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Blast From the Past

Everything becomes obsolete eventually. That's why looking back at the past can help you predict the future.

This story appears in the November 2007 issue of Entrepreneur. Subscribe »

In 1969, I graduated from the U.S. Merchant Marine Academy and was offered two jobs. I took the job paying $47,000 a year and turned down one paying $75,000 a year because it required me to join a labor union. I'm not against labor unions. I am against being obsolete due to obsolete ideas. As entrepreneurs, we need to stop looking at employees from an Industrial Age point of view. In the Industrial Age, employees were rewarded for things like seniority. In the Information Age, seniority is death via obsolescence. In the Industrial Age, a senior employee had more experience. In the Information Age, experience can be a liability.

 

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