Portfolio Life .net

Education isn’t mainly about signalling:

We find that employer learning about productivity occurs fairly quickly after labor market entry, implying that the signaling effects of schooling are small.

Here is much more.’ And here is more yet; this second paper estimates the speed of employer learning and uses that estimate to bound the value of the signal at no more than 28 percent of the value of education.’ I consider this devastating to the signaling hypothesis.’ How can ?? years of schooling be needed to signal your quality, if your employer often knows your quality within months?’

In my view education is mainly about indoctrination to give you more productive habits.’ So yes it is learning, but not in the way they might have told you, and that is why it so often does not feel like learning.

(Via Marginal Revolution.)

Given the context, I believe they mean “signaling” is about showing strengths in becoming a good employee - trainability.

But, as I mention in my other blog, work is returning to being about stints. Planning is about making decisions:

Then he returns to something mentioned earlier in the book - the future is jobs as stints. You are, as he states, fundamentally a business of one equipped with a portfolio of skills and experiences. Your stable skills will be applied in unstable settings. (and a large chunk of my career has been stints in unstable settings)

family trumps blogging at times like this

ReadWriteWeb blogs about email password hijacking:

Your Email Password: A True Horror Story About Why We Need Authentication Standards

Blogging developer Jeff Atwood has written up a story of password theft that will run a chill down the back of anyone who enjoys trying out new applications online.

The story is about a GMail archiving application being sold by an unscrupulous coder who programmed the app to forward all GMail usernames and passwords from customers to his personal GMail account.

The story underlines the importance of the emerging movement for user authentication standards, a part of the user trust dilemma that will prove key in the near-term future of online innovation….

Steve Rubel posts about the post: Startups That Fail to Invest in Trust Will All Die

He makes some good points, but I’d add another - have a plan to prevent it, and to then audit staff’s activities to catch misuse early. Its the old accounting method of dividing responsibilities so no one person can abscond with the customer’s treasure. Trust but Verify.

So how does one do that? Like accountants, you design it into the system. Doing it as an afterthought is too late. As they said in an earlier era, “The horse has left the barn.”

That design will be critical in winning customer trust as they see headlines like this and begin to question their vendor’s business process - your business process.