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Chapter 7

Chapter 7. Working in the New Global Economy. What Do These Things Have in Common?. SUNBELT. BP Oil Spill. 9/11. TERRORISM. GENETIC ENGINEERING. FAST FOOD. AIDS. BABY BOOMLET. MTV. AMERICANS WITH DISABILITIES ACT. LOCAL AREA NETWORKS. Drucker’s Post-Capitalist Society.

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Chapter 7

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  1. Chapter 7 Working in the New Global Economy

  2. What Do These Things Have in Common? SUNBELT BP Oil Spill 9/11 TERRORISM GENETIC ENGINEERING FAST FOOD AIDS BABY BOOMLET MTV AMERICANS WITH DISABILITIES ACT LOCAL AREA NETWORKS

  3. Drucker’s Post-Capitalist Society Post-capitalist by 2010 or 2020 Knowledge primary resource Society of organizations “Knowledge workers”

  4. Reich’s Global Enterprise Webs High value, complex, flexible work organizations that can be temporary. • independent profit centers • spin-off partnerships • spin-in partnerships • licensed • pure brokered Can you think of examples of these kinds of organizations?

  5. Rifkin’s End of Work Third Industrial Revolution Microchip Lean Productionand “Just-in-Time” Production Third Sector: independent, non-profit, volunteer

  6. Friedman’s Flat World Three periods of globalization Individuals competing globally with new software How does this affect your career decisions?

  7. Why Use Labor Market Information • Making educational decisions • When looking for a job • Thinking about a career change

  8. Labor Market Trends Big Growth Occupations vs. Fast Growth Occupations What’s the difference? Where would you rather look for jobs?

  9. Table 7.1 Big Growth Occupations, 2006-2016 _____________________________________________________________________________

  10. Bureau of Labor Statistics <http://stats.bls.gov/opub/ted/2007/dec/wk1/art05.htm>

  11. Table 7.2 Fast Growth Occupations, 2006-2016 _____________________________________________________________________________

  12. Sources of Labor Market Information • Government Agencies • Federal & State • Professional & Trade Associations • Private Publishers & System Developers • Futurist Organizations

  13. Federal Government Sources • U.S. Department of Labor/Bureau of Labor Statistics - Occupational Outlook Handbook • http://www.bls.gov/oco/ • Occupational Outlook Quarterly • Monthly Labor Review - www.careeronestop.org

  14. Factors/Trends that Influence the Labor Market • Natural disasters • World political events • Government spending • New welfare or student aid programs • Technological innovations & breakthroughs • New laws

  15. National Labor Market...

  16. Civilian labor force growth 2008-2018

  17. Service-providing industries continue to lead employment growth Goods-producing

  18. Service-providing industries continue to lead employment growth Service-providing

  19. Education and health services accounts for nearly half of projected total employment growth Source: Bureau of Labor Statistics

  20. The 10 industries with the largest employment growth. Source: Bureau of Labor Statistics

  21. Education and Training Pays

  22. State Governments • Florida Agency for Workforce Innovation http://www.labormarketinfo.com • Other State’s Job Bank Information www.careeronestop.org/jobsearch/cos_jobsites.aspx

  23. Occupations Gaining the Most New Jobs in Florida Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, 2007 Wage Data, Forecast to 2015

  24. Fastest-Growing Occupations in Florida* * includes occupations with a minimum of 4,000 jobs in 2007 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center, 2007 Wage Data, Forecast to 2015

  25. Top 10 Big Growth Industries in Florida Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center .

  26. Fastest-Growing Industries in Florida* *includes industries with a minimum of 3,000 jobs in 2007 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center

  27. Florida Employment Growthby Major Occupational Group 2007-2015 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center

  28. Florida Employment Growth Rates by Major Occupational Group 2007-2015 Source: Florida Agency for Workforce Innovation, Labor Market Statistics Center

  29. CIP Perspective & The New Global Economy • Self-Knowledge • What interests, values & skills do I have and which are needed in the economy? • Which Holland codes & qualities are needed in the workplace? • What personal traits are most likely to be rewarded?

  30. CIP Perspective & the New Global Economy • OptionKnowledge • The nature of new kinds of work organizations? • New types of workers (e.g., knowledge workers) • Global vs. local changes--impact of geography on options

  31. Decision Making • Dynamic nature of the world economy • Ongoing use of the CASVE cycle

  32. Executive Processing • Complexity of contemporary career life • Managing a career • Thinking strategically and globally • Working locally • Learning from Drucker, Reich, Rifkin, & Friedman

  33. Does selecting a fast growth occupation and moving where the jobs are guarantee employment and happiness? Probably better to focus on: • What do I like best & how can these things be part of my work? • What’s important to me & how does this relate to occupations I’m considering? • What are my most satisfying skills & how can I use them in my work? • What do I most want to accomplish in my work life?

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