Digital Labor Book Companion Series Thomas Young

Businesses that require employees to make their business operate are limited based on what those people can do.

In retail, for example, stores are open during retail hours. But Amazon is open 24 hours because the cost of keeping it open is negligible.

This chapter explores many more specific examples of how companies in today's world have utilized technology to redefine their workflows creating digital products resulting in exponential growth.

You can buy a copy of this book on Amazon now! Click the link amzn.to/2J8aafz

Do you need a college education to succeed in today's workplace?

Tom is of the opinion that the business case for a college degree is rapidly eroding. The student debt levels in this country are into the trillions of dollars, and this burden could last you until you are 30, 40, or 50 years old.

Even some of the best degrees are lacking, and as a result, graduates aren't equipped to deal with the practical applications of new technology in the workplace - which requires further time training.

In contrast, Tom proposes a 2-year degree and a 2-year apprenticeship vs a 4-year school. This chapter explores that notion a little bit more in the context of new ideas on how to better manage labor and retrain the workforce.

You can buy a copy of this book on Amazon now! Click the link amzn.to/2J8aafz

While recording this episode, there were 3 people in the studio: Kiran, Shawn, and Tom. Jeff Bezos walked into the studio.

Suddenly the average wealth of the people in the room is $30 Billion.

The average wealth represents nobody in the room.

Macroeconomic indicators on the health of the job market, such as the unemployment rate and average wage growth suffer from a similar problem. Not only is their accuracy debatable, but their graphs do not represent the individual in the workforce, you, and me.

This chapter personalizes the impact of technological change on the individual in the workplace to inform readers on how they can benefit from this newly gathered information.

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Whilst consulting at IPsoft, a market leader in Automation, it became clear to Tom that the term Automation is in the eye of the beholder, and there was a lot of confusion surrounding it. Putting automation in the context of a spectrum was critical, and this led to the creation of the Rumjog Maturity Model.

In this episode, Tom discusses this model and uses practical & easy to understand examples to denote what each level in the model means, including a unique reference to the Quarterback in American Football and High-Frequency Trading!

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Ernest Hemingway once famously described the process of bankruptcy occurring “Gradually and then suddenly.”

In many ways, the proliferation of automation and subsequent job disruption will occur in a similar way according to the author Thomas Young. It also explains the difference between Analogue and Digital.

In this episode, Thomas discusses the cycles of gradual economic evolution from the agrarian to industrial, and the sudden evolution taking place in the technological revolution.

Should people fear the imminent change which is coming?

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Chapter 1: What is Digital Labor?

The first chapter of the Digital Labor Book answers the question 'What is Digital Labor?'. In this episode, the author of the book Thomas Young discusses his definition in concrete terms and using everyday examples of automation of labor.

Thomas also discusses the impact of Digital Labor, in the context of the recent Thomas Cook bankruptcy.

You can buy a copy of this book on Amazon now! Click the link amzn.to/2J8aafz