Connect with us

Opinion Editorials

Kids won’t out earn their parents and history has been saying that for years

(EDITORIAL) The sky isn’t falling but recent history has showed this trend happening over the last several years.

Published

on

history millennials

The art and science of history

History is an art as much as it is a science, a mixture of myth and legend and the truth, and then distilling them together to produce the mostly accurate version of what really happened—depending on who’s telling the story. Take, for example, the concept of Manifest Destiny in the United States. Based on the notion that an Almighty God desired that the new nation extend from its moorings near the Atlantic Ocean to fill the remainder of the North American continent, the need for expansion wasn’t driven so much for the need for more elbow room per se, but the idea that the riches and bounty of the American continent truly—and exclusively– belonged to the United States, and that the richness of those national resources would always be in abundant supply.

bar
The thought that they might not be, that they could be depleted by overuse, or a willful or ignorant lack of conservation efforts, simply never occurred to those early westward explorers.

Mysticism misconceptions

The term for this type of myopia is the “myth of superabundance.” First coined by United States Secretary of the Interior Stuart Udall in his 1964 book, The Quiet Crisis, the theory describes a state of disbelief that the planet would not have enough resources for those consuming them. The expectation was that the world’s resources, both plant and animal, did not have to be husbanded and preserved; that we, as humans, were simply able to do as we chose and that nature would always be available and able to meet any need or desire we had.

Belief in myths such as these can be dangerous, whether that belief is intentional or just a lack of understanding the realities of the world around them. They give us a false sense of security in a world that never really existed, and, when that nonexistent world collapses, we may not be adequately be prepared for the first day of the rest of our lives.

That belief in the myth of superabundance has echoes in the fiscal, as well as the natural, world.

For many, it was an accepted fact that the pathway to success was rote and proven: go to school, get good grades; get good grades, go to a good college; go to a good college, get a successful career; get a successful career, earn more than your parents did, even adjusting for inflation between your earning peak and theirs. And for many, no harm befell them by believing in that myth—that formula worked for them.

They followed those exact steps, and success was theirs for the taking.

According to an NPR report, that formula for success have been more outlier than indicator, however. Reporting on the Equality of Opportunity Project’s latest findings, it appears the chance of children out earning their parents—especially those in middle class families– is now no better than a 50/50 coin flip. While this stands in stark contrast to what the economic forecast looked like for children born in the post-World War II, when the chance of doing so was over 90 percent, the researchers found that it was especially problematic for children, born in recent years, living in the Rust-Belt states of the United States Midwest.

Their research indicated two general points of hope

Moving from a harsher economic climate to a more promising one proved to allow for a possibility of an increase in earning power, with moving earlier in childhood being more effective than moving later in life. The researchers identified common characteristics of effective climates for economic recovery in their news release, identifying cities with “lower levels of residential segregation, a larger middle class, stronger families, greater social capital, and higher quality public schools,” as key indicators for success.

Raj Chetty, a Stanford economist who served as the spokesman for the group, noted that “[t]he finding of this study implies that if we want to revive the American dream of increasing living standards across generations, then we’ll need policies that foster more broadly shared growth.”

There are implications, and then there are implications.

Just as correlation doesn’t lead to automatic causation, it’s not wise to accept Chetty’s position on the first step in the revival of the American Dream without a need for a broader discussion. While a discussion on how to create more pathways for additional Americans to join and stay in a middle class earnings bracket– with stability– is vital to our nation’s future, there are some assumptions that must first be challenged as a part of that conversation.

As we look back to the myth of superabundance, one thing is clear; nothing lasts forever.

Whether it be the natural resources around us, or the fiscal climate of the nation, things change, and we must be prepared to change with them, realizing that there are periods of boom and bust, of drought and plenty that enhance or encumber even our best efforts. Plainly said, we shouldn’t expect things to continue on an upward trend just because we wish it, and certainly not because we’re special.

As the world changes, we must be prepared to adapt to the new normal, or suffer the consequences.The boom period of percentage of children earning more than their parents would have been in the early 1960’s, cresting the second wave of post-World War II consumer purchasing power. Jobs, especially those in the manufacturing sectors for both large and small consumer goods, were local, accessible with a high school diploma or good technical training, and paid comparatively well to norms allowing for access to the middle class.

That’s just not how it is anymore, and we know it.

The nature of America’s workforce has shifted, and the old patterns of attainment are no longer a guarantee of success. We must not immediately look to a recreation of policies, but to ourselves. We have to identify new skill sets that the market finds to be remunerative as well as we find to be personally rewarding. As the world moves towards globalization and automation, no career field is inured from innovation. Such innovation is often disruptive, and messy, and dealing with its aftermath isn’t always pleasant.

