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The future of jobs in a disruptive wold

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Pk Agrawal, President of Northeastern University, Silicon Valley

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The future of jobs in a disruptive wold

  1. 1. 1 The Future of Jobs in a Disruptive World PK Agarwal Dean and CEO pk.agarwal@neu.edu
  2. 2. Agenda >A Perspective on Disruption >The Future of Jobs > Call to Action
  3. 3. Problem of Perception 3 We tend to overestimate the impact of big changes in the short run and underestimate in the long run.
  4. 4. #future-is-disruptive
  5. 5. Major Technological Innovations 5
  6. 6. This Happens All The Time
  7. 7. Someone Better Invent Insurance!
  8. 8. It is 1908 All Over Again!! 9
  9. 9. 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)
  10. 10. Wealth Creation Wealth Creation
  11. 11. Wealth Creation Market Value of Tech Companies Worldwide (est.) : $12-$14 Trillion All the Gold in the World: $8.3 Trillion
  12. 12. 187,000 Employees 4,200,000 Employees
  13. 13. Wealth Creation = Middle Class Job Creation? 15
  14. 14. 16 http://www.nytimes.com/2014/04/28/business/economy/ recovery-has-created-far-more-low-wage-jobs-than- better-paid-ones.html?_r=0
  15. 15. The Future of Jobs 17
  16. 16. • Horses = 26.5 million • Humans = 100.5 million The Year Was 1915 18
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  21. 21. The Year Is 1915 23 1 Million Cars
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  24. 24. • 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 26
  25. 25. • Horses = 1 million • Humans = 320 million • Testing driverless cars • What career advice would you give this guy? The Year Is 2016 27 5M Jobs
  26. 26. 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
  27. 27. Economic Impact of Autonomous Cars 29 http://www.web-strategist.com/blog • Car Sales • Auto Repair • Insurance Reduced insurance premiums by 50% You are no longer insuring the driver – then who? • Health Care • Roads, Bridges, etc • Parking lots
  28. 28. #future-is-disruptive
  29. 29. • Genetics, Biotechnology • Nanotechnology • Robotics • Smart Systems, AI/IA • 3D Printing • Sensors – Big data • Machine Learning • Sharing Economy Forces of Disruption 31
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  38. 38. Headline Lorem Ipsum Body content. 40
  39. 39. 41 Call to Action
  40. 40. • Re-skilling • Up-skilling • Entrepreneurship • Partnership between Industry, Academia and Government Action Agenda 42
  41. 41. • 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 43
  42. 42. 44 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
  43. 43. 45 Master’s is the New Bachelor’s
  44. 44. 46 13,700 8,200 6,700 3,800 540416 22 3 273 0 Computer Science Biotechnology Project Management Engineering Management Regulatory Affairs (Pharma) Bay Area Graduate-Level Job Market Demand (Blue) vs. Master’s Degrees Produced (Red)
  45. 45. 47 “If you think education is expensive, try ignorance.” Derek Bok President, Harvard University
  46. 46. 48
  47. 47. 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
  48. 48. Young Firms Drive Job Growth and Economic Dynamism 50
  49. 49. 51http://www.indexmundi.com/g/r.aspx?t=0&v=2229&l=en
  50. 50. 1.1 billion youth under the age of 25 in 2015
  51. 51. Entrepreneur to the Rescue
  52. 52. Agenda >A Perspective on Disruption >The Future of Jobs > Call to Action
  53. 53. 56 The End

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