Advertising
Advertising

21st Century Opportunities

21st Century Opportunities

21st Century Opportunities

    Productivity expert Jason Womack is working on a project aimed at teenagers on the careers of tomorrow.  He asked me to contribute a few ideas, and he graciously agreed to let me turn it into an article for Lifehack.org.  From where I sit, there are a couple of very broad categories in which people can expect to excel in the future:

    Advertising

    1.  Data Analysis

    Data and computation have never been cheaper than they are this morning.  They are cheaper than when I first wrote this in October, they will be cheaper this afternoon, and they will be even cheaper this time tomorrow. 

    What is not falling in price, however, is analytical ability.  The ability to find intelligible information in a very noisy world will be of great value in the future.  If I were sixteen and knew what I know now, I would focus my time and energy on mastering the theory of probability and on learning an analytical social science like economics. 

    Advertising

    This comes with an important caveat: the ability to perform statistical computations by pressing a few buttons on a computer is very different from knowing what the output means and how to apply it.  Statistical computations will be almost costless in the future: there are a number of excellent, free statistical software packages floating around, and I wouldn’t be surprised if “Google Stats” is in the offing somewhere. 

    The real value added, though, comes from knowing what the computations mean.  A disconcerting fact about the way science is done today is that while a lot of it is very computation-heavy, the results are often interpreted incorrectly not just by the media outlets who report on them, but by the scientists doing the investigation. 

    Advertising

    For more on this, I encourage people with advanced training in statistics to read Ziliak and McCloskey’s The Cult of Statistical Significance, which I reviewed for Economic Affairs recently (a draft of my review is available on the Social Science Research Network at www.SSRN.com).

    2.  Product Design

    The cost of manufacturing goods continues to plummet, and as it gets cheaper and cheaper the value will be added not by the physical production process but by the design process.  Understanding people’s goals and what they will actually use products for will be a way to add value going forward. (To this end, I highly recommend Donald Norman’s The Design of Future Things, which I expect to review in this space sometime soon).

    Advertising

    3.  “Technology Ecology” 

    This is kind of like tech support, but different.  As production costs continue to fall, part of value added in design will be in workplace design, or what might be called “Technology Ecology.”  Integrating the material of the last millennium (paper) with the material of the new millennium (silicon) is of paramount importance, and there are many margins on which to add value by designing workspaces.  The computer has been inserted into a work environment designed for people pushing pieces of paper across a desk, and many workspaces are fundamentally mid-twentieth century workspaces specked with a variety of early twenty-first century tumors.  Adapting the workspace to new technology will be an important way to help people add value in the future.

    4.  Financial management

    Economic and financial illiteracy is rampant in the United States and in the world, and there is room to add value by helping people better manage their money.  My wife is a CPA and I have a PhD in economics, and one of the most valuable lessons we’ve both learned is that “active management” or trying to “play the market” is a non-starter.  We enjoy a lot of peace of mind by socking our money away in passively-managed index funds.  A lot of poeple don’t know what “index funds” are, which means that they are leaving a lot of money on the table.

    5.  Personal nutrition and training

    As life expectancy increases, we will want to do all we can to increase the quality of our later years.  It has been said that “sixty is the new forty,” and as society gets wealthier there will be a lot of room to add value by helping people stay “fit and effective,” to steal a phrase from Jason.  Information filtering will grow in importance as the amount of information increases, and as we get richer more of us will find it to our advantage to outsource nutrition- and exercise-related information processing.

    A rapidly changing world creates enormous challenges, but these enormous challenges are also enormous opportunities.  The early twenty-first century presents us with incalculable opportunities to engage our creative faculties, and the fields I mention here are only a few of the areas in which those opportunities will emerge.

    More by this author

    Art Carden

    Art Carden is an Assistant Professor of Economics and Business at Rhodes College in Memphis, Tennessee.

    A Review of the Book “The Art of Learning” 21st Century Opportunities Learning from A Master: Review of “Bear Bryant, CEO” On “The Substance of Style” Productivity Hints from Booker T. Washington

    Trending in Work

    1 13 Common Life Problems And How To Fix Them 2 The Lifehack Show: Standing Out in Today’s Job Market with Dr. Julia Ivy 3 The Lifehack Show: Hard Work and Going the Extra Mile with T.W. Lewis 4 10 Work from Home Desks to Boost Your Productivity 5 10 Best Interview Questions (With Great Answer Examples)

    Read Next

    Advertising
    Advertising
    Advertising

    Last Updated on July 2, 2020

    13 Common Life Problems And How To Fix Them

    13 Common Life Problems And How To Fix Them

    In life, we encounter problems as we breathe. But it doesn’t get to us until we feel a major impact, and that’s when it becomes a source of concern, hurt, or sorrow.

