The reason why I want to build a platform on Steemit and why you should too: THE IDEA ECONOMYsteemCreated with Sketch.

in introduceyourself •  8 years ago  (edited)

idea_economy.jpg
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I think that we are fast moving to new a paradigm in our economy:
you might say we are transitioning to the “idea economy” or “innovation economy”.
Many professionals will need to adapt to that new situation, meaning they (and myself) will need to learn new skills and attitudes to remain relevant.

This really sums it up for me:
The prospects of humanity are somewhere between glorious and dire, it is hard to be more precise...
Colin Tudge, the secret life of trees. Turned into my personal quote on Steemit.com .

My mission on Steemit.com :
The future is going to be unequal, for some it will be glorious, for some it will be dire.
I want to help as many people as possible to move their needle to the glorious side!
My mission is to learn and share ideas about how to adapt to this crazily changing world.

I don’t want to focus on the negatives, like the media, but focus on solutions and opportunities.
I don’t want to scaremonger, but create awareness of what is coming and already happening and focus on SOLUTIONS.

What is going on?
We were in the knowledge economy and in full transition to the innovation or idea economy.
In the knowledge economy, having knowledge and/or certain skills, obtained say from a university education, used to be a guarantee you became valuable and someone would pay decent money for them.
But that value is fast eroding.
See how many college graduates are serving you coffee at Starbucks? That is a consequence of the shift to what Tony Wagner calls an “innovation economy” :


Here Tony Wagner explains why he thinks we are at the end of the knowledge economy.
Although it is about education, bear with me please and watch it (it’s pretty short) and then the rest will make more sense.

Watched it? OK!

If you watched the video you will see that Tony Wagner is mainly talking about the education system.
Who do you think is going to help people who already left the education system 15-25 years ago? And those who are not willing or able to go back to formal education?

Though luck!!! It is going to be a very Darwinian world:

As a professional, to have a chance to compete in the idea/innovation economy, you will need to adapt and distinguish yourself from other generic professionals in your field.

Remember that Darwin uses the phrase "survival of the fittest" in chapter four of On the Origin of Species to describe the process of natural selection. Many people don’t understand that fittest does not mean strongest:
Here is a reinterpretation of what Darwin quote by Leon C. Megginson
“Yes, change is the basic law of nature.
But the changes wrought by the passage of time affects individuals and institutions in different ways.
According to Darwin’s Origin of Species,
it is not the most intellectual of the species that survives;
it is not the strongest that survives;
but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself.
Applying this theoretical concept to us as individuals, we can state that the civilization that is able to survive is the one that is able to adapt to the changing physical, social, political, moral, and spiritual environment in which it finds itself.”

Every professional will have to adapt to that shift from knowledge to idea economy ... or become obsolete.
Even individuals who are doing well right now, very soon might find themselves obsolete or their career path on a steep negative curve.
I saw this happening in the aviation industry. Previously high paying pilot jobs are becoming commodities and their income and quality of life are on an ever accelerating downward trend.
If you are a passenger on a commuter airline in the US, chances are that the pilots flying you are surviving on FOODSTAMPS.

Specialised knowledge and skills, are becoming either abundant (information and knowledge are becoming essentially free) or automated and outsourced.
Exponential technological and societal changes are undermining what most of us are generating our income with: information scarcity and specialized knowledge.
That advantage won't last forever. Bankers, lawyers, software programmers, pilots, engineers, website designers, teachers, professional drivers et cetera, can all be automated, outsourced or become increasingly irrelevant.

You can spot a trend here probably... Many of these professions are aspirational goals for many currently in college.
People look at the top of the pyramid and see that as an achievable goal.
They are willing to sacrifice a lot to get to the top of the pyramid. What most don’t realize is that these professions have turned into pyramid games, only the top levels make a decent living. They are eager to join the bottom because they think they have a shot.
By the time they reach the top, the whole pyramid might be gone or seriously smaller or the top might not be worth reaching anymore.
And while they are at bottom of the pyramid, they are exposed to most of these exponential factors.
The same with becoming a manager, a major aspiration for many workers.
They don’t realize that managers are a necessary evil, mostly to communicate and coordinate and in some cases surveil and supervise.
And most organisations much rather would not have any managers, mostly they are unproductive and add pure cost and complexity.
Many management functions can be replaced by outsourcing or information technology.
If they can replace managers, they will, so the corporate ladder as a concept is starting to look shaky itself.

Along the way, many graduates (you and me among them ) might have invested 4 years and God knows how much money and debt,
without learning the skills that will matter:
Here is another post by Tony Wagner which I think is outstanding and which I will pull apart and cover extensively on Steemit.com .

