The quote is this: "Man's work begins with his job, his profession. Having a vocation
is something of a miracle like falling in love," that's from Hyman Rickover the father
of the nuclear Navy. I thought it was a worthwhile since we are in a Navy town like San Diego.
I'd also like to bring up in relation to this that last week the NBA staged a draft and
this wasn't a draft for players on the basketball court. This was not a draft for WNBA players,
this was for video game players. The NBA is starting the new league called NBA 2k in which
your skill as a video game basketball player will rate you a salary that begins at $32,000
to $35,000 a year. This is nearly commensurate with salaries in the NBA. And I just bring
this up because I want you to think about it. I want you to get into the mindset of
what we're going to talk about today. Now having said all that I want to of course
thank Ray Powers for inviting me to be as part of the advisory board and Bob Daugherty.
And everyone here who've done so much to make me feel so welcome. In giving this presentation
in knowing that it's possible or even likely that Steve Forbes is watching somewhere. I
am living the story of my book that's coming out in May, "The End of Work." Because
it can't possibly be work what I'm doing right now. And presenting these ideas about
how work is evolving in such a way that more and more people get to pursue something that
involves their passion. This book in many ways is my story and it describes what I think
is a beautiful future. And that's what's most exciting about presenting is that I'm presenting
to many students at Forbes Ashford University. In looking out at you and thinking about the
people watching, I'm looking at and thinking about the most accomplished generation in
the history of the most accomplished and richest nation in the world. What your generation
is going to achieve in terms of in advances that rapidly enhance our standard of living
that make life much better will be staggering. What your generation is going to achieve in
terms of advances that help those who formerly couldn't help themselves lead perfectly normal
lives is going to be amazing. Be optimistic about the future because it's going to be
a great one. And the reason it's going to be a great one is that the work of the future
is increasingly going to reflect what you're interested in, what you're passionate about.
The work of the future is going to be more and more about things that elevate you. You'll
get up in the morning and go and do something about which you're very much an expert. And
in doing that which elevates your expertise you're going to be exponentially more productive.
Productive people accomplish an enormous amount. The future is bright.
Now I'm thinking about this again. It's important to get into a different mindset because the
nature of work is changing before our eyes. In Singapore right now, there are plastic
surgeons but they're not plastic surgeons for people. One of the most popular fishes
there is something called the Arowana fish. Don't ask me why but plastic surgeons there
make good money charging the owners of these Arowana fish for eye lifts and chin jobs if
you can believe that. The New England Patriots when they traveled to Minneapolis for the
Super bowl brought along a massive team of assistants and people working for the Patriots
to make them great. This included not one, but three, sleep coaches. Can you think of
something more pleasurable than sleeping? But so advanced are we economically that there
are now football teams because they want to prosper have people who coach you on how to
sleep. Now what's interesting about that is if you watched any of the proceedings to the
Super Bowl what went on is there are all sorts of people there who are in a good living being
NFL insiders. Imagine that there are people today who are paid to follow one of the most
popular sports leagues in the world and report on its doings to people. To everyone here
we are in the midst of something extraordinarily exciting. It's taking place about work. It's
a beautiful thing earlier today Bob Daugherty was talking about the thousands and thousands
of job classifications that exist in the world to do. Compare that to 150, 160 years
ago when you were born then your life was kind of set. You were going to be in the farming
business that was your future. People were born and they made it their life's work to
raise and create food. That's what everyone did it. There wasn't weren't too many other
options. There weren't too many other classifications that's what you're going to do. And then something
remarkable came along millions and millions and arguably billions of jobs were destroyed.
Thanks to this this advance it was called the original robot, is things like the backhoe
and the tractor that suddenly made it possible for fewer and fewer people to create the food
on farms. And in the process again, millions in part arguably billions of jobs were destroyed.
