The Work From Home Show S1Ep61: How to Prepare for the Online & Digital Economy
Jul 31, 2020
01:01:57
"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."
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Featured Photo by Joshua Sortino on Unsplash