Rating: 
Summary: Free Agents Are Changing Economic Reality
Review: In Baltimore, 700 low-income people have completed a 108- hour course in how to start a small business. The course is offered by a non-profit, Women Entrepreneurs of Baltimore. WEB says that 80% of those who started the program have begun their own enterprise, and that after 10 years, 80% of those are still in business. These new business owners are part of a national trend affecting rich and poor alike. They are "free agents", the people who will eventually change all we think we know about work life.
According to the latest census figures, more than half of American companies have less than five employees, and 70% of all businesses in the United States have NO paid employees. Today the 33 million free agents in the US outnumber manufacturing employees and all federal, state, local and county government employees, including teachers and police officers.
These little companies typically re-circulate 60% of revenues into their local economies through wages, using local vendors, and consuming local products and services. In contrast, chain stores only re-circulate 20% locally and warehouse type stores only 6% locally.
Author Daniel Pink calls this growth of the productively unattached "Free Agent Nation", and it may signal a new capitalism that will go far beyond "getting a good job", and "the organization man".
In his essential book Free Agent Nation: How America's New Independent Workers Are Transforming the Way We Live (Warner Business Books, 2001), Pink notes that the growth of free agents are enabled by four economic trends. The old social contract in which a company traded lifetime job security for employee loyalty no longer exists. Second, new inexpensive and portable technology means that anyone can buy a computer and own the means of production, no longer being dependent on a corporation to provide what's needed to make a business work. Third, long term prosperity has enabled people to search for meaning in their work, not just a paycheck. Fourth, corporations continue to form and dissolve at faster rates, so most workers will outlive their companies.
The new social contract is more challenging than the old. Pink describes it: "The free agent provides talent (products, services, advice) in exchange for opportunity (money, learning, connections)." Many large corporations now outsource as much as possible to free agents, a good deal on both sides.
Free agents are growing in spite of outdated employment, tax, and zoning laws that restrict small businesses. Free agents pay more taxes than employees because they are both employers and employees, they pay more for health insurance because of laws encouraging corporations to provide coverage, and they find themselves breaking outmoded zoning laws to run home businesses. But while the political landscape doesn't yet support their freedom, they have already changed the cultural and economic landscape. Free agents put up with the downside for freedom and because they actually earn more than their employed counterparts for doing the same work. A recent study of one thousand new millionaires found that two thirds were self-employed.
In many ways, being a free agent is the ultimate step in personal responsibility, ethics and self-actualization. The free agent definition of success is entirely personal and may have little to do with income or prestige. Free agents survive through positive relations with others. If a free agent acts in an unethical manner nothing will soften the landing. Whether they make it or not, there is no one to pity them, and no one else to blame.
Rating: 
Summary: Spend Time Elsewhere
Review: Not a bad book if you have exhausted your list of other business and self-help literature. This book could easily have been reduced by a hundred pages and still made the point that the corporate world of the fifties has been transformed into the free agent world of the 21st century. When Pink focuses on a specific issue the quality of his analysis and the value of the book rises. However, like so many business books of the day it fails to create sustained value and interest. Off to the used rack. (Are there any editors left in the publishing world?)
Rating: 
Summary: Not much more than cheerleading.
Review: Ok¡K.I am not a part of FAN (Free Agent Nation) ¡Kbut as someone who is interested in striking out on my own, this book did not offer much beyond cheerleading. What was said could have been told in far fewer pages. I expected more than just anecdotal research and feel good stories. At the end of every chapter is ¡§The Box¡¨ in which the author includes a summary ¡§The Crux¡¨, a paragraph called ¡§The Factoid, ¡§The Quote¡¨ and lastly ¡§The Word¡¨ which is just a way to get me to recall buzzwords and phrases I¡¦d rather forget, such as Thanksgiving Turkey Model, Free Agent Infrastructure, HOHO, FAN Bonds as well as others. Many of the footnotes were based off newspapers and magazines, or sources listed in the text appear to be secondhand, or credit was somewhat misleading in the text. For example in Chapter 2 the author gives credit to ¡§Wells Fargo (Bank) study ¡K.¡¨ to give it more credibility but when you look in the footnotes it give the lead credit is given to the an advocacy organization the National Federation of Independent Business along with Wells Fargo. In reviewing their website the research is on NFIB¡¦s letterhead with Wells Fargo also supporting the publications. In his chapter, ¡§The New Time Clock¡¨ on page 105, the author lists studies by the Families and Work Institute and another by a NYU economist and a University of Pennsylvania colleague, but upon further review in the footnotes he lists the sources as a Los Angeles Times article and another in Business Week. The impression is given that he did not read or analyze the original research. Without defining what a Free Agent is beyond an individual, temp, micro-business it was easy to make a leap and estimate 33 million free agents. If I am a stay at home spouse who sells a few things on eBay, or have a couple of garage sales every year; am I part of Free Agent Nation. I see many hardworking, entrepreneurial, networked free agents everyday, but not at Starbucks or Kinko¡¦s. Each morning as I pass the Home Depot near my house I see many free agents; not many have cell phones, buy high priced coffee, speak English, or have a car. It appears the huge market of what we call ¡§day laborers¡¨ here in California was not included in the author¡¦s FAN census or demographic statistics. There were few good tips or ideas in the book about health insurance, taxes, and education but the opening dialog in Chapter 17, Putting the ¡¥I¡¦ in IPO: The Path Toward Free Agent Finance¡¨ was a bit laughable. The chapter begins with two different dialogs for a FAN business owner seeking a $50,000 loan from his local ¡§traditional¡¨ bank and another dialogue were the same business owner goes to a financial federation for Free Agent Electricians. Whereas the traditional bank turns him down the Federation of Free Agent Electricians proposes to float him a $50,000 bond. Although this is a fictional account the author does describe why it is impossible today due to regulatory restrictions, the credit risk involved in floating an unsecured bond, or the fixed and marketing costs of floating the bond. While Michael Milken did lend money to the ¡§shaky, or the sagging¡¨ as far as I know he only floated public traded bonds to public traded companies. As the back cover endorsement by Tom Peters states ¡§Twenty ¡Vfive years from now we¡¦ll still be discussing this book¡¨, I only wish there was a better book out there to discuss. This book is one reason why I read few business books these days; rah, rah.
