Jul 31, 2020
"Companies will figure out that it's better for employees to work from home. People are most productive outside of office hours. People have family stuff to take care of. Offices have sick people coming in for no reason and getting everyone else sick."
Today's episode is an interview Naresh did with Deb Krier on The Business Power Hour back in 2017. The two delve into the digital evolution of corporatism, self driving cars contribution to the digital economy, digital disruptions to various industries, and more.
Quotables:
"For those in the corporate world who have to show up to the
office and go to meetings, those companies and people are in for a
real awakening. The next recession will give the corporatists the
excuse to cut costs and deadweight. It's a huge waste of money to
pay all these perks and benefits when they can outsource for a
lower cost and higher return. The next recession will give
companies an excuse to get rid of full-time employees and to shift
their business models."
"Companies will figure out that it's better for employees to work
from home. People are most productive outside of office hours.
People have family stuff to take care of. Offices have sick people
coming in for no reason and getting everyone else sick."
"Working remotely efficiently and effectively is going to
become a skill-set that employers and clients are looking for. It
saves a lot of money for the company. It shows you're focused and
self-motivated. They're qualities you want to
have."
"The digitization is an opportunity for entrepreneurs and
independent consultants to be innovative."
"Most politicians don't understand this because they don't run
their own businesses, and the ones who do, like Trump and Romney,
they come from the 20th century where they have huge staff. They
don't understand the reason why jobs are dwindling. There are
easier, more efficient digital solutions to run
businesses."
"Technology is making it easier to do things. It's going to
continue to move this way."
"The medical industry is about to have some major changes and
overhaul. Insurance: same thing. The legal industry has already
gotten disrupted and is ripe for more disruption. Technology
streamlines the legal process to prevent lawyers from milking
clients. Residential and commercial real estate, auto
maintenance... all industries are going through a
transformation."
"People won't like change. There's going to be initial pain and
resistance. But the human mind is really good at
adapting."
Website:
Featured Photo by Joshua Sortino on Unsplash