Fama: efficient market hypothesis, eurozone crisis, Fall of the Berlin Wall, financial deregulation, financial independence, financial innovation, financial intermediation, Francis Fukuyama: the end of history, Frederick Winslow Taylor, gentrification, Goodhart's law, housing crisis, income inequality, Jane Jacobs, job satisfaction, John Bogle, junk bonds, Kickstarter, knowledge economy, knowledge worker, low interest rates, market fundamentalism, Martin Wolf, Mary Meeker, mega-rich, Money creation, mortgage debt, Neil Kinnock, Nelson Mandela, new economy, Nick Leeson, North Sea oil, Northern Rock, Ocado, Occupy movement, off grid, offshore financial centre, pension reform, pensions crisis, Plutonomy: Buying Luxury, Explaining Global Imbalances, Ponzi scheme, positional goods, precariat, quantitative easing, school choice, scientific management, Slavoj Žižek, social intelligence, subprime mortgage crisis, too big to fail, trickle-down economics, Vanguard fund, Walter Mischel, wealth creators, Winter of Discontent, work culture , working poor

Fast-forward nearly three decades, and there was Sebastian Cresswell-Turner writing sadly in The Times about the discovery that he could no longer afford the life his parents had. ‘The poor aren’t the only ones who are getting poorer,’ he wrote, describing the effects of twenty-seven years of accelerating house prices. ‘Whole swathes of the professional classes are too’: An unmarried and badly paid knowledge worker, I live in a rented room in Hammersmith and have no hope of ever buying a home anywhere. Indeed, when I return to the agreeable parts of central London that I know so well from earlier periods of my life, I realise that I am looking at the attractive stucco houses in just the same way that a tramp looks through the restaurant window at a group of people enjoying a carefree meal.


pages: 344 words: 104,077

Superminds: The Surprising Power of People and Computers Thinking Together by Thomas W. Malone

Abraham Maslow, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Amazon Mechanical Turk, Apple's 1984 Super Bowl advert, Asperger Syndrome, Baxter: Rethink Robotics, bitcoin, blockchain, Boeing 747, business process, call centre, carbon tax, clean water, Computing Machinery and Intelligence, creative destruction, crowdsourcing, data science, deep learning, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, drone strike, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, experimental economics, Exxon Valdez, Ford Model T, future of work, Future Shock, Galaxy Zoo, Garrett Hardin, gig economy, happiness index / gross national happiness, independent contractor, industrial robot, Internet of things, invention of the telegraph, inventory management, invisible hand, Jeff Rulifson, jimmy wales, job automation, John Markoff, Joi Ito, Joseph Schumpeter, Kenneth Arrow, knowledge worker, longitudinal study, Lyft, machine translation, Marshall McLuhan, Nick Bostrom, Occupy movement, Pareto efficiency, pattern recognition, prediction markets, price mechanism, radical decentralization, Ray Kurzweil, Rodney Brooks, Ronald Coase, search costs, Second Machine Age, self-driving car, Silicon Valley, slashdot, social intelligence, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, technological singularity, The Nature of the Firm, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Tim Cook: Apple, Tragedy of the Commons, transaction costs, Travis Kalanick, Uber for X, uber lyft, Vernor Vinge, Vilfredo Pareto, Watson beat the top human players on Jeopardy!

Organization theorists have studied questions about how this process works under the heading of “transactive memory.” See, for example, Daniel M. Wegner, “Transactive Memory: A Contemporary Analysis of the Group Mind,” in Theories of Group Behavior, ed. Brian Mullen and George R. Goethals (New York: Springer Verlag, 1987), 185–208; Kyle Lewis, “Knowledge and Performance in Knowledge-Worker Teams: A Longitudinal Study of Transactive Memory Systems,” Management Science 50 (2004): 1,519–33, doi:10.1287/mnsc.1040.0257; Kyle Lewis and Benjamin Herndon, “The Relevance of Transactive Memory Systems for Complex, Dynamic Group Tasks,” Organization Science 22, no. 5 (2011): 1,254–65, doi:10.1287/orsc.1110.0647; Linda Argote and Yuqing Ren, “Transactive Memory Systems: A Microfoundation of Dynamic Capabilities,” Journal of Management Studies 49, no. 8 (2012): 1,375–82, doi:10.1111/j.1467-6486.2012.01077.x; Andrea B.


pages: 459 words: 103,153

Adapt: Why Success Always Starts With Failure by Tim Harford

An Inconvenient Truth, Andrew Wiles, banking crisis, Basel III, behavioural economics, Berlin Wall, Bernie Madoff, Black Swan, Boeing 747, business logic, car-free, carbon footprint, carbon tax, Cass Sunstein, charter city, Clayton Christensen, clean water, cloud computing, cognitive dissonance, complexity theory, corporate governance, correlation does not imply causation, creative destruction, credit crunch, Credit Default Swap, crowdsourcing, cuban missile crisis, Daniel Kahneman / Amos Tversky, Dava Sobel, Deep Water Horizon, Deng Xiaoping, disruptive innovation, double entry bookkeeping, Edmond Halley, en.wikipedia.org, Erik Brynjolfsson, experimental subject, Fall of the Berlin Wall, Fermat's Last Theorem, financial engineering, Firefox, food miles, Gerolamo Cardano, global supply chain, Great Leap Forward, Herman Kahn, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, Jane Jacobs, Jarndyce and Jarndyce, Jarndyce and Jarndyce, John Harrison: Longitude, knowledge worker, loose coupling, Martin Wolf, mass immigration, Menlo Park, Mikhail Gorbachev, mutually assured destruction, Netflix Prize, New Urbanism, Nick Leeson, PageRank, Piper Alpha, profit motive, Richard Florida, Richard Thaler, rolodex, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, South China Sea, SpaceShipOne, special economic zone, spectrum auction, Steve Jobs, supply-chain management, tacit knowledge, the market place, The Wisdom of Crowds, too big to fail, trade route, Tyler Cowen, Tyler Cowen: Great Stagnation, Virgin Galactic, web application, X Prize, zero-sum game

Over the past few decades, the number of people employed in research and development in the world’s leading economies has been rising dramatically, but productivity growth has been flat. Yes, there are more patents filed – but the number of patents produced per researcher, or per research dollar, has been falling. We may have booming universities and armies of knowledge workers, but when it comes to producing new ideas, we are running to stand still. This is particularly worrying because we are hoping that new technology will solve so many of our problems. Consider climate change: Bjorn Lomborg, famous as ‘the sceptical environmentalist’ who thinks we worry too much about climate change and not enough about clean water or malaria, argues that we should be spending fifty times more on research and development into clean energy and geoengineering.


pages: 364 words: 104,697

Were You Born on the Wrong Continent? by Thomas Geoghegan

Alan Greenspan, Albert Einstein, American Society of Civil Engineers: Report Card, An Inconvenient Truth, banking crisis, Bear Stearns, Berlin Wall, Bob Geldof, business logic, collective bargaining, corporate governance, cross-subsidies, dark matter, David Brooks, declining real wages, deindustrialization, disinformation, Easter island, ending welfare as we know it, facts on the ground, Gini coefficient, Glass-Steagall Act, haute cuisine, high-speed rail, income inequality, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, laissez-faire capitalism, low skilled workers, Martin Wolf, McJob, military-industrial complex, minimum wage unemployment, mittelstand, offshore financial centre, Paul Samuelson, payday loans, pensions crisis, plutocrats, Prenzlauer Berg, purchasing power parity, Ralph Waldo Emerson, Robert Gordon, Ronald Reagan: Tear down this wall, Saturday Night Live, Silicon Valley, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, union organizing, Wolfgang Streeck, women in the workforce

And as the kids learn a skill, they work and get paid in an employer-union setting; they receive not just a skill but a political education, too. That is, as they receive a skill that they can later use to get a higher wage, they are “taught,” or at least “made aware” of, how not to use it, i.e., to collectively withhold it to get a better deal. Otherwise, they are merely generic “knowledge workers” who can use a computer but have no real specialized skills to withhold. That’s why, to our astonishment, the German unionization rate is higher in the manufacturing or “export” sector (80 percent) than it is in the public or civil-servant sector (40 percent). In the U.S. or the UK, it’s quite the reverse.


Drunk: How We Sipped, Danced, and Stumbled Our Way to Civilization by Edward Slingerland

agricultural Revolution, Alexander Shulgin, Any sufficiently advanced technology is indistinguishable from magic, Burning Man, classic study, collective bargaining, coronavirus, COVID-19, Day of the Dead, delayed gratification, Deng Xiaoping, disruptive innovation, Drosophila, experimental economics, germ theory of disease, global pandemic, Google Hangouts, hive mind, invention of agriculture, John Markoff, knowledge worker, land reform, lateral thinking, lockdown, lone genius, meta-analysis, microdosing, Picturephone, placebo effect, post-work, Ralph Waldo Emerson, search costs, Silicon Valley, Skype, social intelligence, Steve Ballmer, Steve Jobs, Steven Pinker, sugar pill, TED Talk, Tragedy of the Commons, WeWork, women in the workforce, work culture , Zenefits

LSD was instrumental in the creative design process that gave rise to circuit chips, and Apple founder Steve Jobs claimed that his experiments with LSD ranked as some of his most important life experiences.23 The synergy between San Francisco drug-based hippy culture and Silicon Valley innovation has been replayed in other places around the globe, from Berlin to Beijing, where intoxicant-heavy underground or bohemian cultures have rubbed shoulders with new industries dependent on creative insight rather than manufacturing muscle.24 A modern twist in hallucinogen use—a trend pioneered, as one might expect, in Silicon Valley—is making psychedelics easier to integrate into everyday life through the practice of “microdosing.”25 Microdosing involves taking frequent but small amounts of purified LSD or psilocybin, on the order of one-tenth of the normal dose, to induce mild, but sustainable, highs. The journalist Emma Hogan has documented widespread microdosing among knowledge workers in the San Francisco Bay Area.26 One interviewee, “Nathan,” credits microdosed LSD with increasing his productivity, giving him a creative edge, and magnifying his impact at investor-pitch meetings. “I view it as my little treat. My secret vitamin,” he told her. “It’s like taking spinach and you’re Popeye.”


pages: 363 words: 109,077

The Raging 2020s: Companies, Countries, People - and the Fight for Our Future by Alec Ross

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Affordable Care Act / Obamacare, air gap, air traffic controllers' union, Airbnb, Albert Einstein, An Inconvenient Truth, autonomous vehicles, barriers to entry, benefit corporation, Bernie Sanders, Big Tech, big-box store, British Empire, call centre, capital controls, clean water, collective bargaining, computer vision, coronavirus, corporate governance, corporate raider, COVID-19, deep learning, Deng Xiaoping, Didi Chuxing, disinformation, Dissolution of the Soviet Union, Donald Trump, Double Irish / Dutch Sandwich, drone strike, dumpster diving, employer provided health coverage, Francis Fukuyama: the end of history, future of work, general purpose technology, gig economy, Gini coefficient, global supply chain, Goldman Sachs: Vampire Squid, Gordon Gekko, greed is good, high-speed rail, hiring and firing, income inequality, independent contractor, information security, intangible asset, invisible hand, Jeff Bezos, knowledge worker, late capitalism, low skilled workers, Lyft, Marc Andreessen, Marc Benioff, mass immigration, megacity, military-industrial complex, minimum wage unemployment, mittelstand, mortgage tax deduction, natural language processing, Oculus Rift, off-the-grid, offshore financial centre, open economy, OpenAI, Parag Khanna, Paris climate accords, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, Robert Bork, rolodex, Ronald Reagan, Salesforce, self-driving car, shareholder value, side hustle, side project, Silicon Valley, smart cities, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, sparse data, special economic zone, Steven Levy, stock buybacks, strikebreaker, TaskRabbit, tech bro, tech worker, transcontinental railway, transfer pricing, Travis Kalanick, trickle-down economics, Uber and Lyft, uber lyft, union organizing, Upton Sinclair, vertical integration, working poor

This will have starved governments of the resources needed to rebuild infrastructure or strengthen safety nets. In order for Australia and the European countries to maintain the high level of social benefits they had at the beginning of the 2020s, they will have closed immigration to all but high-end knowledge workers. The US, by contrast, will have accelerated the individualization of its social contract and safety net, simultaneously surrendering to the logic of market forces and borrowing from China’s tech-enabled social scoring system. People will compete for health care, training, and unemployment coverage, with benefits apportioned to those who have put in the most hours of work and received the best reviews from employers on the app that manages their work.


pages: 382 words: 105,657

Flying Blind: The 737 MAX Tragedy and the Fall of Boeing by Peter Robison

"Friedman doctrine" OR "shareholder theory", air traffic controllers' union, Airbnb, Airbus A320, airline deregulation, airport security, Alvin Toffler, Boeing 737 MAX, Boeing 747, call centre, chief data officer, contact tracing, coronavirus, corporate governance, COVID-19, Donald Trump, flag carrier, Future Shock, interest rate swap, Internet Archive, knowledge worker, lockdown, low cost airline, low interest rates, medical residency, Neil Armstrong, performance metric, Ralph Nader, RAND corporation, Robert Mercer, Ronald Reagan, shareholder value, Silicon Valley, Silicon Valley startup, single-payer health, Social Responsibility of Business Is to Increase Its Profits, stock buybacks, too big to fail, Unsafe at Any Speed, vertical integration, éminence grise

The Teal Group analyst Richard Aboulafia wrote a 2015 article in Forbes arguing that building a commercial jet wasn’t the kind of manufacturing that responded to the usual corporate playbook, those strategies that Boeing leaders since Harry Stonecipher had executed, with investors reaping the greatest benefit. It depended instead on knowledgeable workers and continuous learning. In just a few years, his headline would read as prophecy: “Boeing Will Pay High Price for McNerney’s Mistake of Treating Aviation Like It Was Any Other Industry.” * * * — Mondays at 6:30 a.m., if he wasn’t traveling, Dennis Muilenburg joined a handful of colleagues for Bible study.


pages: 371 words: 107,141

You've Been Played: How Corporations, Governments, and Schools Use Games to Control Us All by Adrian Hon

