By Dave Maney, an entrepreneur and former journalist
Posted: 09/11/2011
The evolving job market will require workers to be flexible, competitive and
"mini-preneurs" who can identify where they're needed. (David Paul Morris,
Bloomberg News )
Given all the attention it's getting in Washington, D.C., millions of Americans
are no doubt wondering when our economy's job-creation machine will crank
up again.
Brace yourself: It isn't likely to happen — not in the way it worked before.
In fact, the economic laws that undergird the system of jobs and
employment as we have known them are wobbling from the torrents of
information flowing through businesses from the Internet and related
information processing technologies. We're experiencing a Great Scouring
Out, as we move through a painful streamlining and restructuring of our
entire economy.
Sounds awful, doesn't it?
But it's not, at least in the long term. The demand for work isn't going away,
even though millions of jobs have. The economy, more efficient than ever,
will catch the wind again, providing well- equipped Americans with bountiful
opportunities to make a good living.
But not through jobs — not nearly to the extent they exist today. The idea
that we accomplish work mainly by organizing people to show up together at
the same central office or factory at the same time five days a week for a
certain amount of pay and benefits is in steep decline. We now stand at the
gates of what policy expert
Andrei Cherny calls "Individual Age Economics."Full-timers priced out
Companies are getting what they need done with fewer jobs. Period. That
won't be changing.
But if that's the case, how will we earn a living?
There's only one way out. We have to compete. We have no choice but to
make ourselves into the labor service providers that are in demand in the
new marketplace. We won't be employees. We'll be small, focused company
founders. Free agents. Mini-preneurs.
The Individual Economy will require more technological skills and more
individual initiative. It will require creativity and innovation. It will require
people who hate selling anything to anyone — ever — to work hard to sell
themselves and their capabilities to individuals and companies who need
them.
A search-driven world demands that individuals focus on being world-class
at a narrow thing and then use information tools to find the narrow audience
that wants it. It requires mastering the marketplace platforms that have
competed jobs away and possibly new capital formation mechanisms that
resemble Third World microcredit programs. It needs universal
telecommunications infrastructure and availability. And it will require
massive education, practical training and cultural re-wiring.
Yes, we need safety nets and transition assistance and significant
expenditures by our society to move ourselves to this new model. It will take
no less than an economic-war footing to do it.
But as with all wars, the difficult years won't last forever. The new model will
take root, and America's history of rugged individualism makes us wellpositioned
to thrive with it.
Goodbyes are hard. This farewell to jobs isn't going to be easy, but it's our
reality.
Dave Maney, an entrepreneur and former journalist, runs Economaney.com
May 30, 2012 to August 30, 2012 – Indiana
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