jerryking + job_creation   29

Self-Driving People, Enabled by Airbnb
JULY 26, 2017 | The New York Times | Thomas L. Friedman.

Airbnb has a different goal: enabling what I call self-driving people.

And that’s why I won’t be surprised if in five years Airbnb is not only still the world’s biggest home rental service, but also one of the world’s biggest jobs platforms. You read that right. Very quietly Airbnb has been expanding its trust platform beyond enabling people to rent their spare rooms to allowing them to translate their passions into professions, and thereby empower more self-driving people.....To see what’s growing, go to Airbnb’s site and click not on “homes” but on “experiences.” You’ll find an endless smorgasbord of people turning their passion into profit and their inner artisan into second careers....Airbnb’s “experiences” site has grown tenfold this year.

Tourists visiting a foreign country try to understand the culture by going to a museum and viewing “art by dead people,” noted Chesky. “Why not learn how to make art yourself, taught by a living artist in that culture and immerse yourself in the artist’s world? These are experiences you can bring back with you!”

Chesky believes that the potential for Airbnb experiences could be bigger than home-sharing. ....“The biggest asset in people’s lives is not their home, but their time and potential — and we can unlock that,” he explained. “We have these homes that are not used, and we have these talents that are not used. Instead of asking what new infrastructure we need to build, why don’t we look at what passions we can unlock? We can unlock so much economic activity, and this will unlock millions of entrepreneurs.”...In America, though, there is a surplus of fear and a poverty of imagination in the national jobs discussion today — because “all we are focusing on are the things that are going away,” said Chesky. “We need to focus on what’s coming. Do we really think we’re living in the first era in history where nothing will ever again be created by humans for humans, only by machines? Of course not. It’s that we’re not talking about all of these human stories.”....Indeed, the beauty of this era is that you don’t need to wait for Ford to come to your town with a 25,000-person auto factory. Anyway, that factory is now 2,500 robots and 1,000 people. The future belongs to communities that learn to leverage their unique attributes, artisans and human talent.

There is no Eiffel Tower in Louisville, Ky., but there are amazing bourbon distilleries popping up all over, creating myriad tourist opportunities; there are no pyramids in Detroit, but there is a bountiful history of Motown music and all kinds of artists now creating boutique concerts and tours for visitors to experience it.....We have to do 50 things right to recreate that broad middle class of the ’50s and ’60s, and platforms like Airbnb’s are just one of them. (Having universal health care to create a safety net under all of these budding entrepreneurs would be another.) But you have to be inspired by how many people are now finding joy and income by mining their passions.

“A tourist is someone who does things that locals who live there never do,” said Chesky. Airbnb’s experiences platform is now enabling visitors to live like locals — even though they’re guests and, in the process, enrich the local community and create new employment. Any town can play.

So much of what companies did in the past, concluded Chesky, “was unlocking natural resources to build the stuff we wanted.” Today’s new platforms are unlocking human potential to “be the people we wanted.”

Airbnb  artisan_hobbies_&_crafts  capitalization  entrepreneurship  experiential_marketing  gig_economy  human_potential  intrinsically_motivated  job_creation  middle_class  passions  platforms  self-actualization  self-starters  Tom_Friedman  tourism  unimaginative 
july 2017 by jerryking
Bank of Canada warns automation will lead to job losses - The Globe and Mail
The Canadian Press
Published Tuesday, Apr. 18, 2017

In a speech in Toronto, senior deputy governor Carolyn Wilkins said Tuesday innovations like artificial intelligence and robotics are expected to help re-energize underwhelming productivity in advanced economies like Canada. Over the longer haul, she added that new technologies should eventually create more jobs than they replace.

However, the fast-approaching changes come with concerns for Wilkins – from the challenging adjustment for the labour force, to the distribution of the new wealth......“Innovation is always a process of creative destruction, with some jobs being destroyed and, over time, even more jobs being created,” said Wilkins, who added that what will change is the type of workers in demand.

“We’ve seen this process in action throughout history.”.......Wilkins said the Bank of Canada has also taken steps to help it deal with the fast-approaching changes. It has created a new digital economy team with a focus on how automation affects the economy as well as its impacts on inflation and monetary policy
Bank_of_Canada  automation  productivity  artificial_intelligence  technological_change  robotics  layoffs  inflation  monetary_policy  digital_economy  creative_destruction  innovation  job_creation  job_destruction  job_displacement  rapid_change 
april 2017 by jerryking
Toronto wise to hold off celebrating Wynne’s victory - The Globe and Mail
The Globe and Mail
Published Friday, Jun. 13 2014

Ontario, and by extension its capital city, is facing big challenges. Once the dynamo of the national economy, the province is struggling to create jobs and maintain growth. Joblessness runs consistently above the national average. Ontario’s troubles have obvious and serious effects on Toronto. This city is in the process of moving from big city to true metropolis. Hundreds of thousands of immigrants are arriving every decade from all corners of the world. The city is growing up (quite literally, in its booming downtown). Will it thrive on this growth or choke on it?

