Economic, Demographic and Technological Change

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

3. Business Cycle Phases 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 Change2009-2013 Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted.

5. U.S. Private-Sector Employment Change2009-2014 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. New Jersey Private-Sector Employment Change2009 - 2012 Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted.

7. New Jersey Private-Sector Employment Change2009 - 2013 Source: U.S. Bureau of Labor Statistics. (*) Estimate based on data through June 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. New Jersey Private-Sector Employment Change2009 - 2013 Source: U.S. Bureau of Labor Statistics. Note: Employment change measured from December to December, seasonally adjusted.

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

21. 386 Microprocessor

22. Information Technology Eras

24. Information Technology Eras

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

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 MATURITYabyBoom 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 Boomerin 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