The biggest job destroyer in history but it had put people in bread lines. No, it freed
people up to solve all sorts of other societal problems to focus their energies and all sorts
of different things. They're talking to Owen earlier today he actually likes fishing and
agriculture. Owen, if I had to do that work I would be an object of immense pity. I would
be a joke, I would be lazy. People would make fun of me and this speaks to the beauty of
works evolution. The fact that the tractor and the backhoe freed so many people from
the work of farming meant that more and more people got to get out into the world and express
a unique level of expertise. My book is all about this modern world that
is thankfully very much unlike the world of a hundred fifty, hundred sixty years ago.
We no longer have to worry about raising the food every day that we eat and because we
don't we increasingly can be experts. And for background on this it's useful at least
me to travel back in time to explain to you a major reason that I wrote this book. I'm
not a big music guy but in 2014 some friends of my wife invited us to a Fleetwood Mac concert
in Washington DC. And so, we went on the assumption that they probably are getting
old. They're probably soon to retire and so the seats weren't very good but that actually
aided the outcome because we were toward the back of the arena. And we're watching rather
than them on the stage which we couldn't really see very well. We're watching them on the
video screens. And this fed this essential outcome in that we're watching Mick Fleetwood
who's easily in his 60s just abused his drum kit. You could not believe the joy in his
eyes. And then you look at Lindsey Buckingham someone who's worth a staggering amount of
money but working endlessly hard the guitar and so happy singing, playing the guitar.
And the realization for me at least was that there's no fear that they're going to retire
anytime soon. How could they possibly retire from doing something that they love so much.
These people were working enormously hard. You have to get in shape to go on a tour like
this but it was evident from watching them that they were hardly working. And a slight
digression from here's to is to say that this end of work that I described whereby more
and more people do work that doesn't feel like it is going to force a total redefinition
of retirement. Because people talk about the retirement crisis, people don't have enough
save well that's a natural market reaction to world in which more and more people don't
intend to retire. Why would the members of Fleetwood Mac retire when they're doing something
they enjoy so much? Now that's an outlier I get it but more and more people are doing
something they enjoy. So, this notion of stopping them at some point is going to be something
that's largely erased from society particularly from the younger generations.
Now Lindsey Buckingham plays the guitar and sings but imagine if the only option in life
was to be a successful investor. Well, odds are people wouldn't pay all this money to
go watch Lindsey Buckingham talk about investing. But they do pay that to hear Warren Buffett.
Warren Buffett famously auctions off usually at least one lunch a year in which people
pay 3.5 million just to have lunch with one of the world's greatest investors. Now let's
let Warren Buffett way into this discussion about how work is evolving. Several years
ago, he wrote an op-ed for The Wall Street Journal and he asked people to imagine if
we lived in a sports-based economy. As he put it, "In such a marketplace I would be a
flop. You could supply me with the world's best instruction and I could endlessly strive
to improve my skills. But Alas! On the gridiron or basketball court I could never even command
a minimum wage." Well, thank goodness Warren Buffett isn't limited to one path in life.
My guess is also that if he had been born 160 years ago, he probably would have been
pretty average on the farm. But as the world evolves and that in the classification of
work involved someone like him was able to pursue something at which he's absolutely
confident that he wakes up every day dying to do it. Because it's a reflection of his
unique skills and passionate. Now all this speaks to the amazing world in
which we live today. I'm of the belief about this world that no one is stupid. I'm also
the belief that no one lacks work ethic. Yet everyone in this room knows what it's like
to feel lazy. Well, my argument is that there are no stupid people and there are no lazy
people what there are however are people who have very great skills that are suffocated
by a small economy such that they're not able to express those skills in the marketplace.
No one's lazy. Everyone in this room knows what it's like to be very good at something.
Most of you know what it's like to be very good at a number of things. And you know that
when you're doing what you're very good at but it's no longer work. That you can spend
hours and hours doing it you can spend weekends doing it and it doesn't bother you because
you're doing something that reinforces your unique skills. And that's where we're heading
today is that we can increasingly combine these two things. And this is crucial at least
if you believe my thesis about where we're headed because I don't think you can be happy
if you don't work hard. I think people who are not working hard are generally miserable.