"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", 4chan, Adam Curtis, Adrian Hon, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Astronomia nova, augmented reality, barriers to entry, Bellingcat, Big Tech, bitcoin, bread and circuses, British Empire, buy and hold, call centre, computer vision, conceptual framework, contact tracing, coronavirus, corporate governance, COVID-19, crowdsourcing, cryptocurrency, David Graeber, David Sedaris, deep learning, delayed gratification, democratizing finance, deplatforming, disinformation, disintermediation, Dogecoin, electronic logging device, Elon Musk, en.wikipedia.org, Ethereum, fake news, fiat currency, Filter Bubble, Frederick Winslow Taylor, fulfillment center, Galaxy Zoo, game design, gamification, George Floyd, gig economy, GitHub removed activity streaks, Google Glasses, Hacker News, Hans Moravec, Ian Bogost, independent contractor, index fund, informal economy, Jeff Bezos, job automation, jobs below the API, Johannes Kepler, Kevin Kelly, Kevin Roose, Kickstarter, Kiva Systems, knowledge worker, Lewis Mumford, lifelogging, linked data, lockdown, longitudinal study, loss aversion, LuLaRoe, Lyft, Marshall McLuhan, megaproject, meme stock, meta-analysis, Minecraft, moral panic, multilevel marketing, non-fungible token, Ocado, Oculus Rift, One Laptop per Child (OLPC), orbital mechanics / astrodynamics, Parler "social media", passive income, payment for order flow, prisoner's dilemma, QAnon, QR code, quantitative trading / quantitative finance, r/findbostonbombers, replication crisis, ride hailing / ride sharing, Robinhood: mobile stock trading app, Ronald Coase, Rubik’s Cube, Salesforce, Satoshi Nakamoto, scientific management, shareholder value, sharing economy, short selling, short squeeze, Silicon Valley, SimCity, Skinner box, spinning jenny, Stanford marshmallow experiment, Steve Jobs, Stewart Brand, TED Talk, The Nature of the Firm, the scientific method, TikTok, Tragedy of the Commons, transaction costs, Twitter Arab Spring, Tyler Cowen, Uber and Lyft, uber lyft, urban planning, warehouse robotics, Whole Earth Catalog, why are manhole covers round?, workplace surveillance

Michael Shulman, “Perfectionism Among Young People Significantly Increased Since 1980s, Study Finds,” American Psychological Association, January 2, 2018, www.apa.org/news/press/releases/2018/01/perfectionism-young-people. 41. “Sharpen Your Brain, Soothe Your Mind: App Store Story,” App Store Preview, Apple, accessed November 26, 2021, https://apps.apple.com/gb/story/id1490260198. 42. Josh Zumbrun, “The Rise of Knowledge Workers Is Accelerating Despite the Threat of Automation,” Economics Blog, Wall Street Journal, May 4, 2016, www.wsj.com/articles/BL-REB-35617. 43. “Dementia,” World Health Organization, updated September 2, 2021, www.who.int/news-room/fact-sheets/detail/dementia. 44. Felix Atkin, “Dr Kawashima’s Body and Brain Exercises for Kinect—Review,” Guardian, February 5, 2011, www.theguardian.com/technology/2011/feb/06/dr-kawashima-brain-training-xbox. 45.


pages: 401 words: 115,959

Philanthrocapitalism by Matthew Bishop, Michael Green, Bill Clinton

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, Albert Einstein, An Inconvenient Truth, anti-communist, AOL-Time Warner, barriers to entry, battle of ideas, Bernie Madoff, Big Tech, Bob Geldof, Bonfire of the Vanities, business process, business process outsourcing, Charles Lindbergh, clean tech, clean water, corporate governance, corporate social responsibility, Dava Sobel, David Ricardo: comparative advantage, digital divide, do well by doing good, don't be evil, family office, financial innovation, full employment, global pandemic, global village, Global Witness, God and Mammon, Hernando de Soto, high net worth, Ida Tarbell, Intergovernmental Panel on Climate Change (IPCC), invisible hand, James Dyson, John Elkington, John Harrison: Longitude, joint-stock company, junk bonds, knowledge economy, knowledge worker, Larry Ellison, Live Aid, lone genius, Marc Andreessen, Marc Benioff, market bubble, mass affluent, Michael Milken, microcredit, Mikhail Gorbachev, Neil Armstrong, Nelson Mandela, new economy, offshore financial centre, old-boy network, PalmPilot, peer-to-peer lending, performance metric, Peter Singer: altruism, plutocrats, profit maximization, profit motive, Richard Feynman, risk tolerance, risk-adjusted returns, Ronald Coase, Ronald Reagan, Salesforce, scientific management, seminal paper, shareholder value, Silicon Valley, Slavoj Žižek, South Sea Bubble, sovereign wealth fund, SpaceShipOne, stem cell, Steve Jobs, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Malthus, Thorstein Veblen, trade liberalization, transaction costs, trickle-down economics, Tyler Cowen, wealth creators, winner-take-all economy, working poor, World Values Survey, X Prize

He also deserves to be remembered as the original guru of philanthrocapitalism. Drucker wrote thirty-nine books, among them The Concept of the Corporation, The Practice of Management, The Future of Industrial Man, and Post-Capitalist Society. An advocate of “scientific management” and “management by objective,” he made famous the term “knowledge worker,” reflecting his fascination with the growing importance in the modern “knowledge economy” of people who work with their minds, rather than their hands. In his later years, the Austrian-born Drucker became increasingly focused on the nonprofit sector, which he saw as having a crucial role in building community and gluing society together, yet needing better management.


pages: 425 words: 112,220

The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture by Scott Belsky

23andMe, 3D printing, Airbnb, Albert Einstein, Anne Wojcicki, augmented reality, autonomous vehicles, behavioural economics, Ben Horowitz, bitcoin, blockchain, Chuck Templeton: OpenTable:, commoditize, correlation does not imply causation, cryptocurrency, data science, delayed gratification, DevOps, Donald Trump, Elon Musk, endowment effect, fake it until you make it, hiring and firing, Inbox Zero, iterative process, Jeff Bezos, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, Marshall McLuhan, minimum viable product, move fast and break things, NetJets, Network effects, new economy, old-boy network, Paradox of Choice, pattern recognition, Paul Graham, private spaceflight, reality distortion field, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, Silicon Valley, skeuomorphism, slashdot, Snapchat, Steve Jobs, subscription business, sugar pill, systems thinking, TaskRabbit, TED Talk, the medium is the message, Tony Fadell, Travis Kalanick, Uber for X, uber lyft, WeWork, Y Combinator, young professional

You would build a network and gain respect based on your performance rather than where you received a degree or who you knew. This era of apprenticeship is now a relic of history. Somewhere along the line we decided to economize and scale education. Given the time-intensive and intimate nature of apprenticeships, and the rise of the knowledge worker, we sought to train more people at once with a streamlined curriculum. Even technical and craft-based educations have become less one-on-one and more institutionalized. As we scaled learning by bringing it into the classroom, we compromised the intense learning that happened in the field. We traded experiential learning for a more standardized but less hands-on approach to education.


pages: 464 words: 116,945

Seventeen Contradictions and the End of Capitalism by David Harvey

accounting loophole / creative accounting, Alvin Toffler, bitcoin, Branko Milanovic, Bretton Woods, BRICs, British Empire, business climate, California gold rush, call centre, central bank independence, Charles Babbage, classic study, clean water, cloud computing, collapse of Lehman Brothers, colonial rule, company town, cotton gin, creative destruction, Credit Default Swap, David Ricardo: comparative advantage, death from overwork, deindustrialization, demographic dividend, Deng Xiaoping, deskilling, drone strike, end world poverty, falling living standards, fiat currency, first square of the chessboard, first square of the chessboard / second half of the chessboard, Food sovereignty, Frank Gehry, future of work, gentrification, global reserve currency, Great Leap Forward, Guggenheim Bilbao, Gunnar Myrdal, Herbert Marcuse, income inequality, informal economy, invention of the steam engine, invisible hand, Isaac Newton, Jane Jacobs, Jarndyce and Jarndyce, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Just-in-time delivery, knowledge worker, low skilled workers, Mahatma Gandhi, market clearing, Martin Wolf, means of production, microcredit, military-industrial complex, Money creation, Murray Bookchin, new economy, New Urbanism, Occupy movement, peak oil, phenotype, planned obsolescence, plutocrats, Ponzi scheme, quantitative easing, rent-seeking, reserve currency, road to serfdom, Robert Gordon, Ronald Reagan, Savings and loan crisis, scientific management, short selling, Silicon Valley, special economic zone, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, wages for housework, Wall-E, women in the workforce, working poor, working-age population

The idea that the new technologies will create jobs at a pace to compensate for these losses ‘is pure fantasy’. Furthermore, the idea that it will only be the low-paying routine jobs that will be eliminated and not high-paying skilled jobs (radiologists, doctors, university professors, airline pilots and the like) is misguided. ‘In the future, automation will fall heavily on knowledge workers and in particular on highly paid workers.’ Ford concludes: ‘Allowing these jobs to be eliminated by the millions, without any concrete plan to handle the issues that will result, is a clear recipe for disaster.’ 10 But what sort of disaster are we looking at? Larger and larger segments of the world’s population will be considered redundant and disposable as productive workers from the standpoint of capital and will have a hard time surviving both materially and psychologically.


pages: 561 words: 114,843

Startup CEO: A Field Guide to Scaling Up Your Business, + Website by Matt Blumberg

activist fund / activist shareholder / activist investor, airport security, Albert Einstein, AOL-Time Warner, bank run, Ben Horowitz, Blue Ocean Strategy, book value, Broken windows theory, crowdsourcing, deskilling, fear of failure, financial engineering, high batting average, high net worth, hiring and firing, Inbox Zero, James Hargreaves, Jeff Bezos, job satisfaction, Kickstarter, knowledge economy, knowledge worker, Lean Startup, Mark Zuckerberg, minimum viable product, pattern recognition, performance metric, pets.com, rolodex, Rubik’s Cube, Salesforce, shareholder value, Silicon Valley, Skype

Even being well paid as a first-year analyst out of college, the hourly rate was dreadful. Thinking about that 121 gives me the shivers today—and it certainly puts those 40, 50, 60, even 70-hour work weeks in perspective. All of those still let you have a life. An average week of 40 hours probably doesn’t make sense for a high-growth company of relatively well-paid knowledge workers. At 121, you barely get to shower and sleep. While you may get a lot done working like a dog, you don’t get a lot more done hour for hour relative to productive people do in a 50-hour-per-week environment. Certainly not twice as much. People who say they thrive on that kind of pressure are simply lying—or, to be fair, not lying but rationalizing the amount of time they spend at work.


pages: 397 words: 110,130

Smarter Than You Think: How Technology Is Changing Our Minds for the Better by Clive Thompson

4chan, A Declaration of the Independence of Cyberspace, Andy Carvin, augmented reality, barriers to entry, behavioural economics, Benjamin Mako Hill, butterfly effect, citizen journalism, Claude Shannon: information theory, compensation consultant, conceptual framework, context collapse, corporate governance, crowdsourcing, Deng Xiaoping, digital rights, discovery of penicillin, disruptive innovation, Douglas Engelbart, Douglas Engelbart, drone strike, Edward Glaeser, Edward Thorp, en.wikipedia.org, Evgeny Morozov, experimental subject, Filter Bubble, folksonomy, Freestyle chess, Galaxy Zoo, Google Earth, Google Glasses, Gunnar Myrdal, guns versus butter model, Henri Poincaré, hindsight bias, hive mind, Howard Rheingold, Ian Bogost, information retrieval, iterative process, James Bridle, jimmy wales, John Perry Barlow, Kevin Kelly, Khan Academy, knowledge worker, language acquisition, lifelogging, lolcat, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Netflix Prize, Nicholas Carr, Panopticon Jeremy Bentham, patent troll, pattern recognition, pre–internet, public intellectual, Richard Feynman, Ronald Coase, Ronald Reagan, Rubik’s Cube, sentiment analysis, Silicon Valley, Skype, Snapchat, Socratic dialogue, spaced repetition, superconnector, telepresence, telepresence robot, The future is already here, The Nature of the Firm, the scientific method, the strength of weak ties, The Wisdom of Crowds, theory of mind, transaction costs, Twitter Arab Spring, Two Sigma, Vannevar Bush, Watson beat the top human players on Jeopardy!, WikiLeaks, X Prize, éminence grise

As I watched it deftly intuit puns, juggle millennia’s worth of information, and tear through human opponents like some sort of bionic brain-shark, a technological dystopia unfolded in my grim imagination. This is it! We’re finally doomed. I could imagine Watson-like AI slowly colonizing our world. Knowledge workers would be tossed out of their jobs. Shows like Jeopardy!—indeed, all feats of human intellectual legerdemain—would become irrelevant. And as we all started walking around with copies of Watson in our wearable computers, we’d get mentally lazier, relying on it to transactively retrieve every piece of knowledge, internalizing nothing, our minds echoing like empty hallways.


pages: 309 words: 114,984

The Digital Doctor: Hope, Hype, and Harm at the Dawn of Medicine’s Computer Age by Robert Wachter

activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, AI winter, Airbnb, Atul Gawande, Captain Sullenberger Hudson, Checklist Manifesto, Chuck Templeton: OpenTable:, Clayton Christensen, cognitive load, collapse of Lehman Brothers, computer age, creative destruction, crowdsourcing, deep learning, deskilling, disruptive innovation, driverless car, en.wikipedia.org, Erik Brynjolfsson, everywhere but in the productivity statistics, Firefox, Frank Levy and Richard Murnane: The New Division of Labor, general purpose technology, Google Glasses, human-factors engineering, hype cycle, Ignaz Semmelweis: hand washing, Internet of things, job satisfaction, Joseph Schumpeter, Kickstarter, knowledge worker, lifelogging, Marc Benioff, medical malpractice, medical residency, Menlo Park, minimum viable product, natural language processing, Network effects, Nicholas Carr, obamacare, pattern recognition, peer-to-peer, personalized medicine, pets.com, pneumatic tube, Productivity paradox, Ralph Nader, RAND corporation, Richard Hendricks, Robert Solow, Salesforce, Second Machine Age, self-driving car, seminal paper, Silicon Valley, Silicon Valley startup, six sigma, Skype, Snapchat, software as a service, Steve Jobs, Steven Levy, TED Talk, The future is already here, the payments system, The Wisdom of Crowds, Thomas Bayes, Toyota Production System, Uber for X, US Airways Flight 1549, Watson beat the top human players on Jeopardy!, Yogi Berra

Studies of technology’s impact in other industries have clearly shown that those organizations with the management processes and culture to take advantage of the new tools are the ones that thrive. In 1988, management guru Peter Drucker, he of “culture-eats-strategy-for-lunch” fame, presciently described how the then-fledgling field of information technology would allow organizations to flatten hierarchies and elevate the roles of “knowledge-workers.” In the future, Drucker wrote, “the typical business will be knowledge-based, an organization composed largely of specialists who direct and discipline their own performance through organized feedback from colleagues, customers, and headquarters.” It was the availability of information—“data endowed with relevance and purpose”—that would catalyze this shift.


pages: 381 words: 112,674

eBoys by Randall E. Stross

Apollo 11, barriers to entry, Benchmark Capital, business cycle, call centre, carried interest, cognitive dissonance, deal flow, digital rights, disintermediation, drop ship, edge city, Fairchild Semiconductor, General Magic , high net worth, hiring and firing, Jeff Bezos, Jeff Hawkins, job-hopping, knowledge worker, late capitalism, market bubble, Mary Meeker, megaproject, Menlo Park, new economy, old-boy network, PalmPilot, passive investing, performance metric, pez dispenser, railway mania, rolodex, Salesforce, Sand Hill Road, shareholder value, Silicon Valley, Silicon Valley startup, SoftBank, Steve Ballmer, Steve Jobs, Steve Jurvetson, vertical integration, warehouse automation, Y2K