They are: (copied from http://www.tonywagner.com/7-survival-skills )

CRITICAL THINKING AND PROBLEM SOLVING
“The idea that a company’s senior leaders have all the answers and can solve problems by themselves has gone completely by the wayside…The person who’s close to the work has to have strong analytic skills. You have to be rigorous: test your assumptions, don’t take things at face value, don’t go in with preconceived ideas that you’re trying to prove.”
—Ellen Kumata, consultant to Fortune 200 companies

COLLABORATION ACROSS NETWORKS AND LEADING BY INFLUENCE
“The biggest problem we have in the company as a whole is finding people capable of exerting leadership across the board…Our mantra is that you lead by influence, rather than authority.”
—Mark Chandler, Senior Vice President and General Counsel at Cisco

AGILITY AND ADAPTABILITY
“I’ve been here four years, and we’ve done fundamental reorganization every year because of changes in the business…I can guarantee the job I hire someone to do will change or may not exist in the future, so this is why adaptability and learning skills are more important than technical skills.”
—Clay Parker, President of Chemical Management Division of BOC Edwards

INITIATIVE AND ENTREPRENEURSHIP
“For our production and crafts staff, the hourly workers, we need self-directed people…who can find creative solutions to some very tough, challenging problems.”
—Mark Maddox, Human Resources Manager at Unilever Foods North America

EFFECTIVE ORAL AND WRITTEN COMMUNICATION
“The biggest skill people are missing is the ability to communicate: both written and oral presentations. It’s a huge problem for us.”
—Annmarie Neal, Vice President for Talent Management at Cisco Systems

ACCESSING AND ANALYZING INFORMATION
“There is so much information available that it is almost too much, and if people aren’t prepared to process the information effectively, it almost freezes them in their steps.”
—Mike Summers, Vice President for Global Talent Management at Dell

CURIOSITY AND IMAGINATION
“Our old idea is that work is defined by employers and that employees have to do whatever the employer wants…but actually, you would like him to come up with an interpretation that you like—he’s adding something personal—a creative element.”
—Michael Jung, Senior Consultant at McKinsey and Company


Dan Pink is also superb at explaining this concept (thanks @kyungjaechoo for your comment, that reminded me of this video):
It really is a short and sweet explanation of what is going to matter most:


thanks to Youtube user Brianna Crowley for editing it, it makes it a more coherent argument than other clips I have seen so far!

Now, you see the need for building your platform on steemit.com? You can have the best ideas in the world, if nobody knows about them they don’t have value. It becomes about a much wider proposition than just selling products or influence.
To develop these skills, you need to develop your ideas and skills. Your ideas are probably going to suck at first.
Your ideas (and mine) need to be sharpened, exposed to critical thinking, and shared.
So you get great at creating new ideas or remix your ideas with other ideas to come up with truly outstanding ideas that have value.
The cool thing for me about Steemit.com is that it is a great laboratory to train myself and get better in almost ALL of these future survival skills.

As I described elsewhere, steemit.com is one of the first potentially viable platforms where you could potentially live off your ideas.
It can realize Kevin Kelly’s idea of 1000 true fans in a way that is much more practical for many people than before.
must read for any wannabe Steemian, Kevin Kelly’s idea of 1000 true fans

Before, in order to live from a 1000 true fans, you had to be almost a full-time artist, writer,...
Now you can start out as an amateur and find your 1000 true fans before escaping your knowledge economy career.

This goes way beyond just writing blog articles, I can see this platform being useful for inventors, programmers, designers, artists, photographers and professional people developing business ideas.
For people inventing new ways to adapt to this crazy world, on Steemit.com, their creative ideas get instant feedback and that feedback can provide capital for further experimentation.

The cool thing about steemit.com is that it will, at each stage of that process, generate valuable feedback.
Not only STEEM, but also in form of high quality comments and contributions.

That might decline over time, but I am hopeful to gather a following of like-minded professionals that are willing to put in mental effort to explore and criticize my ideas constructively, and combine them with their own. I´ll try to do likewise with professionals who are ready to have their ideas challenged.

If you follow me and comment, posting a really good counter argument or source that changes or finetunes my viewpoint WILL earn you my up vote, comment and SBD once I have some to give.

You have to keep in mind that for most of us knowledge economy professionals, we aren't used to be truly creative with ideas, it is a skill that we need to develop.
Knowledge economy professionals don’t deal well with uncertainty, they have to be certain of what they know.
But exponential progress is attacking every assumption and disrupting almost everything we “knew” for sure.
All us knowledge economy professionals have to learn how to be a newbie again.

