1. Economic, Demographic and Technological Change James W. Hughes, Dean 2014

2. Home of the Edward J. Bloustein School

3. Business CyclePhases Expansion: November 2001 - December 2007 (Great)Recession: December 2007 - June 2009: 18 months in length Current Expansion: June 2009 – September 2014: 63 months in length Average Duration of Post-WW II Expansions: 58 months

4. U.S. Private-Sector Employment Change 2009-2013 Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted.

5. U.S. Private-Sector Employment Change 2009-2014 Source: U.S. Bureau of Labor Statistics. * Based on first 8 months ( December 2013 – August 2014). Note: Employment change measured from December to December, seasonally adjusted.

6. Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted. New Jersey Private-Sector Employment Change 2009 - 2012

7. Source: U.S. Bureau of Labor Statistics. (*) Estimate based on data through June 2013. New Jersey Private-Sector Employment Change 2009 - 2013

8. 2013: Private-Sector Employment  2013: First 6 Months+31,400 jobs  2013: Last 6 Months -11,600 jobs  2013: Full Year +19,800 jobs

9. Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted. New Jersey Private-Sector Employment Change 2009 - 2013

10. 2013: Private-Sector Employment  2013: First 6 Months+31,400 jobs  2013: Last 6 Months -11,600 jobs  2013: Full Year +19,800 jobs

11. New Jersey Private Sector Employment Change Q1 2013 – Q2 2014 Source: New Jersey Department of Labor and Workforce Development.

12. New Jersey’s Economic Roller Coaster (Employment change for periods indicated) Source: New Jersey Department of Labor. Note: ( ) indicates employment loss.

13. Obsolete Industrial Plant

14. The Great 1980s Office Building Boom

15. Suburban Office Agglomeration

19. Information Technology Eras Pre- and Early-PC 1981IBM PC Introduced8088 microprocessor chip 1983IBM XT 1984IBM AT80286 microprocessor chip 198680386 microprocessor chip 198980486 1993Pentium80586 PC Intense – Fiber Optic 1995Window to the Internet Mobile Internet – Untethered 2007iPhone 2008Affordable Powerful Notebooks 2010iPad 2011- 2012 Widespread availability of 4G LTE

21. 386 Microprocessor

22. Information Technology Eras Pre- and Early-PC 1981IBM PC Introduced8088 microprocessor chip 1983IBM XT 1984IBM AT80286 microprocessor chip 198680386 microprocessor chip 198980486 1993Pentium80586 PC Intense – Fiber Optic 1995Window to the Internet Mobile Internet – Untethered 2007iPhone 2008Affordable Powerful Notebooks 2010iPad 2011- 2012 Widespread availability of 4G LTE

24. Information Technology Eras Pre- and Early-PC 1981IBM PC Introduced8088 microprocessor chip 1983IBM XT 1984IBM AT80286 microprocessor chip 198680386 microprocessor chip 198980486 1993Pentium80586 PC Intense – Fiber Optic 1995Window to the Internet Mobile Internet – Untethered 2007iPhone 2008Affordable Powerful Notebooks 2010iPad 2011- 2012 Widespread availability of 4G LTE

28. Maturing Baby Boom – Redefining Maturity Echo-Boomers/Gen Y/Millennials – Redefining the Workforce/Workplace AT

29. The Postwar Baby Boom: 1946-1964

30. The Largest Generation in U.S. History

31. Tract-House Suburban New Jerseye Suburban N.J. Source: The New York Times

32. McMansion

33. Serious Serious Middle-Aging

35. BABY BOOM: REINVENTING MATURITYaby Boom Reinventing Maturity 2011: First Boomer turned 65 years of age 2014: All Boomers between 50 and 68 years of age 2015: Fully one-half of all Boomers will be in their 60s 2016: First Boomers will turn 70 years of age

36. We will not fade away quietly! Source: Christian Science Monitor

38. The The Eventual Slowdown Slowdown

39. Baby Boomer in Retirementn Retirement

40. Beach Boys: Little Deuce Coupe

42. The Invasion of the Stroller People

43. Echo Boom: 1977-1995oom: 1977-1995

44. Generation “Y” Today

45. The Digerati

46. Girl-Boy Brooklyn Hipsters

47. 1970s George and Albany Streets

48. 2000s: George and Albany

49. 1970s: MP 54 Electric MU Cars Electric MU Cars

50. 1970s: Interior Seating

51. No Cellphones or Tablets – Just Print

52. 2000s: NJ Transit Bi-Level Cars

53. 2000s: Interior Seating

54. Prototypical 1970s Subway Car

55. 1970s Interior

56. New 2000s Subway Fleet

57. Interior

58. 1970s:11970s Destination: Times Square Seedy Times Square

59. 2000s Times Square

60. Merck Headquarters in Whitehouse Station: Stranded Asset in Whitehouse Station

61. BASF in BASF – Mount Olive – Stranded Asset 2ve Source: Bing Maps 2011.

62. Aetna Construction Completed 1983

67. Home of the Edward J. Bloustein School