Looking ahead to our place in the next Economy

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Looking ahead to our place in the next Economy
Article 6

• By Matthew Budman
• Presented by Chris Keen, Ashley Jacobs, Shane
  Banks, Seema Bhattiprolu

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Outsourcing

• Not just manufacturing jobs are being outsourced.
• U.C. Berkley estimates 14M white collared jobs
  are at risk of being outsourced (11 of all
  jobs).
• Its just common sense for businesss to
  outsource, to have the same job done for less.

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An Undeniable Fact

• There will always be job here in the U.S.
• The U.S. is the top destination spot for those
  seeking economic prosperity.
• It may be cheaper, but thats not where I want to
  be.

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Applaud the Job Exodus

• More and more manufacturing jobs are being
  exported overseas
• One analyst sees this as a signal that the
  country is advancing by replacing these
  lower-level jobs
• New innovations create new jobs and drive new
  sectors to mature therefore forcing these jobs to
  migrate down the global food chain

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Applauding the Job Exodus Cont.

• Although jobs are shifting from the U.S. to other
  countries, the U.S. maintains its competitive
  advantage of creativity and innovative thinking
• Income is predicted to fall to the level of those
  in other countries that have the same skills or
  we will be forced to develop different skills.

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Staying Ahead of the Curve

• U.S. workers will have to make efforts on an
  individual and national level to stay ahead of
  other countries
• One way for the country to stay ahead of the rest
  is to work on bringing high speed internet
  connections into every home and business
• Secondly, more people should be pushed to receive
  advanced math, science, and technology education

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Staying ahead of the Curve Cont.

• A company that wishes to survive, should
  encourage creative thinking not only in the
  workforce but also on an organizational level

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Keeping Up on Your Own

• Tomorrows successful knowledge worker will be
  the one who can cope with an increasingly
  unstable world
• Be comfortable with uncertainty
• Constantly raise your own bar
• Expand your scope of knowledge and vision

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Where will the jobs come from?

• We are still in the early stages of the
  information age
• The next boom will likely be in biotech, energy
  and nanotechnology
• Sustainability the triple bottom line idea
• Is there are silver lining?

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Conclusion

• Outsourcing will not stop. (applaud the job
  exodus?)
• Conceive your job as entrepreneurial
• Knowledge and information is the key
• Age of uncertainty