After all, it was the phrase used by others when the venture guys were the objects of vilification, so the taboo was a tacit acknowledgment of the less-than-high regard in which they were held in those quarters that were even aware of their existence. The compensation practices in the venture business originated in traditions whose original functional justification no one today can recall. Venture capitalists, theoretically, could draw compensation like other categories of knowledge workers, charging entrepreneurs on an hourly basis for access to their expertise. And the suppliers of the capital, their limited partners, theoretically could hire the venture guys as staff members to do the investing in-house, on a straightforward salary. Many corporations over the past four decades have dabbled in venture investing attempting to do just that, and all have foundered, not necessarily because a salary per se is inherently flawed but because it is comparatively unattractive.


pages: 446 words: 117,660

Arguing With Zombies: Economics, Politics, and the Fight for a Better Future by Paul Krugman

affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Andrei Shleifer, antiwork, Asian financial crisis, bank run, banking crisis, basic income, behavioural economics, benefit corporation, Berlin Wall, Bernie Madoff, bitcoin, blockchain, bond market vigilante , Bonfire of the Vanities, business cycle, capital asset pricing model, carbon footprint, carbon tax, Carmen Reinhart, central bank independence, centre right, Climategate, cognitive dissonance, cryptocurrency, David Ricardo: comparative advantage, different worldview, Donald Trump, Edward Glaeser, employer provided health coverage, Eugene Fama: efficient market hypothesis, fake news, Fall of the Berlin Wall, fiat currency, financial deregulation, financial innovation, financial repression, frictionless, frictionless market, fudge factor, full employment, green new deal, Growth in a Time of Debt, hiring and firing, illegal immigration, income inequality, index fund, indoor plumbing, invisible hand, it is difficult to get a man to understand something, when his salary depends on his not understanding it, job automation, John Snow's cholera map, Joseph Schumpeter, Kenneth Rogoff, knowledge worker, labor-force participation, large denomination, liquidity trap, London Whale, low interest rates, market bubble, market clearing, market fundamentalism, means of production, Modern Monetary Theory, New Urbanism, obamacare, oil shock, open borders, Paul Samuelson, plutocrats, Ponzi scheme, post-truth, price stability, public intellectual, quantitative easing, road to serfdom, Robert Gordon, Robert Shiller, Ronald Reagan, secular stagnation, Seymour Hersh, stock buybacks, The Chicago School, The Great Moderation, the map is not the territory, The Wealth of Nations by Adam Smith, trade liberalization, transaction costs, universal basic income, very high income, We are all Keynesians now, working-age population

Responding to a question from Representative Barney Frank about income inequality, he declared that “the most important factor” in rising inequality “is the rising skill premium, the increased return to education.” That’s a fundamental misreading of what’s happening to American society. What we’re seeing isn’t the rise of a fairly broad class of knowledge workers. Instead, we’re seeing the rise of a narrow oligarchy: income and wealth are becoming increasingly concentrated in the hands of a small, privileged elite. I think of Mr. Bernanke’s position, which one hears all the time, as the 80–20 fallacy. It’s the notion that the winners in our increasingly unequal society are a fairly large group—that the 20 percent or so of American workers who have the skills to take advantage of new technology and globalization are pulling away from the 80 percent who don’t have these skills.


pages: 389 words: 112,319

Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life by Ozan Varol

Abraham Maslow, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, Amazon Web Services, Andrew Wiles, Apollo 11, Apollo 13, Apple's 1984 Super Bowl advert, Arthur Eddington, autonomous vehicles, Ben Horowitz, Boeing 747, Cal Newport, Clayton Christensen, cloud computing, Colonization of Mars, dark matter, delayed gratification, different worldview, discovery of DNA, double helix, Elon Musk, fail fast, fake news, fear of failure, functional fixedness, Gary Taubes, Gene Kranz, George Santayana, Google Glasses, Google X / Alphabet X, Inbox Zero, index fund, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, Jeff Bezos, job satisfaction, Johannes Kepler, Kickstarter, knowledge worker, Large Hadron Collider, late fees, lateral thinking, lone genius, longitudinal study, Louis Pasteur, low earth orbit, Marc Andreessen, Mars Rover, meta-analysis, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, Nick Bostrom, obamacare, Occam's razor, out of africa, Peter Pan Syndrome, Peter Thiel, Pluto: dwarf planet, private spaceflight, Ralph Waldo Emerson, reality distortion field, Richard Feynman, Richard Feynman: Challenger O-ring, Ronald Reagan, Sam Altman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, Simon Singh, Skinner box, SpaceShipOne, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, subprime mortgage crisis, sunk-cost fallacy, TED Talk, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Tyler Cowen, Upton Sinclair, Vilfredo Pareto, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, women in the workforce, Yogi Berra

Inscribed on the statue is a spectacularly banal quote from the fictitious Faber: Knowledge is good. The quote is an obvious parody of real-life college founders, who all felt compelled to have an inspiring motto attached to their name. Setting the mockery aside, Faber is undoubtedly correct, and at least in my case, he’s preaching to the choir: I make a living as a knowledge worker. But the same qualities that make knowledge a virtue can also turn it into a vice. Knowledge shapes. Knowledge informs. It creates frameworks, labels, categories, and lenses through which we view the world. It acts as a haze, an Instagram filter, and a poetic structure under which we live our lives.


Human Frontiers: The Future of Big Ideas in an Age of Small Thinking by Michael Bhaskar

"Margaret Hamilton" Apollo, 3D printing, additive manufacturing, AI winter, Albert Einstein, algorithmic trading, AlphaGo, Anthropocene, artificial general intelligence, augmented reality, autonomous vehicles, backpropagation, barriers to entry, basic income, behavioural economics, Benoit Mandelbrot, Berlin Wall, Big bang: deregulation of the City of London, Big Tech, Bletchley Park, blockchain, Boeing 747, brain emulation, Brexit referendum, call centre, carbon tax, charter city, citizen journalism, Claude Shannon: information theory, Clayton Christensen, clean tech, clean water, cognitive load, Columbian Exchange, coronavirus, cosmic microwave background, COVID-19, creative destruction, CRISPR, crony capitalism, cyber-physical system, dark matter, David Graeber, deep learning, DeepMind, deindustrialization, dematerialisation, Demis Hassabis, demographic dividend, Deng Xiaoping, deplatforming, discovery of penicillin, disruptive innovation, Donald Trump, double entry bookkeeping, Easter island, Edward Jenner, Edward Lorenz: Chaos theory, Elon Musk, en.wikipedia.org, endogenous growth, energy security, energy transition, epigenetics, Eratosthenes, Ernest Rutherford, Eroom's law, fail fast, false flag, Fellow of the Royal Society, flying shuttle, Ford Model T, Francis Fukuyama: the end of history, general purpose technology, germ theory of disease, glass ceiling, global pandemic, Goodhart's law, Google Glasses, Google X / Alphabet X, GPT-3, Haber-Bosch Process, hedonic treadmill, Herman Kahn, Higgs boson, hive mind, hype cycle, Hyperloop, Ignaz Semmelweis: hand washing, Innovator's Dilemma, intangible asset, interchangeable parts, Internet of things, invention of agriculture, invention of the printing press, invention of the steam engine, invention of the telegraph, invisible hand, Isaac Newton, ITER tokamak, James Watt: steam engine, James Webb Space Telescope, Jeff Bezos, jimmy wales, job automation, Johannes Kepler, John von Neumann, Joseph Schumpeter, Kenneth Arrow, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, Large Hadron Collider, liberation theology, lockdown, lone genius, loss aversion, Louis Pasteur, Mark Zuckerberg, Martin Wolf, megacity, megastructure, Menlo Park, Minecraft, minimum viable product, mittelstand, Modern Monetary Theory, Mont Pelerin Society, Murray Gell-Mann, Mustafa Suleyman, natural language processing, Neal Stephenson, nuclear winter, nudge unit, oil shale / tar sands, open economy, OpenAI, opioid epidemic / opioid crisis, PageRank, patent troll, Peter Thiel, plutocrats, post scarcity, post-truth, precautionary principle, public intellectual, publish or perish, purchasing power parity, quantum entanglement, Ray Kurzweil, remote working, rent-seeking, Republic of Letters, Richard Feynman, Robert Gordon, Robert Solow, secular stagnation, shareholder value, Silicon Valley, Silicon Valley ideology, Simon Kuznets, skunkworks, Slavoj Žižek, sovereign wealth fund, spinning jenny, statistical model, stem cell, Steve Jobs, Stuart Kauffman, synthetic biology, techlash, TED Talk, The Rise and Fall of American Growth, the scientific method, The Wealth of Nations by Adam Smith, Thomas Bayes, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, TikTok, total factor productivity, transcontinental railway, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, uranium enrichment, We wanted flying cars, instead we got 140 characters, When a measure becomes a target, X Prize, Y Combinator

It can be easily forgotten quite what a demographic impact China alone could have on ideas. In terms of population, China is bigger than the US and Canada, the entirety of Europe, the rest of East Asia (Japan, South Korea, Taiwan) and Australia combined. To get a more granular sense of the change, look at software developers, a central category of knowledge worker today. Their numbers are forecast to almost double over the next decade, from around 23 million to 45 million; East Asia will experience the quickest growth, followed by Latin America, while India will replace the US as the country with the most.53 Forty-plus years of human capital development will effectively be compressed into the next ten.


pages: 350 words: 115,802

Pegasus: How a Spy in Your Pocket Threatens the End of Privacy, Dignity, and Democracy by Laurent Richard, Sandrine Rigaud

activist lawyer, Airbnb, Amazon Web Services, centre right, Charlie Hebdo massacre, Chelsea Manning, citizen journalism, Citizen Lab, corporate governance, COVID-19, David Vincenzetti, Donald Trump, double helix, Edward Snowden, food desert, Jeff Bezos, Julian Assange, Kevin Kelly, knowledge worker, lockdown, Mohammed Bouazizi, NSO Group, offshore financial centre, operational security, Stuxnet, Tim Cook: Apple, unit 8200, WikiLeaks, Yom Kippur War, zero day

His pitches to international audiences of government defense experts, cybersecurity specialists, and salivating private investors also gave Netanyahu plenty of chances to take credit as the lead architect of his country’s biggest growth sector. The Netanyahu government had invested “vast sums of money in our military intelligence, which goes to the army, the Mossad, Shin Bet, to other arms as well,” the then prime minister told one cyber gathering in Tel Aviv. “So we create an enormous number of knowledge workers.… People who can deal with the internet. Can deal with the ramifications of this revolution. Both as workers and as entrepreneurs. And this is what we did in Israel. We took the sunk costs and created a business environment.” The Netanyahu government was executing a list of dos and don’ts to create this environment, consistent with its long drive to convert Israel’s controlled economy (“not quite socialist but semi-socialist”) into an oasis of free market capitalism (“Because markets know better than politicians,” Netanyahu would say, “even prime ministers.”).


pages: 386 words: 112,064

Rich White Men: What It Takes to Uproot the Old Boys' Club and Transform America by Garrett Neiman

"World Economic Forum" Davos, Affordable Care Act / Obamacare, Albert Einstein, basic income, Bernie Sanders, BIPOC, Black Lives Matter, Branko Milanovic, British Empire, Capital in the Twenty-First Century by Thomas Piketty, carried interest, clean water, confounding variable, coronavirus, COVID-19, critical race theory, dark triade / dark tetrad, data science, Donald Trump, drone strike, effective altruism, Elon Musk, gender pay gap, George Floyd, glass ceiling, green new deal, high net worth, Home mortgage interest deduction, Howard Zinn, impact investing, imposter syndrome, impulse control, income inequality, Jeff Bezos, Jeffrey Epstein, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Larry Ellison, liberal capitalism, Lyft, Mahatma Gandhi, mandatory minimum, Mark Zuckerberg, mass incarceration, means of production, meritocracy, meta-analysis, Michael Milken, microaggression, mortgage tax deduction, move fast and break things, Nelson Mandela, new economy, obamacare, occupational segregation, offshore financial centre, Paul Buchheit, Peter Thiel, plutocrats, Ralph Waldo Emerson, randomized controlled trial, rent-seeking, Ronald Reagan, Rutger Bregman, Sheryl Sandberg, Silicon Valley, Snapchat, sovereign wealth fund, Steve Jobs, subprime mortgage crisis, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, Travis Kalanick, trickle-down economics, uber lyft, universal basic income, Upton Sinclair, War on Poverty, white flight, William MacAskill, winner-take-all economy, women in the workforce, work culture , working poor

And if America made direct transfers to individuals, many of the convoluted poverty reduction programs—and the massive bureaucracies that administer them—could be phased out. And investing in our citizens would fuel innovation and shared prosperity: if such investments yielded millions of additional knowledge workers and even a few more innovations—like three-light traffic signals, refrigerated trucks, automatic elevator doors, electret microphones, carbon light bulb filaments, IBM PC monitors, and Gigahertz chips, all invented by Black Americans—how much would this country gain? Most of the rich white men I know act as if poverty is a necessary, insurmountable evil.


pages: 481 words: 121,669

The Invisible Web: Uncovering Information Sources Search Engines Can't See by Gary Price, Chris Sherman, Danny Sullivan

AltaVista, American Society of Civil Engineers: Report Card, Bill Atkinson, bioinformatics, Brewster Kahle, business intelligence, dark matter, Donald Davies, Douglas Engelbart, Douglas Engelbart, full text search, HyperCard, hypertext link, information retrieval, Internet Archive, it's over 9,000, joint-stock company, knowledge worker, machine readable, machine translation, natural language processing, pre–internet, profit motive, Project Xanadu, publish or perish, search engine result page, side project, Silicon Valley, speech recognition, stealth mode startup, Ted Nelson, Vannevar Bush, web application

Unlike most of the other current awareness services described here, Calishain often writes in-depth reviews and analyses of new resources, pointing out both useful features and flaws in design or implementation. Free Pint http://www.freepint.co.uk/ Free Pint is an e-mail newsletter dedicated to helping you find reliable Web sites and search the Web more effectively. It’s written by and for knowledge workers who can’t afford to spend valuable time sifting through junk on the Web in search of a few valuable nuggets of e-gold. Each issue of Free Pint has several regular sections. William Hann, Managing Editor, leads off with an overview of the issue and general news announcements, followed by a “Tips and Techniques” section, where professionals share their best searching tips and describe their favorite Web sites.


pages: 421 words: 125,417

Common Wealth: Economics for a Crowded Planet by Jeffrey Sachs

agricultural Revolution, air freight, Anthropocene, back-to-the-land, biodiversity loss, British Empire, business process, carbon credits, carbon footprint, carbon tax, clean water, colonial rule, corporate social responsibility, correlation does not imply causation, creative destruction, demographic transition, Diane Coyle, digital divide, Edward Glaeser, energy security, failed state, Garrett Hardin, Gini coefficient, global pandemic, Global Witness, Haber-Bosch Process, impact investing, income inequality, income per capita, Intergovernmental Panel on Climate Change (IPCC), intermodal, invention of agriculture, invention of the steam engine, invisible hand, Joseph Schumpeter, knowledge worker, labor-force participation, low skilled workers, mass immigration, microcredit, ocean acidification, oil shale / tar sands, old age dependency ratio, peak oil, profit maximization, profit motive, purchasing power parity, road to serfdom, Ronald Reagan, Simon Kuznets, Skype, statistical model, The Wealth of Nations by Adam Smith, Thomas Malthus, trade route, Tragedy of the Commons, transaction costs, unemployed young men, War on Poverty, women in the workforce, working-age population, zoonotic diseases

