CliffsNotes on Clifton: Part One

Best Take-Aways from “The Coming Jobs War” – Part One

As I mentioned in last week’s blog post, the Chamber has distributed over 300 copies of Gallup CEO and Chairman Jim Clifton’s book, The Coming Jobs War, to area leaders.

The 225-page book is a quick read that offers some interesting ideas for advancing job creation efforts.

I’ve summarized one of the best take-aways from the first six chapters below for those of you who won’t have time to finish the book before hearing Mr. Clifton speak at the Chamber’s Annual Meeting on Tuesday, November 5.

Introduction
The highest levels of leadership require mastery of a new task:  job creation.

Chapter One – What 7 Billion People Want
Leaders of countries and cities must make creating good jobs their No. 1 mission and primary purpose because good jobs are becoming the new currency for all world leaders.

Chapter Two – Joblessness
Businesses with 500 or fewer employees represent more than 99% of the 6 million businesses in the U.S. with at least one employee.

Chapter Three – China’s Surge
When China’s GDP surpasses America’s, it will dominate the world economically by a margin far more than the United States currently has.

Chapter Four – Unless
If World War II saved the republic and democracy, the unforeseen technology-entrepreneurial boom that lasted from 1970 to 2000 re-saved the United States economically.

Chapter Five – Classical Economics vs. Behavioral Economics
Almost all new jobs are created by start-ups and small and medium-sized companies. Gigantic companies tend to decrease jobs. Mergers and acquisitions destroy more jobs than they create.

Chapter Six – Cities
Cities that create a culture that responds to innovation become a beacon for the most talented people in the world. You have to jumpstart your city yourself.

I’ll post some of the best take-aways from chapters seven through twelve tomorrow.

Gary Plummer
President & CEO
Wichita Metro Chamber of Commerce