This document discusses the disruptive impact of technological innovation on jobs and the future of work. It argues that while disruptions often create new opportunities, they can also displace existing jobs and require retraining of workers. The document calls for partnerships between industry, academia and government to help reskill and upskill workers for emerging jobs through initiatives like TechHire. It emphasizes the need for entrepreneurship to drive job growth, and highlights how startups have historically created most net new jobs. The future will require lifelong learning to adapt to changing job demands.

1. 1
The Future of Jobs in a
Disruptive World
PK Agarwal
Dean and CEO
pk.agarwal@neu.edu

2. Agenda
>A Perspective on Disruption
>The Future of Jobs
> Call to Action

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. #future-is-disruptive

5. Major Technological Innovations
5

6. This Happens All The
Time

8. Someone Better
Invent Insurance!

9. It is 1908 All Over Again!!
9

11. 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)

12. Wealth Creation
Wealth Creation

13. Wealth Creation
Market Value of
Tech Companies
Worldwide (est.) :
$12-$14 Trillion
All the Gold
in the World:
$8.3 Trillion

14. 187,000
Employees
4,200,000
Employees

15. Wealth Creation = Middle Class
Job Creation?
15

16. 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

17. The Future of Jobs
17

18. • Horses = 26.5 million
• Humans = 100.5 million
The Year Was 1915
18

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20. 20

21. 21

22. 22

23. The Year Is 1915
23
1 Million
Cars

24. 24

25. 25

26. • 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

27. • Horses = 1 million
• Humans = 320 million
• Testing driverless cars
• What career advice
would you give this guy?
The Year Is 2016
27
5M Jobs

28. 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

29. 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

30. #future-is-disruptive

31. • 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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40. Headline Lorem Ipsum
Body content.
40

41. 41
Call to Action

42. • Re-skilling
• Up-skilling
• Entrepreneurship
• Partnership between Industry, Academia and
Government
Action Agenda
42

43. • 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

44. 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

45. 45
Master’s is the
New Bachelor’s

46. 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)

47. 47
“If you think education is
expensive, try ignorance.”
Derek Bok
President, Harvard University

48. 48

49. 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

50. Young Firms Drive Job Growth
and Economic Dynamism
50

51. 51http://www.indexmundi.com/g/r.aspx?t=0&v=2229&l=en

52. 1.1 billion youth under
the age of 25 in 2015

54. Entrepreneur
to the Rescue

55. Agenda
>A Perspective on Disruption
>The Future of Jobs
> Call to Action

56. 56
The End