{"id":4848,"date":"2010-12-22T12:07:08","date_gmt":"2010-12-31T06:13:22","guid":{"rendered":""},"modified":"2010-12-31T12:19:32","modified_gmt":"2010-12-31T06:19:32","slug":"but_the_network_economy_has_mo","status":"publish","type":"post","link":"https:\/\/tkdev.kk.org\/newrules\/but_the_network_economy_has_mo\/","title":{"rendered":"But the network economy has moved&#8230;"},"content":{"rendered":"<p><strong>&#8230;from change to flux.<\/strong><\/p>\n<p>Change, even in its shocking forms, is rapid difference. Flux, on the other hand, is more like the Hindu god Shiva, a creative force of destruction and genesis. Flux topples the incumbent and creates a platform for more innovation and birth. This dynamic state might be thought of as &#8220;<span class=\"nr-emphasis\">compounded rebirth<\/span>.&#8221; And its genesis hovers on the edge of chaos.<\/p>\n<p>Donald Hicks of the University of Texas studied the half-life of Texan businesses for the past 22 years and found that their longevity has dropped by half since 1970. That&#8217;s change. But <span class=\"nr-emphasis-less\">Austin, the city in Texas in which new businesses have the shortest expected life spans, also has the fastest-growing number of new jobs and the highest wages<\/span>. That&#8217;s flux.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/kk.org\/newrules\/img\/VNRF$$18.jpg\"><br \/>\n<span class=\"nr-caption\">The number of old jobs lost increases, but not as fast as the number of new jobs created. More important, the spread of gained jobs over lost jobs widens.<\/span><\/p>\n<p>Hicks told his sponsors in Texas that &#8220;the vast majority of the employers and employment on which Texans will depend in the year 2026&#8211;or even 2006&#8211;do not yet exist.&#8221; In order to produce 3 million new jobs by 2020, 15 million new jobs must be created in all, because of flux. &#8220;Rather than considering jobs as a fixed sum to be protected and augmented, Hicks argued, the state should focus on encouraging economic churning&#8211;on continually recreating the state&#8217;s economy,&#8221; writes Jerry Useem in Inc., a small-business magazine that featured Hick&#8217;s report. Ironically, <span class=\"nr-highlight\">only by promoting flux can long-term stability be achieved<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;from change to flux. Change, even in its shocking forms, is rapid difference. Flux, on the other hand, is more like the Hindu god Shiva, a creative force of destruction and genesis. Flux topples the incumbent and creates a platform &hellip; <a href=\"https:\/\/tkdev.kk.org\/newrules\/but_the_network_economy_has_mo\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"1","ping_status":"1","sticky":false,"template":"","format":"standard","meta":[],"categories":[204],"tags":[],"_links":{"self":[{"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/posts\/4848"}],"collection":[{"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/comments?post=4848"}],"version-history":[{"count":0,"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/posts\/4848\/revisions"}],"wp:attachment":[{"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/media?parent=4848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/categories?post=4848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tkdev.kk.org\/newrules\/wp-json\/wp\/v2\/tags?post=4848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}