"No one really knows why they are alive
until they know what they'd die for.”
Dr. Martin Luther King, Jr.
1929-1968
Civil Rights Pioneer and Nobel Peace Prize Winner
The Great Retraining
Artificial intelligence has been accessible to most of us for just over two years. As time passes, the view ahead may be coming into greater focus in terms of the threat of AI to employment. A short article from Chief Executive Magazine reviews projections for job disruption and what C-Level executives must do to accomplish what many of them are calling “The Great Retraining.”
The article warns that “up to 800 million jobs worldwide could be lost to AI, including a significant portion of front-line jobs in service, retail, and manufacturing industries.”
Waste no time in planning for this because “The Future of Work is Already Here.”
Leadership: A Great Personal Sacrifice
Two words that are used interchangeably are leader and manager. Unfortunately, many people in business are taught to manage but not to lead. Simon Sinek in a short video suggests that understanding the difference “comes at great personal sacrifice.” If you call yourself a leader, have you made that sacrifice?
If you have 6 minutes and 21 seconds, Mr. Sinek provides some welcome clarity regarding the difference between a manager and a leader.
The Warm Body Reality
Have you ever put off a termination because a little voice inside you said we have too much work to get done so “a warm body is better than no body? “
When you hear that voice, Vistage Speaker and Employment law specialist Hunter Lott, who conducted a workshop with our group in November, says you should immediately ask yourself if “Knowing what you know now, would you enthusiastically re-hire him or her?
Take five minutes with Mr. Lott to explore the trap of “The Warm Body Reality.” …and some very interesting stats about turnover and preventing same.
This article from LinkedIn offers some additional insights.
The War for Talent goes on.
Econ Recon:
“Time to Lock and Load”. ITR Economics’ Brian Beaulieu looks at interest rates, inflation, retail sales andsays it’s “time to lock and load.”
Inflation, Properly Understood: When the pandemic tied up supply chains, the resultant inflation was attributed to container ships awaiting unloading and other delivery and obstacles due to shutdowns etc. Four years later, those obstacles are gone ….and inflation is not. A rising price level must have a more intractable cause.
Inflation may be here to stay for some time so it’s important to understand not only its effect, but it’s cause.
Economist Brian Wesbury will explain the cause of inflation his most recent blog post, “Is Government Spending Inflationary?”
Friends,
I wish you a joyful holiday season. We have much to be grateful for!
Merry Christmas, Happy Hanukkah, Happy Kwanzaa, and
a Happy and Successful New Year to all!
Scott
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