I could someone with lots of Warren Buffett can write anyone in this room a big check
such that they would never have to work again. But that would guaranteed not make you happy.
Work is what makes us happy and this isn't to say that we can't have a life free of leisure
and happy nights out. But it is to say that the true source of happiness is blood, sweat
and tears. That unless you're doing something consistently on a daily basis you just don't
feel good about yourself. And everyone here I think also knows what it's like to be in
a job in which you're doing something that you're just no good at. And you dread Sundays,
and you dread showing up at work is. It's not a reflection of your skills and you try
to work hard sometimes you do. But it's hard to do it consistently. Everyone knows what
it's like to not put in a hard day or a hard-working day. It's difficult. Work is the source of
happiness but it's my contention that you can't be consistent. A consistently hard worker
unless you're doing something that elevates your unique skills. It'll be clear the end
of work is not about how to learn how to work harder. Believe, I have no clue how to tell
someone to do something they hate. It's also not some book that says you've just got to
have grit and work your way through the difficult times. Please grit is the most overrated concept
I've ever heard. Hard-working people are consistently doing it because they're doing
something that they love and so the trick in life is to find what that is and to Make
it a career. Now this point probably a lot of people are
fairly skeptical. There's lots of you that like lots of things and you think okay well
that's not reasonable as a career. But I disagree. I think it's increasingly untrue if you look
around the world in which we live it's more and more of the case as time goes on that
people get to combine a passion and turn it into a career. Let's call this Tammany's law
for fun and because I like to elevate myself. Tammany's law says that as prosperity increases
laziness rapidly decreases. As the range of work options increase so that every individual
can do the work that most accentuates his or her individual talents. It's the job of
everyone in this room and everyone watching to figure out what it is that uniquely elevates
you. Now what I want to stress about this is that
what I'm describing is not easy. It's a cliché but nothing worthwhile life is easy. Happiness
is hard. It is hard to find that which makes you consistently thrilled to get up every
day but it's certainly a worthwhile endeavor. To get to this point to find the work that
elevates you're going to have to have probably a lot of failure. Some of you are going
to have to have a number of failures. I certainly did. I always wanted to be a writer but I
had to fail a lot of times along the way to get to that point. And so, I'm not saying
that's going to happen right away but happiness is worth it for you to constantly be thinking
about what it is that it would pain you not to do and figure out a way to make a career
about it out of it. In my case again I wanted to be a writer about economic policy. I used
to look at Steve Forbes. Years ago, long before he knew me and think I want to be able to
do the kinds of things he does and talk about the economy. But it took me a long time to
get the courage up to actually try. And of course, once I did it's not as though I just
suddenly became a writer and could support myself. I worked all sorts of jobs, fundraising
sales, everything I did could do to pay the bills so that I could have time to read and
write at night and on weekends in order to pursue this other career. So, I'm not saying
you can just become what you want it's entirely possible you're going to have to work other
jobs to pay the bills so that you can pursue that which elevates you. And along the way
you're going to be ridiculed. I can't tell you how many times friends of mine or even
family members people would ask me what I do and I'd say well I'm the fundraiser for
an institution in Washington. And they say oh no, no, actually what he does is write.
Implicit there's they weren't impressed with what I was doing. And it's embarrassing and
you feel bad about yourself but that's worth it too. Embrace all the insults in your
pursuit of what you love because in doing so it's going to give you more fuel to prove
everyone wrong and figure out what it is that elevates you and make a career of it. You've
quite literally got to fall in love with something and make it happen. It's not going to be overnight
but it's worth it. Now along these lines to show you where the
book is going I will be upfront. In many ways I am setting myself up for ridicule not just
in this room but for people to pick up the book. Because the first chapter of my book
after the introduction argues that college football players should major in college football.
And if people are hearing that and they're probably thinking that's nuts. But I think
it's nuts that if you are good enough to rate a scenario whereby a school will spend easily
a million dollars in some instances to pay you to go somewhere. Why would you not focus
all of your energies on developing the skills that got you to that point in the first place.
