Everyone in US needs to understand that if after fifty or even twenty years from now, they want to see US still as developed country they need to focus on one thing.. Education.. Do whatever it takes to do but fix education system. Reform it or just throw all the money on it but make sure that there is great education available to all of the kids from K-12 to College level. Innovation and Intellectual Property is going to be key to progress of every nation. If US can't keep it up with rest of the emerging economies on this area, then they should be ready to accept that very soon they will also become emerging economy.
I was thinking about impact of transformational technologies on jobs profiles.. I thought, I will list down some broad transformational technological changes are having on our daily lives and in turn what is happening to job market due to them.. Some of them are listed here:
1) Netflix/Apple-iTunes on Video Rental shops like Blockbuster/Hollywood
2) Amazon kind of online sales on general Retail
3) Facebook on general social gathering
4) Google Search on Call Center or say Directory Services
5) Cisco Telepresence on Travel
6) Smart Meters on PG&E Meter Readers
Except for few of the above like Facebook, which actually facilitates meeting of friends and relatives more often and thus increasing service requirements and thus jobs.. rest all categories, ultimately result in net job loss. Essentially most of the technological revolutions are based on one sound principle.. they simply want to increase productivity and remove middle-man and thus cut costs.
Now, all of the categories, do create jobs and cut jobs somewhere. Let us take a look at who is winner and who is looser. Most of the jobs lost are in retail and service sector. Most of the job gains are in programming, architecture.. basically high-mid end technological jobs. What kind of profile these jobs are related to? Education!! Education!! that is what matters most. With latest growth in bio-tech side, even undergraduate degree is not enough..
Unless, US does to bring passion for science and Maths among students, they can't imagine themselves being super power any more.. It is some more borrowed time we will be relatively developing economy or emerging economy as we talk about many other nations....
Netflix Vs Hollywood/Blockbuster
I was thinking about impact of transformational technologies on jobs profiles.. I thought, I will list down some broad transformational technological changes are having on our daily lives and in turn what is happening to job market due to them.. Some of them are listed here:
1) Netflix/Apple-iTunes on Video Rental shops like Blockbuster/Hollywood
2) Amazon kind of online sales on general Retail
3) Facebook on general social gathering
4) Google Search on Call Center or say Directory Services
5) Cisco Telepresence on Travel
6) Smart Meters on PG&E Meter Readers
Except for few of the above like Facebook, which actually facilitates meeting of friends and relatives more often and thus increasing service requirements and thus jobs.. rest all categories, ultimately result in net job loss. Essentially most of the technological revolutions are based on one sound principle.. they simply want to increase productivity and remove middle-man and thus cut costs.
Now, all of the categories, do create jobs and cut jobs somewhere. Let us take a look at who is winner and who is looser. Most of the jobs lost are in retail and service sector. Most of the job gains are in programming, architecture.. basically high-mid end technological jobs. What kind of profile these jobs are related to? Education!! Education!! that is what matters most. With latest growth in bio-tech side, even undergraduate degree is not enough..
Unless, US does to bring passion for science and Maths among students, they can't imagine themselves being super power any more.. It is some more borrowed time we will be relatively developing economy or emerging economy as we talk about many other nations....
Netflix Vs Hollywood/Blockbuster
1 comment:
Instead of doubling education budget they should think of bringing the cost of higher education down. U.S. was a center for education and has benefited from brain drain from other other countries. But now, there is a reverse brain drain happening due to higher costs. More and more high school graduates are either not going to college or going to college oversees. This trend needs to be fixed.
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