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Article 6. Looking ahead to our place in the next Economy. By: Matthew Budman Presented by: Chris Keen, Ashley Jacobs, Shane Banks, Seema Bhattiprolu . Outsourcing. Not just manufacturing jobs are being outsourced.

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Looking ahead to our place in the next economy l.jpg

Article 6

Looking ahead to our place in the next Economy

By: Matthew Budman

Presented by: Chris Keen, Ashley Jacobs, Shane Banks, Seema Bhattiprolu


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Outsourcing

  • Not just manufacturing jobs are being outsourced.

  • U.C. Berkley estimates 14M white collared jobs are at risk of being outsourced (11% of all jobs).

  • It’s just common sense for business’s to outsource, to have the same job done for less.


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An Undeniable Fact

  • There will always be job here in the U.S.

  • The U.S. is the top destination spot for those seeking economic prosperity.

  • It may be cheaper, but that’s not where I want to be.


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Applaud the Job Exodus

  • More and more manufacturing jobs are being exported overseas

  • One analyst sees this as a signal that the country is advancing by replacing these lower-level jobs

  • New innovations create new jobs and drive new sectors to mature therefore forcing these jobs to migrate down the global food chain


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Applauding the Job Exodus Cont.

  • Although jobs are shifting from the U.S. to other countries, the U.S. maintains its competitive advantage of creativity and innovative thinking

  • Income is predicted to fall to the level of those in other countries that have the same skills or we will be forced to develop different skills.


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Staying Ahead of the Curve

  • U.S. workers will have to make efforts on an individual and national level to stay ahead of other countries

  • One way for the country to stay ahead of the rest is to work on bringing high speed internet connections into every home and business

  • Secondly, more people should be pushed to receive advanced math, science, and technology education


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Staying ahead of the Curve Cont.

  • A company that wishes to survive, should encourage creative thinking not only in the workforce but also on an organizational level


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Keeping Up on Your Own

  • Tomorrow’s successful knowledge worker will be the one who can cope with an increasingly unstable world

  • Be comfortable with uncertainty

  • Constantly raise your own bar

  • Expand your scope of knowledge and vision


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Where will the jobs come from?

  • We are still in the early stages of the information age

  • The next boom will likely be in biotech, energy and nanotechnology

  • Sustainability – “the triple bottom line idea”

  • Is there are silver lining?


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Conclusion

  • Outsourcing will not stop. (applaud the job exodus?)

  • Conceive your job as entrepreneurial

  • Knowledge and information is the key

  • Age of uncertainty


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