What a strange thing that you wouldn't focus everything on football. But people say wait
a second that that doesn't make sense. Football is just a game. Yes, it is but it's a very
cerebral game. It's one mitt unless you're willing to put all of your energy into it.
You're not going to learn it in such a way that she can be very good at it. And to help
you understand this better I want to begin with a quote from Bill Walsh the Hall of Fame
NFL coach and also Rich Karlgaard's personal hero. As Walsh put it not long before he died.
"I know I have to start with football. I know have to start with smart players. It might
not have been so important and past errors but today we're asking players to do so much
and to know so many schemes. Without basic intelligence they simply can't play". Let's
then bring in a quote from Mike Holmgren who is the is Walsh disciple and is also headed
for the NFL Hall of Fame. Here's what he said about the quarterback position. "Say you
want to learn Chinese. You go to a class and learn it over a period of years and you practice
speaking it. And pretty soon after a few years you can speak Chinese fairly well. Imagine
trying to learn something as difficult an entire system of plays and taking the knowledge
and making the decisions on what to call and where to throw all in split seconds. And doing
it with the people running at you trying to knock your ass off."
Let's then go to Peter King the Dean of pro football writers. He's at Sports Illustrated
in 1993, he wrote a book called Inside the Helmet in which he explained the game. There
are different positions. Boomer Esiason the former Bengals star quarterback, was the
person he featured at quarterback. And he asked Esiason to explain what it's like to
walk up to the line of scrimmage as a professional football quarterback. Now Esiason was talking
about a game and a play against the Redskins. And then early nineties the Redskins were
the top NFL team and was read to a few passages. As he put it, "The Redskins liked to shift
and from the 45 they go right into the 46. Look the old bear defense and the 45 second
clock is ticking down. And I don't have much time to get the play off. And we're inside
the red zone. Second and seven I'm thinking all of a sudden this is their blitz down they're
coming. So, I've got to think of my blitz audible formation. I'm in strong backs. They're
running eight men up to the line of scrimmage. They're coming. It goes on to say, I go in
a hurry to 82 Zulu to 82 Zulu, check 95, check 95, Green, Green, Green, everybody got it."
Football on the professional level is artistry born of freakish athletic ability combined
with superhuman intelligence about a craft that would reduce most anyone to blubbering
idiots if they tried to do it. You not only have to be amazing up here but you have to
do it while people are looking to knock you over and hurt you. As Esiason went on to put
it you have to know every play, every audible, every code word. Every single nuance of the
game plan because 60,000 people will be screaming with three or four more million watching on
TV with every eye on you. Getting coaches officials players all waiting for you and
you and you hardly been able to hear anything and the clock ticking down second by second.
I have to go to every player in the exact right information of all these things going
on around me. It took me two and a half years to feel totally comfortable in this stuff.
Esiason's point is the one you walk up the line you are making at least 60 reads and
a half second. Most of you have heard of Rob Gronkowski the
Patriots tight end kind of a meathead sort of a party boy. Everyone assumes he's stupid.
