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Like Jung there are many- The 16th century essayist Michel de Montaigne,
for example, prefigured Jung by working in a Library. Mark Twain wrote
much of The Adventures of Tom Sawyer in a shed on the property of the
Quarry Farm in New York, he study so isolated from the main house that
his family took to blowing a horn to attract his attention for meas. Director
and screen writer Woody Allen, He never owned a computer, instead
completing all his writing, free from electronic distraction, on a German
Olympia SM3 manual type writer. Same for Peter Higgs, a historical
physicist who performs his work in such disconnected isolation that
journalists couldn’t find him after it was announced he had won Nobel
Prize. J.K. Rowling, she was absent from social-media during writing his
Harry-Porter Novels. Bill Gates, he conducted Think Weeks twice a year,
during which he would isolate himself (often in a lakeside cottage) to do
nothing but read and think big thoughts.
There are many ways to discover that you are not valuable to the economy.
For Jason Benn, it was made by when he was hired for a financial
Consultant by a bank. It took him 6 hours to finish his report when he was
new. After a while he knew that Excel has a feature called macros that
allows users to automate common tasks. Benn read articles on the topic
and soon put together a new worksheet, wired up with a series of these
macros that could take the 6 hour process of manual data manipulation
and replace it. It took him long to realize that these ambitions thwarted so
long as his main professional skills could be needed to increase his value
to the world. So he quit his job and declares to his family that becomes a
computer programmer. He needed to learn a hard skill, needed to do so
fast. Learning something complex like computer programming needs
intense uninterrupted concentration on cognitively demanding concepts.
This task in other words, is an act of Deep Work. He needed to learn hard
skill, and needed to do it fast.
Benn was well aware of his difficulties with deep
work. So when he quits learning how to code a computer, he also knew he
had to simultaneously teach his mind how to go deep.
The Idea
Silver, Hansson and Doerr were 3 successful people at that time why?
Because they focus on the personality traits and tactics that helped drive this trio’s rise. And 2nd – they
focus less on the individuals and more on the type of work they represent. Out of two 2nd one is most
relevant. Erik Brynjolfsson and Andrew McAfee wrote in their book- Race against the Machine that our
technologies are racing ahead but many of our skills and organizations are racing behind.
Great Restructuring is not driving down all jobs but is instead dividing them. Through an increasing
number of people will lose in this new economy as their skill becomes automatable or easily outsourced,
there are others who will not only survive, but thrive- becoming more valued(and therefore more
rewarded) than before. As George mason economist Tyler Cowen published Average is over.
1. The High Skilled Workers- Brynjolfsson and McAfee call the group personified by Nate silver the
“high-skilled” workers.
2. The Superstar- because of Talent workers are universally accessible, those at the peak of the
market thrive while rest will suffer. Sherwin Rosen economist told that TALENT IS NOT A
COMMODITY YOU CAN BUY IN BULK AND COMBINE TO REACH THE NEEDED LEVELS: - THERE IS
A PREMIUM TO BEING THE BEST. So if you are in a market place where consumer has access to
all performers and everyone’s talent value is clear, the consumer will choose the best. E.g. small
town music fans to bypass local musicians to buy albums from the world’s best bands.
3. The Owners- Bargaining theory, a key component in standard economic thinking, argues that
when money is made through the combination of capital investment and labor, the rewards are
returned. As digital technology reduces the need for labor in many industries, the proportion of
rewards returned to those who own the intelligent machines is growing. E.g. - Instagram which
was eventually sold for a billion dollars, while employing only thirteen people.
4. How to become a winner in the new economy- Two core abilities for thriving in the new
economy.
1. The ability to quickly master hard things.
2. The ability to produce at an elite level, in terms of both quality and speed.
Complex things which are hard to learn are actually give you more paid than simple ones it
is not like twitter and smartphones that everyone can understand. Twitter and smartphones
is consumer products, not serious tool that most intelligent machines driving.