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Yearly Archives: 2014

Back to the Future

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If you want to know the future, ask the kids. It’s going to be their world one day and you can expect that it will be made in their image. Their attitudes, values, and goals will become what drives the economy once they kids of today become the parents and leaders tomorrow.

That’s why UBS asked Millenials (born 1982-1999, or currently 15-32 years old) about their financial and life goals. This is the generation that has been described as narcissistic, broke spenders among other things. If you believe that line, think again. The young people today are one of the most conservative generations yet financially, valuing happiness and security far more than a big pile of cash.

This describes our future, certainly, but more importantly it fits perfectly into the main reason why there are economic and business cycles in the first place.

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Something Like a Warning

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The Congressional Budget Office (CBO) has released their projections for the next 10 years and you can tell they were written by economists. There is plenty of good news and bad news in the report, and the details become very hard to read. Deficits will go down, and the economy will grow – but interest on the debt already incurred is going to turn into a very large and crippling bill.

To make these projections, they start with current policy and trends and simply extrapolate forward. None of it is written in stone, and some of it is clearly a warning to create new policies. Let’s run down what we have in front of us and what has to be done.

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Kids Being Kids – Amazing

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The main challenge in this year’s FIRST Robotics Challenge is to scoop up a 2-foot yoga ball and shoot it into a goal 6 feet high. The machines that have to do this are designed and built by high school kids, including my son George. Many of them have never done anything like it before. It takes strategy, planning, and a lot of learning how to use power saws and drills. But the Great River School team 2491 No Mythic is hitting the challenge with great energy and determination. It’s also a lot of fun.

My role as a “mentor” is mainly to coach them along, but I also get my hands dirty. I also teach them really bad things like how to strip wires with their teeth. Through it all the robot is coming along. The pneumatic and electrical systems work well with the programming and no one has gotten hurt. It shows what kids can do when they simply get in and do it.

A study came out that says a little more about letting kids go off and do what might seem dangerous, even at an early age. It seems to fit with what I’ve seen at Robotics League.

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Cities and The Future

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It has been a long week.  This repeat from 2010 goes to the physical nature of economic restructuring and where it must come from – our cities.  The recent snow disaster in Atlanta (brilliantly discussed here) is more about infrastructure not keeping up than anything else.  So what do we need?  Let’s start with the basics of what a city is for, and how it will serve us.

Cities mark the landscape across this nation and all others.  Images of the handiwork of a culture often define the people who come to inherit the space and, in turns, mark it with their own generation’s values.  Yet they are so much more than static collections of icons – they are where people come together and live their lives right now.  They are always ultimately about the connections that make them alive.

Even the bricks and mortar or glass and steel is ultimately a connection across time to what made the city what it is today.  Though it’s the stuff that makes up a city which gets photographed and noticed, they are much more than that.

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Head Count or Overhead?

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What are you worth as an employee? A good check for anyone working is to add up what it takes to keep them employed and what their net value is to the company. A strong positive value means job security, something pretty valuable these days. But to do it right, what you cost the company is a lot more than just your salary. There are benefits, like health care and retirement plans, yes. The total cost is far more than even that and it can roughly be called the “overhead per employee”.

By the simplest calculation that’s more than 42% above what you take home, and it could be much more than that. And this overhead is one of the biggest barriers to increasing employment, reducing hours, and generally creating a better quality of life for working people in the US. Not to mention it puts us at a competitive disadvantage when it comes to creating high quality jobs.

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