In fact, in the game of football he's a mastermind. No less than Bill Belichick describes the
position of tight end is the second most difficult position in all football. The Patriots are
able to run their offense solely because Gronkowski can do things understands football up here
in a way that few people do. There are lots of people who have his size and have his speed
but very few have his mind what makes him great is what's up here. If the NFL were about
just speed and talent then you'd see agents waiting around at the Olympics every four
years signing up sprinters. Notice how few sprinters make the NFL because most of what
happens, most of what makes you successful is up is in your head. And she looks at
someone like Tom Brady. He's not doesn't have a great arm, not very fast but as Charlie
Weis once put it I don't know if I've ever met anyone who reads coverages as quickly
as incorrectly. You could count in one hand the times he saw something incorrectly. When
he would throw it on Randy Moss. Randy Moss was viewed as the most intelligent player
in the NFL. And so, when you think about someone like Michael Vick, or Mark Sanchez or Tony
Romo. Three players that got a lot of grief during their career. The fact that they were
even on the field. Tells you something about them. These are people with a level of intelligence
that this. That should be looked at in the same way that we looked at it look at a great
investment banker or a great scientist. What they're doing is incredibly difficult. Despite
this we say two players who rate a college football scholarship have a fallback plan,
major in business, major in engineering, major in English. You've got to have something if
you don't make it all the way to the NFL. Well, I again reject that. I say that if you
rate a college football scholarship you should major in college football. I wish there were
major like that I wish people would acknowledge what they do with others. Because let's remember
we don't knock someone for majoring in business even though a smaller percentage of business
majors arguably then called football players will ever work for Goldman Sachs or Morgan
Stanley. We don't make fun of English and journalism majors for majoring in that even
though a tiny percentage will ever even see the inside of the New York Times or publish
a book that anyone reads. We don't make fun of engineering majors for focusing on that
even though most will never work for Bechtel, or Qualcomm, or ExxonMobil. But if you're
that good to rate a scenario whereby someone's going to pay enormous sums of money to have
you. At the school we say oh, don't concentrate on football. Focus on all these other things
that you should be doing well. So, I ask the question once again, what's going to help
you more? If you make the league, okay, it's obvious. You're going to earn much more money
than the average college graduate that's a given. But even if you don't what's more valuable
the time you spent playing under Nick Sabin on the end of the bench or getting an A in
English class. If you're playing for Stanford and you have no chance of making the NFL but
you focus on film study and get an interception in a game against Cal. Is that going to employee
more easily than a good grade in a business? Because remember who is supporting these teams
that some of the most successful people. Some of the school's most successful alums. Yet
we tell the people who major focus on football that they're wasting their time. I find that
odd just from a getting a job standpoint but I think it's also very much a dated concept.
It's dated because if you love football you can increasingly make that your life's pursuit
even if you don't make the NFL which describes the vast majority of people who ever play
college football. Think about it when Bill Belichick became an NFL assistant back in
the 1970s out of Ohio Wesleyan. That was an unpaid position. Most NFL assistants... Not
to mention NFL players had to have a side gig. It didn't pay very well. Fast-forward
today that we live in a different world. Nowadays the budget for assistant coaches at Boise
State University hardly a major university in terms of football, is 2.1 million a year.
Notable here's that NFL assistance 2.1 million is nothing. Lots of NFL assistants earned
in that range nowadays. If you look at the Southeastern Conference, the best conference
for college football in the US, the average assistant salary in the SEC is $400,000. The
defensive coordinator at LSU last year at the end of the season signed four-year contract
worth 10 million dollars. Again, think about this when Bill Belichick got into NFL assistant
coaching there was no pay at all. Alabama's strength coach earns five hundred thousand
dollars a year. He used to be the highest-paid but now it's IOA strength coach here in six
hundred thousand that number is consistently being bit up. College football's not enough
for you. Let's look at high school. And the Dallas suburbs alone there are three different
high school stadiums that cost over fifty million dollars. Do you want to guess what
those high school coaches are being paid? Let's look at Houston. The Houston Metroplex
there are 14 high school football coaches in Houston who earn over $100,000 a year.
In the state of Georgia alone there are 16 high school football coaches that are in over
a hundred thousand a year. The numbers keep going up in a prosperous world in which people
have more and more resources more and more interest in being entertained. The ways in
which you can make money and football continue to explode. And so, we don't mock someone
for focusing all their energies on business or engineer and nothing wrong with that. But
why would we question someone who says I love football uncontrollably and I want to make
that a life. Thank goodness we live in a world where you can increasingly make your life
something about sports. Bob Dougherty as a son who is a talented basketball player. As
Bob pointed out to me today is he pays a coach he earns in the six figures teaching
kids how to better their game right here in San Diego alone. This is the future.
