Are Millennials the new entrepreneurs?

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The next generation of leaders are making headlines for their entrepreneurial attitude – are millennials driving a new startup revolution?

 Millennials came of age in a world powered by the products of rockstar entrepreneurs – Steve Jobs, Mark Zuckerberg, Alexis Ohanian. TV Shows like Shark Tank, highlighting the aspirations and potential success of entrepreneurs, drew audiences of over 6 million. Meanwhile, the 2008 recession threw the stability of traditional career paths into question. It’s no wonder, then, that millennials seem to look very favorably upon entrepreneurship. But is this younger generation actually more entrepreneurial than preceding generations? The data is split. In this final article in my series on how millennials are transforming the workforce, I explore what entrepreneurship really means to millennials.

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The future of work looks like staying out of the office

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Dozens of studies find remote workers happy and productive. Why not let them be?

It’s 2020: we finally live in the future! Or at least a future—one where broadband Internet connections and portable, reasonably high-powered computing tools are pervasive and widely accessible, even if they aren’t yet universal. Millions of workers, including all of us here at Ars, use those tools to do traditional “office jobs” from nontraditional home offices.

Tens of millions of jobs at all points of the income and skill spectrum are of course not suited to remote work. Doctors, dentists, and countless other healthcare workers of the world will always need to be hands-on with patients, just as teachers need to be in schools, construction workers need to be on building sites, scientists need to be in labs, wait staff need to be in restaurants, judges need to be in court, and hospitality employees need to be in hotels. All of that said, though, many more of the hundreds of different kinds of jobs Americans do can be done off-site than currently are.

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What would your ‘future self’ want to do?

 

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Prepare Yourself, It’s Unlikely To Be Comfortable

An internationally acclaimed keynote speaker & bestselling author, grab a copy of Margie Warrell’s fifth book ‘You’ve Got This! The Life-Changing Power of Trusting Yourself’ (Wiley Publishing)

I attend a lot of conferences and regularly sit on panels. One of the more popular questions I’ve seen asked, and been asked, is “What advice would you give your younger self?”

It’s not a bad question. However, it has limited utility. After all, we can’t wind the clock back and change the decisions we’ve made, the actions we’ve taken, or (often more relevant) those we’ve failed to take. It’s why I believe a more useful question is to consider what advice our “future self”—us in the final chapter of life, with all those years of accumulated wisdom—would want to whisper in our ear if it had the chance.

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The Human and machine workforce leading digital transformation

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When it comes to digital transformation, humans—believe it or not—play an integral role. In fact, companies that make strong use of the combined human/machine workforce have a far greater chance of success in digital transformation. Accenture calls these combined people/bot workspaces “future systems”—systems that seamlessly integrate humans and robots to create business goals that are limitless, agile, and “radically human.” I consider the companies that harness the power of humans and machines will be the ultimate winners of the future of work.

The good news: these systems are already happening. The bad news: only 8% of those surveyed by Accenture seem to be using them right now, despite the fact that revenue growth in future system companies is 50% higher than those in average or laggard adoptees.

If your company has not already implemented some type of combined human/machine workforce, it will be hard—in fact, nearly impossible—to catch up. That’s because the power of AI and machine learning amplifies the skills, insights, and capabilities of leading users to the nth degree.

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Alphabet CEO Sundar Pichai says there is ‘no question’ that AI needs to be regulated

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Alphabet and Google CEO Sundar Pichai. Photo by Vjeran Pavic / The Verge

‘The only question is how to approach it.’

Google and Alphabet CEO Sundar Pichai has called for new regulations in the world of AI, highlighting the dangers posed by technology like facial recognition and deepfakes, while stressing that any legislation must balance “potential harms … with social opportunities.”

“[T]here is no question in my mind that artificial intelligence needs to be regulated. It is too important not to,” writes Pichai in an editorial for The Financial Times. “The only question is how to approach it.”

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A survey of 20,000 creatives suggests brainstorming is a giant waste of time

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Perhaps more than any other category of professionals, creative types are expected to thrive in brainstorms. In the public’s imagination, their offices are filled with fidget toys and Post-it notes in an array of colors, all meant to absorb some of the energy of a group of fast-thinking, well-dressed hipsters deep in ideation mode.

