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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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The End of Jobs summary
Taylor Pearson
Money, Meaning and Freedom Without the 9-to-5
18 mins
Brief summary
The End of Jobs by Taylor Pearson argues that traditional jobs are becoming obsolete due to technological advancements, and that individuals should instead focus on entrepreneurship and building personal brands.
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The End of Jobs
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Key idea 1 of 7
Every system has a limit that can be surpassed.
There are many variables that determine how society progresses. One variable particularly worth examining is the limit of the systems we live and work in. Software entrepreneur Eli Goldratt came up with this theory of constraints in the 1980s.
According to Goldratt, every system that has a goal also has a limit: a part of the system that restricts growth. So if your factory has two assembly lines that produce 100 units of a product and one that produces only 50, that third line would be the limit.
In order to progress, then, we need to work on this limit. For example, if you have a great product but nobody’s heard of it, you won’t boost sales by improving your product. Here, the limit you need to improve on would be your marketing strategy.
According to systems thinker Ron Davidson, the last three major changes in the Western economy occurred when the limits changed.
Back in fourteenth-century England, the agricultural economy was based on land, and since the Catholic Church owned the lion’s share of it, they controlled the economy. Therefore, the limit was land until the sixteenth century, when Henry VIII appointed himself head of the Anglican Church and revoked Rome’s control over it.
Then, at the dawn of the industrial age in the 1700s, bankers became more powerful than kings, shifting the limit from land to capital, and forcing land-owner and Prussian King Friedrich Wilhelm III to ask bankers for a loan to finance his wars.
Later, in the 1900s, we shifted from a capital economy into a knowledge economy. Knowledge, proliferated by technology, became the new limit, making companies like IBM extremely powerful. This was evident in 1975, when IBM successfully issued a billion dollars in bonds, despite their bankers at Morgan Stanley refusing to cooperate.
Since the early 2000s, though, we’ve seen a weakening of the knowledge economy as a burgeoning entrepreneurial economy gains momentum. Read on to find out why.
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What is The End of Jobs about?
Drawing from our history over the last few centuries and from hundreds of interviews with entrepreneurs, Taylor Pearson reveals in The End of Jobs (2015) why being an entrepreneur is safer and more profitable than ever. He explains why so many graduates have such a hard time getting work, and why becoming an entrepreneur in our increasingly globalized world gives us more meaning and freedom than working a conventional 9-to-5.
The End of Jobs Review
The End of Jobs (2015) explores the changing landscape of work and offers insights on how to thrive in the new economy. Here's why this book is worth reading:
- Provides a fascinating analysis of how technology is disrupting traditional jobs and creating new opportunities for those who are willing to adapt.
- Offers practical strategies for individuals to navigate the uncertain job market, build their own businesses, and create multiple streams of income.
- Through thought-provoking examples and stories, it challenges conventional wisdom and invites readers to reconsider their notions of work and success.
Best quote from The End of Jobs
Entrepreneurship is connecting, creating and inventing systems – be they businesses, people, ideas or processes.
—Taylor Pearson
Who should read The End of Jobs?
- Anyone seeking an alternative to their 9-to-5 job
- Students and recent graduates looking for work
- Entrepreneurs wanting to grow their business
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The End of Jobs FAQs
What is the main message of The End of Jobs?
The End of Jobs highlights the shift towards entrepreneurship and the importance of adapting to a changing job market.
How long does it take to read The End of Jobs?
The reading time for The End of Jobs varies depending on the reader's speed. However, the Blinkist summary can be read in just 15 minutes.
Is The End of Jobs a good book? Is it worth reading?
The End of Jobs is a valuable read for anyone interested in understanding the future of work and exploring new career opportunities.
Who is the author of The End of Jobs?
The author of The End of Jobs is Taylor Pearson.
What to read after The End of Jobs?
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