What is the best age for innovation? Are you more innovative in your 20s or your 50s?
“The real innovators average about age 40,” Agan says, adding that the popularized image of a young college age innovator — think Mark Zuckerberg — is a “total fallacy.”
Agan cites Steve Jobs, who introduced the iPod and iPhone in just the last decade of his career, after years of personal computing experience.
The upshot? Companies looking to lower costs by hiring a younger workforce may be losing out on innovation.
“The number one factor for innovation is learning from past experiences, learning from past successes and failures” Agan says. “Now that we’ve moved into a knowlege-base world, experience becomes much more important.”
To hear more about the relationship between age and innovation, click on the audio player above.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.