Disappearing Act

In the 1991 movie, “Other People’s Money” Danny Devito’s character offers up a monologue near the end of the film in which he defends capitalism, even at its most brutal.  Here’s a brief excerpt:

“Fiber optics. New technologies. Obsolescence.? 
We’re dead, all right. We’re just not broke.?                  ?
And do you know the surest way to go broke??                   ?
Keep getting an increasing share of a shrinking market.
Down the tubes. Slow but sure.?                   ?
You know, at one time there must have been dozens of companies making buggy whips. And I’ll bet the last company around was the one that made the best goddamn buggy whip you ever saw.

Now, how would you have liked to have been a stockholder in that company??You invested in a business, and this business is dead. Let’s have the intelligence–let’s have the decency–to sign the death certificate, collect the insurance, and invest in something with a future.

His character, Larry the Liquidator, is talking to shareholders in a business that is slowly dying – yet his words have relevance to people in careers that are changing and/or disappearing due to technology, new ways of doing business or just cultural trends. 

Are you one of them? 

As a stakeholder in your own future, always make sure you know where your industry is going and where the job opportunities lie.  If it is time to learn new skills, transition into a new field or reinvent your career, now may be the time. 

Don’t be caught holding the buggy whip.

Jenna Goudreau of Forbes magazine, gave us this interesting article on 6/22/2011 about “Disappearing Middle-Class Jobs”.

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