#020: Send help: 70 million U.S. jobs to disappear in 5-10 years due to automation
We are rapidly moving into a highly competitive world. Our schools did not prepare us for this new paradigm. This new “way of doing things”.
Our school system taught us to follow the leader. We learned how to become dependent on a system that told us what to do. But the new world is automating repetitive jobs and removing all the friction between the customer and what they want.
What does all this mean?
1. We are in a digital revolution. We have to produce 10x more than we consume.
2. The old way of doing things no longer works.
The formula was simple before for the corporation. These are the companies that we went to school for. The formula was if you have enough money, you bought influence and you ran a lot of ads. The TV, newspaper, and radio ads are not as effective as they used to be.
If GM, JC Penny, and Sears needed sales, they would just run ads. Now the cost of ads are higher than what they get in return in sales.
People don’t want to be fed, they are using their phones as a remote to choose what they want.
In manufacturing: Thanks to technology, 5 people are producing the output of 25 people now.
3. We need to learn the skills of this new paradigm. The future requires thinkers with skills with repetitive jobs getting replaced by an algorithm.
FOCUSING ON SKILLS
We are shifting from careers of being average to projects that require BUILDING NEW SKILLS that make us stand out. Skills that set you up to produce 10x more than you consume.
The people who ignore this are no different than the people who were enjoying a cup of wine while the Titanic sank.
As Seth Godin says:
“If people don’t miss you when you’re gone, then you’re not doing things that matter. “