Transcript The Working World

The World of Work
Zachary Hamilton, Scott Kernan,
Lauren Lee, & Ryan Smith
Presented by Zachary Hamilton
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Average Pay $5 a day
More People living in cities than on farms
Assembly line workers
Buying on Credit for the first time
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1929-1941
Hit the “Little Man” More than 750,000
farmers lost their farms.
25% unemployment rate vs. 9.6% today
Lasted until wartime economy began in 1939
in response to WWII.
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WWII 1939-1945
Production of military surplus creates new
jobs.
In 1943 more than 40% of the national GNP.
Unemployment falls from over 25% to 1.2%
The workforce has disposable income.
The Great Depression is finally over.
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U.S emerges from WWII as an Economic
Superpower.
Baby Boom!
The workforce transitions from blue collar
jobs to white collar careers throughout
1950’s
By 1956 there are more white collar workers
than blue for the first time in US history.
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1960’s and 70’s
Mostly White Collar Jobs
Inflation
Vietnam War
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80’s and 90’s
Technology creates even more white collar
jobs
Small farms still suffer
Economy explodes
Corporate Earning Skyrocket
Personal Income increases
Presented by Scott Kernan
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This is a world economy
No longer stay within our borders
Every country is connected in some way
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There is a direct link between your education
level and economic well being
Basic economics:
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The more money you have, the more you spend
The more you spend, the better your economy
Applies to micro and macro economics
Your economic well being raises the
country's GDP
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Education, Education, Education
Direct link between cognitive skills and
education attained with economic well being
Masters - $65K and above / year
Bachelors - $53 k / year
High School - $32 k /year
40
35
30
25
20
15
10
5
0
United Kingdom
Canada
Netherlands
Hong Kong
China
France
Singapore
Belgium
Ireland
New Zealand
United States
A ustralia
Japan
Germany
Sw itzerland
Denmark
South Korea
Sw eden
Finland
Israel
Number of Universities
110
16000000000000
108
14000000000000
106
12000000000000
104
10000000000000
102
100
National A vg. IQ
8000000000000
National GDP
98
6000000000000
96
4000000000000
94
2000000000000
92
South Korea
Singapore
Japan
Italy
United States
Iceland
Here are the top 5 countries based on IQ
scores. The USA is in 10th place with 30
countries getting the same or greater IQ
score.
0
Japan
United States
China
European Union
Germany
India
This is a ranking of the top 6
countries based on GDP.
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The United States is still a super power
Not at the top
Forces us to work with other countries
Have to know other cultures
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Wal-Mart and Germany
Our education has to reflect the world
economy
Tie between education and economy
Presented by Ryan Smith
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Lower chance of unemployment
Raises personal income
◦ Financial security
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Increases the opportunities you’ll have in the
work force
Strengthen Americas Economy, and work
force
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Levels of Education for the U.S. Population
AGES 25-65
12.8% Less than high school
27.1% High school graduate (or equivalent)
22.2% Some college, no degree
37.9% College degree
◦ 8.4% Associate degree
◦ 19.0% Bachelor’s degree
◦ 10.5% Graduate or professional degree
*Data are 2009 annual averages for persons age 25 and over. Earnings are for full-time wage and salary
workers
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Average Cost
◦ Public 4-year school, about $19,000 per year
 ($76,000 for 4 years)
◦ Private 4-year for-profit, about $28,000 per year
 ($112,000 for 4 years)
◦ Private 4-year nonprofit, about $35,000 per year
 ($140,000 for 4 years)
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Is it worth it?
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Average Lifetime Earnings—Different Levels of
Education.
$4.4 Professional Degree
$3.4 Doctoral Degree
$2.5 Master's Degree
$2.1 Bachelor's Degree
$1.6 Associate's Degree
$1.5 Some College
$1.2 High School Graduate
$1.0 Some High School
Source: U.S. Census Bureau, Current Population
Surveys, March 1998, 1999, and 2000.
Presented by Lauren Lee
Against
 More money = Greedy/Snob
 People with less $ =
nicer/wiser
For
 Lower income = poor
 High paying job = happy&
easy life
 Lots of $$ to retire happy
$$ gives a
better well
being.
