Book summary – the coming jobs war

• Global war for good jobs
• if cities/countries fail at creating good jobs, their society will fall apart

Successful cities

• examples
  • San Francisco
  • Singapore
  • Seoul
•  Effects
  • brain gain
  • talent gain
  • job creation

• Country structure
  • Rich tax base depends primarily on companies that create good jobs
  • Tax funds social security
• China GDP to surpass US in 30 years
  • US GDP: USD15 trillion
  • China GDP:  USD 5 trillion

Source of jobs

• Countries
  • Intent – based in behavioral economics as opposed to classical economics
    • stimulated by local leaders
  • behavior economics – science of choice
    • 70% emotional
    • 30% rational
  • classical economics – supply, demand and fiscal policies
  • America’s greatest advantage – Freedom
• Cities – most important solutions are local
  • Big cities
  • great universities
  • powerful local leaders – 10,000 people
    • who to talk to
    • levers to pull
    • faster and better than city council
    • super mentors

Talent types

• Entrepreneurship – optimism and determination
  • 50% traced back to universities
    • smart business models
    • inventions
  • smart business models are more important than inventions/innovation
  • creates new customers
• Managers
  • get employees to work on their strengths
  • a great boss
  • bad manager never gets better
  • listening to customers better and delivering what they want better
    • relationships trumps price

Future generation

• kids drop out when they lose hope to graduate

Further readings

• The United States of Europe