    Life problems, depending on their magnitude, can be clogs in the wheel of progress, and we may not be able to attain our full potential if we don’t learn to place our problems in the proper perspectives as suggested in Robert Schuller’s Tough Times Never Last.

    In this article, I have identified some common areas where you will most likely face problems as you make progress towards reaching your full life potential. I have also suggested practical approaches in handling, managing, and solving such problems.

    1. Financial Crisis

    We live in an uncertain world and a financial crisis may come at different stages of life. While you should always anticipate and prepare for a financial crisis, it may still catch you off guard or the magnitude may be far more than any preparation you have made over the years.

    It could be that you lost your job or a major investment, got slammed with a lawsuit that threatens your savings, or have your livelihood be affected by a major disaster. So what do you do when you are in a financial mess?

    Solution

    To overcome a financial crisis, you will have to come to terms with the crisis. Acknowledge and accept the situation and begin recovery by setting your financial priorities right.

    The next thing to do is to identify the cause of the crisis. If it’s due to a job loss, then your effort should be directed at getting a new job. If it is having multiple debts, look for ways to consolidate your debt so that your monthly debt repayment can be consolidated into one instead of being burdened with multiple payments.

    You can also sell some of your assets to raise money to save the situation, or look for a better job if you are earning less at your current job. Don’t hesitate to ask for help from family and friends if you need to.

    2. Health Crisis

    Another major problem that might come up in your life is a health crisis. This is not far-fetched because our body systems work round-the-clock, even when we are sleeping. As a result of this, and if you don’t maintain routine health habits, health deterioration might begin to set in. Things might even get serious if you don’t attend to it early.

    Advertising

    Solution

    When you are facing a major health crisis, the first thing to do is to consider lifestyle changes. This includes cutting down on junks, eating healthy diets, exercising, breathing fresh air, taking some sun, etc.

    Apart from the lifestyle changes, you have to seek quality medical help and make sure you get different opinions about the state of your health so you can get the best affordable care.

    3. Relationship, Marriage, and Family

    There may not be anything as sweet as love and family life, but it can also be the source of pain for some. Human imperfections in a relationship can cause a major crisis in life. This has been a stumbling block to many on their path to fulfillment.

    Solution

    The best thing to do is to prevent relationship problems from happening, but if they do happen, you need to face reality and begin to take steps towards addressing them. Do your best to keep the lines of communication open as this can help in strengthening your struggling relationship. Talk about the challenges with your partner and look for common grounds.

    You can also arrange to see a counselor together or read books that address the specific challenges you are facing. The worst thing you can do is to end a relationship and that’s only when you have exhausted all other options.

    4. Workplace

    The workplace is supposed to be a place where we dutifully render the services for which we’ve been hired.

    However, it is not impossible to face animosity at work—dealing with toxic people who would rather not see any good in what you do. It might be caused by differences in background, attitudes, and unhealthy competition that can result in personal conflicts. This can create undue stress and reduce productivity.

    Solution

    Be as professional as possible when dealing with toxic people. Be kind and show understanding, and try to avoid personal confrontation.

    You can even try to reach out to the persons and invite them over for a coffee and get to understand their worldview. This can help you to connect with them at their level so that you can avoid unnecessary stress for yourself.

    Advertising

    5. Career Pressure

    In your quest to become more successful, you will likely encounter work-related pressure. Such can come when trying to stabilize your career or climb the career ladder. It can also come as a result of overworking and having no life. Career pressure is one of the most common life problems.

    Sometimes, it may be that the promotion you are working hard to get is not coming or positions you are qualified for are being offered to others. The pressure can get more intense when you find that most of your colleagues are moving ahead of you.

    Solution

    Check to find if you have personal or attitudinal problems. Some attitudinal problems can put you at a disadvantaged end. It may be poor communication, poor personal grooming, or poor relationship and networking skills. If it is any of these problems, then work on improving yourself in those areas.

    You can also observe your colleagues who are succeeding and take note of what they are doing differently.

