Seems like now that information is pretty much distributed throughout most of the developed world, information is becoming less and less valueable, and what is now making people rich is their ability to make sense of the information. Does anyone know if Marshall McCluen or the like have predicted this age, where your cognitive ability is what gives you the competitive edge? Its happened in history with the elite, but now it seems to be overtaking society. Just being a “repository of knowledge” or having some specific skill based on a set of instructions seems to be a less desireable employee characteristic. Its the ability to put “Chocolate and peanut butter” together that, in my humble opinion, will soon be a minimum requirement for employment and / or financial success. (This is evidenced on the corporate level by Google, and on a person by person level with the increase in numbers of the “self employed” or “consultants”).
I would be very interested to hear from other dopers on this trend. If its the case, we need to completely revamp our educational system, pretty much removing “memorization” and focussing more on problem solving, particularly outside the area of Math and Science type courses.
We would also need to apply this kind of thinking to the investment community, to predict which businesses and industries will continue to grow and which will likely wind down.