The World of Work

1. The World of Work Zachary Hamilton, Scott Kernan, Lauren Lee, & Ryan Smith

2. The Evolving World of Work Presented by Zachary Hamilton

3. The Roaring Twenties • Average Pay $5 a day • More People living in cities than on farms • Assembly line workers • Buying on Credit for the first time

4. The Great Depression • 1929-1941 • Hit the “Little Man” More than 750,000 farmers lost their farms. • 25% unemployment rate vs. 9.6% today • Lasted until wartime economy began in 1939 in response to WWII.

5. War Time Workforce • WWII 1939-1945 • Production of military surplus creates new jobs. • In 1943 more than 40% of the national GNP. • Unemployment falls from over 25% to 1.2% • The workforce has disposable income. • The Great Depression is finally over.

6. Post War Workforce • U.S emerges from WWII as an Economic Superpower. • Baby Boom! • The workforce transitions from blue collar jobs to white collar careers throughout 1950’s • By 1956 there are more white collar workers than blue for the first time in US history.

7. Era of Change • 1960’s and 70’s • Mostly White Collar Jobs • Inflation • Vietnam War

8. Technology Boom • 80’s and 90’s • Technology creates even more white collar jobs • Small farms still suffer • Economy explodes • Corporate Earning Skyrocket • Personal Income increases

9. The Working World Presented by Scott Kernan

10. Working in the World • This is a world economy • No longer stay within our borders • Every country is connected in some way

11. You and Your Country • There is a direct link between your education level and economic well being • Basic economics: • The more money you have, the more you spend • The more you spend, the better your economy • Applies to micro and macro economics • Your economic well being raises the country's GDP

12. Economic Well Being? • Education, Education, Education • Direct link between cognitive skills and education attained with economic well being • Masters - $65K and above / year • Bachelors - $53 k / year • High School - $32 k /year

13. Where Are We?

14. Stacking Up Here are the top 5 countries based on IQ scores. The USA is in 10th place with 30 countries getting the same or greater IQ score. This is a ranking of the top 6 countries based on GDP.

15. What Does This Mean? • The United States is still a super power • Not at the top • Forces us to work with other countries • Have to know other cultures • Wal-Mart and Germany • Our education has to reflect the world economy • Tie between education and economy

16. Education in the World of Work Presented by Ryan Smith

17. Why does education matter? • Lower chance of unemployment • Raises personal income • Financial security • Increases the opportunities you’ll have in the work force • Strengthen Americas Economy, and work force

18. Education Level • Levels of Education for the U.S. Population • AGES 25-65 • 12.8% Less than high school • 27.1% High school graduate (or equivalent) • 22.2% Some college, no degree • 37.9% College degree • 8.4% Associate degree • 19.0% Bachelor’s degree • 10.5% Graduate or professional degree

19. Unemployment & Earnings *Data are 2009 annual averages for persons age 25 and over. Earnings are for full-time wage and salary workers

20. The price of education • Average Cost • Public 4-year school, about $19,000 per year • ($76,000 for 4 years) • Private 4-year for-profit, about $28,000 per year • ($112,000 for 4 years) • Private 4-year nonprofit, about $35,000 per year • ($140,000 for 4 years) • Is it worth it?

21. Lifetime Earnings • Average Lifetime Earnings—Different Levels of Education. • $4.4 Professional Degree • $3.4 Doctoral Degree • $2.5 Master's Degree • $2.1 Bachelor's Degree • $1.6 Associate's Degree • $1.5 Some College • $1.2 High School Graduate • $1.0 Some High School Source: U.S. Census Bureau, Current Population Surveys, March 1998, 1999, and 2000.

