Our technologies are racing ahead but many of our skills and organizations are lagging behind. As intelligent machines improve, and the gap between machine and human abilities shrinks, employers are becoming increasingly likely to hire "new machines" instead of "new people".And only when a human will do, improvements in communication and collaboration technology are making remote work easier than ever before, motivating companies to outsource key roles to stars - leaving the local talent pool underemployed.

The Great Restructuring

In this new economy, three groups will have a particular advantage: those who can work well and creatively with intelligent machines -highly skilled workers, those who are best at what they do -the superstars, and those with access to capital -the owners.

Winners in the New Economy

Advances such as robotics and voice recognition are automating many low-skilled positions, but as economists emphasize, "other technologies like data visualization, analytics, high speed communications, and rapid prototyping have augmented the contributions of more abstract and data-driven reasoning, increasing the values of these jobs."

The Highly-Skilled Worker

The key question will be: Are you good at working with intelligent machines or not?To join the group of those who can work well with these machines, therefore, requires that you hone your ability to master hard things. And you must be able to do it quickly again and again. You must then transform that latent potential into tangible results that people value.Nate Silver with his comfort in feeding data into large databases, then siphoning it out into his mysterious Monte Carlo simulations, is the epitome of the high skilled worker.

Superstars are individuals who are the best at what they do, achieving peak performance through deliberate, focused effort. They excel by minimizing distractions, dedicating their time to mastering their craft, and consistently producing exceptional results in their fields.

The Superstars

Sherwin Rosen's paper, The Economics of Superstars, explores the phenomenon of disproportionate rewards for top performers in fields where small differences in talent can lead to vastly larger differences in income. Rosen argues that technological advancements, such as mass media, enable the best performers to reach larger audiences, concentrating wealth and fame among a few "superstars."

Rosen explains as follows: "Hearing a succession of mediocre singers does not add up to a single outstanding performance."In other words, talent is not a commodity you can buy in bulk and combine to reach the needed level.

Consists of those with capital to invest in the new technologies that are driving the Great Restructuring.As digital technology reduces the need for labor in many industries, the proportion of the rewards returned to those who own the intelligent machines is growing.

The Owners

A venture capitalist in today's economy can fund a company like Instagram, which was eventually sold for a billion dollars, while employing only thirteen people. With so little input from labor, the proportion of this wealth that flows back to the machine owners.

<ol><li class="ql-align-justify">The ability to quickly master hard things.</li><li class="ql-align-justify">The ability to produce at an elite level, in terms of both quality and speed.</li></ol>

Two Core Abilities for Thriving in the New Economy

By focusing intensely on a specific skill, you're forcing the specific relevant circuits in your brain to fire, again and again, in isolation. This repetitive use of specific circuit triggers cells called oligodendrocytes to begin wrapping layers of myelin around the neurons in the circuits - effectively cementing the skill.

High Quality Work Produced = (Time Spent)*(Intensity of Focus)

The reason, therefore, why it's important to focus intensely on the task at hand while avoiding distraction is because this is the only way to isolate the relevant neural circuits enough to trigger useful myelination.By contrast, if you're trying to learn a complex new skill in a state of low concentration (perhaps you also have your fb feed open), you are firing too many circuits simultaneously and haphazardly to isolate the group of neurons you actually want to strengthen.

If you remain one of the many for whom depth is uncomfortable and distraction ubiquitous, you shouldn't expect these systems and skills to come easily to you.

"Let your mind become a lens, thanks to the converging rays of attention. Let your soul be fully focused on whatever dominant idea is established in your mind."

"Men of genius themselves were great only by bringing all their power to bear on the point on which they had decided to show their full measure.""Diffused attention is almost antithetical to the focused attention required by deliberate practice."

productivity

Productivity

remotework

Remote Work

Discover the world of business and economics.

economics

Economics

career

Career

technologyandthefuture

Technology & The Future

Deep Work is valuable.

Professional activities performed in a state of distraction-free concentration that push your cognitive capabilities to their limit. These efforts create new value, improve your skill, and are hard to replicate.

What is Deep Work?

Not cognitively demanding, logistical-style tasks, often performed while distracted. These efforts tend to not create much value in the world and are easy to replicate.Larger efforts that would be well served by deep thinking, get fragmented into distracted dashes that produce muted quality.

Shallow Work

Deep work is ubiquitous among influential individuals and it is important to emphasize because it stands in sharp contrast to the behavior of most modern knowledge workers - a group that's rapidly forgetting the value of going deep.

The Value of going Deep

Those who develop and prioritize deep work gain a powerful competitive edge, as it enables them to learn complex skills quickly, produce at a high level, and maintain a sense of professional purpose.

Economic Advantage of Deep Work

Deep work fosters a sense of accomplishment and personal fulfillment that shallow tasks cannot, offering greater satisfaction and meaning in one’s professional life.

Fulfillment Through Depth

The introduction of Deep Work argues that cultivating focused, high-quality work is crucial in today’s distraction-filled world.

