Stick With the Basics

Staying current makes for a tiring pursuit.  I mean, there are so many avenues of information out there and we need discernment to know which path to take.  Nevertheless, I continue down some path each day that leads me to thinking about topics with relevance to both our generation and the next generation.

One such topic is making a living.  Yes, that thing we do upon finishing some level of education and enter the real world.  Maybe this is a Westernized notion, but we do need shelter and food on the table and the means to getting this here in the U.S. is through a job.

From some of my reading, I sense there is a redefinition of “making a living” in the works.  Particularly among the next generation, there appears to be a type of entrepreneurship going on that espouses linking a new startup venture with some technological discovery that will make millions.  For example, the rush to create new applications for the I-Phone seems to be a particularly ripe area for making money these days.  The number of new applications does appear to have a limit though.

Some like to refer to these entrepreneurs as “heroic,” that is, someone who ventures away from the common path to seek a new path of riches perhaps driven by a vision to make the world a better place for all of us.  Now this might be a stretch.  Can an I-Phone app make for a better world?  These things have a life span, you know, and they ultimately end up being replaced by something newer, faster, slicker.  Last time I checked my world was just fine even before the I-Phone.

This brings me to the point for the next generation—stick with the basics.  Begin by asking questions like, “What are the basic things needed in my life, the lives of the typical person or family here in this country?”  Or, “What are the basics for a successful business?”  We have pushed to the edge so much in recent years that I fear we have gotten away from an understanding of the basics.

Perhaps this is further clarified through a Proverb I read this morning.  “He who works his land will have abundant food, but he who chases fantasies lacks judgement” Proverbs 12:11.  Fantasies refer to schemes for making easy money.  Is that where we are today with the scads of schemes for making a buck on the web or with these unending myriads of applications for electronic devices?  Again, you can only carry these things out so far before they end up consuming the consumed.

The notion of “working the land” is what I would refer to as a basic.  Working the land implies a steadiness, a knowledge that there is a God who provides me something to do with my hands and helps me in this daily act of “making a living.”  If you work the land, you are dependent on good weather and regular attention to caring for the things you planted.  It seems that some of the next generation want to bypass the planting and get on to the reaping.  That is a rather short-term view.

Let’s return to the basics.  It may be more satisfying than you can imagine.

Are Jobs the New Assets?

Time Magazine, along with other media giants, deserves credit when they get our attention.  After all, isn’t that what communications is all about?  In the March 23 edition, the headline read “10 Ideas Changing the World Right Now.”  I looked at the headline curiously, wondering if the ideas would solve all of our economic issues or if they were just speculative enough to prompt further analysis from experts and amateurs.  If you are curious, check out the article to see where it leads your thinking—here is a link.

At the top of the list, Number 1, was this:  Jobs are the New Assets.  Was this supposed to make us feel better about the dwindling property and investment values we see around us?  Or was this a step toward some economic theory about human capital?  Maybe it’s a little of both.  It’s probably time to get out your Econ 101 book and revisit the section dealing with human capital.

The idea deserves merit.  Jobs define us, they give us an identity.  No longer will I look at my balance sheet for purpose in my life, I will look at each day with a job as something precious.  Is this too much a short-term perspective?  No, I think this thought contributes to the long-term notion that jobs represent the best assets a company holds.  If you have jobs, you have production.  If you have jobs, you have billable hours.  The corporate world lacks this long-term perspective when it rewards risk-takers with large bonuses at the expense of a steady, perhaps slower view that rewards dedication, dependability, and long-term value building.

Part of the next generation’s challenge with jobs will be to protect their human capital.  Don’t overlook the fact that skills require development.  Education helps.  An apprenticeship makes sense.  You can’t sit around in coffee shops day after day and expect to develop your human capital.  Get up and get moving toward some vocational outlet that intrigues you and maintains your interest.

Another thought about protecting your human capital’s worth:  stay healthy.  Years of smoking and drinking age you quickly.  Look at someone who does this stuff for 20 years and you’ll see the wear and tear on their physical bodies.  The scary part is not what you see, but what you don’t see.  Statistics from the Urban Institute in early 2009 show that about a third of all Americans develop some health-related limitation in their fifties and sixties.  As a result, many workers do not retire on their own timetable.

Some of the next generation seem to think they can ignore healthy habits.  It is strange, but many of those who call themselves “green” and seem more concerned about global warming than they do their own bodies probably lead the way in unhealthy habits.  The “greenies” tend to ignore their need for rest and use drugs and alcohol like they are necessary parts of a balanced diet (please excuse this short rant).

So, if you are your best asset, take care of yourself.  The next generation awaits.