To cope, Toronto needs to invest in transit, roads, water systems and other key infrastructure. It needs to reform its often-inept city government, making it leaner and more responsive. If it is to overcome the stresses of growth and continue to thrive in the coming years, it needs the consistent help of the provincial government, to which city hall is tightly tethered.

More than that, it needs Ontario to succeed. Ontario’s problem is Toronto’s problem.

Mr. Hudak’s Conservatives and Ms. Wynne’s Liberals offered starkly different solutions. Mr. Hudak promised to cut big government down to size, trim corporate taxes and spur job creation that way. Ms. Wynne promised to invest instead of cut, pouring money into transit and other needs.
Marcus_Gee  Toronto  Kathleen_Wynne  Ontario  Liberals  joblessness  job_creation  immigrants  immigration  responsiveness 
june 2014 by jerryking
Davos diary: A new angst settles over the world's elites - The Globe and Mail
John Stackhouse - Editor-in-Chief

Davos, Switzerland — The Globe and Mail

Published Friday, Jan. 24 2014,

Another machine revolution is upon us. There is a new wave forming behind the past decade’s surge of mobile technology, with disruptive technologies like driverless cars and automated personal medical assistants that will not only change lifestyles but rattle economies and change pretty much every assumption about work....For all the talk of growth, though, the global economy is also in an employment morass that has the smartest people in the room humbled and anxious. The rebound is not producing jobs and pay increases to the degree that many of them expected. Most governments are tapped out, fiscally, and can only call on the private sector – “the innovators” – to do more....If a 3-D printer can kneecap your construction industry, or an AI-powered sensor put to pasture half your nurses, what hope is there for old-fashioned job creation?

The new digital divide – it used to be about access, now it’s about employment – stands to further isolate the millions of long-term jobless people in Europe and North America, many of whom have left the workforce and won’t be getting calls when jobs come back.... Say’s Law--a theory that says successful products create their own demand.
creating_demand  Davos  John_Stackhouse  Say’s_Law  Eric_Schmidt  Google  McKinsey  creative_destruction  Joseph_Schumpeter  unemployment  machine_learning  disruption  autonomous_vehicles  bots  chatbots  artificial_intelligence  personal_assistants  virtual_assistants  job_creation  digital_disruption  joblessness  fault_lines  global_economy 
january 2014 by jerryking
Why Innovation Is Still Capitalism’s Star -
Published: August 17, 2013

Edmund S. Phelps, a professor of economics at Columbia University and a Nobel laureate, has written an interesting new book on the subject. It’s called “Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change” (Princeton University Press), and it contains a complex new analysis of the importance of an entrepreneurial culture.

Professor Phelps discerns a troubling trend in many countries, however, even the United States. He is worried about corporatism, a political philosophy in which economic activity is controlled by large interest groups or the government. Once corporatism takes hold in a society, he says, people don’t adequately appreciate the contributions and the travails of individuals who create and innovate. An economy with a corporatist culture can copy and even outgrow others for a while, he says, but, in the end, it will always be left behind. Only an entrepreneurial culture can lead. ... In 1991, I started a business with Karl Case, an economics professor at Wellesley College, and Allan Weiss, a former student of mine at Yale. We called it Case Shiller Weiss, Inc., and it was devoted to an innovation we dreamed up. The idea was a new “repeat sale” home price index — which would track the changes in the value of the same houses over time.

At the time, this was an entirely new line of business. And, at first, that posed a problem: we were spectacularly unsuccessful in raising money.
Robert_Shiller  innovation  Colleges_&_Universities  Nobel_Prizes  capitalism  entrepreneurship  Obama  3-D  economists  books  corporatism  job_creation  crony_capitalism  indices 
august 2013 by jerryking
Andy Kessler: The Incredible Bain Jobs Machine -
July 16, 2012,| WSJ | By ANDY KESSLER.
The Incredible Bain Jobs Machine
In a competitive economy, $5,000 computers become $500 tablets. Consumers get
Andy_Kessler  Bain  productivity  job_creation 
july 2012 by jerryking
The Real Job Creators: Why America should glorify entrepreneurs less and managers more. - Slate Magazine
By Esther Dyson|Posted Friday, Nov. 18, 2011,

a man who arrives in a village with what he claims is a magic stone. Put the stone into a pot of water over a fire, he says, add a just few ingredients—some vegetables, some old ham bones, a few spices—and soon you will have a delicious, life-giving soup with magical healing properties.

