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3T Overview RSM 2115

3T Overview RSM 2115. Kevin Stolarick, PhD Research Director. Understanding Economic Activity. Regional (Smith, Marshall ). Understanding Economic Activity. Regional (Smith, Marshall ). Industrial (Porter). Understanding Economic Activity. Regional (Smith, Marshall ). Industrial

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3T Overview RSM 2115

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  1. 3T OverviewRSM 2115 Kevin Stolarick, PhD Research Director

  2. Understanding Economic Activity Regional (Smith, Marshall)

  3. Understanding Economic Activity Regional (Smith, Marshall) Industrial (Porter)

  4. Understanding Economic Activity Regional (Smith, Marshall) Industrial (Porter) Education, Skills (Glaeser)

  5. Understanding Economic Activity Regional (Smith, Marshall) Industrial (Porter) Education, Skills (Glaeser) Occupational (Florida)

  6. Understanding Economic Activity Regional (Smith, Marshall) Industrial (Porter) Education, Skills (Glaeser) Occupational (Florida) BOTH

  7. Why Occupations? Among all people who either work in the IT industry or work in an IT occupation (or both): 50.2% work in an IT occupation but not in the IT industry 25.7% work in the IT industry but aren't in an IT occupation Only 24.1% work in an IT occupation in the IT industry

  8. What is it about Pittsburgh?

  9. The “4Ts” Technology Regional Growth

  10. The “4Ts” Talent Technology Regional Growth

  11. The “4Ts” Talent Technology Regional Growth Tolerance (Inclusiveness)

  12. The “4Ts” Talent Technology Regional Growth Tolerance (Inclusiveness) Territory Assets (Amenities)

  13. The “4Ts” Talent Technology Regional Growth and Prosperity Tolerance (Inclusiveness) Territory Assets (Amenities)

  14. The Rise of the Creative Class

  15. The Rise of the Creative Class

  16. What is the Creative Class ? What You Do (Job Occupation) vs. Where You Work (Industry) 10 Year Job Growth Estimate • Working Class 10% • Service Class 14% • Creative Class 20%

  17. Who Works in Creative Class ? Creative Class Economy: TAPE T= Technology and R&D Innovation A= Arts and Culture P = Professional and Managerial E= Educating and Training

  18. U.S. Creative Economy

  19. Who are the 40,000,000?

  20. U.S. Creative Growth

  21. Workforce Structure - Classes

  22. Employment Structure of the Labour Market, 2008

  23. Employment Structure of the Labour Market, 2008

  24. Employment Structure of the Labour Market, 2008

  25. Share of creativity-oriented jobs is increasing

  26. Creative Ontario • Creative jobs are more common in larger cities • Eastern Ontario somewhat higher mainly due to Ottawa

  27. Creative Jobs as a Percent of Total Employment

  28. Service Class Jobs as a Percent of Total Employment

  29. Working Class Jobs as a Percent of Total Employment

  30. Agricultural Jobs as a Percent of Total Employment

  31. Nearly 80 percent of jobs in Canada are in services industries

  32. Employment by Industry in Canada from 1976 to 2006

  33. Output by Industry in Canada from 1976 to 2005

  34. Unemployment is higher in routine-oriented occupations especially in early 90s recession

  35. The “4Ts” Talent Technology Regional Growth and Prosperity Tolerance (Inclusiveness) Territory Assets (Amenities)

  36. Technology “A high technology base is both a necessary condition for and a result of a region having a strong creative economy. Being known as a "high-tech" region helps to attract the creative workforce, which, in turn, generates new technologies making the region even more high-tech.”

  37. Technology • High Technology: • Concentration of high-tech companies • Growth of high-tech companies • Innovation: • # of patented innovations per 1,000 people • Growth in patented innovations

  38. Technology

  39. Technology

  40. Talent “The concentration of people in the Creative and Super Creative Classes, has a stronger relationship with economic growth. Creative people don't just cluster where the jobs are. They cluster in places that are centers of creativity and also where they like to live. Places need a people climate -- or a creativity climate -- as well as a business climate.”

  41. Talent • Talent Index (Bachelors Degree and above) • % Super Creative (scientists,engineers, artists, musicians, designers) • % Creative Workers (super creative + professionals)

  42. Talent

  43. Talent

  44. Tolerance/Inclusiveness “Diversity has become a politically charged buzzword. To some it is an ideal and rallying cry, to others a Trojan-horse concept that has brought us affirmative action and other liberal abominations. Creative Class people use the word often, but not to press any political hot buttons. Diversity is simply something they value in all its manifestations.”

  45. Tolerance/Inclusiveness • Melting Pot Index (% foreign born) • Gay/Lesbian Index (% gay & lesbian population) • Boho Index (% culturally creative) • % Nonwhite & Non-black • % Interracial Marriage • Composite Diversity Index (CDI)

  46. Tolerance/Inclusiveness

  47. Tolerance/Inclusiveness

  48. Tolerance/Inclusiveness

  49. Territory Assets “What Creative people look for in communities are abundant high-quality amenities and experiences, an openness to diversity of all kinds, and above all else the opportunity to validate their identities as creative people. Places are valued for authenticity and uniqueness … Authenticity comes from several aspects of a community … It comes from the mix … Authenticity is the opposite of generic.”

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