Showing posts with label creating jobs. Show all posts
Showing posts with label creating jobs. Show all posts

Wednesday, July 24, 2013

A Blueprint for Increasing the Number of Good Jobs in America

THE PROBLEM
Perhaps 50 to 100 million Americans can't or won't be able to sustainably make a living. The unemployment rate of 7.4% doesn't count the millions who are earning at or near minimum wage or who have given up trying to find work

Most of the fastest-growing jobs require high-level skills (like software developer) or often don't pay a living wage (janitor, retail clerk, caregiver, etc.) And ever more full-time benefited, stable jobs are being replaced by part-time contract gigs, automation, or offshored workers.

The disappearance of full-time good jobs has been accelerating for decades, in part because of the growing gap between the cost of hiring an American full-time compared with getting the work done using the approaches listed in the previous paragraph. When an employer hires an American full-time, s/he must pay, for example, Social Security, family leave (paid leave in CA, planned in others), and growing worker-compensation and wrongful-termination claims. Such claims are likely to accelerate further as people get more desperate. And when ObamaCare kicks in, employers will be required to pay thousands of dollars per 30+ hour-per-week employee every year. A likely result will be that many employers will replace yet more full-time workers with part-timers.

The percentage of people unable to earn a stably sustainable living will likely increase further because, on average, the low-skilled poor have more children and because "comprehensive immigration reform" will legalize 11 million people, many whose skills, education, and English language are insufficient to, ongoing, earn a living wage.

INADEQUATE SOLUTIONS
Education. The most politically palatable and, in theory, sensible solution is education. Alas, at least a half century of concerted, expensive efforts to close the achievement gap have been far from successful. Yes, school achievement has risen slightly among the poor but the abilities and skills required to consistently earn a middle-class income have increased far more. Low-skill agricultural and manufacturing jobs have declined while high-tech and knowledge work have burgeoned.

I believe our best shot at making education the magic pill we wish it would be is to create Dream Homework: a complete set of dream-team-taught online, interactive, lessons, K-12, available online and used by teachers to replace the reviled standard homework. That way, every child, rich or poor, would be taught daily by some of our most transformational teachers. Thus the school day could be devoted mainly to providing the one-on-one support that only a live teacher can provide.

Job retraining. Job retraining is also an inadequate solution. That too has been tried for decades, with staggering costs and staggering lack of success.

Raising the minimum wage. Instinctively, it feels appropriate to raise the minimum wage to a level at which people can live decently. Unfortunately, many people don't add even minimum-wage value to employers. For example, many people learn slowly, are unreliable, alienate coworkers and customers, steal, and/or have serious physical or mental disabilities. Many employers would pay to not hire such people, so their net value to the employer is less than $0! So if the minimum wage were raised to, for example, $15, many more low-skill workers would be unemployed. Employers would think about many employees, "This person doesn't add enough value to my workplace to justify $15 an hour plus all those benefits and risk of employee lawsuit." True, raising the minimum wage to $15 would improve the lives of millions of Americans who are paid less than $15 an hour plus benefits but who are worth at least that. But a "living wage" would also render unemployed millions of would-be workers who add less than $15 an hour of value.

A SET OF APPROACHES MORE LIKELY TO HELP
No one approach will solve this problem. Candidly, I'm not convinced that even implementing all of the following would make those 50-100 million people consistently earning at least $15 an hour plus benefits. But these are my best shots at what would help.

K-16 entrepreneurship education. New businesses create jobs, so teaching students the art and science of entrepreneurship should create jobs while abetting society. Of course, the school curriculum is already packed. So what could entrepreneurship education replace? Replacing one or two days a week of physical education with entrepreneurship education might offer the best tradeoff. 


That said,, unlike entrepreneurs of previous generations, those who create websites, software, etc, create few jobs: A few geniuses are needed to create the first product. Then unlike traditional manufacturing, it's reproduced and distributed electronically, no people required. Yeah, a few marketers etc. are needed but no major increase in employment, especially for those with intellectual, social, and emotional capability below the 90th percentile.