Now looking at this and in a bigger picture beyond sports. In the 1970s, there was no
Department of Labor classification for the job of a chef. If he became a chef in the
1970s you're an object of pity. As Wolfgang Puck put it if he chose being a chef back
then you were seen as having doing a last resort job. No one took you seriously. Danny
Meyer went to Trinity College, graduated, got into sales in New York after college,
made a lot of money. Who was about to go to law school that's what people did. His uncle
said why you love food. Why aren't you getting into restaurants. And so, he took a very low
paying job at a restaurant so that he could learn the business and he started telling
people yeah, I'm getting in the restaurant business. People looked at him like he had
one eyebrow. Then they looked down they got very uncomfortable what are you doing? What
happened to you? Well as Wolfgang Puck puts it nowadays people choose being a chef as
just an alternative to being a lawyer or doctor. This is the world we live in. In a world of
prosperity, more and more people divide up what they do on a daily basis they eat out
at lunch breakfast and dinner. And as a result, becoming a chef is just a normal path in life.
If you have a passion for food you can make a career out of it and no one looks askance
at you. Can you imagine how many Sommeliers wine experts there were who made a living
at it 30, 40 years ago that's increasingly a career today. Danny Meyer quite literally
pays people at his restaurants to focus solely on designing coffee drinks for the guests.
It's a beautiful world we live in and again it gets better and better all the time.
If you look at orchestras, in 1900 if you were born loving, playing the violin. Great.
And you might even get to play for the public but that was hardly a full-time job at the
robber baron era created a scenario whereby more and more money was being directed in
orchestras. Nowadays if you loved playing the oboe or the violin you can make a lifelong
career out of it. Your salary will be in the six figures, you'll travel the world, you
have ten weeks of vacation. This is what we get in the world we're living in so different
from the past. And when you think about all this it's happening in sports right now. If
you leave Clemson and this describes most major colleges try to go to the NFL early
or try to do something else and you don't make it. Clemson so desperate to get you.
That it's it is made it clear that if it doesn't work out you're free to come back whenever
you want and complete your degree. That's going to be increasingly the case for all
college majors as a way of luring people. We want you to thrive in so many ways and
so we'll give you the option to go out and try something and then go come back and do
it. The main thing is that as prosperity explodes the range of ways to express your
talents grows all the time. And many people hear about this and they ask about robots.
Well, aren't robots going to put us out of work? Aren't they going to destroy all these
jobs in such a way that the opportunity is actually going to be slim in the future. In
fact, robots will be the greatest job creators ever, precisely because they're going to be
the greatest job destroyers ever. You want robots to erase all the bad stuff and that's
what they do. They erase all the work that is back-breaking and mind-numbing and repetitive.
And in doing so they free us up to once to specialize to pursue that which makes us great.
Would any of us shown Wi-Fi, or a computer or a smartphone? Obviously not. All three
make us more efficient, enhance our productivity. And think about what automation will do for
us. They're going to erase all the work that slows us down that's repetitive that
we hate. And in doing so they're going to make businesses much more productive. What
this means particularly for the young people, get ready for this, get ready for Wednesday's
to be Thursdays because Fridays are going to be a day off and the world we're heading
toward. The five-day work week is going to be historical relic and it's happening
fast. The result of this what this means is that with a four-day work week, more and more
people are going to be looking for ways to be entertained. And in a world of people with
lots of money productive people desperate for entertainment. The range of ways in which
you can earn a living is going to explode. As it stands right now you can make a lucrative
living off of your shopping habits. It's called an influencer. Who on earth ever heard of
influencer but that's the world we live in today. So many people with so much money that
you can literally make a job out of photographing where you're shopping and what you're buying.
When you think of it in terms of sports, think about a future in which people have more than
three days a week to pursue leisure activities. What that's going to mean for those of us
who want to entertain those people through sports, through acting, through plays. The
way in which will earn a living in the future thanks to robots erasing all the bad work
is going to lead to a Productivity explosion that's going to free more and more people
to pursue a specialty that's going to elevate them. Simply put with wealth exploding sold
the demand for entertainment and expertise increased. This is going to be brilliant for
everyone simply because we're not going to be limited to the old forms of work. Most
instances had nothing to do with what elevates our unique skills.