It is dominated by ideology rather than fact. I hope to remedy that deficiency here. Interestingly, the debate has flared in the wake of globalization. As globalization has proceeded, the working class in the high-income world has suffered a relative decline in income compared with more highly educated knowledge workers, and two sharply contrasting lines of thought have emerged. Free-market ideologues warn that competition in the international system has become even more intense. The perceived threat to a country’s prosperity from overseas competitors means that all attention must be refocused on economic competitiveness and growth.


pages: 385 words: 123,168

Bullshit Jobs: A Theory by David Graeber

1960s counterculture, active measures, antiwork, basic income, Berlin Wall, Bernie Sanders, Bertrand Russell: In Praise of Idleness, Black Lives Matter, Bretton Woods, Buckminster Fuller, business logic, call centre, classic study, cognitive dissonance, collateralized debt obligation, data science, David Graeber, do what you love, Donald Trump, emotional labour, equal pay for equal work, full employment, functional programming, global supply chain, High speed trading, hiring and firing, imposter syndrome, independent contractor, informal economy, Jarndyce and Jarndyce, Jarndyce and Jarndyce, job automation, John Maynard Keynes: technological unemployment, knowledge worker, moral panic, Post-Keynesian economics, post-work, precariat, Rutger Bregman, scientific management, Silicon Valley, Silicon Valley startup, single-payer health, software as a service, telemarketer, The Future of Employment, Thorstein Veblen, too big to fail, Travis Kalanick, universal basic income, unpaid internship, wage slave, wages for housework, women in the workforce, working poor, Works Progress Administration, young professional, éminence grise

I think this is important to emphasize because despite the lack of statistics, there has been a great deal of discussion since the 1990s about the rise of information-oriented jobs and their larger effect on society. Some, like former US Labor Secretary Robert Reich, spoke of the rise of a new tech-savvy middle class of “symbolic analysts” who threatened to gain all the benefits of growth and leave the old-fashioned laboring classes languishing in poverty; others spoke of “knowledge workers” and “information society”; some Marxists even became convinced that new forms of what they called “immaterial labor”—founded in marketing, entertainment, and the digital economy but spilling outside as well into our increasingly brand-saturated, iPhone-happy daily lives—had become the new locus of value creation—leading to prophecies of the eventual rebellion of the digital proletariat.2 Almost everyone assumed that the rise of such jobs had something to do with the rise of finance capital—even if there was no consensus as to how.


pages: 401 words: 119,488

Smarter Faster Better: The Secrets of Being Productive in Life and Business by Charles Duhigg

Air France Flight 447, Asperger Syndrome, Atul Gawande, behavioural economics, Black Swan, cognitive dissonance, Daniel Kahneman / Amos Tversky, data science, David Brooks, digital map, epigenetics, Erik Brynjolfsson, framing effect, high-speed rail, hiring and firing, index card, John von Neumann, knowledge worker, Lean Startup, Malcom McLean invented shipping containers, meta-analysis, new economy, power law, Saturday Night Live, Silicon Valley, Silicon Valley startup, statistical model, Steve Jobs, the scientific method, the strength of weak ties, theory of mind, Toyota Production System, William Langewiesche, Yom Kippur War

Eppler and Jeanne Mengis, “The Concept of Information Overload: A Review of Literature from Organization Science, Accounting, Marketing, MIS, and Related Disciplines,” The Information Society 20, no. 5 (2004): 325–44; Pamela Karr-Wisniewski and Ying Lu, “When More Is Too Much: Operationalizing Technology Overload and Exploring Its Impact on Knowledge Worker Productivity,” Computers in Human Behavior 26, no. 5 (2010): 1061–72; Joseph M. Kayany, “Information Overload and Information Myths,” Itera, n.d., http://www.itera.org/wordpress/wp-content/uploads/2012/09/ITERA12_Paper15.pdf; Marta Sinclair and Neal M. Ashkanasy, “Intuition Myth or a Decision-Making Tool?”


pages: 320 words: 87,853

The Black Box Society: The Secret Algorithms That Control Money and Information by Frank Pasquale

Adam Curtis, Affordable Care Act / Obamacare, Alan Greenspan, algorithmic trading, Amazon Mechanical Turk, American Legislative Exchange Council, asset-backed security, Atul Gawande, bank run, barriers to entry, basic income, Bear Stearns, Berlin Wall, Bernie Madoff, Black Swan, bonus culture, Brian Krebs, business cycle, business logic, call centre, Capital in the Twenty-First Century by Thomas Piketty, Chelsea Manning, Chuck Templeton: OpenTable:, cloud computing, collateralized debt obligation, computerized markets, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, crowdsourcing, cryptocurrency, data science, Debian, digital rights, don't be evil, drone strike, Edward Snowden, en.wikipedia.org, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, financial engineering, financial innovation, financial thriller, fixed income, Flash crash, folksonomy, full employment, Gabriella Coleman, Goldman Sachs: Vampire Squid, Google Earth, Hernando de Soto, High speed trading, hiring and firing, housing crisis, Ian Bogost, informal economy, information asymmetry, information retrieval, information security, interest rate swap, Internet of things, invisible hand, Jaron Lanier, Jeff Bezos, job automation, John Bogle, Julian Assange, Kevin Kelly, Kevin Roose, knowledge worker, Kodak vs Instagram, kremlinology, late fees, London Interbank Offered Rate, London Whale, machine readable, Marc Andreessen, Mark Zuckerberg, Michael Milken, mobile money, moral hazard, new economy, Nicholas Carr, offshore financial centre, PageRank, pattern recognition, Philip Mirowski, precariat, profit maximization, profit motive, public intellectual, quantitative easing, race to the bottom, reality distortion field, recommendation engine, regulatory arbitrage, risk-adjusted returns, Satyajit Das, Savings and loan crisis, search engine result page, shareholder value, Silicon Valley, Snapchat, social intelligence, Spread Networks laid a new fibre optics cable between New York and Chicago, statistical arbitrage, statistical model, Steven Levy, technological solutionism, the scientific method, too big to fail, transaction costs, two-sided market, universal basic income, Upton Sinclair, value at risk, vertical integration, WikiLeaks, Yochai Benkler, zero-sum game

(Yes, Congress didn’t appropriate enough money for the train, and parking in Manhattan could cost even more than the Amtrak.)142 The complexity of financial fraud ensures that agencies like the SEC will continue to play “catch up.” Beleaguered by the complex schemes cooked up by black box finance’s well-paid accountants, lawyers, traders, and managers, fi nance regulators triage matters by entering into settlements. Many knowledge workers feel “behind the curve” when their computers are three years out of date, but the chair of the SEC admitted in 2010 that her agency’s “technology for collecting data and surveilling our markets is often as much as two 178 THE BLACK BOX SOCIETY decades behind the technology currently used by those we regulate.”143 U.S. financial regulators’ resources are dwarfed by the assets of the firms (and sometimes even the individuals) they police.144 Overmatched and overwhelmed, finance regulators are ill-disposed to seek costly trials.


pages: 468 words: 124,573

How to Build a Billion Dollar App: Discover the Secrets of the Most Successful Entrepreneurs of Our Time by George Berkowski

Airbnb, Amazon Web Services, Andy Rubin, barriers to entry, Black Swan, business intelligence, call centre, crowdsourcing, deal flow, Dennis Tito, disruptive innovation, Dunbar number, en.wikipedia.org, game design, Google Glasses, Google Hangouts, Google X / Alphabet X, growth hacking, iterative process, Jeff Bezos, Jony Ive, Kickstarter, knowledge worker, Lean Startup, loose coupling, Marc Andreessen, Mark Zuckerberg, Mary Meeker, minimum viable product, MITM: man-in-the-middle, move fast and break things, Network effects, Oculus Rift, Paul Graham, QR code, Ruby on Rails, Salesforce, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, SoftBank, software as a service, software is eating the world, Steve Jobs, Steven Levy, subscription business, TechCrunch disrupt, Travis Kalanick, two-pizza team, ubercab, Y Combinator

What is interesting, on the other hand, is improving something tenfold.10 Achieving that kind of result is true cerebral gymnastics. Delivering 1,000 per cent improvement requires rethinking problems from first principles; it requires that people go out and explore the frontiers of research and development; it means a lot of challenges, and fun in the process. When you think about it, this is nirvana for knowledge workers. Engineers, developers and product managers are all problem solvers. By telling them that their company is a playground – a really well-kitted-out playground designed for them to go and solve gargantuan, meaningful problems – well, that is the ultimate retention tool. And my point from earlier is that Google’s revenue – and profit – per employee allows it to pursue this strategy.


pages: 490 words: 153,455

Work Won't Love You Back: How Devotion to Our Jobs Keeps Us Exploited, Exhausted, and Alone by Sarah Jaffe

Ada Lovelace, air traffic controllers' union, Amazon Mechanical Turk, antiwork, barriers to entry, basic income, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, blue-collar work, Boris Johnson, call centre, capitalist realism, Charles Babbage, collective bargaining, coronavirus, COVID-19, deindustrialization, delayed gratification, dematerialisation, desegregation, deskilling, do what you love, Donald Trump, Elon Musk, emotional labour, feminist movement, Ferguson, Missouri, financial independence, Frederick Winslow Taylor, fulfillment center, future of work, gamification, gender pay gap, gentrification, George Floyd, gig economy, global pandemic, Grace Hopper, green new deal, hiring and firing, illegal immigration, immigration reform, informal economy, job automation, job satisfaction, job-hopping, knowledge economy, knowledge worker, late capitalism, lockdown, lone genius, Lyft, Mark Zuckerberg, market fundamentalism, mass incarceration, means of production, mini-job, minimum wage unemployment, move fast and break things, Naomi Klein, new economy, oil shock, Peter Thiel, post-Fordism, post-work, precariat, profit motive, Rana Plaza, Richard Florida, Ronald Reagan, Rosa Parks, school choice, Silicon Valley, social distancing, Steve Jobs, TaskRabbit, tech billionaire, tech worker, traumatic brain injury, uber lyft, union organizing, universal basic income, unpaid internship, W. E. B. Du Bois, wages for housework, War on Poverty, WeWork, women in the workforce, work culture , workplace surveillance , Works Progress Administration

Further, she wrote, “Its only ‘capital’ is knowledge and skill, or at least the credentials imputing skill and knowledge. And unlike real capital, these cannot be hoarded against hard times.” A PhD might have been a symbol of so-called human capital, but its value could not be guaranteed. 20 Just as the vaunted “knowledge economy” was making headlines, in other words, the labor of knowledge workers was being devalued and deskilled. Doctors became more likely to work for large institutions, lawyers in massive firms or to work in-house at corporations. We started to hear more about “stress” and mental health on the job than physical injury. Until the aftermath of World War II, the term “stress” was rarely used to describe something that happened to humans; researchers, though, began to apply the term to the wear and tear on the human body caused by, among other things, psychological strain on the job.


pages: 515 words: 126,820

Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World by Don Tapscott, Alex Tapscott

"World Economic Forum" Davos, Airbnb, altcoin, Alvin Toffler, asset-backed security, autonomous vehicles, barriers to entry, behavioural economics, bitcoin, Bitcoin Ponzi scheme, blockchain, Blythe Masters, Bretton Woods, business logic, business process, buy and hold, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, clean water, cloud computing, cognitive dissonance, commoditize, commons-based peer production, corporate governance, corporate social responsibility, creative destruction, Credit Default Swap, crowdsourcing, cryptocurrency, currency risk, decentralized internet, digital capitalism, disintermediation, disruptive innovation, distributed ledger, do well by doing good, Donald Trump, double entry bookkeeping, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, failed state, fiat currency, financial innovation, Firefox, first square of the chessboard, first square of the chessboard / second half of the chessboard, future of work, Future Shock, Galaxy Zoo, general purpose technology, George Gilder, glass ceiling, Google bus, GPS: selective availability, Hacker News, Hernando de Soto, Higgs boson, holacracy, income inequality, independent contractor, informal economy, information asymmetry, information security, intangible asset, interest rate swap, Internet of things, Jeff Bezos, jimmy wales, Kickstarter, knowledge worker, Kodak vs Instagram, Lean Startup, litecoin, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, means of production, microcredit, mobile money, money market fund, Neal Stephenson, Network effects, new economy, Oculus Rift, off grid, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, performance metric, Peter Thiel, planetary scale, Ponzi scheme, prediction markets, price mechanism, Productivity paradox, QR code, quantitative easing, radical decentralization, ransomware, Ray Kurzweil, renewable energy credits, rent-seeking, ride hailing / ride sharing, Ronald Coase, Ronald Reagan, Salesforce, Satoshi Nakamoto, search costs, Second Machine Age, seigniorage, self-driving car, sharing economy, Silicon Valley, Skype, smart contracts, smart grid, Snow Crash, social graph, social intelligence, social software, standardized shipping container, Stephen Hawking, Steve Jobs, Steve Wozniak, Stewart Brand, supply-chain management, systems thinking, TaskRabbit, TED Talk, The Fortune at the Bottom of the Pyramid, The Nature of the Firm, The Soul of a New Machine, The Wisdom of Crowds, transaction costs, Turing complete, Turing test, Tyler Cowen, Uber and Lyft, uber lyft, unbanked and underbanked, underbanked, unorthodox policies, vertical integration, Vitalik Buterin, wealth creators, X Prize, Y2K, Yochai Benkler, Zipcar

Our view is that the starting point for corporate boundary decisions is to understand your industry, competitors, and opportunities for profitable growth—and use this knowledge as the basis for developing a business strategy. From there, the blockchain opens up new opportunities for networking that every manager and knowledge worker needs to consider at all times. Boundary choices are not simply for senior executives, they are for anyone who cares about marshaling the best capability for innovation and high performance. We should add—and this is no small point—that you can’t outsource your corporate culture. Enter the Matrix Taking into account how blockchain technology can enable access to unique capabilities outside corporate boundaries, firms can now define those business activities or functions that are fundamental to competitiveness—that are both mission critical and also unique enough to ensure differentiated value.