Three-year easing of regulations for new businesses. (suggested to me by Robert Neuwirth.) Many people contemplating starting a business are daunted by the government-imposed costs and regulations. A temporary easing could create more businesses and, in-turn, jobs. 

Taxpayer-funded jobs.  I envision a WPA-like program, in which taxpayers fund an Assistance Army that would, for example, build infrastructure, bring more tutors to K-12 classrooms, provide better in-home support for shut-in seniors, beautify riven inner cities, and fund visual and performing artists to enrich their community. 

Reducing taxes on small business. The public is not aware that America's 30 million non-corporate businesses pay taxes at individual rates. The average top marginal rate for the 23 million sole proprietorships is 47.5 percent, higher even that the rate for the 7.3 million S-corporations of 44.5 percent. That kind of tax rate on top of other employer mandates from Workers Comp to Social Security to ObamaCare provides a major disincentive to hire more workers. 

Nanopayments. Jaron Lanier, in his new book, Who Owns the Future?, argues that much work goes unpaid and could become so. For example, millions of bloggers, tweeters, digital photographers, Amazon review writers, YouTube video uploaders, etc. might be able to make at least sideline income by charging pennies per view, automatically charged to a user's credit card. It's difficult to envision enough of the public being willing to pay even a penny for what they currently get for free but the benefit of such a system would be so great that I believe it's worth a societal effort to try to make nanopayments the norm. A smaller version of this already exists on Amazon's Mechanical Turk, and for $50-100 projects on taskrabbit.com, and for $100 to $1000 projects on standard freelancer sites such as freelancer.com, odesk.com, 99designs.comand elance.com.

Encourage the share economy. Websites are helping people make money by sharing what they already own: their home (AirBnB, car (RelayRides, getaround, zipcar, Uber) and money, for example, Kickstarter.

Get the public to embrace patchwork careers. Of course, full-time, stable jobs offer advantages: Many people like having a routine, a regular place to go to work, a job they can grow comfortable in, coworkers that become friends, whom they pass the years with. Alas, such stability may be impossible for many of those 50 to 100 million people and perhaps for many others. 

Many people so dislike the idea of earning their living from multiple part-time, low-pay, often temporary jobs that they'd rather be unemployed. Other people are daunted at having to look for multiple jobs, perhaps frequently. Those are legitimate concerns but patchwork careers do have advantages, for example, variety, flexible schedule, and more learning opportunities. Perhaps a campaign of public-service announcements, a la the anti-smoking and anti-drug-abuse initiatives, might convince more people to pursue a patchwork career.

Get the public to learn to live on less. As said earlier, I fear that all of the above will only partially address the problem. So I believe the public needs to realize that The American Way--trying to spend your way to happiness--may be not only unrealistic but unwise if not a downright fool's game. Beyond the basics, most people find contentment through rewarding work, relationships, and creative outlets, not buying that brand-new car or 20th pair of shoes. 

Dear reader, I welcome your ideas and your reactions to mine.I plan to send a revised version of this to Jaron Lanier in advance of his appearance on my radio program, where we will, on-the-air, brainstorm a plan for increasing the number of good jobs in America.

Saturday, July 21, 2012

What Should Government Do to Create Jobs?

This morning, the CBS-News producer of the show I'll appear on tomorrow emailed me. He asked, "Is it okay if the host asks you, "What should government do to create jobs?"

HERE was my response:


Monday, October 24, 2011

Create Jobs: Replace Geometry with Entrepreneurship

I'm writing a series called "What's the Big Idea?" for the Washington Post.

It will offer fresh solutions for big problems. The first is a way to create jobs: Replace Geometry with Entrepreneurship.

If you'd like to comment on it, you'll get more readers if you write your comment on that Washington Post page and then copy and paste it onto this blog.

