Post on 10-Jan-2017
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The Future of Jobs in a
Disruptive World
PK Agarwal
Dean and CEOpk.agarwal@neu.edu
Agenda
>A Perspective on Disruption
>The Future of Jobs
> Call to Action
Problem of Perception
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We tend to overestimate the impact
of big changes in the short run and
underestimate in the long run.
#future-is-disruptive
Major Technological Innovations
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This Happens All The
Time
Someone Better Invent Insurance!
It is 1908 All Over Again!!
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More on Disruption• Waves of Innovation (ride the wave)
• Wealth Creation (and Economic Growth)
• Change to the existing order– New winners (and losers)
• Traditional success factors may not apply (College?)– Job obsolescence
• Culture change– A new lexicon (Google it)
• In early stages of a wave, everything looked at from the old lens– Horse less carriage, eMail, Selling (e Commerce)
Wealth Creation
Wealth Creation
Wealth CreationMarket Value of
Tech Companies
Worldwide (est.) :
$12-$14 Trillion
All the Gold
in the World:
$8.3 Trillion
187,000
Employees
4,200,000
Employees
Wealth Creation = Middle Class
Job Creation?
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http://www.nytimes.com/2014/04/28/business/economy/
recovery-has-created-far-more-low-wage-jobs-than-
better-paid-ones.html?_r=0
The Future of Jobs
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• Horses = 26.5 million
• Humans = 100.5 million
The Year Was 1915
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The Year Is 1915
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1 Million
Cars
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• Horses = 26.5 million
• Humans = 100.5 million
• 1 million cars on December 10, 1915
• What career advice would you give to
this guy?
The Year Was 1915
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• Horses = 1 million
• Humans = 320 million
• Testing driverless cars
• What career advice
would you give this guy?
The Year Is 2016
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5M Jobs
Economic Impact of Auto Accidents
US - Annually• 32,000 fatalities
• 3.9 million non-fatal injuries
• 24 million cars damaged
• $897/person
• 1.8% of GDP
• 90% of accidents are due to driver error
Economic Impact of Autonomous Cars
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http://www.web-strategist.com/blog
• Car Sales
• Auto Repair
• InsuranceReduced insurance premiums by 50%
You are no longer insuring the driver – then who?
• Health Care
• Roads, Bridges, etc
• Parking lots
#future-is-disruptive
• Genetics, Biotechnology
• Nanotechnology
• Robotics
• Smart Systems, AI/IA
• 3D Printing
• Sensors – Big data
• Machine Learning
• Sharing Economy
Forces of Disruption
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Headline Lorem Ipsum
Body content.
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Call to Action
• Re-skilling
• Up-skilling
• Entrepreneurship
• Partnership between Industry, Academia and
Government
Action Agenda
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• Federal TechHire initiative
• Re-skilling for 500,000 open positions
• $100 million grant program based on
commitments from private sector and
municipalities.
Call to Action: TechHire
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TechHire: Mayor Liccardo
• Brocade
• Cisco
• Citi Bank
• Ebay
• Ernest and
Young
• Iab Foundation
• IBM
• Jabil
• Nvidia
• Olympus
• Paypal
• Robert Half
International
• San Jose Chamber
of Commerce
• Silicon Valley
Leadership Group
• Symantec
• Synnex
• TechCU
• Tivo
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Master’s is the
New Bachelor’s
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13,700
8,200
6,700
3,800
54041622 3
2730
Computer Science Biotechnology Project Management Engineering Management Regulatory Affairs (Pharma)
Bay Area Graduate-Level Job Market Demand (Blue) vs. Master’s Degrees Produced (Red)
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“If you think education is expensive, try ignorance.”
Derek Bok President, Harvard University
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Kauffman Study
• 1980-2005, nearly all net job creation in the
United States occurred in firms less than five
years old.
• Without startups, net job creation for the
American economy would be negative in all but
a handful of years
This applies to practically all the
Countries in the World
Young Firms Drive Job Growth
and Economic Dynamism
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51http://www.indexmundi.com/g/r.aspx?t=0&v=2229&l=en
1.1 billion youth under the age of 25 in 2015
Entrepreneur to the Rescue
Agenda
>A Perspective on Disruption
>The Future of Jobs
> Call to Action
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The End