pages: 496 words: 131,938

The Future Is Asian by Parag Khanna

3D printing, Admiral Zheng, affirmative action, Airbnb, Amazon Web Services, anti-communist, Asian financial crisis, asset-backed security, augmented reality, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Basel III, bike sharing, birth tourism , blockchain, Boycotts of Israel, Branko Milanovic, British Empire, call centre, capital controls, carbon footprint, cashless society, clean tech, clean water, cloud computing, colonial rule, commodity super cycle, computer vision, connected car, corporate governance, CRISPR, crony capitalism, cross-border payments, currency peg, death from overwork, deindustrialization, Deng Xiaoping, Didi Chuxing, Dissolution of the Soviet Union, Donald Trump, driverless car, dual-use technology, energy security, European colonialism, factory automation, failed state, fake news, falling living standards, family office, financial engineering, fixed income, flex fuel, gig economy, global reserve currency, global supply chain, Great Leap Forward, green transition, haute couture, haute cuisine, illegal immigration, impact investing, income inequality, industrial robot, informal economy, initial coin offering, Internet of things, karōshi / gwarosa / guolaosi, Kevin Kelly, Kickstarter, knowledge worker, light touch regulation, low cost airline, low skilled workers, Lyft, machine translation, Malacca Straits, Marc Benioff, Mark Zuckerberg, Masayoshi Son, megacity, megaproject, middle-income trap, Mikhail Gorbachev, money market fund, Monroe Doctrine, mortgage debt, natural language processing, Netflix Prize, new economy, off grid, oil shale / tar sands, open economy, Parag Khanna, payday loans, Pearl River Delta, prediction markets, purchasing power parity, race to the bottom, RAND corporation, rent-seeking, reserve currency, ride hailing / ride sharing, Ronald Reagan, Salesforce, Scramble for Africa, self-driving car, Shenzhen special economic zone , Silicon Valley, smart cities, SoftBank, South China Sea, sovereign wealth fund, special economic zone, stem cell, Steve Jobs, Steven Pinker, supply-chain management, sustainable-tourism, synthetic biology, systems thinking, tech billionaire, tech worker, trade liberalization, trade route, transaction costs, Travis Kalanick, uber lyft, upwardly mobile, urban planning, Vision Fund, warehouse robotics, Washington Consensus, working-age population, Yom Kippur War

When I travel to countries such as Oman, Georgia, the UAE, Kazakhstan, or dozens of other aspiring Asian nations, I am always presented with a sleek binder whose cover features some variation on “Vision” or “Strategy” for 2020, 2025, 2030, or beyond. The pages are full of bold language and the imagery of glass towers, driverless cars, vertical farms, and knowledge workers. In other words, they are all copied and pasted from Singapore’s master plan. After decades of importing intellectual capital, Singapore’s model has become its own best export, raking in billions of dollars annually from contracts to build dozens of Singapore-style industrial parks in China, Vietnam, India, and now the Arab countries and Africa, followed by corporate services to manage facilities and build local skills.


pages: 497 words: 143,175

Pivotal Decade: How the United States Traded Factories for Finance in the Seventies by Judith Stein

1960s counterculture, accelerated depreciation, activist lawyer, affirmative action, airline deregulation, Alan Greenspan, anti-communist, Ayatollah Khomeini, barriers to entry, Berlin Wall, blue-collar work, Bretton Woods, business cycle, capital controls, centre right, collective bargaining, Credit Default Swap, crony capitalism, David Ricardo: comparative advantage, deindustrialization, desegregation, do well by doing good, Dr. Strangelove, energy security, Fall of the Berlin Wall, falling living standards, feminist movement, financial deregulation, floating exchange rates, full employment, Glass-Steagall Act, Gunnar Myrdal, guns versus butter model, Ida Tarbell, income inequality, income per capita, intermodal, invisible hand, knowledge worker, laissez-faire capitalism, Les Trente Glorieuses, liberal capitalism, Long Term Capital Management, low interest rates, manufacturing employment, market bubble, Martin Wolf, new economy, Nixon triggered the end of the Bretton Woods system, oil shale / tar sands, oil shock, open economy, Paul Samuelson, payday loans, post-industrial society, post-oil, price mechanism, price stability, Ralph Nader, RAND corporation, reserve currency, Robert Gordon, Robert Solow, Ronald Reagan, Savings and loan crisis, Simon Kuznets, strikebreaker, three-martini lunch, trade liberalization, union organizing, urban planning, urban renewal, War on Poverty, Washington Consensus, working poor, Yom Kippur War

From 1950 to 1971, the percentage of workers in goods related industries fell from 49.8 to 38 percent of the workforce; workers in service, including government, jobs increased from 50.2 percent to 62 percent.60 Liberals believed that this meant new possibilities for “non-productive” or social tasks to help the needy and improve the quality of life. These ideas were deeply rooted in the university, which sanctioned reflection, criticism, and social responsibility. Many of the students and knowledge workers lived in the growing suburbs and college towns outside of cities. The modern student movement began in 1960 at one of those huge public institutions, the University of Michigan, in suburban Ann Arbor, thirty-five miles west of Detroit. A small group of students created the Students for a Democratic Society (SDS).


pages: 493 words: 139,845

Women Leaders at Work: Untold Tales of Women Achieving Their Ambitions by Elizabeth Ghaffari

"World Economic Forum" Davos, Albert Einstein, AltaVista, Bear Stearns, business cycle, business process, cloud computing, Columbine, compensation consultant, corporate governance, corporate social responsibility, dark matter, deal flow, do what you love, family office, Fellow of the Royal Society, financial independence, follow your passion, glass ceiling, Grace Hopper, high net worth, John Elkington, knowledge worker, Larry Ellison, Long Term Capital Management, longitudinal study, Oklahoma City bombing, performance metric, pink-collar, profit maximization, profit motive, recommendation engine, Ronald Reagan, Savings and loan crisis, shareholder value, Silicon Valley, Silicon Valley startup, Steve Ballmer, Steve Jobs, thinkpad, trickle-down economics, urban planning, women in the workforce, young professional

Sometimes that takes courage because it requires me to be unconventional—to think unconventionally. In addition, I need to make investment decisions for the future in order to back that vision and execute against it. That also takes courage. Finally, I think a good leader, at least one in consulting who hires knowledge workers, operates a sort of upside-down pyramid. I need to be there to support others—give them the tools, processes, and environment they need to realize their potential on behalf of our clients. It also requires me to have compassion so that I can be attuned to their needs. Ghaffari: Has your family been behind you?


pages: 475 words: 134,707

The Hype Machine: How Social Media Disrupts Our Elections, Our Economy, and Our Health--And How We Must Adapt by Sinan Aral

Airbnb, Albert Einstein, algorithmic bias, AlphaGo, Any sufficiently advanced technology is indistinguishable from magic, AOL-Time Warner, augmented reality, behavioural economics, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Cambridge Analytica, carbon footprint, Cass Sunstein, computer vision, contact tracing, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, cryptocurrency, data science, death of newspapers, deep learning, deepfake, digital divide, digital nomad, disinformation, disintermediation, Donald Trump, Drosophila, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Erik Brynjolfsson, experimental subject, facts on the ground, fake news, Filter Bubble, George Floyd, global pandemic, hive mind, illegal immigration, income inequality, Kickstarter, knowledge worker, lockdown, longitudinal study, low skilled workers, Lyft, Mahatma Gandhi, Mark Zuckerberg, Menlo Park, meta-analysis, Metcalfe’s law, mobile money, move fast and break things, multi-sided market, Nate Silver, natural language processing, Neal Stephenson, Network effects, performance metric, phenotype, recommendation engine, Robert Bork, Robert Shiller, Russian election interference, Second Machine Age, seminal paper, sentiment analysis, shareholder value, Sheryl Sandberg, skunkworks, Snapchat, social contagion, social distancing, social graph, social intelligence, social software, social web, statistical model, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Jurvetson, surveillance capitalism, Susan Wojcicki, Telecommunications Act of 1996, The Chicago School, the strength of weak ties, The Wisdom of Crowds, theory of mind, TikTok, Tim Cook: Apple, Uber and Lyft, uber lyft, WikiLeaks, work culture , Yogi Berra

., WhatsApp), and collaborative knowledge production and news aggregation technologies (e.g., Wikipedia and Reddit) have fundamentally altered the way information is produced, shared, consumed, utilized, and valued. Such changes have profound implications for many of our social, political, and economic organizations, from the productivity of knowledge workers to consumer demand patterns, and from election campaigns to public health programs and mass protests. New technologies and new modes of communication not only change the production and dissemination of information but also simultaneously record information about human interaction with incredible precision and detail.


pages: 573 words: 142,376

Whole Earth: The Many Lives of Stewart Brand by John Markoff

A Pattern Language, air freight, Anthropocene, Apple II, back-to-the-land, Benoit Mandelbrot, Bernie Madoff, Beryl Markham, Big Tech, Bill Atkinson, Biosphere 2, Brewster Kahle, Buckminster Fuller, Burning Man, butterfly effect, Claude Shannon: information theory, cloud computing, complexity theory, computer age, Computer Lib, computer vision, Danny Hillis, decarbonisation, demographic transition, disinformation, Douglas Engelbart, Douglas Engelbart, Dynabook, El Camino Real, Electric Kool-Aid Acid Test, en.wikipedia.org, experimental subject, feminist movement, Fillmore Auditorium, San Francisco, Filter Bubble, game design, gentrification, global village, Golden Gate Park, Hacker Conference 1984, Hacker Ethic, Haight Ashbury, Herman Kahn, housing crisis, Howard Rheingold, HyperCard, intentional community, Internet Archive, Internet of things, Jane Jacobs, Jaron Lanier, Jeff Bezos, John Gilmore, John Markoff, John Perry Barlow, Kevin Kelly, Kickstarter, knowledge worker, Lao Tzu, Lewis Mumford, Loma Prieta earthquake, Marshall McLuhan, megacity, Menlo Park, Michael Shellenberger, microdosing, Mitch Kapor, Morris worm, Mother of all demos, move fast and break things, New Urbanism, Norbert Wiener, Norman Mailer, North Sea oil, off grid, off-the-grid, paypal mafia, Peter Calthorpe, Ponzi scheme, profit motive, public intellectual, Ralph Nader, RAND corporation, Ray Kurzweil, Richard Stallman, Sand Hill Road, self-driving car, shareholder value, Silicon Valley, South of Market, San Francisco, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Ted Nelson, Ted Nordhaus, TED Talk, The Death and Life of Great American Cities, The Hackers Conference, Thorstein Veblen, traveling salesman, Turing test, upwardly mobile, Vernor Vinge, We are as Gods, Whole Earth Catalog, Whole Earth Review, young professional

Both Albrecht and Engelbart were feverish folk dancers (Albrecht hosted combo Greek dancing/computer classes at his home in San Francisco), and they soon became friends. This drew the computer researcher into the Portola Institute community as an informal adviser, and it opened a window into his computing research for both the Brands and the Nixons. Engelbart had a grand vision of a “bootstrapping community”—small teams of knowledge workers supplemented by powerful computers—which he believed would accelerate human progress. Called the oNLine System, or NLS, while it ran on an early mainframe computer that connected workers at terminals using a suite of custom programs for collaboration and productivity, it was the forerunner of the Apple Macintosh, Microsoft Office, and the World Wide Web, several decades ahead of its time.


pages: 380 words: 153,701

Class Acts: Service and Inequality in Luxury Hotels by Rachel Sherman

Abraham Maslow, deskilling, emotional labour, income inequality, indoor plumbing, invisible hand, knowledge worker, means of production, move 37, new economy, pink-collar, Savings and loan crisis, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, union organizing, upwardly mobile, work culture , yield management

See also back of house work; compensation; demographics; front of house work; hotel division of labor; interactive service work; invisible work; noninteractive service work; relationship; semivisible workers; visible labor judgment by workers, 17, 22; of guests, 17, 22, 155, 162–76, 178, 180, 182–83, 185, 194, 198–99, 247; guests’ fear of, 48, 244, 245, 246, 247. See also comparison by workers; criticism; superiority of workers; transgressions, guest Kaplan, Bruce Eric, 242 Kasikci, Ali, 32 knowledge, workers’, 157; in comparison with guests, 163, 165, 178–79, 181; in comparison with managers and coworkers, 149, 155; concierge associations and, 121; condescension based on, 166, 178–79; of coworkers’ competence, 141; guests failing to respect, 195; guests recognizing, 187, 194; insecure guests drawing on, 164–65, 243, 256; managers failing to respect, 142; and professionalism, 216.


pages: 525 words: 142,027

CIOs at Work by Ed Yourdon

8-hour work day, Apple's 1984 Super Bowl advert, business intelligence, business process, call centre, cloud computing, crowdsourcing, distributed generation, Donald Knuth, fail fast, Flash crash, Free Software Foundation, Googley, Grace Hopper, information security, Infrastructure as a Service, Innovator's Dilemma, inventory management, Julian Assange, knowledge worker, Mark Zuckerberg, Multics, Nicholas Carr, One Laptop per Child (OLPC), rolodex, Salesforce, shareholder value, Silicon Valley, six sigma, Skype, smart grid, smart meter, software as a service, Steve Ballmer, Steve Jobs, Steven Levy, the new new thing, the scientific method, WikiLeaks, Y2K, Zipcar

Prior to joining Google, he spent more than 13 years in Morgan Stanley’s technology department, where he rose to the level of Managing Director. During his time there, he led teams responsible for software development technology, web and electronic commerce technologies and operations, and technologies for knowledge workers. Ben received his degree in Computer Science from Columbia University. Ed Yourdon: Let’s start by asking about any role models or any early heroes or mentors that may have influenced you to get where you are now. Benjamin Fried: I think there have been a lot. I’ve only had maybe four major employers in my career, three or four employers, but a lot of role models.


pages: 538 words: 145,243

Behemoth: A History of the Factory and the Making of the Modern World by Joshua B. Freeman

anti-communist, British Empire, Capital in the Twenty-First Century by Thomas Piketty, Charles Babbage, classic study, clean water, collective bargaining, company town, Corn Laws, corporate raider, cotton gin, deindustrialization, Deng Xiaoping, disruptive innovation, driverless car, en.wikipedia.org, factory automation, flying shuttle, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, global supply chain, Great Leap Forward, Herbert Marcuse, high-speed rail, household responsibility system, indoor plumbing, interchangeable parts, invisible hand, James Hargreaves, joint-stock company, knowledge worker, mass immigration, means of production, mittelstand, Naomi Klein, new economy, On the Economy of Machinery and Manufactures, Panopticon Jeremy Bentham, Pearl River Delta, post-industrial society, Ralph Waldo Emerson, rising living standards, Ronald Reagan, scientific management, Shenzhen special economic zone , Silicon Valley, special economic zone, spinning jenny, Steve Jobs, strikebreaker, techno-determinism, technoutopianism, the built environment, The Wealth of Nations by Adam Smith, Thorstein Veblen, Tim Cook: Apple, transaction costs, union organizing, Upton Sinclair, urban planning, Vanguard fund, vertical integration, women in the workforce, working poor, Works Progress Administration, zero-sum game

While in 1972 there were 13.5 million manufacturing production workers in the United States (more than two million of them working in facilities with 2,500 or more workers), one-time socialist Daniel Bell, a leading sociologist, announced in a book the next year, The Coming of Post-Industrial Society. For Bell and many others, “knowledge workers” or “symbolic analysts” had elbowed aside blue-collar workers to constitute the key economic group. In the late 1960s and early 1970s, there was a brief flurry of political and cultural interest in the discontent of industrial workers—the so-called “blue-collar blues”—but an economic downturn quickly put an end to that.