Wednesday, September 14, 2011

Why the Obama Jobs Plan Won't Work...and What Would

Today, creating jobs is Job One, and I worry that the Obama Jobs Plan will fail. Here are reasons why:
  • Both sides of the aisle advocate extending 99-week employment checks to more people, on the belief that redistributing money to people likely to spend rather than save it, will thereby create jobs. Alas, that has a serious side effect. Nearly all of my unemployed clients, in the confidentiality of my office, admit that each time there's an extension in unemployment, they feel less pressure to look for a job. They're just sitting around.
  • We've already tried a trillion-dollar stimulus and it created few jobs. It's oft been lamented, "The job stimulus didn't stimulate and those shovel-ready jobs weren't." That doesn't inspire sufficient confidence that it's worth spending hundreds of billions more of our money on another round of "stimulus."
  • Funding jobs with taxpayer dollars means taking money from the taxpayers (those most likely to use money to create jobs) and redistributing it to those least likely to.
  • Once any government-stimulus-spending-created jobs are completed, continuing taxpayer-funded money will be required to keep the recipients employed.
  • Many of the infrastructure jobs are make-work. For example, when politicians say spending will be on roads, they don't say they'll be building roads, which would relieve congestion. Radical environmentalists are making that nearly impossible. Instead, the road money heavily goes to repaving existing roads. I don't know what's going on nationwide, but where I'm driving, I'm seeing the repaving work that is funded by the previous round of taxpayer-funded stimulus, and those roads really don't need paving, certainly not enough to justify the cost to us the taxpayer. The main result is that I'm forced to sit in more traffic because of the repaving work going on, and which seems to take far longer than it should.
A Better Jobs Plan
(Regular readers of this blog will recognize two of the following three ideas. I apologize to you, but in light of the currency of the Obama Jobs Plan/Act, I wanted to present these ideas within that context.)

I believe that just the following three ideas would create millions of enduring, pro-social, offshore-resistant jobs.

Entrepreneurship Nation
Both sides of the aisle agree that government stimulus spending, at best, is a jump-start., that permanent job creation must come from the private sector. Most people also agree that entrepreneurs, while providing better, faster, cheaper goods and services, also create jobs.

So why not replace just a fraction of our arcana-larded K-16 curriculum with entrepreneurship education? For example, most high school students spend many hours deriving geometric theorems, balancing chemical equations, memorizing historical facts, and untangling the intricacies of Shakespeare. Could it be reasonably be argued that those are more important for all students than learning how to start an ethical yet successful business?

While some entrepreneurs are born not made, much is learnable, especially if taught not by ivory-tower academics but by successful, ethical businesspeople. I imagine that many, especially the retired, would be willing to do that even as a volunteer.

America Assists
It's widely agreed that buying non-essential "stuff" is unlikely to lead to happiness. Don't we all know people who live in an impressive home, who replace their good used car with a new one, go on costly vacations, and buy lots of la-di-dah clothes and jewelry, yet after a brief "shopper's high," aren't that much happier, let alone more kind? Yet we seem to be addicted to trying to shop our way into bliss.

But what if the government launched a public service campaign like its successful anti-smoking campaign to encourage the public to replace some of its buying of "stuff" with buying of services that hold greater promise of improving their quality of life. For example, hire a part-time:
assistant to:
  • help care for your newborn
  • a homework helper for your older child
  • a personal assistant to do errands, laundry, wait for the repairperson, etc.
  • a personal geek to teach you the technology you're afraid of
  • a health care system advocate to help you get the care you need, affordably, in our labyrinthine, scary system
  • a companion for your aging relative
Each of those jobs promise to significantly improve the life of the hirer and family. And the employee, piecing together a few such part-time jobs can make a reasonable living doing work that's unquestionably beneficial and ethical. Importantly, most of those jobs require only a modest skill set. Even many high school dropouts could likely find one such job they could do well enough.

How would hirers and employees match up? Just as they do for other jobs: hirers would place ads, for example, on Craigslist. If hirers want a professional to do the screening and payroll, they could turn to employment agencies. That would create yet more jobs.

