“For a young person, the best thing to do is learn how to read and enjoy reading, learn how to speak effectively and persuasively, and learn how to write reasonably well,” Rubenstein told Business Insider in a recent interview.Instead of simply chasing checks or prestige, the cofounder of $14 billion global investment firm Carlyle Group advised budding workers to “find something that you really enjoy and make it your life’s work.” Rubenstein believes success will follow when young professionals truly enjoy a job that doesn’t feel like work. After all, “Nobody ever won a Nobel Prize hating what they do,” the 77-year-old billionaire said.
Rubenstein built an industry (private equity) around extrinsic motivation (do this to get obscene profits). That included buying politicians and squarely planting themselves (their affiliates) on the federal teat.
American workers felt no love from Carlyle or its PEU peers as they sent jobs to China by the junk-load. Flashback to July 2011:
I have seen so many people -- particularly those in their 50s - 70s -- taken apart by what has happened in their industry as greed has hollowed out the economy. These are people took pride in their jobs and held themselves to this invisible standard that we all just took for granted, but is being wiped out.The Carlyle Group scares me more than anything I've ever seen on Wall Street. It seems to exist to corrupt politicians and it's hard to know who they even represent.I watched a video interview of (David) Rubenstein and his arrogance is really beyond tolerance.
Many of those workers were "doing what they loved" when private equity bought their employer. Rubenstein's magic PEU formula ignored that.
At the age of 77 the legendary private equity underwriter (PEU) shifts to intrinsic motivators (doing what you love)? Please.
Young workers must be confused by the sudden shedding of STEM, an area they've been coached to pursue for much of their lives. Is AI is taking that too?
...tech models are already very good at STEM, so soft skills like EQ, communication, and curiosity are a premium. Those who have “critical-thinking skills” and can “interact with other people” will be best set up to thrive.
Management, including our political leaders, scorned soft skills for decades in favor of spreadsheets, hard targets, disruption and relying on foreign labor or tech solutions over our people (U.S. workers). HR turned into strategic human abuse.
I question the motivations of TechGods/PEUs for their 180 degree U-Turn. It must be because AI is taking all the "get that." Is "what you love to do" the only thing left? Remember 2011: PEUs took it before and they will take it again.
This fits perfectly with their insatiable need for more billions, such that it becomes trillions. As for help from elected officials, forget about it. Trump II is the biggest taker of them all.
Politicians Red & Blue love PEU and their new TechGod brethren. Increasingly, more are one.