pages: 495 words: 144,101

Goddess of the Market: Ayn Rand and the American Right by Jennifer Burns

Abraham Maslow, Alan Greenspan, Alvin Toffler, anti-communist, Apollo 11, bank run, barriers to entry, centralized clearinghouse, collective bargaining, creative destruction, desegregation, feminist movement, financial independence, gentleman farmer, George Gilder, Herbert Marcuse, invisible hand, jimmy wales, Joan Didion, John Markoff, Joseph Schumpeter, knowledge worker, laissez-faire capitalism, Lewis Mumford, lone genius, Menlo Park, minimum wage unemployment, Mont Pelerin Society, new economy, Norman Mailer, offshore financial centre, Ponzi scheme, profit motive, public intellectual, RAND corporation, rent control, road to serfdom, Robert Bork, rolodex, Ronald Reagan, side project, Stewart Brand, The Chicago School, The Wisdom of Crowds, union organizing, urban renewal, We are as Gods, white flight, Whole Earth Catalog

In a time when leading intellectuals assumed that large corporations would continue to dominate economic life, shaping their employees into soulless organization men, Rand clung to the vision of the independent entrepreneur. Though it seemed anachronistic at first, her vision has resonated with the knowledge workers of the new economy, who see themselves as strategic operators in a constantly changing economic landscape. Rand has earned the unending devotion of capitalists large and small by treating business as an honorable calling that can engage the deepest capacities of the human spirit. At the same time, Rand advanced a deeply negative portrait of government action.


pages: 462 words: 150,129

The Rational Optimist: How Prosperity Evolves by Matt Ridley

"World Economic Forum" Davos, 23andMe, Abraham Maslow, agricultural Revolution, air freight, back-to-the-land, banking crisis, barriers to entry, Bernie Madoff, British Empire, call centre, carbon credits, carbon footprint, carbon tax, Cesare Marchetti: Marchetti’s constant, charter city, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, colonial exploitation, colonial rule, Corn Laws, Cornelius Vanderbilt, cotton gin, creative destruction, credit crunch, David Ricardo: comparative advantage, decarbonisation, dematerialisation, demographic dividend, demographic transition, double entry bookkeeping, Easter island, Edward Glaeser, Edward Jenner, electricity market, en.wikipedia.org, everywhere but in the productivity statistics, falling living standards, feminist movement, financial innovation, flying shuttle, Flynn Effect, food miles, Ford Model T, Garrett Hardin, Gordon Gekko, greed is good, Hans Rosling, happiness index / gross national happiness, haute cuisine, hedonic treadmill, Herbert Marcuse, Hernando de Soto, income inequality, income per capita, Indoor air pollution, informal economy, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, invisible hand, James Hargreaves, James Watt: steam engine, Jane Jacobs, Jevons paradox, John Nash: game theory, joint-stock limited liability company, Joseph Schumpeter, Kevin Kelly, Kickstarter, knowledge worker, Kula ring, Large Hadron Collider, Mark Zuckerberg, Medieval Warm Period, meta-analysis, mutually assured destruction, Naomi Klein, Northern Rock, nuclear winter, ocean acidification, oil shale / tar sands, out of africa, packet switching, patent troll, Pax Mongolica, Peter Thiel, phenotype, plutocrats, Ponzi scheme, precautionary principle, Productivity paradox, profit motive, purchasing power parity, race to the bottom, Ray Kurzweil, rent-seeking, rising living standards, Robert Solow, Silicon Valley, spice trade, spinning jenny, stem cell, Steve Jobs, Steven Pinker, Stewart Brand, supervolcano, technological singularity, Thales and the olive presses, Thales of Miletus, the long tail, The Wealth of Nations by Adam Smith, Thorstein Veblen, trade route, Tragedy of the Commons, transaction costs, ultimatum game, upwardly mobile, urban sprawl, Vernor Vinge, Vilfredo Pareto, wage slave, working poor, working-age population, world market for maybe five computers, Y2K, Yogi Berra, zero-sum game

p. 276 ‘It was Paul Romer’s great achievement in the 1990s to rescue the discipline of economics from the century-long cul-de-sac into which it had driven by failing to incorporate innovation.’ Warsh, D. 2006. Knowledge and the Wealth of Nations. W.W. Norton. p. 276 ‘As Paul Romer puts it’. Romer, P. 1995. Beyond the Knowledge Worker. Wordlink. Chapter 9 p. 279 ‘I have observed that not the man who hopes when others despair’. Speech by John Stuart Mill to the London Debating Society on ‘perfectibility’, 2 May 1828. p. 279 US air pollutant emissions graph. US Environmental Protection Agency. p. 280 ‘the economist Julian Simon tried it in the 1990s’.


pages: 543 words: 153,550

Model Thinker: What You Need to Know to Make Data Work for You by Scott E. Page

Airbnb, Albert Einstein, Alfred Russel Wallace, algorithmic trading, Alvin Roth, assortative mating, behavioural economics, Bernie Madoff, bitcoin, Black Swan, blockchain, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Checklist Manifesto, computer age, corporate governance, correlation does not imply causation, cuban missile crisis, data science, deep learning, deliberate practice, discrete time, distributed ledger, Easter island, en.wikipedia.org, Estimating the Reproducibility of Psychological Science, Everything should be made as simple as possible, experimental economics, first-price auction, Flash crash, Ford Model T, Geoffrey West, Santa Fe Institute, germ theory of disease, Gini coefficient, Higgs boson, High speed trading, impulse control, income inequality, Isaac Newton, John von Neumann, Kenneth Rogoff, knowledge economy, knowledge worker, Long Term Capital Management, loss aversion, low skilled workers, Mark Zuckerberg, market design, meta-analysis, money market fund, multi-armed bandit, Nash equilibrium, natural language processing, Network effects, opioid epidemic / opioid crisis, p-value, Pareto efficiency, pattern recognition, Paul Erdős, Paul Samuelson, phenotype, Phillips curve, power law, pre–internet, prisoner's dilemma, race to the bottom, random walk, randomized controlled trial, Richard Feynman, Richard Thaler, Robert Solow, school choice, scientific management, sealed-bid auction, second-price auction, selection bias, six sigma, social graph, spectrum auction, statistical model, Stephen Hawking, Supply of New York City Cabdrivers, systems thinking, tacit knowledge, The Bell Curve by Richard Herrnstein and Charles Murray, The Great Moderation, the long tail, The Rise and Fall of American Growth, the rule of 72, the scientific method, The Spirit Level, the strength of weak ties, The Wisdom of Crowds, Thomas Malthus, Thorstein Veblen, Tragedy of the Commons, urban sprawl, value at risk, web application, winner-take-all economy, zero-sum game

Twenty-five years ago, a book of models would have been intended for professors and graduate students studying business, policy, and the social sciences along with financial analysts, actuaries, and members of the intelligence community. These were the people who applied models and, not coincidentally, they were also the people most engaged with large data sets. Today, a book of models has a much larger audience: the vast universe of knowledge workers, who, owing to the rise of big data, now find working with models a part of their daily lives. Organizing and interpreting data with models has become a core competency for business strategists, urban planners, economists, medical professionals, engineers, actuaries, and environmental scientists among others.


pages: 486 words: 150,849

Evil Geniuses: The Unmaking of America: A Recent History by Kurt Andersen

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, airline deregulation, airport security, Alan Greenspan, always be closing, American ideology, American Legislative Exchange Council, An Inconvenient Truth, anti-communist, Apple's 1984 Super Bowl advert, artificial general intelligence, autonomous vehicles, basic income, Bear Stearns, Bernie Sanders, blue-collar work, Bonfire of the Vanities, bonus culture, Burning Man, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Cass Sunstein, centre right, computer age, contact tracing, coronavirus, corporate governance, corporate raider, cotton gin, COVID-19, creative destruction, Credit Default Swap, cryptocurrency, deep learning, DeepMind, deindustrialization, Donald Trump, Dr. Strangelove, Elon Musk, ending welfare as we know it, Erik Brynjolfsson, feminist movement, financial deregulation, financial innovation, Francis Fukuyama: the end of history, future of work, Future Shock, game design, General Motors Futurama, George Floyd, George Gilder, Gordon Gekko, greed is good, Herbert Marcuse, Herman Kahn, High speed trading, hive mind, income inequality, industrial robot, interchangeable parts, invisible hand, Isaac Newton, It's morning again in America, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jitney, Joan Didion, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, junk bonds, Kevin Roose, knowledge worker, lockdown, low skilled workers, Lyft, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, Menlo Park, Naomi Klein, new economy, Norbert Wiener, Norman Mailer, obamacare, Overton Window, Peter Thiel, Picturephone, plutocrats, post-industrial society, Powell Memorandum, pre–internet, public intellectual, Ralph Nader, Right to Buy, road to serfdom, Robert Bork, Robert Gordon, Robert Mercer, Ronald Reagan, Saturday Night Live, Seaside, Florida, Second Machine Age, shareholder value, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Stewart Brand, stock buybacks, strikebreaker, tech billionaire, The Death and Life of Great American Cities, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Tim Cook: Apple, too big to fail, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, union organizing, universal basic income, Unsafe at Any Speed, urban planning, urban renewal, very high income, wage slave, Wall-E, War on Poverty, We are all Keynesians now, Whole Earth Catalog, winner-take-all economy, women in the workforce, working poor, young professional, éminence grise

As western leaders learnt in the Great Depression, and after the second world war, to demand collective sacrifice you must offer a social contract that benefits everyone. Today’s crisis is laying bare how far many rich societies fall short of this ideal….We are not really all in this together….Better paid knowledge workers often face only the nuisance of working from home….Radical reforms—reversing the prevailing policy direction of the last four decades—will need to be put on the table….Redistribution will again be on the agenda….Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.


pages: 574 words: 164,509

Superintelligence: Paths, Dangers, Strategies by Nick Bostrom

agricultural Revolution, AI winter, Albert Einstein, algorithmic trading, anthropic principle, Anthropocene, anti-communist, artificial general intelligence, autism spectrum disorder, autonomous vehicles, backpropagation, barriers to entry, Bayesian statistics, bioinformatics, brain emulation, cloud computing, combinatorial explosion, computer vision, Computing Machinery and Intelligence, cosmological constant, dark matter, DARPA: Urban Challenge, data acquisition, delayed gratification, Demis Hassabis, demographic transition, different worldview, Donald Knuth, Douglas Hofstadter, driverless car, Drosophila, Elon Musk, en.wikipedia.org, endogenous growth, epigenetics, fear of failure, Flash crash, Flynn Effect, friendly AI, general purpose technology, Geoffrey Hinton, Gödel, Escher, Bach, hallucination problem, Hans Moravec, income inequality, industrial robot, informal economy, information retrieval, interchangeable parts, iterative process, job automation, John Markoff, John von Neumann, knowledge worker, Large Hadron Collider, longitudinal study, machine translation, megaproject, Menlo Park, meta-analysis, mutually assured destruction, Nash equilibrium, Netflix Prize, new economy, Nick Bostrom, Norbert Wiener, NP-complete, nuclear winter, operational security, optical character recognition, paperclip maximiser, pattern recognition, performance metric, phenotype, prediction markets, price stability, principal–agent problem, race to the bottom, random walk, Ray Kurzweil, recommendation engine, reversible computing, search costs, social graph, speech recognition, Stanislav Petrov, statistical model, stem cell, Stephen Hawking, Strategic Defense Initiative, strong AI, superintelligent machines, supervolcano, synthetic biology, technological singularity, technoutopianism, The Coming Technological Singularity, The Nature of the Firm, Thomas Kuhn: the structure of scientific revolutions, time dilation, Tragedy of the Commons, transaction costs, trolley problem, Turing machine, Vernor Vinge, WarGames: Global Thermonuclear War, Watson beat the top human players on Jeopardy!, World Values Survey, zero-sum game

However, setting aside the question of how modernity’s shortcomings stack up against the not-so-inconsiderable failings of earlier epochs, nothing in our definition of collective superintelligence implies that a society with greater collective intelligence is necessarily better off. The definition does not even imply that the more collectively intelligent society is wiser. We can think of wisdom as the ability to get the important things approximately right. It is then possible to imagine an organization composed of a very large cadre of very efficiently coordinated knowledge workers, who collectively can solve intellectual problems across many very general domains. This organization, let us suppose, can operate most kinds of businesses, invent most kinds of technologies, and optimize most kinds of processes. Even so, it might get a few key big-picture issues entirely wrong—for instance, it may fail to take proper precautions against existential risks—and as a result pursue a short explosive growth spurt that ends ingloriously in total collapse.


pages: 611 words: 188,732

Valley of Genius: The Uncensored History of Silicon Valley (As Told by the Hackers, Founders, and Freaks Who Made It Boom) by Adam Fisher

adjacent possible, Airbnb, Albert Einstein, AltaVista, An Inconvenient Truth, Andy Rubin, AOL-Time Warner, Apple II, Apple Newton, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, Bill Atkinson, Bob Noyce, Brownian motion, Buckminster Fuller, Burning Man, Byte Shop, circular economy, cognitive dissonance, Colossal Cave Adventure, Computer Lib, disintermediation, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Trump, Douglas Engelbart, driverless car, dual-use technology, Dynabook, Elon Musk, Fairchild Semiconductor, fake it until you make it, fake news, frictionless, General Magic , glass ceiling, Hacker Conference 1984, Hacker Ethic, Henry Singleton, Howard Rheingold, HyperCard, hypertext link, index card, informal economy, information retrieval, Ivan Sutherland, Jaron Lanier, Jeff Bezos, Jeff Rulifson, John Markoff, John Perry Barlow, Jony Ive, Kevin Kelly, Kickstarter, knowledge worker, Larry Ellison, life extension, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Maui Hawaii, Menlo Park, Metcalfe’s law, Mondo 2000, Mother of all demos, move fast and break things, Neal Stephenson, Network effects, new economy, nuclear winter, off-the-grid, PageRank, Paul Buchheit, paypal mafia, peer-to-peer, Peter Thiel, pets.com, pez dispenser, popular electronics, quantum entanglement, random walk, reality distortion field, risk tolerance, Robert Metcalfe, rolodex, Salesforce, self-driving car, side project, Silicon Valley, Silicon Valley startup, skeuomorphism, skunkworks, Skype, Snow Crash, social graph, social web, South of Market, San Francisco, Startup school, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, Stewart Brand, Susan Wojcicki, synthetic biology, Ted Nelson, telerobotics, The future is already here, The Hackers Conference, the long tail, the new new thing, Tim Cook: Apple, Tony Fadell, tulip mania, V2 rocket, We are as Gods, Whole Earth Catalog, Whole Earth Review, Y Combinator

Computers, he reasoned, should have keyboards and screens instead of punch cards and printouts. They should augment rather than replace the human intellect. And so he pulled a team together and built a working prototype: the oN-Line System. Unlike earlier efforts, the NLS wasn’t a military supercalculator. It was a general-purpose tool designed to help knowledge workers perform better and faster, and that was a controversial idea. Letting nonengineers interact directly with a computer was seen as harebrained, utopian—subversive, even. And then people saw the demo. Doug Engelbart: In 1950 I got engaged. Getting married and living happily ever after just kind of shook me.