But it still remains to be dealt with.So we have to understand that we’re a work in progress as professionals. The world around us moves, and we have to join it, finding the niche that appeals to us and that is compensated at a price point that we can live with. If we stop the work of re-calibration or reinvention, we can’t be surprised nor upset when the world doesn’t agree with our professional place in it. We can’t afford to stay stagnant, nor for those who are looking for talent, can we afford to stay silent.

Your local schools, public, charter, and private, are likely doing a fantastic job of their work in the face of conditions that make that harder than it ought to be.

However, for many, the only voices that they hear from are the parents of the children who attend the schools.

A vital audience to be sure, a necessary one, but by no means the only one that is crucial. Feel free to reach out to your local district’s superintendent of schools and board of trustees, and let them know the skill sets that would help students who are applicants to your business stand out from the competition, and thrive once they get there. They’ll care, but then also be open to actively supporting them as they work collaboratively with you in the business community to provide students with pathways to the skills that they need.

It’s daunting.

Things are never secure, and we’re now in an environment that seems rife with uncertainty more than ever before. We now live in a world in which we’ve gone from a large employer such as IBM offering their employees a job for a lifetime to them offering lifetime employability. The change in mindset is subtle, but it’s there: they can no longer afford to say that you will have a job with them, but they can say that they will give you the skill set to always be able to find a job, somewhere, doing something.
And that’s the most realistic promise that they can make.

#StudyHistory

Roger is a Staff Writer at The American Genius and holds two Master's degrees, one in Education Leadership and another in Leadership Studies. In his spare time away from researching leadership retention and communication styles, he loves to watch baseball, especially the Red Sox!

Opinion Editorials

Apprenticeships: How focused training can jumpstart your career

(EDITORIAL) Apprenticeships have been a buzzword recently, but if you haven’t looked into it, we asked the experts to tell us all about them.

Published

on

apprenticeships

When President Trump announced he’d be opening up more federal dollars for apprenticeship programs to improve the economy, business owners’ ears perked up. That interest is now trickling down to employees, especially people considering a new career or a pivot.

I had a meaningful conversation last year with the folks behind Digital Creative Institute (an apprenticeship program that seeks to bridge the gap between higher education and job experience in the digital marketing field) not only to learn about their plans to impact the central Texas market, but how apprenticeships could alter the workforce in years to come. Will the model supplant internships? What of coding schools or hell, even higher education? If you ask Europeans, they’ll probably say yes, while Americans are new to this old term.

To dig into how apprenticeships could speed up a career move, we reached back out to the folks at DCI and asked them to spell it out. Alexis Bonilla from their leadership team penned the following:

Maybe you graduated with a B.A. in theater, started a blog, and found a great love for marketing. It could’ve been that you had a passion for video, but instead of finding yourself creating films, you found yourself telling a brand’s story. Or, by some stretch of the imagination, you went from scientist, to teacher, to social media strategist. All of these are real stories that belong to real people. The two things they have in common:

  1. They all started somewhere completely different from where they would end up.
  2. They all used apprenticeships to transform their careers.

The key is to find that one thing you love to do and run after it full force – because the truth is – you’re probably going to spend over 90,000 hours of your life working at it. Only about 30 percent of adults are actually engaged or excited about their work. You can either spend that huge portion of your life doing something out of “because you have to” or learn how you can invest in a career that will keep you on your toes – constantly learning and actively growing.

Digital platforms are always changing, and lifelong learning is becoming absolutely necessary. If you think about it, most Chief Marketing Officers among companies today didn’t start out by being formally trained in automation software, paid search, Google Analytics, or other digital tools. That’s because much of it didn’t exist when they started their careers. They most likely engaged in a very intentional learning process or self-styled apprenticeship. Their willingness to learn turned them into the best in their field, and the same can happen for you.

We’ve identified a few myths that might be holding you back from standing out among your peers and how you can come out on top!

Myth: You can only find a position in the field you majored in.
Truth: Your major doesn’t determine your career path.

Only 27 percent of college grads actually have a job related to what they studied in college. The fact of the matter is this – a lot of people don’t want to continue their learning once they have their Bachelor’s degree. Typically, if they do, they pursue graduate school, whose students often face challenges that are similar to what undergraduate students experience upon graduation.

This whole idea of “once and done” is over, to the extent that leaders in our government are recognizing it and working on implementing new, innovative ways of learning in the United States.

