More important than being a full-stack employee is owning a full stack of skills.
The Changing World of Work: Going Beyond Specialization because an increasing number of jobs now require working knowledge, or at least awareness, of cross-disciplinary advances.
….the core point of the essay is worth examining: specialization is no longer
enough outside of fields such as surgery. An increasing number of jobs now require working knowledge, or at least awareness, of cross-disciplinary advances.
Put another way: owning one skill is no longer enough.Virtually any skill that can be reduced to a procedure defined by a set of rules can be automated or offshored. Any skill with defined inputs and outputs can be commoditized: reduced to software or a set of procedures that can be performed anywhere in the world.
The only value creation model left for labor is to own the entire process of production. Depending on the industry or sector, this might include a variety of machining, 3D fabrication and injection-mold technologies, marketing, design and content creation, software development and sales–the combinations are almost endless depending on what processes are creating value.
As management guru Peter Drucker noted, enterprises don’t have profits, they only have expenses. Creating value is what generates profits, and without profits enterprises can’t pay employees, and government can’t skim taxes from profits and wages.
Drucker foresaw that workers’ knowledge (human capital
) would become the primary means of production
in a knowledge economy, a dynamic he described in his book Post-Capitalist Society