And to do that you need to open yourself up to criticism and potentially ridicule, remember truly great ideas seem ridiculous at first glance.
You will have to have the fortitude and perseverance to accept that as feedback to sharpen your ideas and your communication skills to convince more and more people.

That's not easy to do, it is easy to get discouraged when you're trying something new and not are not very good at it. That is why it's so important to find a community like steemit.com .
The very nature of its incentive structure is biased towards constructive commenting.

Because of STEEM POWER, there is a strong negative incentive around hateful, unproductive or lame comments.
In essence, the comment system on Steemit.com itself is a Darwinian system, in a good way! The comment system is built on positive reinforcement.
To make a return on investment on your time to comment and upvotes you need to be constructive and add value, which will encourage positive behavior (I hope) and other quality comments in an ever more valuable positive feedback loop.

So I want to build my platform around sharing my ideas about adapting to the idea economy.
My ideas are obviously based on those of many wonderful books and thinkers.
I hope to show you these exciting ideas, remix them with my own and collaborate to execute them.
Along the way I hope to develop and practice my future survival skills and teach others about them.

I used the #introduceyourself tag the second time,I’m not trying to game the system, but I realised my first intro was about me and I still had more to say about my message.
This post is set to POWER UP 100% because I want STEEM POWER, to spread my ideas!
I will be needing it more than money to spread my message.
*If you see this and agree, please give me an upvote, or join the conversation in the comments.
*If this does not make sense to you, call me out and tell me, I probably did not explain it well!
*If you are not on Steemit.com : Why not? it should be obvious you really should be! You too, will need a place to experiment and practice the 7 future survival skills!

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The idea economy
That's a new idea to me. :)
Thank you for sharing this, @the-traveller.
Here's an HP plug.

hehe saw that too when I was looking for pictures. Interesting HP caught on, will be interesting to see if they will actually act themselves in accordance with it: Look at Kodak, they invented the very thing that put them out of business. Having great ideas is not enough if you don't act on them!

Look at Kodak, they invented the very thing that put them out of business. Having great ideas is not enough if you don't act on them!

Unfortunately, for Kodak. This was the true Kodak moment. @the-traveller

Hehe, Peter Diamandis is a genius explaining these concepts. I find his explanation greatly optimistic and indeed over the long run I believe things will be much better than most people thing. But what bothers me is that he is a bit too quick to glance over the difficulties to transition to this new world.

Many people will be left behind, overall I do believe there will be more job creation than job destruction, but those jobs will be radically different in nature. It is like a whole new techno literacy we need to learn and 80% of people are techno illiterate. (The term bothers me, Kevin Kelly uses it but I can't find what would make one "techno literate" it will be a constantly moving target I suspect.)

You might enjoy these articles too which I based on some of Peter Diamandis' concepts:

One on Abundance
One on exponential functions, most people don't understand them really
Don't bother upvoting, they are old already, but I'd appreciate your comments!

haha kodak! remember the point-and-shoot camera that plugged directly into the printer? too bad they release that right when people stopped caring about point-and-shoot cameras AND printers ^_^ oops.

It is all about perspective really: the rules have changed and many organisations think they can brute force their way into this new economy. It does not work that way, you have to observe what is going on and feed on that! By the way I wrote a new post explaining those new rules here: https://steemit.com/economy/@the-traveller/how-to-think-about-steemit-com-and-navigate-it-lessons-from-new-rules-for-the-new-economy-by-kevin-kelly

Had a look, Jan Peeters
Some interesting ideas there. @the-traveller

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By the way the picture comes from http://bigpictureguy.com/wordpress/why-innovate/idea-economy/
reading his blog afterwards I'd really like to involve him in the conversation.
His article nails it on the head and focusses on the opportunities of the idea economy.
I am sure he'd appreciate some feedback, if you liked the above, please convince him to join steemit.com :) .
I already did through his comment section!

Also thanks to Youtube User Briana Crowley for editing the Daniel Pink video, leave her a comment on YT if you liked it!