Crowd-funded businesses. Today, it's very difficult for new businesss to obtain funding because banks are reluctant to invest in unproven entrepreneurs and because of massive government regulations. I'd waive those regulations for new businesses seeking up to $50,000, thereby allowing them to solicit financing on what I call crowd-financing websites. Potential investors could visit the site, read thorough various start-ups' prospectuses, and invest as little or as much as they wanted, from $1 to the maximum the new business wants up to the aforementioned $50,000.

Dear readers, as always, your comments are welcome.

Friday, July 29, 2011

Reinventions: My best ideas on jobs, education, health care, and campaign reform

I hope to write a book, Reinventions, consisting of my ideas for reinventing 30 of society's linchpins.

My agent suggested I first write an article presenting a few of my best ideas. I've done so and thought you might enjoy seeing the article. HERE is the link.

Monday, July 25, 2011

A More Potent Approach to Creating Jobs

At the risk of hubris, I believe that my two-plank plan for creating jobs is far more potent than what's being proposed by others. I've written about this previously, for example, HERE and HERE, but perhaps it will be more compelling if I verbally explain it:

Saturday, April 23, 2011

The Stump Speech I'd Give if I Were Running for President

I'm not delusional enough to run for president, but drafting what would be my stump speech helps me refine and articulate my ideas on how to improve America. HERE is the text of that speech.

HERE is the link to my delivering that speech on my NPR-San Francisco radio show. Scroll down to the 05/08 show, labeled "stump speech." The speech is the first 20 minutes. Then I invited callers, the first one was supportive, then some assaults, and last, a good question.

Saturday, February 5, 2011

What I'd Say to the United Nations

If I were to give a talk to the United Nations in light of the coming regime change in Egypt, here is what I would say:

The lack of well-paying jobs, especially in countries that are subject to political and religious extremism, for example, Egypt, will result in continued increases in terrorism.

Those increases will engender ever greater risk of worldwide cataclysm as weapons of mass destruction become ever more miniaturized.

Think, for example, what would happen if a terrorist released a vial of highly communicable deadly smallpox in an international airport check-in area. (That's before the TSA screening.) Or a terrorist in one of the millions of trucks that visit crowded downtowns detonated a suitcase- or larger nuclear or radiologic device.

The solutions are:
1. We must talk with terrorist organizations. Engagement has a better risk/reward ratio than vilification. More important,
2. We must be far smarter in how we spend our money. We currently spend fortunes far in excess of their likely benefit on, for example, military adventurism, stopping airline shoe bombers, space exploration, politically popular social programs known not to work, and dubious schemes to try to cool the planet.

We must redirect that spending to efforts far more likely to improve humankind, for example:
  • teaching entrepreneurship (the key to creating jobs)
  • encouraging an Assistance Army, in which people are encouraged to hire assistants: new-parent helpers, parenting coaches, homework helpers, personal assistants, companions for the elderly, etc.
  • decreasing people's belief in materialism. There will no doubt be times when there are not enough well-paying jobs to go around. People need to realize that materialism, even the holding of private property, is not key to the life well-led. In the end, kindness, productivity, and simple pleasures are more central.
  • the primacy of ethics. Regarding the latter, everyone must be taught again and again, through adults' actions as well as their words, that all of us must consider, before undertaking any action, what's best, not just for us, but for humankind.
Even as I write this, I worry that perhaps I'm overestimating the potential for the full range of humankind to behave according to universal wisdom. After all, I must admit that typically, my behavior is altruistic only as long as it doesn't hurt me. Too often, I forgo the unpleasant altruistic act. Occasionally, my behavior is even mildly malevolent, as when I sneer at a driver who's driving only at the speed limit unlike my usual 10 mph over.

But I prefer to err on the side of optimism. So I would like to close by stipulating to my proposed solutions being very difficult to implement although perhaps not as difficult as the effort to cool the planet. But I believe the results, even if imperfect, would do more to improve the lives of humankind than anything else, yes, anything else. Certainly, my plan is far better than what we're currently doing. Should we begin?

