1. The Retiring Baby Boomers: Will We Be Able To Replace Them?
Presented By:
Zach Mahaney

2. Rising Above The Gathering Storm
Due to Globalization, driven by modern
communications and other advances, workers in
virtually every sector must now face competitors
who live just a mouse-click away in Ireland,
Finland, China, India, or dozens of other nations
whose economies are growing.
This has been aptly referred to as the Death of Distance.
Source: Executive Summary, Rising Above the Gathering Storm, NAEIM

3. Economic Stresses Like Never Before
Technology is accelerating, and its effects are becoming more pervasive. Its affects not just what we produce but also what is asked of us and how we are organized to produce it.
Globalization is accelerating as well, with the links among nations becoming not just more numerous, but deeper, as the developing world moves to higher-valued services once thought the exclusive province of advanced nations.
Demographics in the United States are about to change dramatically, as baby boomers enter retirement and the prime-age adult populations shrink in comparison to the numbers of old and young.
SOURCE: 2005 National Education Summit on High Schools

4. Lifetime Earnings Analyzed
Source: U.S. Census Bureau, 2002

5. 0
1
2
3
4
5
6
7
8
9
1.7%
1.8
2.5
3.0
3.7
4.5
5.0
8.5
Higher Learning = Higher Earning
In todays world, those with a higher education will benefit most.
PROFESSIONAL
DEGREE
DOCTORATE
MASTERS
DEGREE
BACHELORS
DEGREE
ASSOCIATE
DEGREE
SOME COLLEGE
NO DEGREE
HIGH SCHOOL
GRADUATE
LESS THAN
HIGH SCHOOL
MEDIAN EARNINGS IN 2003
UNEMPLOYMENT IN 2004
Note: Earnings for year-round full-time workers 25 years and over; unemployment rate for those 25 and over
Source: Bureau of the Census: Bureau of Labor Statistics
Published by Postsecondary Education P.O. Box 415 Oskaloosa, Iowa 52577-0415 www.postsecondary.org

6. Economic Stresses Like Never Before
Technology is accelerating, and its effects are becoming more pervasive. Its affects not just what we produce but also what is asked of us and how we are organized to produce it.
Globalization is accelerating as well, with the links among nations becoming not just more numerous, but deeper, as the developing world moves to higher-valued services once thought the exclusive province of advanced nations.
Demographics in the United States are about to change dramatically, as baby boomers enter retirement and the prime-age adult populations shrink in comparison to the numbers of old and young.
Source: 2005 National Education Summit on High Schools

7. The World Is Shrinking Fast
Since,1993, the rise in the U.S. trade deficit with Canada and Mexico through 2002 has caused the displacement of production that supported 879,280 U.S. jobs.
Source: The High Price of Free Trade, Robert E. Scott, Economic Policy Institute

• Fears engendered by off shoring have a valid basis. Since January 2001, the U.S. economy has lost almost 2 million jobs.

Source: Understanding the Off shoring Challenge, Robert Atkinson, The New Economy

8. Challenged Like Never Before
U.S. lacking influx of engineers and scientists into the workforce
25% of current science and engineering workforce is over 50 years old
U.S. ranks 17th in world in students pursuing engineering and science degrees
Demand for these professionals will grow at 5 times the rate for other professions in the next several years

9. We need to be telling our kids to hurry up and eat and get to their homework - there are kids in China and India who are starving for our jobs
The Perfect Storm
The numbers gap
The ambition gap
The education gap
An Indian Engineer only earns1/5 the
wages of an American Engineer.
Source: Tough Choices or Tough Times, 2006, National Center on Education and the Economy

10. How Does The U.S. Measure Up Internationally?
17th in 8th grade reading
26th in 8th grade math
20th in 8th grade science
16th in high school graduation rates
South Korea, about the same size as
Ohio in square miles, graduates more
students with science, technology,
engineering and mathematics degrees
than the whole United States
SOURCE: Ohio Grant makers Forum: Educating for Ohios Future, Dec. 2006

11. What About Appalachia?

12. Workforce Reality

13. What Jobs?

14. Workforce Reality by 2012
SOURCE: Promise Abandoned A Report by the Education Trust August 2006

15. College Access: How Do We Compare?

16. ACT Research Results
Research results show that the level of readiness needed to enter workforce training programs and to enter college are comparable.
Level of expectation for students entering jobs offering a wage that can sustain a small family is the same as that needed for college.

17. Factory Workers Analyzed
SOURCE: U.S. Bureau of Labor Statistics, 2003

18. Even Blue-Collar Jobs Require Higher-Level Skills
Requirements for tool and die makers
Four or five years of apprenticeship and/or postsecondary training
Algebra, geometry, trigonometry and statistics
Requirements for sheet metal workers
Four or five years of apprenticeship
Algebra, geometry, trigonometry and technical reading
SOURCE: National Association of Manufacturers

19. Societal Change?
For the past 25 years, we have optimized
our organizations for efficiency and
quality.
Over the next quarter century, we must
optimize our entire society for innovation.
Source: Tough Choices or Tough Times, 2006, National Center on Education and the Economy

20. Higher Education Act of 1965
Purpose to provide the opportunity for more lower and middle income families to go to college
Reality: Today we have not only less mobility than we did twenty years ago, but also less than in most other developed countries
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SOURCE: Hancock, 2006

21. Solution
Revise Higher Education Act of 1965 to pay for an associate degree for every student
Upon graduation if student is not employed within six months, they work for a government civilian core to obtain experience for employment
Provide 80% income tax deduction for education beyond an Associate Degree
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22. Technology and the Economy

23. The Road We Must Take?
The average wages of high school graduates and non-completers have fallen over the last two decades
The average income of those who went beyond high school has risen
Technology and trade will separate the economy into two camps-those with the skills to participate in the global economy and those who lack them
If we do not make a concerted effort to move our society beyond this boundary, we run the risk of losing our middle class
SOURCE: A Common Core Curriculum For The New Century

24. Americas Secret Sauce
A mixture of institutions, laws, and cultural norms that produce a level of trust, innovation, and collaboration that has enabled us to thrive for more the two centuries and constantly renew our economy and raise our standard of living
America must continueto roll up its sleeves
educate its young people the right wayfor these times and tend to and enrich the secrets of our sauce
SOURCE: Friedman, The World is Flat 2006

25. Did You Know?? Educate Yourself
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