A job is an old-fashioned idea from the twentieth century Professor Muhammad Yunus says

LinkedIn recently had the honor of hosting Nobel Peace Prize recipient, Professor Muhammad Yunus, at our LinkedIn Speaker Series. Professor Yunus delivered an inspiring talk on his experiences empowering impoverished entrepreneurs through microcredit and microfinance — a topic that closely aligns with LinkedIn’s vision of creating economic opportunity for every member of the global workforce…

Another area that Yunus is passionate about is creating a world without unemployment. He believes that we can create that world by encouraging the youth to think and act like job creators. He worries that today’s youth is only focused on seeking salaried jobs, rather than being able to think from an entrepreneurial perspective. This is especially a problem since the number of salaried jobs available has not kept pace with the demand in regions such as Bangladesh.

“A job is an old-fashioned idea from the twentieth century,” states Yunus. He believes that the popular idea of jobs did not exist until after the industrial revolution (with the arrival of current education system). To encourage the second generation of Grameen Bank loan-seekers to be entrepreneurial, he tells them, “How did your mother manage to create a business with just $20 or $30 although she was illiterate, and no one was willing to trust her? Why do you hesitate to start a business when you have an in-house business consultant with 20+ years of experience?”

Chosen excerpts by Job Market Monitor. Read the whole story at Creating a World Without Unemployment: LinkedIn Speaker Series with Professor Muhammad Yunus | Official LinkedIn Blog.