Friday, December 3, 2010

My Top Ten Ways to Improve the World

#10. Radical election reform: Replace bought politicians with wisely selected ones. I'm undecided between two approaches:

1. All campaigns would be two to three weeks long, 100% publicly funded, and consisting only of a neutral body such as C-Span or Consumer Reports posting the candidates' voting records and positions on key issues, plus a broadcast debate followed by a simulation of the candidates running a meeting.


2. Our government officials would be selected using passive criteria, like a stock index fund. For example, it might consist of the most newly retired of the nation's 10 largest nonprofits, a randomly selected CEO of the S&P MidCap 400, the Police Officer of America's Cop of the Year, the School Principal of the Year, the most award-winning scientist who finished her/his Ph.D. in the last decade, plus five random citizens.

You protest, "The incumbents would never allow it--the foxes are guarding the hen house." My approach would be to get the media to urge voters to vote against candidates that oppose a fairer electoral system.

#9. Replace ObamaCare with NemkoCare. Patients having (ahem) skin in the game is key to cost control: the invisible hand of 300 million people voting with their feet. So, all but the truly indigent would pay fee-for-service except for catastrophic care, which they'd pay for with private insurance.

To empower consumers to make good decisions, all health care providers would be required to post patient satisfaction rates and success rates for procedures, adjusted by severity of illness.

Caring for the millions of currently minimally cared-for patients will require more doctors, nurse practitioners, etc.
To provide them while improving quality, provider training would be shorter and practical--wrested from the university and provided by master practitioners. Physicians, let alone nurses, do not need a year each of college-level inorganic chemistry, organic chemistry, calculus, and physics. Their training should be provided by the finest clinicians, not by academics, who mainly do research on esoterica.

#8. Replace curricular esoterica with essentials. Kindergarten-through-grad-school curriculum has long been selected primarily by professors, a group that has deliberately opted out of the real world and loves esoterica. Hence today, nearly all high schools students, even those reading on a fifth-grade level, must study the doppelganger, quadratic equations, stoichiometry, the Peloponnesian Wars, etc., even if that means they leave school unable to make change, critique an editorial, resolve conflicts, or prioritize ethics over expediency. Essentials must be prioritized over esoterica.

I'd wrest curriculum choice from the academics and replace them with a diverse panel of people from plumbers to CEOs, nurses to, okay, professors, who have been issued the following mandate: That which is most important for living must be taught and learned before teaching the less important.

#7. Require schools and colleges to post their report card. We require students to receive report cards every few months. We even require tires to have "report cards" molded into their sidewalls.

Well, if education is as important as everyone claims, shouldn't schools and colleges be required to post a report card on themselves? For example, shouldn't they be required to report their students' average annual growth in reading, writing, critical thinking, and mathematical reasoning, compared with national norms for schools with similar student bodies?

Shouldn't colleges additionally be required to post their four-, five-, and six-year graduation rates (disaggregated by high school record and SAT score,) and the actual average total cost of a degree, after financial aid, broken down by family income and assets? Shouldn't all schools and colleges be required to post the results of a student satisfaction survey and a summary of the accreditation visiting team's report?

#6. Replace a nation of variable-quality teachers with online top teachers. The nation has, for example, 30,000 high school math teachers, some magnificent, most not. Why not have ten of the nation's best teachers team-teach courses on video, available on the Internet, with local paraprofessionals or even teachers on site to answer student questions and provide the human touch. That would enable every child, rich and poor, urban and rural, to be taught by a dream team of teachers.

Of course, the reason that hasn't happened is that the teachers' unions have used their mammoth political clout to quash such proposals. Perhaps movies like Waiting for Superman will start to awaken the public that the teachers' unions are children's enemy.

#5. Create an Assistance Army. This would solve the employment crisis while improving America's quality of life. The government should fund a series of public service announcements encouraging people to hire a tutor for their children, personal assistant for themselves, and companion for their elderly relatives. Encouraging that Assistance Army would create millions of ethical, society-improving, widely doable jobs with minimal expenditure of our tax dollars, unlike with government-created jobs.