pages: 775 words: 208,604

The Great Leveler: Violence and the History of Inequality From the Stone Age to the Twenty-First Century by Walter Scheidel

agricultural Revolution, assortative mating, basic income, Berlin Wall, Bernie Sanders, Branko Milanovic, British Empire, capital controls, Capital in the Twenty-First Century by Thomas Piketty, classic study, collective bargaining, colonial rule, Columbian Exchange, conceptual framework, confounding variable, corporate governance, cosmological principle, CRISPR, crony capitalism, dark matter, declining real wages, democratizing finance, demographic transition, Dissolution of the Soviet Union, Downton Abbey, Edward Glaeser, failed state, Fall of the Berlin Wall, financial deregulation, fixed income, Francisco Pizarro, full employment, Gini coefficient, global pandemic, Great Leap Forward, guns versus butter model, hiring and firing, income inequality, John Markoff, knowledge worker, land reform, land tenure, low skilled workers, means of production, mega-rich, Network effects, nuclear winter, offshore financial centre, plutocrats, race to the bottom, recommendation engine, rent control, rent-seeking, road to serfdom, Robert Gordon, Ronald Reagan, Second Machine Age, Simon Kuznets, synthetic biology, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Malthus, transaction costs, transatlantic slave trade, universal basic income, very high income, working-age population, zero-sum game

In Amsterdam between 1580 and 1789, the wages of senior administrative officials, clerks, schoolmasters, and barber-surgeons rose more quickly—by a factor of five to ten—than did those of carpenters, which merely doubled. For some professions, such as surgeons, this may reflect the attachment of greater importance to their skills, even though skill premiums for workers did not generally increase during this period. However, generous raises for government officials and cognate knowledge workers such as schoolmasters may well have been driven in the first instance by a desire to keep up with those in the same bourgeois stratum who benefited from growing capital income. Thus commercial capital income seems to have had a striking knock-on effect on wages for certain socially privileged groups.


pages: 721 words: 197,134

Data Mining: Concepts, Models, Methods, and Algorithms by Mehmed Kantardzić

Albert Einstein, algorithmic bias, backpropagation, bioinformatics, business cycle, business intelligence, business process, butter production in bangladesh, combinatorial explosion, computer vision, conceptual framework, correlation coefficient, correlation does not imply causation, data acquisition, discrete time, El Camino Real, fault tolerance, finite state, Gini coefficient, information retrieval, Internet Archive, inventory management, iterative process, knowledge worker, linked data, loose coupling, Menlo Park, natural language processing, Netflix Prize, NP-complete, PageRank, pattern recognition, peer-to-peer, phenotype, random walk, RFID, semantic web, speech recognition, statistical model, Telecommunications Act of 1996, telemarketer, text mining, traveling salesman, web application

The result is a report explosion in which literally hundreds of predefined reports are generated and pushed throughout the organization. Every report produces another. Presentations get more complex. Data are exploding. The best opportunities and the most important decisions are often the hardest to see. This is in direct conflict with the needs of frontline decision makers and knowledge workers who are demanding to be included in the analytical process. Presenting information visually, in an environment that encourages the exploration of linked events, leads to deeper insights and more results that can be acted upon. Over the past decade, research on information visualization has focused on developing specific visualization techniques.


The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling by Ralph Kimball, Margy Ross

active measures, Albert Einstein, book value, business intelligence, business process, call centre, cloud computing, data acquisition, data science, discrete time, false flag, inventory management, iterative process, job automation, knowledge worker, performance metric, platform as a service, side project, zero-sum game

This is why you are paid so well…. Data Quality Three powerful forces have converged to put data quality concerns near the top of the list for executives. First, the long-term cultural trend that says, “If only I could see the data, then I could manage my business better” continues to grow; today's knowledge workers believe instinctively that data is a crucial requirement for them to function in their jobs. Second, most organizations understand their data sources are profoundly distributed, typically around the world, and that effectively integrating a myriad of disparate data sources is required. And third, the sharply increased demands for compliance mean careless handling of data will not be overlooked or excused.


pages: 677 words: 206,548

Future Crimes: Everything Is Connected, Everyone Is Vulnerable and What We Can Do About It by Marc Goodman

23andMe, 3D printing, active measures, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, algorithmic trading, Alvin Toffler, Apollo 11, Apollo 13, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, Bill Joy: nanobots, bitcoin, Black Swan, blockchain, borderless world, Boston Dynamics, Brian Krebs, business process, butterfly effect, call centre, Charles Lindbergh, Chelsea Manning, Citizen Lab, cloud computing, Cody Wilson, cognitive dissonance, computer vision, connected car, corporate governance, crowdsourcing, cryptocurrency, data acquisition, data is the new oil, data science, Dean Kamen, deep learning, DeepMind, digital rights, disinformation, disintermediation, Dogecoin, don't be evil, double helix, Downton Abbey, driverless car, drone strike, Edward Snowden, Elon Musk, Erik Brynjolfsson, Evgeny Morozov, Filter Bubble, Firefox, Flash crash, Free Software Foundation, future of work, game design, gamification, global pandemic, Google Chrome, Google Earth, Google Glasses, Gordon Gekko, Hacker News, high net worth, High speed trading, hive mind, Howard Rheingold, hypertext link, illegal immigration, impulse control, industrial robot, information security, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jaron Lanier, Jeff Bezos, job automation, John Harrison: Longitude, John Markoff, Joi Ito, Jony Ive, Julian Assange, Kevin Kelly, Khan Academy, Kickstarter, Kiva Systems, knowledge worker, Kuwabatake Sanjuro: assassination market, Large Hadron Collider, Larry Ellison, Laura Poitras, Law of Accelerating Returns, Lean Startup, license plate recognition, lifelogging, litecoin, low earth orbit, M-Pesa, machine translation, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Metcalfe’s law, MITM: man-in-the-middle, mobile money, more computing power than Apollo, move fast and break things, Nate Silver, national security letter, natural language processing, Nick Bostrom, obamacare, Occupy movement, Oculus Rift, off grid, off-the-grid, offshore financial centre, operational security, optical character recognition, Parag Khanna, pattern recognition, peer-to-peer, personalized medicine, Peter H. Diamandis: Planetary Resources, Peter Thiel, pre–internet, printed gun, RAND corporation, ransomware, Ray Kurzweil, Recombinant DNA, refrigerator car, RFID, ride hailing / ride sharing, Rodney Brooks, Ross Ulbricht, Russell Brand, Salesforce, Satoshi Nakamoto, Second Machine Age, security theater, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, SimCity, Skype, smart cities, smart grid, smart meter, Snapchat, social graph, SoftBank, software as a service, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, Stuxnet, subscription business, supply-chain management, synthetic biology, tech worker, technological singularity, TED Talk, telepresence, telepresence robot, Tesla Model S, The future is already here, The Future of Employment, the long tail, The Wisdom of Crowds, Tim Cook: Apple, trade route, uranium enrichment, Virgin Galactic, Wall-E, warehouse robotics, Watson beat the top human players on Jeopardy!, Wave and Pay, We are Anonymous. We are Legion, web application, Westphalian system, WikiLeaks, Y Combinator, you are the product, zero day

But more things online means more things to hack, giving bad actors access to increasingly intimate parts of our lives from our bedrooms to our own bodies as biology becomes integrated with information technology. And at every step of the way, criminals, terrorists, and rogue governments are ready to exploit our common technical insecurity through the sweeping flaws that persist in today’s software and hardware systems. These illicit knowledge workers of the twenty-first century are deeply innovative, adaptive, and ever learning and employ the latest business practices, from crowdsourcing to affiliate marketing, to subvert the technologies around us. Advances in computing and artificial intelligence mean that crime has now become scripted, run algorithmically, to much greater effect and with far fewer human beings required.


pages: 691 words: 203,236

Whiteshift: Populism, Immigration and the Future of White Majorities by Eric Kaufmann

4chan, Abraham Maslow, affirmative action, Amazon Mechanical Turk, anti-communist, anti-globalists, augmented reality, battle of ideas, behavioural economics, Berlin Wall, Bernie Sanders, Boris Johnson, Brexit referendum, British Empire, centre right, Chelsea Manning, cognitive dissonance, complexity theory, corporate governance, correlation does not imply causation, critical race theory, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, David Brooks, deindustrialization, demographic transition, Donald Trump, Elon Musk, en.wikipedia.org, facts on the ground, failed state, fake news, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, gentrification, Great Leap Forward, Haight Ashbury, Herbert Marcuse, illegal immigration, immigration reform, imperial preference, income inequality, it's over 9,000, Jeremy Corbyn, knowledge economy, knowledge worker, liberal capitalism, longitudinal study, Lyft, mass immigration, meta-analysis, microaggression, moral panic, Nate Silver, New Urbanism, Norman Mailer, open borders, open immigration, opioid epidemic / opioid crisis, Overton Window, phenotype, postnationalism / post nation state, Ralph Waldo Emerson, Republic of Letters, Ronald Reagan, Scientific racism, Silicon Valley, Social Justice Warrior, statistical model, Steve Bannon, Steven Pinker, the built environment, the scientific method, The Wisdom of Crowds, transcontinental railway, twin studies, uber lyft, upwardly mobile, urban sprawl, W. E. B. Du Bois, Washington Consensus, white flight, working-age population, World Values Survey, young professional

Left-modernist eschatology replaced the Marxist workers’ paradise with the multiculturalist dream of equality-in-diversity. The New Left electrified the rising Baby Boom generation of intellectuals. Its tenets were less threatening to capitalism and thus, in softened form, more readily absorbed by large corporations, government and a rising cohort of knowledge workers. This took time. The quickest strides were made in progressive circles, especially in universities. Baby Boomer scholar-activists began to occupy positions in the humanities and social sciences, instilling a more pronounced left-modernist ethos in these disciplines. For instance, leftist activists succeeded in using a ballot to install Alfred McClung Lee as president of the American Sociological Association (ASA), the discipline’s professional organization, in 1976.


pages: 716 words: 192,143

The Enlightened Capitalists by James O'Toole

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, activist fund / activist shareholder / activist investor, anti-communist, Ayatollah Khomeini, benefit corporation, Bernie Madoff, Bletchley Park, book value, British Empire, business cycle, business logic, business process, California gold rush, carbon footprint, City Beautiful movement, collective bargaining, company town, compensation consultant, Cornelius Vanderbilt, corporate governance, corporate social responsibility, Credit Default Swap, crowdsourcing, cryptocurrency, desegregation, do well by doing good, Donald Trump, double entry bookkeeping, end world poverty, equal pay for equal work, Frederick Winslow Taylor, full employment, garden city movement, germ theory of disease, glass ceiling, God and Mammon, greed is good, high-speed rail, hiring and firing, income inequality, indoor plumbing, inventory management, invisible hand, James Hargreaves, job satisfaction, joint-stock company, Kickstarter, knowledge worker, Lao Tzu, Larry Ellison, longitudinal study, Louis Pasteur, Lyft, Marc Benioff, means of production, Menlo Park, North Sea oil, passive investing, Ponzi scheme, profit maximization, profit motive, Ralph Waldo Emerson, rolodex, Ronald Reagan, Salesforce, scientific management, shareholder value, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, Socratic dialogue, sovereign wealth fund, spinning jenny, Steve Jobs, Steve Wozniak, stock buybacks, stocks for the long run, stocks for the long term, The Fortune at the Bottom of the Pyramid, The Wealth of Nations by Adam Smith, Tim Cook: Apple, traveling salesman, Uber and Lyft, uber lyft, union organizing, Vanguard fund, white flight, women in the workforce, young professional

“They’re fantastic people,” he later recalled, “but no one had ever given them the tools to do the job right.”17 The most important of those tools, Stack reasoned, is information—not an obvious conclusion in the grungy old-line business of rebuilding diesel engines for the used truck and tractor markets. Still, he believed that if his people knew how their own performance translated into the company’s overall ability to compete—and if they had the authority to act on that knowledge—workers would start to think like managers, and everyone would start to act as if they owned the business (which they did). In his book The Great Game of Business, Stack describes the practice of “open-book management” he developed at SpringfieldRe: every employee is given access to all managerial information.


The Code: Silicon Valley and the Remaking of America by Margaret O'Mara

A Declaration of the Independence of Cyberspace, accounting loophole / creative accounting, affirmative action, Airbnb, Alan Greenspan, AltaVista, Alvin Toffler, Amazon Web Services, An Inconvenient Truth, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, autonomous vehicles, back-to-the-land, barriers to entry, Ben Horowitz, Berlin Wall, Big Tech, Black Lives Matter, Bob Noyce, Buckminster Fuller, Burning Man, business climate, Byte Shop, California gold rush, Californian Ideology, carried interest, clean tech, clean water, cloud computing, cognitive dissonance, commoditize, company town, Compatible Time-Sharing System, computer age, Computer Lib, continuous integration, cuban missile crisis, Danny Hillis, DARPA: Urban Challenge, deindustrialization, different worldview, digital divide, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Trump, Doomsday Clock, Douglas Engelbart, driverless car, Dynabook, Edward Snowden, El Camino Real, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Frank Gehry, Future Shock, Gary Kildall, General Magic , George Gilder, gig economy, Googley, Hacker Ethic, Hacker News, high net worth, hockey-stick growth, Hush-A-Phone, immigration reform, income inequality, industrial research laboratory, informal economy, information retrieval, invention of movable type, invisible hand, Isaac Newton, It's morning again in America, Jeff Bezos, Joan Didion, job automation, job-hopping, John Gilmore, John Markoff, John Perry Barlow, Julian Assange, Kitchen Debate, knowledge economy, knowledge worker, Larry Ellison, Laura Poitras, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Mary Meeker, mass immigration, means of production, mega-rich, Menlo Park, Mikhail Gorbachev, military-industrial complex, millennium bug, Mitch Kapor, Mother of all demos, move fast and break things, mutually assured destruction, Neil Armstrong, new economy, Norbert Wiener, old-boy network, Palm Treo, pattern recognition, Paul Graham, Paul Terrell, paypal mafia, Peter Thiel, pets.com, pirate software, popular electronics, pre–internet, prudent man rule, Ralph Nader, RAND corporation, Richard Florida, ride hailing / ride sharing, risk tolerance, Robert Metcalfe, ROLM, Ronald Reagan, Salesforce, Sand Hill Road, Second Machine Age, self-driving car, shareholder value, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, skunkworks, Snapchat, social graph, software is eating the world, Solyndra, speech recognition, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Strategic Defense Initiative, supercomputer in your pocket, Susan Wojcicki, tacit knowledge, tech billionaire, tech worker, technoutopianism, Ted Nelson, TED Talk, the Cathedral and the Bazaar, the market place, the new new thing, The Soul of a New Machine, There's no reason for any individual to have a computer in his home - Ken Olsen, Thomas L Friedman, Tim Cook: Apple, Timothy McVeigh, transcontinental railway, Twitter Arab Spring, Uber and Lyft, uber lyft, Unsafe at Any Speed, upwardly mobile, Vannevar Bush, War on Poverty, Wargames Reagan, WarGames: Global Thermonuclear War, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, work culture , Y Combinator, Y2K

