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Looking ahead to our place in the next Economy

Article 6. Looking ahead to our place in the next Economy. By: Matthew Budman Presented by: Chris Keen, Ashley Jacobs, Shane Banks, Seema Bhattiprolu . Outsourcing. Not just manufacturing jobs are being outsourced.

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Looking ahead to our place in the next Economy

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  1. Article 6 Looking ahead to our place in the next Economy By: Matthew Budman Presented by: Chris Keen, Ashley Jacobs, Shane Banks, Seema Bhattiprolu

  2. 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). • It’s just common sense for business’s to outsource, to have the same job done for less.

  3. 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 that’s not where I want to be.

  4. 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

  5. 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.

  6. 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

  7. 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

  8. Keeping Up on Your Own • Tomorrow’s 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

  9. 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?

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

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