#4. Replace the media as brainwasher with the media as fair informer. Much wisdom resides left of center but much also exists right of center. Yet, except in the increasingly marginalized Fox News, the largest mindshare, especially among the influential class, is held by liberal media outlets: for example, CNN, New York Times, the TV networks, even Google searches, which on sociopolitical topics, in my experience, generate heavily liberal results, unlike the results of Yahoo! searches, which seem more even-handed.

The media has enormous power to affect our thinking and in turn, public policy. Not long ago, most members of the media felt a near-sacred obligation to present the full range of intelligent views on an issue or candidate. Today, with their professors' encouragement, most journalists consciously or unconsciously manipulate their audience into believing what they believe. And what they believe is overwhelmingly liberal thought because most journalists, like professors, have opted out of the real world and thus have been exposed mainly to the leftist thought hegemonic in universities and especially in prestigious journalism schools. Journalism schools should encourage their students to pull on ropes of restraint and make all efforts to fairly present intelligent perspectives from both right and left of center.

#3. Replace legal advocates with legal fact finders. In our legal system, two advocates devote their considerable intelligence and energy not to getting to the truth but to getting their side to win. That means that the side with the better lawyer has an unfair advantage. I believe that greater justice would be served if, as in the European Court of Justice, along with the judge, the two attorneys were charged with getting to the truth, not advocating, a priori, for one side.

#2. Embrace behavioral genetics. Real solutions to social problems require us to acknowledge that they have both environmental and genetic roots. Just as a VW Bug cannot run like a Ferrari no matter how well tuned-up, a person won't behave intelligently and responsibly unless both genes and environment are sound. Every mother of two or more children knows that each child emerged at birth with a distinctive, enduring personality: No matter how much effort parent and schools make, laconic infants rarely become high-energy, retarded toddlers rarely become intelligent, hyperactive children rarely become laid-back adults.

So we must not reflexively reject genetically oriented approaches to reducing social problems. We tend to viscerally reject such approaches because they evoke comparisons with the horrific Nazis' attempts to create a master race. But there's an infinite difference between the Nazis, who wanted to kill all non-Aryans, and a society that would, for example, attempt to reduce teen pregnancy by making available in schools not only comprehensive sex education but abortion and birth control, including new implantables such as the easily-insertable/removable five-year-lasting Jadelle.

We should even consider, fair-mindedly, the wisdom of funding research that would give parents the uncoerced option, subsidized for the poor, to ensure that their children be born without strikes against them: with high cognitive ability, immunity to cancer, and even perhaps the ability to love.

#1. Legislators must steward our tax dollars as carefully as their own. As every triage medic knows, we must prioritize investing our resources not in those with the greatest deficit but in those with the greatest potential to benefit. Yet we often don't. For example, our hearts reach out to children who are most at-risk, those with the biggest deficit: special education children, inner-city kids, etc. So we've reallocated huge percentages of education spending from the now-eviscerated programs for gifted kids to the lowest achievers. We've spent literally trillions of dollars in a failed attempt to reduce the achievement gap: everything from Early Start to Head Start, No Child Left Behind to dropout prevention, adult literacy to job retraining programs.

Perhaps the most blatant example of poor stewardship of our tax dollars and of our freedoms is that government is making ever more massive efforts to attempt to cool the planet with insufficient analysis of the likely extent of benefit, the opportunity costs, etc. Environmentalism has moved beyond science to religion.

If legislators and policy makers were investing their own money, I predict they'd invest differently.

I welcome your comments.

Monday, December 7, 2009

My Job Stimulus Plan: How to Grow a New Army of Ethical Entrepreneurs

With unemployment and underemployment so high, there's a temptation to provide quick fixes for creating jobs. And those may indeed be necessary for political as well as practical reasons, but the most potent approach requires time.

If President Obama were to ask me for recommendations on how to create jobs, #1 on my list would be to grow a new army of ethical entrepreneurs. In this article, I present the blueprint for doing so.