Steve Jobs had engineered his specially built Mac factory in Fremont to produce a million units a year—and he predicted that it would soon run at full capacity. It was, he proclaimed again and again, “insanely great!”9 The Mac was conquering a new market too: higher education. “These students are the knowledge workers of tomorrow,” Jobs told InfoWorld. Students were smack in the middle of Arnold Mitchell’s “achievers” psychographic; placing Macs on their desks at age nineteen would always associate the brand with their fondly remembered college days. (It also broadened the gender profile; college students were the only target market for the Mac that included women as well as men.)


pages: 843 words: 223,858

The Rise of the Network Society by Manuel Castells

air traffic controllers' union, Alan Greenspan, Apple II, Asian financial crisis, barriers to entry, Big bang: deregulation of the City of London, Bob Noyce, borderless world, British Empire, business cycle, capital controls, classic study, complexity theory, computer age, Computer Lib, computerized trading, content marketing, creative destruction, Credit Default Swap, declining real wages, deindustrialization, delayed gratification, dematerialisation, deskilling, digital capitalism, digital divide, disintermediation, double helix, Douglas Engelbart, Douglas Engelbart, edge city, experimental subject, export processing zone, Fairchild Semiconductor, financial deregulation, financial independence, floating exchange rates, future of work, gentrification, global village, Gunnar Myrdal, Hacker Ethic, hiring and firing, Howard Rheingold, illegal immigration, income inequality, independent contractor, Induced demand, industrial robot, informal economy, information retrieval, intermodal, invention of the steam engine, invention of the telephone, inventory management, Ivan Sutherland, James Watt: steam engine, job automation, job-hopping, John Markoff, John Perry Barlow, Kanban, knowledge economy, knowledge worker, labor-force participation, laissez-faire capitalism, Leonard Kleinrock, longitudinal study, low skilled workers, manufacturing employment, Marc Andreessen, Marshall McLuhan, means of production, megacity, Menlo Park, military-industrial complex, moral panic, new economy, New Urbanism, offshore financial centre, oil shock, open economy, packet switching, Pearl River Delta, peer-to-peer, planetary scale, popular capitalism, popular electronics, post-Fordism, post-industrial society, Post-Keynesian economics, postindustrial economy, prediction markets, Productivity paradox, profit maximization, purchasing power parity, RAND corporation, Recombinant DNA, Robert Gordon, Robert Metcalfe, Robert Solow, seminal paper, Shenzhen special economic zone , Shoshana Zuboff, Silicon Valley, Silicon Valley startup, social software, South China Sea, South of Market, San Francisco, special economic zone, spinning jenny, statistical model, Steve Jobs, Steve Wozniak, Strategic Defense Initiative, tacit knowledge, technological determinism, Ted Nelson, the built environment, the medium is the message, the new new thing, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, total factor productivity, trade liberalization, transaction costs, urban renewal, urban sprawl, vertical integration, work culture , zero-sum game

On the other hand, there has been a parallel growth of highly educated occupations and low-skill jobs, with very different bargaining power in the labor market. Exaggerating the terminology to capture the imagination of the reader, I labeled these two types of workers “self-programmable labor” and “generic labor”. Indeed, there has been a tendency to increase the decision-making autonomy of educated knowledge workers who have become the most valuable assets for their companies. They are often referred to as “talent”. On the other hand, generic workers, as executants of instructions, have continued to proliferate, as many menial tasks can hardly be automated and many workers, particularly youth, women, and immigrants, are ready to accept whatever conditions are necessary to get a job.


pages: 828 words: 232,188

Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy by Francis Fukuyama

Affordable Care Act / Obamacare, Andrei Shleifer, Asian financial crisis, Atahualpa, banking crisis, barriers to entry, Berlin Wall, blood diamond, British Empire, centre right, classic study, clean water, collapse of Lehman Brothers, colonial rule, conceptual framework, Cornelius Vanderbilt, cotton gin, crony capitalism, Day of the Dead, deindustrialization, Deng Xiaoping, disruptive innovation, double entry bookkeeping, Edward Snowden, Erik Brynjolfsson, European colonialism, facts on the ground, failed state, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, Francisco Pizarro, Frederick Winslow Taylor, full employment, Gini coefficient, Glass-Steagall Act, Great Leap Forward, Hernando de Soto, high-speed rail, Home mortgage interest deduction, household responsibility system, income inequality, information asymmetry, invention of the printing press, iterative process, Kickstarter, knowledge worker, labour management system, land reform, land tenure, life extension, low interest rates, low skilled workers, manufacturing employment, means of production, Menlo Park, Mohammed Bouazizi, Monroe Doctrine, moral hazard, Nelson Mandela, new economy, open economy, out of africa, Peace of Westphalia, Port of Oakland, post-industrial society, post-materialism, price discrimination, quantitative easing, RAND corporation, rent-seeking, road to serfdom, Ronald Reagan, scientific management, Scientific racism, Scramble for Africa, Second Machine Age, Silicon Valley, special economic zone, stem cell, subprime mortgage crisis, the scientific method, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, too big to fail, trade route, transaction costs, Twitter Arab Spring, Tyler Cowen, Tyler Cowen: Great Stagnation, Vilfredo Pareto, women in the workforce, work culture , World Values Survey, zero-sum game

Public policy supported deregulation and privatization at home and pushed for free trade and open investment abroad. Particularly in the United States, politicians intervened to weaken the power of trade unions and to otherwise increase the flexibility of labor markets. Individuals were advised to embrace disruptive change and were told that they would find better opportunities as knowledge workers doing creative and interesting things in the new economy. France and Italy stood at the other end of this spectrum, seeking to protect middle-class jobs by imposing onerous rules on companies attempting to lay off workers. By not recognizing the need for adjustment in work rules and labor conditions, they stopped job loss in the short run while losing competitiveness to other countries in the long run.


pages: 976 words: 235,576

The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite by Daniel Markovits

8-hour work day, activist fund / activist shareholder / activist investor, affirmative action, algorithmic management, Amazon Robotics, Anton Chekhov, asset-backed security, assortative mating, basic income, Bernie Sanders, big-box store, business cycle, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, Carl Icahn, carried interest, collateralized debt obligation, collective bargaining, compensation consultant, computer age, corporate governance, corporate raider, crony capitalism, David Brooks, deskilling, Detroit bankruptcy, disruptive innovation, Donald Trump, Edward Glaeser, Emanuel Derman, equity premium, European colonialism, everywhere but in the productivity statistics, fear of failure, financial engineering, financial innovation, financial intermediation, fixed income, Ford paid five dollars a day, Frederick Winslow Taylor, fulfillment center, full employment, future of work, gender pay gap, gentrification, George Akerlof, Gini coefficient, glass ceiling, Glass-Steagall Act, Greenspan put, helicopter parent, Herbert Marcuse, high net worth, hiring and firing, income inequality, industrial robot, interchangeable parts, invention of agriculture, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, junk bonds, Kevin Roose, Kiva Systems, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, Larry Ellison, longitudinal study, low interest rates, low skilled workers, machine readable, manufacturing employment, Mark Zuckerberg, Martin Wolf, mass incarceration, medical residency, meritocracy, minimum wage unemployment, Myron Scholes, Nate Silver, New Economic Geography, new economy, offshore financial centre, opioid epidemic / opioid crisis, Paul Samuelson, payday loans, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, precariat, purchasing power parity, rent-seeking, Richard Florida, Robert Gordon, Robert Shiller, Robert Solow, Ronald Reagan, Rutger Bregman, savings glut, school choice, shareholder value, Silicon Valley, Simon Kuznets, six sigma, Skype, stakhanovite, stem cell, Stephen Fry, Steve Jobs, stock buybacks, supply-chain management, telemarketer, The Bell Curve by Richard Herrnstein and Charles Murray, The Theory of the Leisure Class by Thorstein Veblen, Thomas Davenport, Thorstein Veblen, too big to fail, total factor productivity, transaction costs, traveling salesman, universal basic income, unpaid internship, Vanguard fund, War on Poverty, warehouse robotics, Winter of Discontent, women in the workforce, work culture , working poor, Yochai Benkler, young professional, zero-sum game

“eager and energetic”: Leslie Kwoh, “Hazard of the Trade: Bankers’ Health,” Wall Street Journal, February 15, 2012, accessed November 18, 2018, www.wsj.com/articles/SB10001424052970204062704577223623824944472, citing Alexandra Michel, Transcending Socialization: A Nine-Year Ethnography of the Body’s Role in Organizational Control and Knowledge Worker Transformation (2011), http://alexandramichel.com/ASQ%2011-11.pdf. Another study reports that more than two-thirds of overworked professionals do not sleep enough. Hewlett and Luce, “Extreme Jobs,” 54. just the first half of the 1980s: Schor, The Overworked American, 11. 260 annual days of sunshine: Jeffrey M.


pages: 898 words: 266,274

The Irrational Bundle by Dan Ariely

accounting loophole / creative accounting, air freight, Albert Einstein, Alvin Roth, An Inconvenient Truth, assortative mating, banking crisis, Bear Stearns, behavioural economics, Bernie Madoff, Black Swan, Broken windows theory, Burning Man, business process, cashless society, Cass Sunstein, clean water, cognitive dissonance, cognitive load, compensation consultant, computer vision, Cornelius Vanderbilt, corporate governance, credit crunch, Credit Default Swap, Daniel Kahneman / Amos Tversky, delayed gratification, Demis Hassabis, Donald Trump, end world poverty, endowment effect, Exxon Valdez, fake it until you make it, financial engineering, first-price auction, Ford Model T, Frederick Winslow Taylor, fudge factor, Garrett Hardin, George Akerlof, Gordon Gekko, greed is good, happiness index / gross national happiness, hedonic treadmill, IKEA effect, Jean Tirole, job satisfaction, John Perry Barlow, Kenneth Arrow, knowledge economy, knowledge worker, lake wobegon effect, late fees, loss aversion, Murray Gell-Mann, name-letter effect, new economy, operational security, Pepsi Challenge, Peter Singer: altruism, placebo effect, price anchoring, Richard Feynman, Richard Thaler, Saturday Night Live, Schrödinger's Cat, search costs, second-price auction, Shai Danziger, shareholder value, Silicon Valley, Skinner box, Skype, social contagion, software as a service, Steve Jobs, subprime mortgage crisis, sunk-cost fallacy, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Tragedy of the Commons, ultimatum game, Upton Sinclair, Walter Mischel, young professional

In so doing, companies run the risk of taking away employees’ sense of the big picture, purpose, and sense of completion. Highly divisible labor might be efficient if people were automatons, but, given the importance of internal motivation and meaning to our drive and productivity, this approach might backfire. In the absence of meaning, knowledge workers may feel like Charlie Chaplin’s character in Modern Times, pulled through the gears and cogs of a machine in a factory, and as a consequence they have little desire to put their heart and soul into their labor. In Search of Meaning If we look at the labor market through this lens, it is easy to see the multiple ways in which companies, however unintentionally, choke the motivation out of their employees.


pages: 864 words: 272,918

Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris

2021 United States Capitol attack, Aaron Swartz, affirmative action, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, Amazon Mechanical Turk, Amazon Web Services, Apple II, Apple's 1984 Super Bowl advert, back-to-the-land, bank run, Bear Stearns, Big Tech, Bill Gates: Altair 8800, Black Lives Matter, Bob Noyce, book scanning, British Empire, business climate, California gold rush, Cambridge Analytica, capital controls, Charles Lindbergh, classic study, cloud computing, collective bargaining, colonial exploitation, colonial rule, Colonization of Mars, commoditize, company town, computer age, conceptual framework, coronavirus, corporate personhood, COVID-19, cuban missile crisis, deindustrialization, Deng Xiaoping, desegregation, deskilling, digital map, double helix, Douglas Engelbart, Edward Snowden, Elon Musk, Erlich Bachman, estate planning, European colonialism, Fairchild Semiconductor, financial engineering, financial innovation, fixed income, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gentrification, George Floyd, ghettoisation, global value chain, Golden Gate Park, Google bus, Google Glasses, greed is good, hiring and firing, housing crisis, hydraulic fracturing, if you build it, they will come, illegal immigration, immigration reform, invisible hand, It's morning again in America, iterative process, Jeff Bezos, Joan Didion, John Markoff, joint-stock company, Jony Ive, Kevin Kelly, Kickstarter, knowledge worker, land reform, Larry Ellison, Lean Startup, legacy carrier, life extension, longitudinal study, low-wage service sector, Lyft, manufacturing employment, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, Metcalfe’s law, microdosing, Mikhail Gorbachev, military-industrial complex, Monroe Doctrine, Mont Pelerin Society, moral panic, mortgage tax deduction, Mother of all demos, move fast and break things, mutually assured destruction, new economy, Oculus Rift, off grid, oil shale / tar sands, PageRank, PalmPilot, passive income, Paul Graham, paypal mafia, Peter Thiel, pets.com, phenotype, pill mill, platform as a service, Ponzi scheme, popular electronics, power law, profit motive, race to the bottom, radical life extension, RAND corporation, Recombinant DNA, refrigerator car, Richard Florida, ride hailing / ride sharing, rising living standards, risk tolerance, Robert Bork, Robert Mercer, Robert Metcalfe, Ronald Reagan, Salesforce, San Francisco homelessness, Sand Hill Road, scientific management, semantic web, sexual politics, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social web, SoftBank, software as a service, sovereign wealth fund, special economic zone, Stanford marshmallow experiment, Stanford prison experiment, stem cell, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stock buybacks, strikebreaker, Suez canal 1869, super pumped, TaskRabbit, tech worker, Teledyne, telemarketer, the long tail, the new new thing, thinkpad, Thorstein Veblen, Tim Cook: Apple, Tony Fadell, too big to fail, Toyota Production System, Tragedy of the Commons, transcontinental railway, traumatic brain injury, Travis Kalanick, TSMC, Uber and Lyft, Uber for X, uber lyft, ubercab, union organizing, Upton Sinclair, upwardly mobile, urban decay, urban renewal, value engineering, Vannevar Bush, vertical integration, Vision Fund, W. E. B. Du Bois, War on Poverty, warehouse robotics, Wargames Reagan, Washington Consensus, white picket fence, William Shockley: the traitorous eight, women in the workforce, Y Combinator, Y2K, Yogi Berra, éminence grise

Harman got a placement at SRI, too, and he quietly resumed the acid experiments under the auspices of the Alternative Futures Project.17 Fadiman has continued the work into the present, and his 2011 book, The Psychedelic Explorer’s Guide: Safe, Therapeutic, and Sacred Journeys, inspired a surge of interest in “microdosing,” now a popular performance-enhancing method in Silicon Valley tech circles that involves taking tiny amounts of LSD before work, a practice first proposed by Fadiman that’s sometimes imagined as a twenty-first-century off-label use of the drug.18 But acid was marketed to Bay Area knowledge workers as a productivity aid from the beginning. The personal revolutions in computers and consciousness weren’t just concurrent; they were also overlapping.ii Aided by LSD (directly and environmentally), technologists were going out on limbs too slight for even California’s big corporations to follow, and the government’s support peaked, then declined.