‘The Value of the Ability to Deal with Disequilibria,’ by Theodore Schultz
The most valuable skill in the age of artificial intelligence (AI) may not be coding, prompt engineering, or any of the other competencies appearing in job listings. It may be the ability to figure out which skills will be valuable next. Half a century ago, Theodore Schultz had a name for something much like this: the ability to deal with disequilibria—situations in which changing circumstances make old arrangements less useful.
Schultz’s 1975 article, “The Value of the Ability to Deal with Disequilibria,” wasn’t about AI, or even primarily about technological…
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