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Preventing a Workforce Meltdown Agenda. Tech Breakthroughs The 2010 Meltdown Current Strategies Won’t Work Solutions 1) Community Activism 2) Pragmatism 3) Cultural Change. Technology Reality Check.
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Preventing a Workforce Meltdown Agenda • Tech Breakthroughs • The 2010 Meltdown • Current Strategies Won’t Work • Solutions 1) Community Activism 2) Pragmatism 3) Cultural Change www.imperialcorp.com
Technology Reality Check “Over the past 20 years technology has been five times more powerful than globalization.” William Cline Institute for International Economics www.imperialcorp.com
II. The 2010 Meltdown U.S. Workforce between 2010 & 2020 • 70 Million retire from the workforce • 40 Million enter the workforce Source: U.S. Department of Labor, 2005. www.imperialcorp.com
Annual Growth Rates ofU.S. Labor Force 1950-2030 www.imperialcorp.com
Median Age in Selected Countries(2000, 2025,and 2050) 200020252050 United States 35.5 39.3 40.7 France 37.6 43.3 45.2 Germany 40.1 48.5 50.9 Japan 41.2 50.0 53.1 China 30.0 39.0 43.8 India 23.7 31.3 38.0 Source: United Nations, 2001 www.imperialcorp.com
66% of U.S. Students Grades 1-12 Read Below Grade Level www.imperialcorp.com
High School Graduation Rates –U.S. Rank among 30 Industrialized Nations Age GroupsU.S. Rank 55-64 1st 34-44 5th 25-34 9th Source: OECD, 2005 www.imperialcorp.com
2003 PISA Rankings of Selected OECD Countries www.imperialcorp.com
90+ Million American Workers Lack Reading Writing Math Skills to do their jobs properly www.imperialcorp.com
What Does It Mean To Be A “Skilled Person” In America? www.imperialcorp.com
1952 Six or more years of school (Census Bureau) 1960 Eighth-grade education (U.S. Office of Education) 21st Century High school education plus (U.S. Office of Education & the Conference Board) www.imperialcorp.com
U.S. Workforce • Smart People (25%) • “The Walking Dead” (25%) • “Techno-Peasants” (50%) www.imperialcorp.com
U.S. “Smart People” Deficits YearDeficits 2010 5M1 2020 12-17M2 2030 35M3 1U.S. Dept. of Labor, 2005 2Anthony P. Carnavale, 2002 3Manpower, 2001 www.imperialcorp.com
U.S. Jobs Shifts 2000-2020(In Millions) Job Categories 200020102020 Professionals/Executives 44 52 60 Sales, Technical 42 50 60 Tech Support/ Skilled Craft 22 29 43 Low End Service 20 25 27 Other Low Skill Jobs 24 21 17 Source: U.S. Bureau of Labor Statistics, 2005 www.imperialcorp.com
Predicted Labor Shortages By 2010 • 1,000,000 Nurses • 50,000 Clinical Pathologists • 50,000 Auto Mechanics • 1,000,000 Math, Science & Special Teachers • 1,000,000 Computer Engineers & Support Personnel www.imperialcorp.com
Predicted Labor Shortages By 2012 • 1,000,000 Skilled Trades Workers By 2020 • 85,000-200,000 Medical Doctors www.imperialcorp.com
III. Current Strategies Won’t Work! www.imperialcorp.com
H-1B Visa www.imperialcorp.com
“Smart People” Deficit 2020 Worldwide Estimate― 32-39 million jobs Country Breakdowns:U.S. – 17 million Japan – 9 million Russia – 6 million France – 3 million Germany – 3 million Britain – 2 million Source: All India Management Association, 2003. www.imperialcorp.com
Education Critical Mass Comparison 1UNESCO, Institute For Statistics, July 2003 www.imperialcorp.com
Education Critical Mass Comparison 2Harvard University & the Urban Institute, 20043OECD, 20044Only Higher Education www.imperialcorp.com
India Of the students who graduate from college: • A small fraction read English • A smaller fraction can speak English • A fraction of that fraction can speak it so Americans can generally understand it Source: Bhagwati, 2005 www.imperialcorp.com
Outsourcing www.imperialcorp.com
U.S. Foreign Direct Investment (FDI)in 2004 • China and India $13.1B • Germany and Japan $157.7B www.imperialcorp.com
Reality Check China outsourcing: 344,000 U.S. jobs Canada outsourcing: 1,000,000+ U.S. jobs Source: OECD, 2005 www.imperialcorp.com
Reality Check India outsourcing: 131,000 U.S. jobs United Kingdom outsourcing: 1,100,000+ U.S. jobs Source: OECD, 2005 www.imperialcorp.com
The 2010 Meltdown Globalization Technology Demographics Education and Career Skills Employment High Wage/High Skill or Low/Wage/Low Skill Economy Expands or Contracts www.imperialcorp.com
Human Ability Areas • Linguistics • Logical-Mathematical • Spatial • Musical • Bodily Fine-Gross Motor • Interpersonal • Intrapersonal Source: Robert J. Sternberg, 1996 www.imperialcorp.com
The 2010 Meltdown “If a country’s workforce contracts and its smart people decrease, then the economy will shrink” www.imperialcorp.com
The 2010 Challenge Career Culture Business Culture Education Culture Education Prep. and Lifelong Learning Career and Job Alternatives Employment High Wage/High Skill or Low/Wage/Low Skill www.imperialcorp.com
IV. Solutions www.imperialcorp.com
How to get started? OVERCOME three clichés www.imperialcorp.com
“Timing is everything”(Take action during a crisis) • “It’s WHO you know”(Networking) • “It takes two to tango”(Giving up some turf) www.imperialcorp.com
Non-Governmental Organizations (NGOs) www.imperialcorp.com
Timing Is Everything www.imperialcorp.com
It’s Who You Know www.imperialcorp.com
Surry County, North Carolina • Strategic Five-Year Plan • Yadkin Center • Craft & Design Center • Viticulture • Bio-Tech Education www.imperialcorp.com
It Takes Two to Tango Fargo, North Dakota www.imperialcorp.com
The 2010 Solution Business Labor Educators Parents & Students Government NGO Intermediary Agency Liberal Arts Education & Career Prep. Incumbent Worker Lifelong Learning Employment High Wage/High Skill Economy Expands www.imperialcorp.com
Dr. Edward E. Gordon www.imperialcorp.com 800-537-8189 www.imperialcorp.com