It provides
support &
security
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Happiness Increase
Healthy body-nutrition &
exercise
Healthy mind-social life &
time to yourself
Healthy Attitude- Optimism
Healthy relationships
Healthy work place- Job
with passion
Healthy lifestyle- time
management skills,
volunteer work
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Happiness is brought by
a multitude of many
different things. $$
can’t buy happiness,
but it can provide a
better well being = less
stress
(For some that is
happiness)
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"Best Universities - Top Schools - Colleges 2008 Rankings." Photius
Coutsoukis; Photius; Photios; Fotis Koutsoukis - Sustained by
Working Capital in the World. 4 Oct. 2008. Web. 16 Nov. 2010.
<http://www.photius.com/rankings/best_universities_2008.html>.
"CIA - The World Factbook." Welcome to the CIA Web Site — Central
Intelligence Agency. 14 Nov. 2010. Web. 16 Nov. 2010.
<https://www.cia.gov/library/publications/the-worldfactbook/rankorder/2001rank.html>.
"Education Pays ..." U.S. Bureau of Labor Statistics. 27 May 2010.
Web. 16 Nov. 2010.
<http://www.bls.gov/emp/ep_chart_001.htm>.
Hanushek, Eric A. and Woessmann, Ludger, The Role of Education
Quality for Economic Growth (February 1, 2007). World Bank Policy
Research Working Paper No. 4122. Available at SSRN:
http://ssrn.com/abstract=960379
Lynn, Richard, Tatu Vanhanen, and Jelte Wicherts. "National IQ
Scores." Photius. 10 May 2010. Web. 16 Nov. 2010.
<http://www.photius.com/rankings/national_iq_scores_country_ra
nks.html>.
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Propp, Julia. "Bruno S. Frey: Happiness Research in Economics—A
Revolution?" Journal of Happiness Studies 10.4 (2009): 499-502. Print.
Headey, Bruce, Ruud Muffels, and Mark Wooden. "Money Does Not Buy
Happiness: Or Does It? A Reassessment Based on the Combined Effects
of Wealth, Income and Consumption." Social Indicators Research 87.1
(2008): 65-82. Print.
Anielski, Mark. The Economics of Happiness: Building Genuine Wealth.
Gabriola, B.C.: New Society, 2007. Print.
US Census Bureau. "Job Salary Earnings Comparison - College
Degrees and High School Diploma." Top Online Colleges &
Universities | Online Degrees & Education at EarnMyDegree.com.
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Web. 18 Nov. 2010. <http://www.earnmydegree.com/onlineeducation/learning-center/education-value.html>.
U.S. News Staff. "The Average Cost of a U.S. College Education - US
News and World Report." Breaking National and World News - US
News. Web. 17 Nov. 2010.
<http://politics.usnews.com/opinion/articles/2010/08/24/theaverage-cost-of-a-us-college-education.html>.
Rubric for E-Poster
Categories: Exemplary, Mature, Competent, Developing, Undeveloped
_M_Teaches something interesting or important to the target audience
_M_Claims and sub-claims are clearly supported
_M_Contains an effective introduction and conclusion
_M_Is cohesive. It sounds like a single presentation and not a series of uncoordinated minipresentations.
_M_Is well-organized. The viewer can follow your presentation, and does not get “lost.”
_M_Covers the subject matter well
_M_Captures and keeps the audience’s attention.
_M_Visual aids contain an appropriate amount of material
_M_Visual aids contain appropriate content
_M_ Visual aids are readable, and do not contain overly distracting visual elements
_M_Is presented in a smooth and polished manner
You had a lot of interesting, well-illustrated research. A few of your illustrations have labels and
captions that are hard to read. Sometimes the only way to get around that is to recreate the graphic
your self and then cite it as “Data from…” Or work some Photoshop magic on it (select the text, cut
it, size it up, and reposition it). I’m not clear on what the U.S.’s rank in terms of IQ in meant to be
indicative of? Is it just meant as a measure of our resources as a nation, or are you making a claim
for it as something we’ve accomplished?
Grade: 90