Thanks for linking me here. Congratulations on a very, very in-depth and beneficial post containing lots of good content. :)

May I just interject that I feel that collaboration across networks, influential leadership, adaptability, curiosity and imagination, initiative and entrepreneurship are the most crucial skills to hone and nourish as habits, because they directly impact how we employ our ability to analyze, assess, critically think, and communicate orally as well as legibly. In more ways than one, Steemit is a good platform for us to practice a large number of these skills. All the best to all of us :)

Thank you so much! Like my profile quote says : "Humanity's future prospects are somewhere between dire and glorious." I would like to discover how to make it more glorious for myself and others. I see in this transition great opportunities, but I am aware that some people will get caught in the middle. I don't think this will be a job destroyer, but it will CHANGE the nature of many jobs and the way we generate our incomes. Great to see your thoughtful comment! I think nobody can claim to be an expert, I want to accelerate my own learning and that of others through steemit.com and comments are essential for that! See you around I hope!

Thank you for your quality post. I believe a lot of people can resonate with what you're stating. I like how you mention the idea of the idea economy. I firmly believe in investing in "human capital" or the skills, health, and knowledge of an individual. I believe that humans are the greatest asset in life and thus have the best return on investment.

Thanks a lot for your kind words. You are very correct: the trick about the future is that we need to figure out what makes us unique and uniquely human! If you can figure out that and develop those skills, you have a much better shot at not only surviving but thriving in this new economy.
On the other hand, as Kevin Kelly tends to say: if your job can be described in terms of productivity (how many x /hour, week, month ) it is probably sooner or later going to disappear and taken over by computers or outsourced.
Check out Dan Pink: I will write a post about his concepts soon : I added his video to the post itself!

  ·  8 years ago (edited)

I love this and hope I can contribute to this goal.

It's funny, as I started reading the first few paragraphs I instantly thought of Daniel Pink's book 'A Whole New Mind,' which I just happened to read a few months ago! With an academic background in the liberal arts, this book was quite motivating for me haha.

I'll be following you so I can help along the way. I truly believe blockchain tech and a decentralized approach to innovation and creativity - the core of the right brain economy - will help empower individuals who would have otherwise believed the barriers for innovation, or to realize their ideas, are too great. These are the conversations we need to have moving forward!!

Cheers!

So cool that is what you tought about! I have been thinking about this ever since reading his and other books for 2-3 years. Now I find I simply have to write about it and Steemit.com is a great fit I think.
Kevin Kelly is great too. Check out http://kk.org/books/the-inevitable/
And Peter Diamandis of course too, he is on the very optimistic side and good anti dote for all the doom and gloom articles in the media.

Hope the best in this new & challenging environment. I like writing/posting about several topics that call my attention, from travel, life to science and technology. Here are some of my last posts, that if you can, read them and leave some comments - it will be great.

https://steemit.com/life/@indepthstory/nice-island-beautiful-beach-lots-of-aquatic-sports-to-do-still-the-best-part-of-the-trip-was-been-in-family-all-together

https://steemit.com/steemit/@indepthstory/i-was-almost-convinced-but-what-happened-what-on-earth-is-going-on

https://steemit.com/life/@indepthstory/rio-de-janeiro-is-one-of-those-items-that-must-be-placed-in-the-bucket-list-and-one-day-definitively-visit-we-did

Best of good luck in the STEEMIT arena …. have given you my upvote & follow tick for the welcome, and of course hope you will follow me .!!

Txs. & Rgds.

@indepthstory

Followed! Great post on Rio! On of my favourite cities!

also feel the same. Txs and rgds.

This is a good post. Communication is central to us on this platform. The ideas expressed are well written.

It is a skill like any other. You have to practice, still honing my skills. If you are interested in improving your writing, Scott Adams has a great video here, will write a post around it

soon!

Cheers! Long time thinking about it now can't stop writing... feels good but this is getting addictive... hehe

I know the feeling. I have been running on an average of 4 hours sleep for the last month!

Welcome to Steemit! I hope you like it as much as I do. This is a very interesting subject. I'm following you to know you better. Feel free to connect with me @lulita 😀

Was already following! Saw some good stuff! Will browse and comment for sure!

Thank you.

I have featured your post.

Many thanks! Really appreciated I saw some other post on the profile and already resteemed! Really looking forward to exchanging ideas!

It is not just the deskilling and automation but the demonetisation of people's skills and power. Read You Are Not a Gadget: A Manifesto by Jaron Lanier, and Who Owns the Future. Hence a platform such as Steemit to remonetise human power that some other sites are leeching away.

hey mate, really great post!
great perspective, I've had a similar view but never seen it articulated so well, also the tone is very inspiring, I like the idea of being optimistic and productive, not just pointing at the problem like we tend to do these days

Cheers! Much appreciated! I'd like to generate some positive constructive discussion and ultimately real life experiments that allow us all to bootstrap ourselves in this new idea economy!