Now this book doesn't get too much into policy. But I simply make the point in it that if
you want this world to happen more quickly you want is limited of a government from a
spending perspective as possible. I say this is someone who has no time for either political
party. Because the more that we get to keep, the more that we get to invest, the more that
we get to express our needs in the in the marketplace. Isn't it odd that we live in
a world today in which people who work 30 hours a week as a dog walker earning the six
figures. But that's what we get with people having more and more money they can express
needs that they never had before. Not to mention that people can create different services
for people that people never imagined that they needed or wanted. And so, you want government
spending as little as possible just so that there's of much venture buying, reaching really
going into the marketplace as possible but also as much investment as possible.
Thinking about free trade is very simple. With free trade all that means is that you
are able to specialize. That's all it is and when you can specialize, when you can divide
up work with the rest of the world that enables you to do narrow or narrow or things and focus
on what makes you an expert. And when you're able to be an expert you're able to earn a
lot more money and be a lot more productive. And so free market does help this simply be
as in a prosperous society we get to. Again, there's a lot more investment chasing different
advances in with that investment so does opportunity grow. Simply put you don't hate your job
and you don't hate Sundays and Mondays. What you hate is a lack of [unclear 35:08]. Because
when investment is abundant there are more and more ways of working that didn't exist
in the past. And with that you have the chance of combining what you're good at and making
it into a profession. Now in August of 2015, 12,000 screaming fans
packed into Madison Square Garden. Now is this for a basketball game, or a hockey game
or a boxing match. In fact, it was for the League of Legends Championship. Game between
counter logic gaming and team Solomid. What on earth is this? Oh, in fact we live in a
world today in which if you love video games that can now be a profession. Video gaming
in this advanced world of ours is now a lifelong pursuit if that's what you're into. Video
gamers, the best to earn and the millions of dollars a year for pursuing was something
that long-ago people said that's what kids do who are not focused on the right things.
So big is this. I mean we're talking a sport, watching people play video games that more
people do this then they then go to mlb.com and nba.com. This is exploding right before
our eyes. People watching, people play video games.
Now think about what that means more broadly as we go to the four-day work week that are
going to be leagues and concepts like this exploding all around us as again people get
to specialize in what they're good at. To show you how lucrative this has become, there
is now a new job classification. In the future especially, young people know people who are
video game coaches. Video game coaches now earned 30, 40, 50 thousand dollars a year.
For coaching people how to play video games, if one of us the older people in this room
would remember Atari in the 1970 if he if you had said to someone that I'm going to
be a professional video gamer, they would have had you committed. Well, now it's reality.
Robert Morris now offers scholarships to video game players because it has a video game team.
University of Washington is mean about doing the same thing. It's kind of separate but Emerson
University in Boston now has a degree in comedy that you can get. The range of work
is exploding before our eyes. And again, there are dog walkers who earn in the six figures.
There are diet consultants but they consult people on creating diets for their family
pet. That are again video game coaches and their caddies who are so rich that they actually
have their own golf caddies, that they have their own charitable foundations. And then
I will add there are car wash attendants in North Korea.
Now I bring North Korea up because it's a reminder of the basic thesis of this book.
As the economy grows the range of work grows with it. No one in this room wants to be
a carwash attendant but there's been a slight, slight liberalization in North Korea. And
with that there's now car washes. And there's a need for people to work at those car washes.
Think about what that means in the developed world like ours. The more that the economy
grows the more job classifications there are. And with that the greater odds that everyone
here gets to wake up on Monday and think I can't wait to get to work. Well, we will have
the option of working three and four days in the not-too-distant future. Many of you
will choose to work six and seven just because you'll love so much that you do. And that's
the whole point about this. The end of work is not the end of work. It's just the end
of work of doing things that we can't stand that we do just because we have to because
we need to earn a living. And so that's the main point in my book is
that it's incumbent upon all of you to find what makes you happy. To go out and fall in
love because if you do that you will never work again. And the beauty of it is you can
do it in the world we live in today. Thank you very much.
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