The concept of working from anywhere at any time is second nature to Generation Y, something they never even question. It’s an option previous generations never had, when laptops, WiFi and compassionate bosses were scarce.Now, the 30- and 40-year-olds who make up Generation X are managing the twenty-somethings as their supervisors and mentors and trying to figure out why they have such a different attitude about work and what to do about it.
Other wealthy countries may envy our growth, but economists see danger signs looming on the horizon. TO UNDERSTAND the stark differences between Australia and most other rich countries, look no further than the cheesy metaphors economists are so fond of. After a run of blistering growth coupled with tame inflation, ours has been dubbed the “Goldilocks” economy – not too hot, not too cold, just right. Commonwealth Bank analysts were more dramatic: “Tsunami of export gold breaking over economy!” one note blared this week.
I’ve been reading an interesting book lately. It’s called ‘Identity Economics. How Our Identities Shape Our Work, Wages, And Well Being’. It raises some pertinent points for anyone who wants to achieve great wealth in their life. The authors show that how you see yourself plays a huge part in how much you earn, and indeed how much wealth you believe you deserve.
The Master of Business Administration (MBA) degree is becoming as common as the old BA, or Bachelor of Arts. But do we need MBAs? Do they actually serve any purpose? And do they actually help careers? Three years ago, I did a blog entry suggesting that most executives feel it doesn’t prepare people for the real world. Now blogger and workplace commentator Penelope Trunk says that MBA’s are a waste of time and money. She says that no business school can teach you to be a good entrepreneur and that apart from a few really high powered positions in blue chip companies, the MBA will not give you the kind of job you want. She also says it doesn’t increase your earning power, it’s useless for most jobs and makes you look desperate. And in any case, going to business school to pursue an MBA just puts off the inevitable. Eventually you have to grow up.
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