Automation is no longer just a problem for those working in manufacturing. Physical labor was replaced by robots; mental labor is going to be replaced by AI and software.
FOMO (fear of missing out) is the enemy of valuing your own time.
Universal basic income is not a solution in search of a problem - it is the obvious solution that has been in front of us for years. It only requires us to have the vision, empathy and courage to adopt it for the American people before it is too late.
Mistakes are acceptable if they're the result of moving forward.
In most every business, you learn by doing. The apprenticeship model is much more effective than the classroom for cultivating entrepreneurs.
Overnight successes are generally years in the making. And most progress is made in isolation, far from the public eye.
If I need a pick-me-up, I pull up a memo file on my phone and type in three things I'm grateful for. The things I've typed on other days are still there. It's a long list. Always helps.
The vast majority of small business owners want nothing to do with figuring out a website. They are neck-deep in their business trying to keep it going.
I'm a capitalist, and I believe that universal basic income is necessary for capitalism to continue.
Tell young girls they can be anything, including entrepreneurs and self-made billionaires. Encourage your friends/daughters/female students/yourself to take a shot.
As a society, we can't hide from the future; we have to build and own it.
When I was growing up, I'd study for days trying to get good grades. When I'd get an 'A,' I'd feel elation for about 30 seconds, and then a feeling of emptiness.
A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.
The reason Donald Trump was elected was that we automated away four million manufacturing jobs in Michigan, Ohio, Pennsylvania, and Wisconsin. If you look at the voter data, it shows that the higher the level of concentration of manufacturing robots in a district, the more that district voted for Trump.
Retail businesses have narrow margins. If you cut off a flow of young consumers, it's only a matter of time before the businesses struggle and fail.
I had very little going for me as a kid except for the fact that I had demanding parents and was very good at filling out bubbles on standardized tests. I went to the Center for Talented Youth at Johns Hopkins University because I did well on the SAT. I went to Exeter because I did well on the SAT.
Building a successful business requires a combination of human capital, financial resources, market opportunity, persistence, community support, and even luck.
It's easy to see how non-profits become engrossed in catering to donors, which may or may not be the best thing at all times, while if a company is ultra-engaged with its customers, it's universally positive and helpful.
We say success in America is about hard work and character. It's not really. Most of success today is about how good you are at certain tests and what kind of family background you have, with some exceptions sprinkled in to try and make it all seem fair.
Online education and technology are doubtless going to change how we learn in the years ahead. Remote learning is inexpensive and brings down the cost of near-universal access.
