The knowlege economy could affect you

What is the Knowledge Economy?

You may have heard people say that we’re currently in a knowledge economy. Okay, so what? What does that mean?

The knowledge economy is all about sharing and producing ideas and information. For you, that means your ideas and skills are more important than your physical abilities. To be successful, you’ll use your skills and, yes, knowledge to help people – whether that’s your coworkers, your customers, or the company you work for.

Do I Have Any Knowledge to Offer?

If you’re applying for jobs or trying to advance in your career, this might scare you a little bit. You might think you don’t know anything worthwhile.


You’re wrong, and that’s just your imposter syndrome talking. You’ve probably picked up tons of skills along the way without even realizing it.

Don’t believe me? Let’s look at 3 skills that can help you go a long way in the knowledge economy: communication, flexibility, and a willingness to learn.

How Well Do You Communicate?

No matter what your job is, what job you’re trying to land, or what job you hope to have in 10 years, communication is key.

A big part of the knowledge economy is sharing your knowledge, so you have to be able to effectively communicate with your coworkers and your customers to share what you know.

Communication will also help you articulate your ideas to your coworkers and boss.  You might have the best idea ever, something that could make your company millions. But, if you can’t explain it, no one in your company will think it’s worth pursuing.

Are You Flexible?

Technology can change on a dime. If you’re flexible, then that doesn’t really scare you too much. You’re willing and able to learn any new technology that comes your way, and you feel pretty comfortable using it.

Flexibility is particularly important in the small business world. As a small business employee, you’ll probably wear multiple hats each week (or even during a single day). You have to be flexible to adapt to each new situation and to be willing to take on whatever tasks your boss throws at you.

But, do you know the best part about this kind of flexibility? It gives you a chance to pick up all kinds of new skills because you’re always working on something different.

Are You Willing to Keep Learning?

When employers are interviewing job candidates, they’re not just looking for someone with all the necessary skills. Sure, they care about what you know now, but more than that, they care about what you might know in the future. That means that they care about how willing you are to keep learning.

If you show your employer (or future employer) that you’re willing and eager to learn, then they’ll take a chance on you. They know that you’ll be able to learn new skills that can then be applied to your job or might make you eligible for a promotion in the company. They also know that you’ll try to stay up to date on the latest trends in your field (so whatever new technology pops up won’t throw the whole company for a loop).

How Do I Keep Learning?

I have great news for you – you have tons of information and knowledge right at your fingertips: the internet. You can read industry blogs, sign up for newsletters, find online classes, or register for webinars. There are tons of (free) ways for you to keep learning.

One great way, that’s too often overlooked, is to talk to your coworkers. They know a lot. Find out what they know because what they know might just help you do your job better. Of course, sharing is a two-way street, so don’t be afraid to teach them what you know, too.