In this folk tale, the man is a trickster: The point of the story is that his magic stone is just a plain old rock. To modern eyes, however, this man is an entrepreneur. His “magic stone” is perhaps the germ of an idea, a product concept, or a marketing innovation. The entrepreneur takes the stone and adds ingredients (commodities or software), attracts people, gets them to work together, and perhaps tosses in a pinch of branding. The result is value where before there were only unexploited resources.

But that is only the beginning of the story. In the long run, the entrepreneur’s job is not to make soup, but to create a restaurant—or, better yet, a chain of restaurants—so that the magic soup can be made reliably, day after day, by a team that can work on its own without the impresario’s direction. Over time, the company will continue to evolve, improving the soup, adding other items to the menu and opening up restaurants in new markets....We can argue about the value of education, but large companies are good at offering practical business skills—turning college graduates into project managers, marketers, human-resources specialists, and the like. These jobs may not generate revenues directly, but they are part of the structure that enables people to run companies effectively and benefit from economies of scale.
college-educated  economies_of_scale  entrepreneur  entrepreneurship  e-Myth  Esther_Dyson  impresarios  job_creation  large_companies  management  storytelling  unexploited_resources  value_creation 
november 2011 by jerryking
Charles Schwab: Every Job Requires an Entrepreneur -
SEPTEMBER 28, 2011 | WSJ | By CHARLES R. SCHWAB. Every Job Requires an Entrepreneur
Someone took risks to start every business—whether Ford, Google or your local dry cleaner.

What's the potential power of the entrepreneur's simple leap of faith? The success of a single business has a significant payoff for the economy. Looking back over the 25 years since our company went public, Schwab has collectively generated $68 billion in revenue and $11 billion in earnings. We've paid $28 billion in compensation and benefits, created more than 50,000 jobs, and paid more than $6 billion in aggregate taxes. In addition to the current value of our company, we've returned billions of dollars in the form of dividends and stock buybacks to shareholders, including unions, pension funds and mom-and-pop investors.

The wealth created for our shareholders—a great many of them average Schwab employees—has been used to reinvest in existing and new businesses and has funded a myriad of philanthropic activities. We've also spent billions buying services and products from other companies in a diverse set of industries, from technology to communications to real estate to professional services, thereby helping our suppliers create businesses and jobs.
entrepreneurship  risk-taking  editorials  entrepreneur  government  policy  regulation  job_creation  Charles_Schwab  large_payoffs  mom-and-pop  leaps_of_faith  wealth_creation 
september 2011 by jerryking
America’s Apple economy widens the winner-loser gap - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
ASPEN, COLO.— From Friday's Globe and Mail
Published Thursday, Jun. 30, 2011

“Innovation and Job Creation in a Global Economy: The Case of Apple’s
iPod,” was published last month in The Journal of International Commerce
and Economics. by Greg Linden, Jason Dedrick and Kenneth Kraemer, a
troika of scholars who have made a careful study in a pair of recent
papers of how the iPod has created jobs and profits around the world.
....One of their findings is that in 2006, the iPod employed nearly
twice as many people outside the United States as it did in the country
where it was invented – 13,920 in the United States and 27,250
abroad....That’s because the global economy over all – powered by the
emerging markets – continues to grow strongly, and Mr. Banks’s American
“high-net-worth individuals” are not just U.S. citizens, but global
Chrystia_Freeland  globalization  high_net_worth  Apple  global_economy  innovation  job_creation  iPod  design 
august 2011 by jerryking
Note to dictators: It’s the job market, stupid - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Mar. 03, 2011
Chrystia_Freeland  China  McKinsey  uprisings  job_creation  mandarins 
march 2011 by jerryking
Andy Kessler: Is Your Job an Endangered Species? -
* FEBRUARY 17, 2011 | WSJ | Andrew Kessler. Forget blue-collar
and white- collar. There are two types of workers in our economy:
creators and servers. Creators are the ones driving productivity—writing
code, designing chips, creating drugs, running search engines. Servers,
on the other hand, service these creators (and other servers) by
building homes, providing food, offering legal advice, and working at
the Department of Motor Vehicles. Many servers will be replaced by
machines, by computers and by changes in how business operates. It's no
coincidence that Google announced it plans to hire 6,000 workers in
See also Daniel Pink's work on countries cultivating skills and knowledge that are not available at a cheaper price in other countries or that cannot be rendered useless by
machines. That is, embracing play and abundance.