Rating:
Summary: Not much more than cheerleading.
Review: Ok¡K.I am not a part of FAN (Free Agent Nation) ¡Kbut as someone who is interested in striking out on my own, this book did not offer much beyond cheerleading. What was said could have been told in far fewer pages. I expected more than just anecdotal research and feel good stories. At the end of every chapter is ¡§The Box¡¨ in which the author includes a summary ¡§The Crux¡¨, a paragraph called ¡§The Factoid, ¡§The Quote¡¨ and lastly ¡§The Word¡¨ which is just a way to get me to recall buzzwords and phrases I¡¦d rather forget, such as Thanksgiving Turkey Model, Free Agent Infrastructure, HOHO, FAN Bonds as well as others. Many of the footnotes were based off newspapers and magazines, or sources listed in the text appear to be secondhand, or credit was somewhat misleading in the text. For example in Chapter 2 the author gives credit to ¡§Wells Fargo (Bank) study ¡K.¡¨ to give it more credibility but when you look in the footnotes it give the lead credit is given to the an advocacy organization the National Federation of Independent Business along with Wells Fargo. In reviewing their website the research is on NFIB¡¦s letterhead with Wells Fargo also supporting the publications. In his chapter, ¡§The New Time Clock¡¨ on page 105, the author lists studies by the Families and Work Institute and another by a NYU economist and a University of Pennsylvania colleague, but upon further review in the footnotes he lists the sources as a Los Angeles Times article and another in Business Week. The impression is given that he did not read or analyze the original research. Without defining what a Free Agent is beyond an individual, temp, micro-business it was easy to make a leap and estimate 33 million free agents. If I am a stay at home spouse who sells a few things on eBay, or have a couple of garage sales every year; am I part of Free Agent Nation. I see many hardworking, entrepreneurial, networked free agents everyday, but not at Starbucks or Kinko¡¦s. Each morning as I pass the Home Depot near my house I see many free agents; not many have cell phones, buy high priced coffee, speak English, or have a car. It appears the huge market of what we call ¡§day laborers¡¨ here in California was not included in the author¡¦s FAN census or demographic statistics. There were few good tips or ideas in the book about health insurance, taxes, and education but the opening dialog in Chapter 17, Putting the ¡¥I¡¦ in IPO: The Path Toward Free Agent Finance¡¨ was a bit laughable. The chapter begins with two different dialogs for a FAN business owner seeking a $50,000 loan from his local ¡§traditional¡¨ bank and another dialogue were the same business owner goes to a financial federation for Free Agent Electricians. Whereas the traditional bank turns him down the Federation of Free Agent Electricians proposes to float him a $50,000 bond. Although this is a fictional account the author does describe why it is impossible today due to regulatory restrictions, the credit risk involved in floating an unsecured bond, or the fixed and marketing costs of floating the bond. While Michael Milken did lend money to the ¡§shaky, or the sagging¡¨ as far as I know he only floated public traded bonds to public traded companies. As the back cover endorsement by Tom Peters states ¡§Twenty ¡Vfive years from now we¡¦ll still be discussing this book¡¨, I only wish there was a better book out there to discuss. This book is one reason why I read few business books these days; rah, rah.
