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Young Alumni New York City, New York. Dr. James Ramsey President, University of Louisville. Thank you for being here! We love being in the. Some Blue Dots and A Red Triangle. New video here. Great Things Are Happening But It Hasn’t Been Easy. US GDP. Very slow recovery.
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Young AlumniNew York City, New York Dr. James Ramsey President, University of Louisville
Thank you for being here! • We love being in the
Great Things Are Happening But It Hasn’t Been Easy US GDP Very slow recovery
Kentucky Employment Non Agricultural December 2011 63,700 job loss Notes – 1 – Most people employed since January 2009 2 – Still 63,700 fewer people working today
Kentucky Employment ManufacturingDecember 2011 • Economy • Productivity gains • Offshore
Some Observations • New economy • Knowledge based • Human capital… • Microsoft/Google/etc. • Global economy • Paradigm shift • Jobs follow people • Richard Florida – Creative Class • 3 T’s
Some Observations • Importance of New Clusters • Healthcare/Life science • Human genome project – game changer • Logistics/distribution • But… • Advanced (“additive”) manufacturing • Nano/MEMS • Energy • Renewable • Business services • Start-ups/Entrepreneurial
What’s all this have to do with Higher Education? • Creating “creative class” • Human capital • Brightest • Research • It is economic development • Start-ups • Business proximity (Milken Institute) • Quality of life • Social/culture/artistic vibrancy • Owsley Brown effect
Rather Than Investing In Higher Education • Revenue growth FY 07-12 – 1.1% • Expenditures – the bad news • Some History %
Students or Inmates? Source: KY Chamber of Commerce – Leaky Bucket
Education Pays Per Capita Income in All 50 States v. Adults with Bachelors Degrees or Higher Data for 2009
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