October 9, 2012
Dr. Alan Krueger, Chairman of the President's Council of Economic Advisors and member of Cabinet
Dr. Alan Krueger, Chairman of President Barack Obama's Council of Economic Advisers and a member of the Cabinet, spoke to a packed house on Monday afternoon on DMACC Urban Campus.His talk focused on the "State of the U.S. Economy."
Krueger said the recent financial crisis resulted in a loss of nearly $16 trillion in wealth. He said the economy has regained $11.5 trillion and is on the mend, although we are still down $5 trillion in wealth.
He was confirmed by the U.S. Senate on Nov.3rd, 2011. He is currently on leave from Princeton University, where he is the Bendheim Professor of Economics and Public Affairs. A labor economist, Krueger has published widely on unemployment, the economics of education, income distribution, social insurance, regulation, terrorism, finance and the environment. Alan Krueger received a B.S. degree, with honors, from Cornell University's School of Industrial & Labor Relations in 1983, an A.M. in Economics from Harvard University in 1985, and a Ph.D. in Economics from Harvard University in 1987.
October 4, 2012
Jim Clifton, CEO of Gallup
Ankeny Campus FFA Center
Jim Clifton, CEO of Gallup, creator of The Gallup Path and author of the book, "The Coming Jobs War", delivered the keynote address to nearly 500 people at the Iowa 2012 Advanced Manufacturing Conference at the DMACC Ankeny Campus FFA Enrichment Center on Thursday, October 4. Clifton said his polling showed nearly half of the world lives on less than $2 per day, but until recent technological changes, most didn't know they were in bad financial shape. He said today the will of the whole world is to have a good job.
- Gallup company was founded in Iowa
- George Gallup began polling in Iowa City at University of Iowa (UI)
- George Gallup once said "If Democracy is about the will of the people, someone should point out what that will is."
- Today Gallup takes the pulse of the world through 2,000 professionals located in 40 offices around the world. The company conducts continuous polling of in 160 countries. www.gallup.com
"The Coming Job Wars"
- There has been a global awakening. People all over world want a good job and are in pursuit of a good job.
- Of the 5 billion people in the survey; 3 billion want a good job.
- A good job is defined as a person working 30+ hours per week at a consistent location.
- The problem is there are only 1.5 billion good jobs in world today. As a result, there will be an economic war for jobs.
- Through tech driven innovation and new products, America has created a whole new future for the world over the past 30 years.
- Global sales of products and services are currently $60 trillion. In the next 30 years it will jump to $200 trillion.
- The question is can America and Canada maintain its 25 percent market share?
- China will be our main economic competition. As China becomes richer all those things that make America great goes away.
- The U.S. has done a great job with innovation. However, now we have an oversupply of innovation and an undersupply of entrepreneurship.
- Innovation doesn't create jobs. Innovation doesn't create value until there is a customer.
- We must, as a nation, do a better job identifying and encouraging entrepreneurs. Entrepreneurs are crucial to economic survival of U.S.
- Winner of next economic war will have most entrepreneurs
- U.S. doesn't have enough people starting companies
- Local leadership is crucial to regional economic growth and vibrancy. Leadership makes a difference in local dominance.
- Make development of local entrepreneurs a priority.
- All of us have to do a better job at work to win world economic competition.
October 2, 2012
Seth Harris, Deputy U.S. Labor Secretary
Ankeny Campus FFA Center