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Jan 25th
A lot of tech companies often start out with the most humble of beginnings – in this case: Google. Now standing as one of the most powerful companies in the world, their journey has been chronicled since the conception of “Backrub” – the first search engine for the world wide web.
The interactive infographic you’re about to see sheds some light into the world of Sergey Brinn and Larry Page’s brainchild we’ve all come to know, love, and respect.
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Dec 10th
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Sep 5th
A hundred and fifty years ago, adults were incensed about child labor. Low-wage kids were taking jobs away from hard-working adults.
Sure, there was some moral outrage at seven-year olds losing fingers and being abused at work, but the economic rationale was paramount. Factory owners insisted that losing child workers would be catastrophic to their industries and fought hard to keep the kids at work–they said they couldn’t afford to hire adults. It wasn’t until 1918 that nationwide compulsory education was in place.
Part of the rationale to sell this major transformation to industrialists was that educated kids would actually become more compliant and productive workers. Our current system of teaching kids to sit in straight rows and obey instructions isn’t a coincidence–it was an investment in our economic future. The plan: trade short-term child labor wages for longer-term productivity by giving kids a head start in doing what they’re told.
Large-scale education was never about teaching kids or creating scholars. It was invented to churn out adults who worked well within the system.
Of course, it worked. Several generations of productive, fully employed workers followed. But now?
Nobel-prize winning economist Michael Spence makes this really clear: there are tradable jobs (making things that could be made somewhere else, like building cars, designing chairs and answering the phone) and non-tradable jobs (like mowing the lawn or cooking burgers). Is there any question that the first kind of job is worth keeping in our economy?
Alas, Spence reports that from 1990 to 2008, the US economy added only 600,000 tradable jobs.
If you do a job where someone tells you exactly what to do, they will find someone cheaper than you to do it. And yet our schools are churning out kids who are stuck looking for jobs where the boss tells them exactly what to do.
Do you see the disconnect here? Every year, we churn out millions of of workers who are trained to do 1925 labor.
The bargain (take kids out of work so we can teach them to become better factory workers) has set us on a race to the bottom. Some argue we ought to become the cheaper, easier country for sourcing cheap, compliant workers who do what they’re told. We will lose that race whether we win it or not. The bottom is not a good place to be, even if you’re capable of getting there.
As we get ready for the 93rd year of universal public education, here’s the question every parent and taxpayer needs to wrestle with: Are we going to applaud, push or even permit our schools (including most of the private ones) to continue the safe but ultimately doomed strategy of churning out predictable, testable and mediocre factory-workers?
As long as we embrace (or even accept) standardized testing, fear of science, little attempt at teaching leadership and most of all, the bureaucratic imperative to turn education into a factory itself, we’re in big trouble.
The post-industrial revolution is here. Do you care enough to teach your kids to take advantage of it?
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Aug 14th
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Jul 7th
Going back to school is a tough decision to make. You must consider how it will affect your life as well as the cost of tuition and other factors that may change. If you’re looking to get ahead and run your own business, going back to school is going to help you do that. Here are several ways that returning to school will help you run a business.
Going back to school is going to be a great opportunity to learn new things that will help you in every area of business. You will be able to learn about economics and business through the classes you choose to take. You can join classes such as a mergers and acquisitions class, which will expand your knowledge of large businesses, or you can take simple business classes to learn about small businesses. Taking classes to learn about every type of business is recommended.
Not only will you be able to learn about the business side of it all, but you will also be able to take classes to expand your knowledge on the type of business you are going into. For example, if you are planning on running a photography studio, you may want to take photography classes so you not only gain knowledge on how to run your studio, but also improve your talents to become more successful.
There are plenty of classes you can take that will help your business run better if you are more talented at what you do.
If you go back to school, you may not want to run your own business right away, but become experienced first instead. You will also be able to find a job you can do while in school if you need to quit your current one to attend school. Through your school’s career service office, you may find a job that works around your schedule and possibly one where you can gain experience in the field you are looking into and also build your personal brand.
When you approach graduation, you may find job openings in your field because businesses will be looking for college graduates to hire.
In college, you will have connections to so many people. People that work in your area of interest may attend college-sponsored events. You will want to take advantage of this and talk to them. You will also be able to talk to a career advisor that will help you accomplish your career goals by providing you with information and advice.
All of these are great reasons to go back to school. Going back to school is going to help you become more successful at running your own business because you will expand your knowledge not only by taking classes, but with the connections you have to other people. These people can help you make important career decisions and college is going to be a great experience. How has school assisted in running your business?
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Jun 29th
Law schools continue to get rich off a myth. The myth that anyone can go to law school, pass the bar exam, make $180,000 a year, and live the high life. Today BusinessInsider posted a great infographic on the topic.

While the law school marketing departments keep on propagating this myth for the sake of profit, the truth is that each year there are less and less lawyer jobs at the big firms that pay those fat $180,000 salaries. Many law school students are lucky to get a job in law at all, and most of the 50% or so that do after graduating, are having to opt for “in-sourcing” positions or low paying temp jobs (Source: Wall St. Journal) that provide zero security.
At BusinessPundit, we have nothing against capitalism, and the law schools have a business to run. But in this case, the consequences are devastating. According to the New York Times, some law school students are graduating with over $200,000 in debt, all based on a false promise. That’s a lifetime of debt servitude in the making.
We don’t expect the law schools to stop their marketing, but we think it’s time to help get the message out about the true nature of the legal profession. We hope this infographic helps make prospective law school students aware of the huge risk they are taking on when they choose to go to law school and assume massive debt despite the increasingly poor job market for high paying lawyer jobs.
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May 6th
Perhaps we could endeavor to teach our future the following:
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Apr 18th
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