1. Preparing for Future Changes in the Workforce: Emerging Trends G. Stephen Taylor, Ph.D. Mississippi State University

2. SIGNED STATEMENTS!!!! Thursday –Team assignments –Debate order –First debate topic

4. “A Differentiated and Memorable Customer Experience” Customized products –Napster vs iTunes Negotiated prices –Not Y Flexible places –iPod –iPhone Targeted promotion –“hulu effect/Ad Tailor”

5. “A Differentiated and Memorable Employee Experience” Customized construct –Box vs. amoeba Negotiated compensation –More than dollars Flexible connection –“company man” Targeted communication –Info the way I want it

6. Most Critical Changes Diversity/Immigration Globalization/Education 4 generations –aging population

7. Diversity and Immigration

10. Origins

11. Small but growing

12. Educational Attainment 52%

13. Foreign-Born Shares

14. Skill Levels 42% said “adequate” 25% moderate deficiencies 7% severe deficiencies

15. Note the differences…..

17. Hispanic/Latino 15.1% of US population 50% of total growth 2000-2007

21. GLOBALIZATION AND EDUKASHUN

24. As so it began…… childish but accurate

25. The right thing? Could be…or not US debt (good or bad?) it's how big????

26. Zimbabwe

27. GDP growth rates (2009)

28. PIIGS!

29. Not a garden variety Inventory recession Balance sheet recession –Liabilities > assets –Prof max debt minimization No borrowers

31. State Capitalism Post 2007 State capitalism –a system in which the state dominates markets primarily for political gain –autocratic states reap the benefits of capitalist enterprise while maintaining a vice-grip on political freedom “capitalism for the wealthy”

33. Fastest growing industries (2008-2018)

34. Knowledge workers What is a “job?” Self-managed Constantly innovate Continuous learning Quality counts Asset, not cost

35. The International Context (top 30) 16 th in reading skills 20 th in science 26 th in math 25 th in problem solving

37. Undergraduate Degrees (top 30) 17.6% in science (19 th ) 6% in natural science (8 th ) 3.9% in math/computer science (12 th ) 6.4% in engineering (21 st )

38. Undergraduate Degrees

39. 63% 34% 2006

40. So What’s A Poor Boy to Do?

41. Higher-Skilled Immigrants H1-B –3 yrs (extendable for 3 yrs) –65,000 annually (+/- 2 months) –Can apply for “green card” Praise –Only way to offset shortage of native-borns

42. Higher-Skilled Immigants Criticisms –“corporate subsidy” Not a shortage of native-borns Depresses wages Eliminates native-born jobs (AIG) “indentured servants”

43. No longer true…..

44. 60 is the new 40………

45. In 2000, Fairly “Young” Under 5% 5% to 12.4% 12.5% to 20%Above 20% Source: U.S. Census Bureau Percent of Population Age 60+ 2000

46. ... Rapidly Aging by 2025 Source: U.S. Census Bureau Under 5% 5% to 12.4% 12.5% to 20%Above 20% Percent of Population Age 60+ 2025

49. Life Expectancy at Birth: 1000 - 2000 Source: Census Bureau, 2000 Age

51. Dramatic Drop in Birth Rates Source: Age Wave Total Fertility Rate 2.1

52. By the numbers….

53. Workforce challenges Limited in availability Chronologically older Lacking key skills Global Highly diverse Sharing only health as a core value Source: Testimony by Tamara J. Erickson to the Senate Committee on Health, Education, Labor and Pensions, May 2005

54. Why not you? Mark Zuckerberg Dorm rooom (2004) $4 billion

55. Why not you? Foursquare Dennis Crowley $80 million Foursquare

56. Why not you? Groupon Andrew Mason $350 million

58. Why not you? Alice + Oliva Dorm room Stacey Bendet $50 million 800 stores