Master one of our economy’s most rare skills and achieve groundbreaking results with this “exciting” book (Daniel H. Pink) from an “exceptional” author (New York Times Book Review). Deep work is the ability to focus without distraction on a cognitively demanding task. It's a skill that allows you to quickly master complicated information and produce better results in less time. Deep Work will make you better at what you do and provide the sense of true fulfillment that comes from craftsmanship. In short, deep work is like a super power in our increasingly competitive twenty-first century economy. And yet, most people have lost the ability to go deep-spending their days instead in a frantic blur of e-mail and social media, not even realizing there's a better way. In Deep Work, author and professor Cal Newport flips the narrative on impact in a connected age. Instead of arguing distraction is bad, he instead celebrates the power of its opposite. Dividing this book into two parts, he first makes the case that in almost any profession, cultivating a deep work ethic will produce massive benefits. He then presents a rigorous training regimen, presented as a series of four "rules," for transforming your mind and habits to support this skill. 1. Work Deeply 2. Embrace Boredom 3. Quit Social Media 4. Drain the Shallows A mix of cultural criticism and actionable advice, Deep Work takes the reader on a journey through memorable stories-from Carl Jung building a stone tower in the woods to focus his mind, to a social media pioneer buying a round-trip business class ticket to Tokyo to write a book free from distraction in the air-and no-nonsense advice, such as the claim that most serious professionals should quit social media and that you should practice being bored. Deep Work is an indispensable guide to anyone seeking focused success in a distracted world. An Amazon Best Book of 2016 Pick in Business & Leadership Wall Street Journal Business Bestseller A Business Book of the Week at 800-CEO-READ

education

Learning & Education

timemanagement

Time Management

books

Books

Cal Newport is Provost’s Distinguished Professor of Computer Science at Georgetown University, and the author of seven books. His ideas and writing are frequently featured in major publications and on TV and radio.From his website: "I write about the intersection of digital technology and culture. I’m particularly interested in our struggle to deploy these tools in ways that support instead of subvert the things we care about in both our personal and professional lives."

Cal Newport

Deep Work

Saving money is the gap between your ego and your income, and wealth is what you don't see. So Wealth is created by suppressing what you could buy today in order to more stuff or more options in the future.

Less Ego, More Wealth

Some people won't sleep well unless they are earning the highest returns; others will only get a good rest if they're conservatively invested. To each their own.

Manage your money in a way that helps you sleep at night.

Time is the most powerful force in investing. It makes little things grow and big mistakes fade away. It can't neutralize luck and risk, but it pushes results closer towards what people deserve.

Increase Your Time Horizon

You can be wrong half the time and still make a fortune, because a small minority of things accounts for the majority of outcomes. It is fine to have a large chunk of poor investments and a few outstanding ones.

Become OK with things going wrong.

No one is impressed with your possessions as much as you are. You might think that you want a fancy car or a watch, but what you probably want is respect and admiration. And you're more likely to gain those things through kindness and humility than horsepower or chrome.

Be nicer and less flashy

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Morgan Housel

The Psychology of Money

Try to be a man who clearly considered his experience and his skill in expounding philosophical principles as the smallest of his merits

Bits from Meditations

Offence which is committed with pleasure is more blameable than which is committed with pain.The Person who has been first wronged and through pain is compelled to be angry; but the other is moved by his own impulse to do wrong, being carried towards doing something by desire.

For the present is the same to all, through that which perishes is not the same; and so that which is lost appears to be a mere moment.For a man cannot lose either the past or the future: for what a man has not, how can anyone take this from him?

Present Is Same To All

For to be vexed at anything that happens.Turn towards someone with the intention of injuring.When it's overpowered by pleasure or by pain.Does or says anything insincerely and untruly.When it allows any act of its own to be without an aim.

The Soul Of A Man Does Violence To Itself

Packaged in handsome, affordable trade editions, Clydesdale Classics is a new series of essential works. From the musings of intellectuals such as Thomas Paine in Common Sense to the striking personal narrative of Harriet Jacobs in Incidents in the Life of a Slave Girl, this new series is a comprehensive collection of our intellectual history through the words of the exceptional few. Meditations is a collection of twelve books written by Roman Emperor Marcus Aurelius. The books were originally compiled in the form of private journals. Marcus Aurelius used these notes as personal guides to live by and to better himself as a ruler. He compiled these journals during his time as emperor, and while they were not intended for public consumption, there are valuable lessons to be gleaned from his wisdom. The entries include his views of stoicism--the Hellenistic philosophy devoid of "destructive emotions" that could tamper with logic--and its practical use in ruling and military tactics. Completely unabridged, with a new foreword written by Huffington Post writer Carolyn Gregoire, this publication of Meditations is an all-encompassing collection of Marcus Aurelius's works.

Meditations (Medieval Greek: Τὰ εἰς ἑαυτόν, romanized: Ta eis he'auton, lit. 'things to one's self') is a series of personal writings by Marcus Aurelius, Roman Emperor from 161 to 180 AD, recording his private notes to himself and ideas on Stoic philosophy. Marcus Aurelius wrote the 12 books of the Meditations in Koine Greek as a source for his own guidance and self-improvement. It is possible that large portions of the work were written at Sirmium, where he spent much time planning military campaigns from 170 to 180. Some of it was written while he was positioned at Aquincum on campaign in Pannonia, because internal notes tell us that the first book was written when he was campaigning against the Quadi on the river Granova (modern-day Hron) and the second book was written at Carnuntum.

Marcus Aurelius Antoninus was Roman emperor from 161 to 180 AD and a Stoic philosopher. He was the last of the rulers known, noncontemporaneously, as the Five Good Emperors and the last emperor of the Pax Romana, an age of relative peace, calmness and stability for the Roman Empire lasting from 27 BC to 180 AD.

Marcus Aurelius

Meditations

It seems noted German philosopher Friedrich Nietzsche was right. Scientists have now confirmed what he had said: “What doesn’t kill you,makes you stronger”.

That which doesn't kill us makes us stronger.

An international team has found that although traumatic experiences such as losing a loved one can be psychologically damaging, small amounts of trauma can make people more tough. Current Directions in Psychological Science’ journal reports.

A Little Trauma Can Make You Tough

Negative life experiences can toughen people,making them better able to manage difficulties.

Deep Work is valuable.

Deep Work

The Psychology of Money

Meditations

What doesn’t kill you makes you stronger!

Dhawal Ramdham