First, the definition:What is an ethical entrepreneur?An ethical entrepreneur:
  • has the antennae to smell out opportunities for ethical, valuable new products and services that could be provided by a company.
  • the power to persuade the boss, investors, the government, or a nonprofit to invest in the creation and dissemination of the product or service.
  • will only start a business that's profitable when considering the triple bottom line of profits, people, and planet. Additionally, it must be a business that will be profitable even though salespeople are ordered to be scrupulously honest: fully disclosing product weaknesses, delivery dates, and extent of post-sales support, and in which salespeople are required to discourage potential customers from buying if the product is inappropriate for that customer.
Why Creating More Entrepreneurs is Crucial
Only entrepreneurs can create permanent jobs because government can only create jobs to the extent of tax revenues, and those come from businesses. Without entrepreneurs, there are no start-ups. Without intrepreneurs (entrepreneurs who work within a company,) large businesses can, at best, grow slowly: selling more of their product as population increases or as the result of marketing efforts.

Increasing the number of ethical entrepreneurs would increase the chances of millions more Americans making a good living, especially those not academically oriented. Today, so many such people struggle to pay the rent, spend so much time looking for their next job and after landing one, living in fear of getting laid off because of a personality dispute, because it's a project job with a built-in end date, or that their job will be shipped to a low-cost country. Instead, a new army of entrepreneurs will be hiring themselves as their own business's CEO or as intrepreneurs within a company, nonprofit, or the government.

Of course, beyond creating jobs, entrepreneurs benefit us all by creating new services and products: from soap to the steam engine, glass to google, anesthetic to automobiles, the icebox to the iPhone, housekeepers to hospice.

Entrepreneurship can foster not only commercial products and services but help us achieve our larger societal goals. The Kauffman Foundation for Entrepreneurship's core goal is "to unleash young people's ideas around the issues that matter most to society, from poverty reduction to climate change, and to foster a global culture that recognizes entrepreneurs as drivers of economic and social prosperity. "

How do we encourage the development of a new army ethical entrepreneurs?

Primarily by suffusing the K-16 curriculum with ethical entrepreneurship education. From kindergarten through college, the curriculum would include hands-on opportunities to learn ethical entrepreneurship. They would apply principles of budget, finance, persuasion, ethics (See above,) etc., to create small enterprises, guided not only by the teacher, but by inspiring, ethical entrepreneurs and social entrepreneurs. (The latter are people who use sound business methods to create non-profit ventures aimed at improving society.

How could entrepreneurship education be fit into an already packed school day? Lengthen the school day and school year, which brings the additional advantage of ameliorating the nation's child care problem. Also, pare elements of the existing curriculum that are less important than entrepreneurship. Could anyone reasonably argue that it's more important that all students know geometric theorems than learn ethical entrepreneurship? Than deciphering Shakespeare's arcane allusions and vocabulary? The intricacies of the periodic table of chemical elements? All those wars from the Peloponnesian to the War of the Roses? The celebration of multiculturalism to which so much time is devoted in today's curriculum?

The K-16 inclusion of ethical entrepreneurship education should be supplemented by out-of-school activities. In that regard, the U.S. could learn some lessons from abroad. For example, a recent issue of The Economist , reports that "According to the British Enterprise Week’s website, Britain has nearly 3,000 events designed to inspire and educate young and aspiring entrepreneurs, from a workshop on “Growing Your Business” in Ipswich to a “Could You Be A Million Maker?” contest in Blackpool, in which school and college students create their own mini-enterprises."

What about adults? Certainly courses in entrepreneurship, already offered by the Small Business Administration, state employment departments, colleges, and by the private sector should be more publicized and expanded as needed. SCORE, an SBA-program that matches aspiring entrepreneurs with retired executives should be expanded. Ethics are too small a component within most such courses. Ethics, as defined earlier, must be made central.

I believe no initiative has greater potential to create jobs, innovation, and, in turn, improve the world than to grow an army of ethical entrepreneurs, and I believe the above model could make it happen.

 

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