See also Tom Friedman's piece ("We Need a Second Party" - ) below:

The first is responding to the challenges and opportunities of an era in which globalization and the information technology revolution have dramatically intensified, creating a hyperconnected world. This is a world in which education, innovation and talent will be rewarded more than ever. This is a world in which there will be no more “developed” and “developing countries,” but only HIEs (high-imagination-enabling countries) and LIEs (low-imagination-enabling countries). Adding "imagination"
Andy_Kessler  job_creation  technology  imagination  job_security  creativity  blue-collar  white-collar  creative_types  automation  productivity  endangered  job_search 
february 2011 by jerryking
Startups Create Most New Jobs -
October 02, 2010 | Newsweek | by Robert J. Samuelson. If
you’re interested in job creation—and who isn’t these days?—you should
talk to someone like Morris Panner. In 1999, Panner and some others
started a Boston software company called OpenAir. By 2008 they sold it
for $31 million. The firm had then grown to about 50 workers. It turns
out that entrepreneurship (essentially, the founding of new companies)
is crucial to job creation. But as Panner’s experience suggests, success
is often a slog...It’s all about risk taking. The good news is that the
entrepreneurial instinct seems powerful. Americans like to create;
they’re ambitious; many want to be their “own bosses”; many crave fame
and fortune. The bad news is that venture capital for startups is
scarce and that political leaders seem largely oblivious to burdensome
government policies. This needs to be addressed. Entrepreneurship won’t
instantly cure America’s job deficit, but without it, there will be no
strong recovery.
start_ups  job_creation  myths  entrepreneurship  Kauffman_Foundation  Paul_Kedrosky  gazelles  small_business  bad_news 
october 2010 by jerryking
The Bright Side
October 2010 | ATLANTIC MAGAZINE | By Megan McArdle.

Some small businesses are struggling to get credit, but that’s the least
of their problems. Those that survive the recession will be stronger
for it and lead the economy’s recovery.
small_business  job_creation 
september 2010 by jerryking
Unboxed - To Generate Jobs, Nurture Start-Ups (Big or Small) -
September 11, 2010 | New York Times | By STEVE LOHR.
Research published last month by three economists, working with more
recent and detailed data sets than before, has found that once the age
of the businesses is taken into account, there is no difference in the
job-producing performance of small companies and big ones.

“Size plays virtually no role,” says John C. Haltiwanger, a co-author of
the study and an economist at the University of Maryland. “It’s all age
— start-ups are where the job-creation action really occurs.”
Start-ups account for much job destruction as well. Within five years,
half of these businesses have folded.
Steve_Lohr  start_ups  job_creation  SecondMarket  gazelles  job_destruction 
september 2010 by jerryking
Technological Opportunities, Job Creation, and Economic Growth | The White House
June 28, 2010 | New America Foundation | Larry Summers. Opening
up spectrum creates a foundation for new private sector investment and
economic activity – in mobile broadband and a range of other high-value
uses – that would not have been possible without the coordinating and
organizing role of govt. But there is another reason why reforming
spectrum policy is important. Mancur Olson wrote about the tendency of
stable societies to become sclerotic as entrenched interests blocked
progress. Similarly, Alexander Gerschenkron commented on the advantages
of “economic backwardness”: Countries late to industrialize bypass-with
an open canvas-many of the dead ends and outdated practices that
encumbered early industrializers. Spectrum policy reform is important
because it addresses a cutting-edge area where we would be disadvantaged
because our early lead in developing and deploying technologies of
yesterday leave us ill-equipped for tomorrow's technological challenges.
Larry_Summers  wireless  wireless_networks  wireless_spectrum  Mancur_Olson  cronyism  job_creation  sclerotic  state-as-facilitator  leapfrogging  entrenched_interests 
july 2010 by jerryking
Op-Ed Columnist - More (Steve) Jobs, Jobs, Jobs, Jobs -
January 23, 2010 | New York Times | By THOMAS L. FRIEDMAN.
What the country needs most now is not more govt. stimulus, but more
stimulation. We need to get millions of American kids...excited about
innovation and entrepreneurship again. We need to make 2010 what Obama
should have made 2009: the year of innovation, the year of making our
pie bigger, the year of “Start-Up America.” Obama should make the
centerpiece of his presidency mobilizing a million new start-up
companies that won’t just give us temporary highway jobs, but lasting
good jobs that keep America on the cutting edge. The best way to counter
the Tea Party movement, which is all about stopping things, is with an
Innovation Movement, which is all about starting things. Without
inventing more new products and services that make people more
productive, healthier or entertained — that we can sell around the world
— we’ll never be able to afford the health care our people need, let
alone pay off our debts."
job_creation  entrepreneurship  economic_development  Tom_Friedman  start_ups  Cambrian_explosion  Obama 
january 2010 by jerryking
Bailouts Don't Create Jobs: Startups Do - BusinessWeek
April 22, 2009 | Business Week | by Vivek Wadhwa

What we learned was that most people simply don't know how to start
companies. They have ideas and industry knowledge, but are afraid of the
risk, lack certain skills, and need financing. With the recession
causing millions to face unemployment, risk isn't much of a factor any
more. We have a unique opportunity to start educating these workers on
the basics of starting a profitable business.
start_ups  job_creation  Vivek_Wadhwa  howto  bailouts  economic_downturn  recessions  unemployment  Carpe_diem  kairos  seminal_moments 
april 2009 by jerryking

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