22. Can money buy happiness? Presented by Lauren Lee

23. Assumptions Against • More money = Greedy/Snob • People with less $ = nicer/wiser For • Lower income = poor • High paying job = happy& easy life • Lots of $$ to retire happy

24. $$ gives a better well being. It provides support & security

25. Happiness Increase • Healthy body-nutrition & exercise • Healthy mind-social life & time to yourself • Healthy Attitude- Optimism • Healthy relationships • Healthy work place- Job with passion • Healthy lifestyle- time management skills, volunteer work

26. The Truth • Happiness is brought by a multitude of many different things. $$ can’t buy happiness, but it can provide a better well being = less stress(For some that is happiness)

27. Works Cited • "Best Universities - Top Schools - Colleges 2008 Rankings." Photius Coutsoukis; Photius; Photios; Fotis Koutsoukis - Sustained by Working Capital in the World. 4 Oct. 2008. Web. 16 Nov. 2010. <http://www.photius.com/rankings/best_universities_2008.html>. • "CIA - The World Factbook." Welcome to the CIA Web Site — Central Intelligence Agency. 14 Nov. 2010. Web. 16 Nov. 2010. <https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html>. • "Education Pays ..." U.S. Bureau of Labor Statistics. 27 May 2010. Web. 16 Nov. 2010. <http://www.bls.gov/emp/ep_chart_001.htm>. • Hanushek, Eric A. and Woessmann, Ludger, The Role of Education Quality for Economic Growth (February 1, 2007). World Bank Policy Research Working Paper No. 4122. Available at SSRN: http://ssrn.com/abstract=960379 • Lynn, Richard, Tatu Vanhanen, and Jelte Wicherts. "National IQ Scores." Photius. 10 May 2010. Web. 16 Nov. 2010. <http://www.photius.com/rankings/national_iq_scores_country_ranks.html>.

28. Works Cited Cont. • Propp, Julia. "Bruno S. Frey: Happiness Research in Economics—A Revolution?" Journal of Happiness Studies 10.4 (2009): 499-502. Print. • Headey, Bruce, Ruud Muffels, and Mark Wooden. "Money Does Not Buy Happiness: Or Does It? A Reassessment Based on the Combined Effects of Wealth, Income and Consumption." Social Indicators Research 87.1 (2008): 65-82. Print. • Anielski, Mark. The Economics of Happiness: Building Genuine Wealth. Gabriola, B.C.: New Society, 2007. Print. • US Census Bureau. "Job Salary Earnings Comparison - College Degrees and High School Diploma." Top Online Colleges & Universities | Online Degrees & Education at EarnMyDegree.com. Web. 18 Nov. 2010. <http://www.earnmydegree.com/online-education/learning-center/education-value.html>. • U.S. News Staff. "The Average Cost of a U.S. College Education - US News and World Report." Breaking National and World News - US News. Web. 17 Nov. 2010. <http://politics.usnews.com/opinion/articles/2010/08/24/the-average-cost-of-a-us-college-education.html>.

29. Rubric for E-Poster Categories: Exemplary, Mature, Competent, Developing, Undeveloped _M_Teaches something interesting or important to the target audience _M_Claims and sub-claims are clearly supported _M_Contains an effective introduction and conclusion _M_Is cohesive. It sounds like a single presentation and not a series of uncoordinated mini-presentations. _M_Is well-organized. The viewer can follow your presentation, and does not get “lost.” _M_Covers the subject matter well _M_Captures and keeps the audience’s attention. _M_Visual aids contain an appropriate amount of material _M_Visual aids contain appropriate content _M_ Visual aids are readable, and do not contain overly distracting visual elements _M_Is presented in a smooth and polished manner You had a lot of interesting, well-illustrated research. A few of your illustrations have labels and captions that are hard to read. Sometimes the only way to get around that is to recreate the graphic your self and then cite it as “Data from…” Or work some Photoshop magic on it (select the text, cut it, size it up, and reposition it). I’m not clear on what the U.S.’s rank in terms of IQ in meant to be indicative of? Is it just meant as a measure of our resources as a nation, or are you making a claim for it as something we’ve accomplished? Grade: 90