Group items tagged

Building infrastructure does not produce economic growth unless there is already a skilled workforce and an expanding private sector to exploit it. Job creation schemes are expensive, require continuing support and tend to divert jobs from elsewhere rather than create new ones. Worse than the waste, these regional economic development programs can prevent money from going where it is both needed and able to contribute to economic growth - in Australia's fast-growing or `bolting' regions.

There is a crisis of meaning in the world of business, especially for millenials.  They're asking the question, "Why am I doing this?"  And I think businesses are not providing great answers to those questions, and I think that's why you're getting more and more talented millenials picking a career that is non-business or quasi-business in part for foundation or some NGO.  And I think it's partially tied into this whole shareholder value maximization theory.

"Are you making money renting your apartment on Airbnb? You're a Micro-Entrepreneur. As more and more services let people monetize their own assets and knowledge, it's creating a new sector of the economy."