But a new report based on a survey of 20,000 creatives from 197 countries suggests that, in fact, a majority of these professionals—including writers, musicians, photographers, and podcasters—find that brainstorming is largely unhelpful for solving a creative challenge.

The survey, commissioned by the Dutch file-sharing company WeTransfer, attests to the perils of this form of groupthink. “In the creative world we hear an awful lot about collaboration, but it seems that while working together is essential to bring an idea to life, it’s not that good for shaping ideas in the first place,” notes Rob Alderson, WeTransfer’s recently departed editor in chief.

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What will the end of oil dependence mean for geopolitics?

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Solar power is one form of renewable energy that is replacing fossil fuels

If you want to understand the revolution taking place in renewable energy, come to a power station called Gemasolar in southern Spain.

Here, in the dusty plains of Andalusia, they have worked out how to generate solar power 24 hours a day.

Yes, you can read that sentence again. At Gemasolar they create electricity even when the Sun is not shining.

They have rigged up more than 2,500 huge mirrors on hydraulic mounts that follow the Sun’s passage through the sky.

The mirrors – each about the size of half a tennis court – reflect the Sun’s rays to one central point, the top of a 140m (459ft) tower, where molten salt is heated to almost 600C. This liquid salt is carried down the tower to where it heats the steam that powers a turbine.

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Science explains why we should all work shorter hours in winter

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People tend to feel gloomier when the nights draw in and cold weather descends. But altering our working hours to fit the seasons could help lift our mood

For many of us, winter, with its chillier days and lingering nights, ushers in with it a general sense of malaise. It’s increasingly difficult to peel ourselves out of bed in the half-light of morning, and, hunched over our desks at work, we can feel our productivity draining away with the remnants of the afternoon sun.

For the small subsection of the population who experience full-blown seasonal affective disorder (SAD), it’s even worse – winter blues mutate into something far more debilitating. Sufferers experience hypersomnia, low mood and a pervasive sense of futility during the bleaker months. SAD notwithstanding, depression is more widely reported during winter, suicide rates increase, and productivity in the workplace drops during January and February.

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Fewer students are going to college. Here’s why that matters

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This fall, there were nearly 250,000 fewer students enrolled in college than a year ago, according to new numbers out Monday from the National Student Clearinghouse Research Center, which tracks college enrollment by student.

“That’s a lot of students that we’re losing,” says Doug Shapiro, who leads the research center at the Clearinghouse.

And this year isn’t the first time this has happened. Over the past eight years, college enrollment nationwide has fallen about 11%. Every sector — public state schools, community colleges, for-profits and private liberal arts schools — has felt the decline, though it has been especially painful for small private colleges, where, in some cases, institutions have been forced to close.

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Would you want immortal life as a cyborg?

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Transhumanism can mean uploading one’s mind into cyberspace. But some transhumanists hope to slowly morph into “immortal cyborgs” with endlessly replaceable parts.

Five years ago, we were told, we were all turning into cyborgs:

Did you recently welcome a child into the world? Congratulations! An upstanding responsible parent such as yourself is surely doing all you can to prepare your little one for all the pitfalls life has in store. However, thanks to technology, children born in 2014 may face a far different set of issues than you ever had to. And we’re not talking about simply learning to master a new generation of digital doohickeys, we’re talking about living in a world in which the very definition of “human” becomes blurred.

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Scientists pinpoint the age you’re most likely to find meaning in life

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What is the meaning of life? But if you’re still searching, take solace in the fact that scientists may have finally found the age when purpose becomes clear. Knowing the answer could be a boon to your physical and mental health — humans tend to thrive with a sense of purpose, their results suggest.

Interviews with 1,042 people aged 21 to more than 100 years old reveal that people tend to feel like their lives have meaning at around age 60. That’s the age at which the search for meaning is often at it’s lowest, and the “presence” of meaning is at it’s highest, according to a new paper published this week in the journal Clinical Psychiatry.

If you’re a twenty-something ruminating about your life’s purpose, that may seem like a long time to wait. But take heart: If this study tells us anything, it’s that the ennui-fueled search for meaning in your early life is normal, and, even after 60, it doesn’t actually ever end. Instead, people may readjust how they derive purpose as they age.

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Discover the Hidden Patterns of Tomorrow with Futurist Thomas Frey
Unlock Your Potential, Ignite Your Success.

By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.

Learn More about this exciting program.