Pk Agrawal, President of Northeastern University, Silicon Valley

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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23. The Year Is 1915
23
1 Million
Cars

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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