A few ways you might work on reinventing yourself as you establish or change your career:

  • Start freelancing – We know that working for free doesn’t sound great on paper, but the portfolio you’ll come out with is all the ROI you’ll need. When you have a variety of experience, whether it be a branding project you pick up, a video you edit, or a logo you make for a friend, employers recognize that as experience. Just be sure to pick up projects that are relevant to the direction you’re looking to take your career.
  • Perfect your resume.
  • Turn your work into an awesome portfolio – It’s one thing to do the work and another thing to organize it in a way that is visually appealing to an employer. Around 53 percent of employers say that your resume is not enough. You’re going to need that extra differentiator, so invest in crafting the perfect portfolio to have a place for all of that hard work. We recommend Pathbrite for an easy digital portfolio experience.
  • Connect with a learning community – Whether it be early post-grad or a drastic career change, apprenticeships are a perfect way to engage with a community that pushes you and challenges you. And what if we told you apprenticeships can take the place of graduate school?

So you’ve probably been asking yourself: “What is apprenticeship?”

The historical or traditional definition for an apprentice is a person legally bound to a master craftsman in order to learn a trade.

Think professions such as carpenter, electrician or welder. But those were the old days – apprenticeship is now applied to all professions and modern skills.

Apprenticeship has evolved into more of a partnership: where one person learns a trade or skill by working with someone more experienced. Think of an internship, where you’re at a company to accelerate your learning while you’re still in school, but more advanced, long-term, and with deeper levels of commitment. Instead of being at a school, you’re at a full-time paid position, applying your learning hands-on with the support of a learning coach, mentors, and instructors.

Myth: Between my Bachelor’s degree and staying up to date with online articles, I’m already set to advance my career.
Truth: Coaching and mentoring are two of the best investments you can make for your career after professors are out of the picture.

I’m willing to bet that a lot of you have had a coach of some type in your lifetime. Whether it be a sports coach, a choir instructor, an invested teacher, or even a driven parent, you’ve had someone in your circle of trust that pushed you toward your goals. Well, a career coach isn’t much different.

It’s easy to come up with reasons as to why you don’t need one. “I’m too old for a coach”, “it costs time and money that I don’t have”, “I’ve been through college and got all the help I needed”. You can make all of the excuses you can think of, but it’s pretty hard to argue with the results.

What does the development process look like with a career coach?

You define tangible goals, your coach guides you through practical ways to achieve those goals, and after a defined period of time you evaluate your progress. The retention rate is extremely high. Generally, people are extremely happy with what they gain from having a career coach. Fully 96 percent of people who were coached say they would repeat the process and 86 percent said they at least made their investment back.

What’s holding you back from identifying a coach or mentor and reaching out for support?

Myth: Post-college education isn’t necessary to be successful in my career.
Truth: Rigorous self education, graduate school, and innovative learning like digital apprenticeships are essential.

Continued learning and specialized training are valuable to your career. They are so valuable, in fact, that multiple governments are either investing, or beginning to invest, in new, innovative models.

For example, if you’ve been to the UK, you’ll know that apprenticeships are a big deal. A huge percentage of workers develop their skills through an apprentice-like experience. Since 2004, the U.K. has been actively creating more apprenticeships through supporting employers. The huge success of apprenticeship programs led to the creation of a National Apprenticeship Levy that requires almost all employers to offer apprenticeships.

AAA Apprenticeships has successfully scaled their digital apprenticeships to serve 6,000 apprentices in 22 locations across the country – now it’s time to apply that to the U.S.

Why don’t we have a similar model in the U.S.? It’s harder for businesses to start apprenticeships on their own when it isn’t their core competency – but apprenticeship programs are popping up to fill that gap.

The Obama Administration earmarked $100 million to create more examples of modern apprenticeships. The intention is to fuel more success stories through individual programs around the country; creating positive momentum for a larger movement and scaled strategy.

President Trump recently announced a $200 million plan, nearly doubling what was invested last term, to create more apprenticeships.

This is just the beginning of a major movement to make marketplace aligned learning more accessible. But don’t wait for some new national program to support your learning path, start owning your learning today by outlining a strategy to continuously develop yourself into a highly sought after digital expert.

So don’t wait. This is for anyone that finds themselves in a place to pursue a new job or launch their career. Ask yourself, “What’s next?” Take that step – it’s worth it.

If it’s something you’re interested in, the first digital marketing specific apprenticeship in the U.S. has launched – and right here in Austin, TX. Digital Creative Institute’s next Austin cohort launches in January 2018.

Continue Reading

Opinion Editorials

Is working less the key to productivity?

