Labor Market Perspectives

1
Labor Market Perspectives

• Global to Local Whats Happening in the Workforce

2
Going Global

• Global, knowledge-based society
• Innovation-based society emerging
• Jobs moving to India China
• successnovelty
• Tech changes relations
• Todays jobs ? tomorrows
• Aging population
• Change is accelerating

3
Globalization

• Globalization has made capital, technology and
  methods of production mobile Not since the
  industrial revolution has there been a
  transformation of this magnitude, and that
  revolution took one hundred and fifty years to
  complete.
• By comparison the new revolution is a mere
• 25 years old.

4
Good Jobs may be anywhere

• 5 Hottest Global Job Markets-CNN Money.com
• Canada
• Denmark
• Japan
• Romania
• Australia
• Good Jobs Index fair just
• 5 components

5
Global Higher Education

• Between 1990 and 2005, worldwide higher education
  enrollment doubled while the U.S. share of those
  enrollments and degrees, particularly in science
  and engineering, fell rapidly.

6
U.S. Work-Life Earnings by Educational Attainment

• (In millions of 1999 dollars)
• Not high school graduate 1.0
• High school graduate 1.2
• Some college 1.5
• Associate's degree 1.6
• Bachelor's degree 2.1
• Master's degree 2.5
• Professional degree 4.4
• Doctoral degree 3.4

7
US Labor Market by Education
Unskilled 15
Skilled 65
Professional 20
8
Other Issues

• Shifting economy
• Manufacturing to Service/Information
• Baby Boomers
• Infrastructure/Energy needs

9
Sex, Education Earnings

• Among all workers, including part-time workers,
  the female-to-male earnings ratio was 0.57.
• The Big Payoff Educational Attainment and
  Synthetic Estimates of Work-Life Earnings
• US Census Bureau 2002

10
During/Post Recession
Who Knows?

• American Recovery Restoration Act
• Energy/Infrastructure/Education/Healthcare

11
California, here we come!

• Population changes
• Lack of training for replacements
• Leader in sustainable resources, biotechnology,
  aviation, agriculture
• 9th largest economy in world

12
Top Jobs in CA

• Projected 2006-2016 Job Openings
• Opportunities requiring a bachelors degree or
  higher median
• Computer Software Engineers, Applications
  53,800 96,476
• Management Analysts 32,000 75,914
• Accountants and Auditors 58,200 62,130
• Secondary School Teachers 57,000 62,779
• Opportunities requiring two years of training or
  education
• Registered Nurses 99,000 78,418
• Police and Sheriffs Patrol Officers 27,300
  73,511
• Office Support Supervisors 51,600 49,793
• Computer Support Specialists 29,400 48,372
• Opportunities requiring up to one year of
  training or work experience
• Executive Secretaries 74,000 43,632
• Heavy Truck Drivers 47,700 40,206
• Bookkeeping, Accounting, and Auditing Clerks
  71,400 36,643
• Medical Assistants 25,700 29,829

13
Sacramento gold

• EDD stats
• Travel/tourism
• Biotechnology
• Energy technology
• Public sector
• Viticulture
• Other hidden gems

14
Education/Training Responses

• SB 70
• Tech Prep
• CTEA
• ARRA
• Other stimulus projects

15
Changing Workplace

• First time4 generations
• Entrepreneur
• Transferable skills
• Computers/technology
• Soft skills
• Job changes up to 10 times
• Career changes 3-5 times

16
How Can Education Help?

• Career development at early stage
• Attaining career AND academic maturity
• Labor market knowledge
• Skill set development
• Growing emphasis on industry sectors/pathways
• Exploration/education/experience

17
Questions/Input?