Innovating Leadership:
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Hosted by Maureen Metcalf

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The End of Jobs: The Rise of On-Demand Workers and Agile Companies
Episode Description

Jeff Wald situates today’s changes in a long arc of technological revolutions, mechanization, electrification, and computerization, and argues we are entering a fourth: the first services revolution, powered by robots and AI. He examines how each leap has shifted power toward companies, historically counterbalanced by unions, regulation, and safety nets, and how agile organizations are now restructuring around on-demand and freelance talent. Woven through the conversation is a leadership note drawn from his decade as an NYPD Auxiliary Officer, that asking for help is a strength and a leader’s most powerful resource.

Key Takeaways
  • We are entering a fourth technological revolution, the first driven by robots and AI in services.
  • Each technological leap has historically shifted power toward companies.
  • Unions, regulation, and social safety nets have served as counterbalances that stabilize the workforce.
  • Agile companies are restructuring to leverage on-demand and freelance talent.
  • Asking for help is a sign of strength and one of a leader’s most powerful resources.
Why This Episode Matters

Executives come away with a long-view understanding of how AI and on-demand work are reshaping the workforce, and how agile organizations can adapt their structures accordingly.

Featuring

Jeff Wald, Founder, Work Market

Episode Topics

Podcast Air Date

June 15, 2021

Episode Duration

47min

Watch the episode

Season 7
Episode Number 24

Episode Content:

The End of Jobs: The Rise of On-Demand Workers & Agile Companies

Jeff Wald, founder of Work Market shares his insights in the podcast The End of Jobs: The Rise of On-Demand Workers & Agile Companies and the following article.

Some people lead with their heart, some with their head.  Some leaders are “my way or the highway”, some are “we all move forward together”.  Every leader has their own style and as long as people follow, they are leaders.

I tend to use vulnerability as a core part of my leadership style.  I do that as it’s authentic, I have a lot of vulnerabilities.  I learned to embrace this vulnerability from an unlikely source; the New York City Police Department.

I spent the better part of ten years as a volunteer officer in the NYPD.  It was here I learned that asking for help was not a sign of weakness but rather a sign of shared strength. But first, some background on volunteer officers of the NYPD.

The volunteers, or Auxiliary Officers, get about 100 hours of training at the Police Academy.  Training includes basic self-defense, arrest procedures, radio usage, first aid, and many other lessons one needs to serve.  The Auxiliary Units are designed to provide an extra set of eyes and ears out on the streets.  They are not supposed to respond to an active situation unless specifically instructed by a regular NYPD Officer.  They are not trained or authorized to use a firearm.  They carry a baton, a small stick about eighteen inches long.  They are told time and time again that their radio is the most important item on their person.

I reflect on the lessons I learned during my time as an Auxiliary Officer and how they apply to my leadership and my life.  There is always one that stands out: Never hesitate to pick up the radio and call for help.

I remember my first serious encounter as an officer.  There was an assault in progress right near where my partner and I were standing.  We knew we were not supposed to approach an active crime unless specifically asked.  However, being the invulnerable young men, we believed ourselves to be, we walked over anyway.

As we turned the corner on the Upper East Side of Manhattan, I saw two men kicking and one man hitting with a baseball bat, a prone figure on the ground.  Real police officers were less than a minute away.  My partner took out his baton and yelled “Stop! Police!” and ran in.  I actually panicked for a second and froze, but the sight of my partner running in spurred me to action.  My action, aside from beginning to run after my partner, was to grab my radio.  The bad guys had started to run away when my partner yelled, so I called into central dispatch (and thus was heard by the approaching real officers), “three male suspects running south on First Avenue”.

They were caught and arrested, the person being attacked was injured but would be ok.

While we were not in any danger (although there were three of them and two of us, they had a baseball bat and we had batons, and I knew we didn’t have a gun but they might have!), I reached for my radio.  The radio’s primary purpose in this encounter was to inform the other officer, but its primary purpose to me was to inform the rest of the 19th Precinct that two very scared Auxiliary Officers were encountering suspects.  Implicitly the call was, “Send some real cops here now and HELP!”.

Ask any police officer anywhere in the world what is their most powerful weapon and you will get one consistent answer, the radio.  Every officer has one, and at the other end of that device is help; serious help.  When they make that call other officers will immediately be on the way.  There is no officer that would hesitate for a moment to call for help, to call for backup.  Think about that for a second.  These are some of the bravest people in the world.  They put their lives on the line every day to keep us safe.  Yet, at the slightest inkling of trouble, they ask for help.

If police officers do that, why don’t the rest of us?

As leaders, we may sometimes fall into the dangerous and self-defeating trap of thinking we need to have all the answers.  Maybe it’s driven by insecurity, maybe by imposter syndrome, maybe by the need to prove our intellect and strength.  For some leaders that may work just fine, but not for me.

I ask for help when I need it and my team responds.

I do need help, we all do.  I cannot do it alone.  No one is that strong, or smart, or well-connected that they don’t need the talents of their team.

Far from being a sign of weakness, asking for help is a powerful sign of strength.  It tells everyone that you are confident enough to ask for help when you need it.  Smart enough to know you don’t have all the answers.  Brave enough to rely on the intellect, creativity, and networks of others.  To me, this is what leadership looks like and it’s worked well.

So be brave like police officers all over the world and pick up your radio when you need help.  For leaders, it can be your most powerful weapon.

Resources:

The world has witnessed three-step functions in technological change: mechanization, electrification, and computerization. These industrial revolutions led to massive increases in productivity and thus we need far fewer workers. With each of these technological breakthroughs, the power balance between companies and workers shifted heavily to companies. The abuses of that power by companies instigated employee unrest. Counterbalancing forces rose to constrain companies’ power, eventually prompting unions, regulation, and the social safety net to bring stability to the relationship. As we enter the fourth great leap forward in technology with robots and AI, we face the first services revolution. The power balance will again shift massively to companies as new technologies drive productivity increases in the service industry, much as the last three industrial revolutions transformed manufacturing. Jeff Wald joins Maureen to discuss his book, The End of Jobs, and what the future of work is.

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Guest(s):

Jeff Wald, Founder, Work Market

Guest(s) Bio:

Jeff Wald is the Founder of Work Market, an enterprise software platform that enables companies to manage freelancers. It was acquired by ADP. Jeff began his career in finance, serving as Managing Director at activist hedge fund Barington Capital Group, a Vice President at venture capital firm GlenRock and various roles at JP Morgan.

Jeff is an active angel investor and startup advisor, as well as serving on numerous public and private Boards of Directors. He also formerly served as an officer in the Auxiliary Unit of the New York Police Department. Jeff holds an MBA from Harvard University and an MS and BS from Cornell University.

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