(EDITORIAL) It’s that time of year where we obsess about our habits and productivity, but maybe we’re overthinking the whole thing…

Published

on

productivity minimalism entrepreneurs freelancer-desk-work

The “work smarter, not harder” mantra has for a long time been, in consensus, about a simple truth: the massive amount of work that we have is kicking your productivity in a few ways, for example:

  • Our never ending work load is further exacerbated from technology that removes the boundary of work and home.
  • The addiction of multi-tasking makes us feel good, but for the most part leads to massive inefficiencies because our brains aren’t designed to do that – they just switch rapidly (and clumsily) between different activities. A little primer is here.
  • We have competing roles and priorities – spouses, caretakers, gig economy participants, careers, business owners, realtors, clients, professionals, friends, dog owners, cat servants – that engage us and that give us more and more to do.

And the never ending work spiral leads to a number of troubles – inferior work, emotional breakdowns, inappropriate Netflix procrastination, sleep deprivation, burnout, relationship troubles, and more. Basically – it sucks for your health.

Having too much to do, sadly, for many of us is a fact of life. There are a few ways to help get around it by working less (aka streamline your efforts):

  • Have a to-do list – they are awesome. Put it in a planner, use outlook or Google Calendar, etc.
  • Use a science driven list like an Eisenhower Matrix! What’s that you say? Glad you asked: an Eisenhower matrix pulls from the wisdom of Dwight Eisenhower and encourages you consider what is Urgent (as in what requires urgency, immediate attention), and what is Important (tasks that contribute to our long term). It’s a simple 2*2 Grid. Basically it helps move away from the idea that we conflate urgent with important, and we are basically always in a highly reactive and “shocked mode.” I like this tool because it’s a great way to prioritize – lean more about it from our buddies at Trello.
  • Engage delegation and love it. Can you pass it on to someone else? Can you use it as an educational or teaching tool? Does it have to be your mess?
  • Eliminate things that don’t bring value – in one of my favorite books “The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life,” Mark Manson puts it brilliantly: What problems do you want to have? What things can we get rid of? We do things out of obligation or a feeling of “I must” that doesn’t correspond to reality.
  • Embrace automation. Whether it’s auto-bill pay or automatic deletion or automatic lists, if you can automate it and it gets the quality you want – engage it. If you use social media a lot – can you schedule your posts? Can you automatically reblog content? Or go crazy, get a Roomba.
  • Practice self-care, dude. Eat better. Go workout. Walk in the middle of the day. Get on your workplace wellness plan. Sleep. Repeat healthy behaviors.

In general, the assertion that we do too much is very true.

Most of that comes from the overwhelming sense of “now” that we experience. Take a breath and explore what you can do to either eliminate, delegate, or prioritize effectively so you can spend more time doing what’s important, and maybe eventually, we can marathon TV shows guilt free more often.

Continue Reading

Opinion Editorials

If Reddit goes IPO, will it have to shed its soul?

(EDITORIAL) Reddit is known as a firebrand, a bastion of free speech, but if they go public, will they be able to remain as they are now?

Published

on

reddit

Reddit, the eighth-most popular website on the Internet, is reportedly considering an IPO. As a site valued at over 1.8 billion dollars, this is great news for the company itself – but how much of Reddit will remain if the IPO goes through?

Reddit’s history is steeped in controversy, from minor incidents such as invasion of privacy and a few creepily quirky community members to allegations of child pornography and egregious hate speech. While Reddit’s policy has allowed it to tighten posting restrictions regarding the latter two, the fact remains that Reddit – for all its usefulness – is viewed by many as a ticking time bomb.

An IPO would certainly lend back to Reddit a degree of credibility not seen since its inception, but the problem is that Reddit itself (the haven of free speech and original content that made it so popular in the first place) might not survive the offering. Given the platform’s controversial past, many believe it likely that stakeholders would move to tighten further the restrictions on the platform, ultimately ending a significant era in Reddit’s history.

Admittedly, Reddit has come a long way since its early days of supporting user-created content regardless of persuasion: this past year saw entire subreddits shut down for violating the terms of use regarding hate speech, and the platform certainly has cracked down on illegal and abusive content. Unfortunately, the history might be too much to shake off going forward, which is why we think that Reddit’s branding won’t be a part of the final IPO.

The platform’s developers’ dedication to free speech and truth-seeking is what makes Reddit so fantastic, and that’s not liable to change – it’s the most marketable aspect of the site, after all – but perhaps the rationale behind going public lies in a sense of duty rather than routine. 2017 has seen some of the most reprehensible instances of false reporting and deliberate misguidance in recent history; maybe Reddit’s team feels that they can provide a stable news platform at the cost of some personality.

At any rate, the IPO itself isn’t set in stone, and is unlikely to take place for quite some time. As the situation develops, it will be interesting to see if Reddit embraces its past, or sheds it altogether.

Continue Reading
Advertisement

The
American Genius
News neatly in your inbox

Join thousands of AG fans and SUBSCRIBE to get business and tech news updates, breaking stories, and MORE!

Emerging Stories