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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

• Google

• Iab Foundation

• IBM

• Jabil

• Linkedin

• 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