Posts

No Degree - Growing Social Status

Puzzling that influential work network LinkedIn retains a slot in your profile for where you got your degree.  This is at a time when not getting a degree carries increasing social status. And social status, as Toby Stuart hammers in "Anointed," is what keeps opening doors to opportunity. Once society "anoints" you as worth chasing after, your prospects are golden. Back to no-degree. Well known is that OpenAI co-founder Sam Altman doesn't have a degree and that billionaire Peter Thiel pays you not to get one ( Thiel Fellowship ). Look at how far Jeffrey Epstein got without a degree and how he duped all those Ivy graduates, ranging from Larry Summers to Leon Botstein. The objective of the LinkedIn alma mater identity is probably so that you can loop in with other alumni for help in getting, holding and moving on to better work. But the reality is that those alumni might themselves have become powerless to aid. They have been unemployed. Knowledge workers are lo...

BoomerVille: Are We Heading Back to a Black Monday 1987?

  Dow Jones Industrial Average INDEXDJX: .DJI 46,553.24 −440.02  (0.94%) today Mar 18, 12:41 PM EDT  •  Disclaimer UPDATE: Dow Jones Industrial Average Index Index: DJI Compare 46,389.44 USD ▼  -603.82 (-1.28%) today March 18, 3:06 PM EDT  ·  Market Open

Not Drinking to That: It's the Price

In business, we learn the most from our clients. And clients have been telling me that they halted the pleasure of having a few drinks and maybe a bottle of good wine with dinner because of the cost. Not health reasons and not because they're aging, as The New York Times reports about what's primarily driving the collapse of restaurants. And the cost factor is confirmed in the comments to the Times article. One comment reads, that with drinks ordered: "A $50 dinner become $85" In a niche in which 60% of revenue comes from serving drinks, as people drink less that sector will face hard times. Predictably some restaurants will have to shut down. Some already had. Okay, Gallup documents that 54% of those surveyed indicate they do not consume alcohol. That still leaves a lot who could be enjoying drinks with a special meal out. Another okay, the health warnings. But forbidden fruit has never deterred the human species, dating way back to Adam and Eve in the Garden of Ede...

Higher Education and Ideology - It Was Always There, But Now Might Be Like Debating How to Construct Deck Chairs for Titanic

  The New York Times , which leans liberal, details how teaching in higher education has become constrained by Trump administration policies. For example, professors have to think through the layers of interpretation and opinion they embed in the instruction. And, as some of the comments following the article hammer, maybe that's a good thing.  Anyone who has succeeded as a student in the educational system - or even survived - knows that there was always heavyweight ideology. Rarely pure presentation of material. Ironically that's confirmed in the article by former professor of the history of healthcare at Emory Dr. Kylie Smith. She laments that in this new era:  "There have been times in class where they have asked me hard questions, and I would normally get up on my soapbox ..." Getting up on a soapbox? That should never have been. But it was.  We students had to put up with it, actually feed that point of view back in blue-books exams and papers. A good grade fre...

Matteo Godi - Anatomy of a Career Journey in an Era of "You Don't Know"

Four years and seven months is a long time to be a junior lawyer in Big Law. Careers can start creeping toward the phenomenon of "aging out" in that  up-or-out system.  In coaching I have guided others who lasted longer in Big Law but eventually had to reset. For all, the experience was emotionally wrenching. Most created their own small law firm. Universally they regretted "hanging on" in hopes of partnership instead of "taking care of themselves" before they were overqualified for myriad other options.  Well, last July, litigation associate at Paul, Weiss Matteo Godi, after hitting that time situation, moved on to academia. As his LinkedIn profile details he is an assistant professor at the USC Gould School of Law. From my own experience in academia that career path can also be up-or-out. Lots of junior members are hired at elite institutions of higher education and lots disappear.  But even before the possible challenge of "aging out" Godi...

Career Ambition: 5 Swerves Since Epstein Files

Fortune  documents: Ambition has been changing a lot. For example, what seems like it might be in decline - women like Maly Bernstein are accepting lesser titles - is really just going for bigger future payback.  But there have been other big swerves in career ambition which seem triggered by what had tumbled out from the Epstein files. An intuitive coach and tarot reader, I have observed 5, at least.   Self-forgiveness. Obviously, the competition doesn't happen on a level playing field. Those who already have access to the wealthy, powerful and influential keep gaining more and more access. That's their edge. In addition, they position and package their offspring to also pass smoothly through those gold-plated doors. Smirk, so much for the party line in America how far intelligence, hard work and, yes, a good education will get you.  So, you can let up on beating yourself up for not achieving more. Actually chip-on-his-shoulder late mayor of Providence, Rhode I...

NYC Starter Jobs Down 37% - Maybe Try Your Young Dreams Somewhere Else

My mother cried when she visited me in the firetrap where I was bunking in New York City. For me, a starter writer, it was heavenly austerity. I gloried in having to skip meals.  And, like so many creatives back then I did make it, at least according to the adjusted metrics for success for those in the arts. We got it that we would never be Wall Street material. That career held up for 40+ years. Then there was severe glut with a side dish of burnout. Then AI.  Currently, as a career coach, I dash the dreams of the youth (and talk straight to their parents) considering heading out to New York City to launch a career. Bloomberg seconded that today. It documented that in the past few years starter jobs had plunged 37%.  Meanwhile, there are fewer firetraps to bunk in. The average rent for a studio apartment is $3,630. Since surrounding areas have gentrified there really is nowhere to pursue a life of poverty-with-a-purpose.  The direction I recommend is to explore opp...