    6. Unfair Treatment

    We are in a world where some people often think they have some privileges over others and may want to exercise this thinking and treat others unfairly. If you find yourself in an environment where you are being oppressed or treated badly because of your race, gender, or current status, this can make you feel really bad and can also affect your psyche and productivity.

    Solution

    There is the temptation to decry your treatment, defend yourself, and demand a change immediately, but you should really wait for the right opportunity to do that.

    When the time is right, reach out directly to the person or authority involved, and make it private. Meanwhile, you should be factual about the instances of your unfair treatments. Don’t just say it that you are being treated badly; give several undeniable instances.

    Once you’ve made your grievances known politely, keep being you. If things don’t change, you can cocoon yourself in that environment. If you have an option to leave, you can do so as well.

    7. Emptiness and Boredom

    When you are in a rut, everything becomes normal, dull, unproductive, and yet difficult to change. This can lead to feelings of emptiness and boredom. This may not seem like a serious life problem, but it can have a great impact on your life.

    Advertising

    Solution

    To overcome boredom and emptiness, break out of your routines, and deliberately create a new experience for yourself. If you can’t leave your job to find a new one, start doing other things that reflect your true passion. Sometimes, the things that give us the needed drive in life are not our day jobs.

    8. Confusion

    Confusion is described as a change in mental status in which a person is not able to think with their usual level of clarity.[1]. It is inherent in forgetfulness and lack of concentration.

    It can be caused by different things including medical and environmental factors. It can also be due to the experience of a loss, a heartbreak, or abuse.

    Solution

    Don’t allow the situation to deteriorate into something more serious. Try to snap out of whatever experiences you have had that is causing confusion. Seek medical help if necessary or talk to a psychologist.

    9. Friendship Problems

    We need friends in our lives to rob minds and hang out together and even help us when we run into trouble. But many people have found themselves in serious trouble as a result of the company of friends they keep. They’ve experienced jealousy, backstabbing, and betrayal of trust. Some friends have even used the information freely provided in times of friendship to betray trust.

    Solution

    Don’t open up on everything to friends. Keep some information only to yourself. If you notice that a friend is working against you, confront them with the truth. Limit your interaction with them or get rid of such toxic friends completely.

    10. Haunting Past

    We all have pasts, and we might have done some crazy stuff in the past before we begin to live a more civilized and decent life. But sometimes, the past comes back haunting. It’s even worse when life problems of the past haunt you back and become problems of the present.

    It may be that what you have done is now striking your conscience, keeping you awake at night. Or someone who knows about it is trying to use it against you, and it is standing in the way of your progress.

    Solution

    Be true to yourself and forgive yourself. If it is an issue with another person, you can reach out to the person to settle with them. If it is a secret that is now being leaked out, own up to it, take responsibility, and move on.

    Advertising

    11. Safety and Security

    You may find yourself in an environment where there have been unexplained murder, gun violence, police brutality, insurgencies, and other life-threatening situations. This can make you feel like you might be the next victim. What should you do in this situation?

    Solution

    Ensure that you watch where you go and keep your home secure. You can also get involved in a neighborhood community watch to collectively find solutions to the threat. If the situation persists, you can move to a more secure location.

    12. Failure

    Failure can bring disappointment and can also slow the pace of progress. But failure is also part of life, and we have to learn to deal with it. But what do you do when an experience of failure weighs you down?

    Solution

    You can read a book or biography to get inspired by other people’s success stories.

    13. Grief

    No one loves to grief but we can’t totally shield ourselves from it. The loss of a loved one is painful and, if not properly handled, can lead to an emotional breakdown.

    Solution

    Take your time to express emotions. You can also pen an emotional tribute to the individual. Writing can help us bring out the feelings that cannot be expressed otherwise, and it helps us breathe a sigh of relief.

    You can also cope with your grief by helping them to realize some of their unfulfilled dreams or do something in their honor. Lastly, while you think about your loss, you will still have to move on, accepting the fact that life is transient.

    The Bottom Line

    Problems are what make life worth living. They help us adapt to become tougher as we adapt to different situations. Always remember that whatever problem you are facing has a solution or, at least, a manageable approach.

    Therefore, never allow your challenges to stop you from fulfilling your true potentials in life.

    More Tips to Help You Get Unstuck

    Featured photo credit: Danka & Peter via unsplash.com

    Reference

    [1] Medicinet: Confusion: Symptoms & Signs

    Read Next