Rating:
Summary: Powerful Insights for Free Agents AND Employers
Review: Reading this book was irritating! I've developed a habit of turning down the corners of pages when something on that page is particularly interesting to me. I discovered that I was turning down practically every page of Free Agent Nation! Daniel Pink has accomplished what most readers of non-fiction books desire: he's put solid value on almost every page. Your thoughts will be constantly stimulated as you move through this book. Our lives have changed substantially since William Whyte wrote The Organization Man in 1956. The work environment experienced by today's generation-and tomorrow's-is radically different. Instead of being captives of the organizational mode, income-earners are now free agents, including some 30 million freelancers, temps, and microbusiness owners. The lifestyles and philosophies of this growing group will impact the labor pool, retirement, education, real estate, and politics. Daniel Pink's name will go down in literary history for Free Agent Nation because he has so effectively covered the underlying philosophy of a generation. Free Agent Nation, an engaging, smooth read, is organized into five parts. The first part introduces us to what Free Agent Nation is all about. Chapter 2 gets right into "Numbers and Nuances" to give the reader a deep understanding. Chapter 3 explains how free agency happened. "Four ingredients were essential: 1) the social contract of work-in which employees traded loyalty for security-crumbled; 2) individuals needed a large company less, because the means of production-that is, the tools necessary to create wealth-went from expensive, huge, and difficult for one person to operate to cheap, houseable, and easy for one person to operate; 3) widespread, long-term prosperity allowed people to think of work as a way not only to make money, but also to make meaning; 4) the half-life of organizations began shrinking, assuring that most individuals will outlive any organization for which they work." Part Two explores The Free Agent Way, the new relationship between worker and employer. Part Three gets into How (and Why) Free Agency Works. Pink explains how people get connected-with work opportunities and with each other. While many free agents work alone, they are not alone. There is a growing community of mutually-supportive independent members in an evolving new design of society. But, all is not rosy in Free Agent Nation; this is not Camelot. Part Four examines the problems that arise from laws, taxes, and insurance. An interesting chapter (13) on Temp Slaves, Permatemps, and the Rise of Self-Organized Labor reveals the seedier side of this picture. Pay careful attention, and you can almost feel the changes that are coming. Part Five engages The Free Agent Future. Chapter 14 addresses E-tirement, confirming that older members of our society will be playing much different roles than in previous generations. The chapter on Education gives some initial insight into some different approaches to lifelong learning. Educators take note: your lives will be changing . . . are you ready? Concluding chapters explore free agent finance, politics, and how free agency will influence commerce, careers, and community in the years ahead. With all that said, let's take a look at who the author is and how this book was put together. Daniel Pink is a former White House speech writer and Contributing Editor to Fast Company magazine. To research this topic, he invested more than a year on the road conducting face-to-face interviews with several hundred citizens of the Free Agent Nation. He met with real people, who are quoted and cited by name in most cases. The text comes alive with the insightful stories of people who are living-and often loving-their free agent status. These case studies are beautifully interwoven, producing a delightful fabric for the reader to caress. Warning: you'll find your mind leaving the page and floating into day dreams and contemplations numerous times. To bring readers back to the reality of the core of his treatise, Pink concludes each chapter with what he calls "The Box." Included in this one-page-per-chapter feature are the key information and arguments of the chapter. The four components of this summary box are "The Crux," a summary of 150 words or less; "The Factoid," a particularly revealing statistic from the chapter; "The Quote," which pulls one representative quotation from the chapter; and "The Word," a novel term or phrase from the new vocabulary of free agency. As the author explains, "Read only "The Box" and you'll miss the chapter's narrative and nuance-but not, I hope, it's point." An appendix on the free agent census and a good index complete this book. If you're ready to learn about the evolution and revolution in the world of work, this book will be a treasure for you.
Rating:
Summary: Great book / excellent analysis - Easy to read too!
Review: This book does an excellent job in showing how the U.S. employment market is truly changing in modern times. Instead of being captives of the corporation income-earners are now free agents, including some 30 million freelancers, temps, and microbusiness owners. The lifestyles and philosophies of this growing group will impact the labor pool, retirement, education, real estate, and politics. While Daniel Pink terms the phrase "Free Agent Nation" to describe the current economy he basically hits on the fact that the U.S. economy is a more knowledge-based, service-oriented economy without using all the economic jargon. While Pink doesn't focus on the evolution of the U.S. economy (agricultural to industrial to service & technology) he focuses heavily on "big picture" issues that will arise from such an economy. While I wish he explained to everyone the increase in our societies wealth and standard of living from such an evolution he doesn't. But it helps the flow and makes it a lot easier and fun to read, that is for sure! Pink does an excellent job in assessing why our economy is evolving. Free Agency is a post-industrial phenomenon that thrives in areas where innovation and flexibility are the only means of survival. Pink concludes that our current evolution is a function partially of what William Whyte wrote in "The Organization Man" in 1956. Today's worker, if properly educated and full networked has the ability to specialize and participate in the U.S. economy in a radically different way than in the past. If you are considering working for yourself, especially if you are a college-educated individual who considers the corporate route the only way to go, I would highly encourage you to read this book. Other books of interest about "big picture" workplace issues are Peter Drucker's Management Challenges for the 21st Century and As the Future Catches You by Juan Enriquez, which does an excellent job (in a very brief chapter or two of the book) to show why rich nations are pulling further and further ahead of other countries and what it means in the long-term to the training of a countries workforce.
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