Personal Finance Essentials
The Competencies You Must Master to Remain Viable in the Job Market
The AT&T CEO Warned That Workers Who Don’t Spend 5–10 Hours a Week Learning Will Obsolete Themselves.
Are You One of Them?
The most important thing you can understand about the job market today is this: the degree, certification or set of skills you earn in your twenties will not be enough to carry you through the rest of your working life.
The CEO of AT&T said it plainly: “There is a need to retool yourself, and you should not expect to stop.” He added that people who do not spend five to ten hours a week in online learning “will obsolete themselves.” The then-head of NASA made a similar point when he observed that by the time a student reaches junior year of college, much of what they learned as a freshman is already outdated. The pace of change has only accelerated since those statements were made.
This is not a reason for alarm. It is a reason for a mindset shift. Instead of thinking of education as something you finish, think of it as something you maintain. High-income people consistently spend more on continuing education than lower-income people do – not because they have extra money to burn, but because they understand that staying current is the price of staying relevant. They attend seminars, complete certification courses and pursue ongoing training in their fields throughout their careers.
The key skills that will be most valued by employers are:
Thinking
Creating
Communicating
Managing
Replacing the idea of “getting an education” with the practice of lifelong learning is not just useful. It is the mindset that separates people who remain competitive from those who eventually find themselves with outdated skills and narrowing options.
