What’s Going On?

Dr. Michael Edmondson

http://internetworldstats.com/stats.htm

Global Internet Rates

Global Population Projections

"Every two days we create as much information as we did from the dawn of civilization up until 2003 which amounts to an estimated five exabytes of data.“ former Google CEO Eric Schmidt

Amount of Information

People in the U.S. are consuming information 11.8 hours every day, and they are doing it in many different ways:

11.8 Hours Every Day

250 million photos uploaded onto Facebook every day.

Photo Literacy

48 hours of video uploaded every minute to YouTube.

Video Literacy

Over 8,000 coding languages; new ones on the way.

Coding Literacy

Expected to grow from $67 billion in 2012 to $82 billion in 2017 with game playing in 70% of all households.

Gaming Literacy

Between Apple and Android, over 1.5 million apps in existence and this number is climbing rapidly.

App Literacy

Search Literacy

Hyper-connected"Thanks to cloud computing, robotics, 3G wireless connectivity, Skype, Facebook, Google, LinkedIn, Twitter, the iPad, and cheap Internet-enabled smartphones, the world has gone from connected to hyper-connected. This is the single most important trend in the world today and why to get into the middle class now, you have to study harder, work smarter and adapt quicker than ever before.“ Thomas Friedman (August 13, 2011 New York Times)

As Thomas Friedman wrote in a January 25, 2012 New York Times editorial: "Being average just won't earn you what it used to. Everyone needs to find their unique value contribution that makes them stand out in whatever is their field of employment. Average is over."

Being Average Is Over

Stagnant Incomes

Tuition v. Income Gap Grows

Grad Students & Food Stamps

Year Inflation

2012 2.10%

2011 3.20%

2010 1.60%

2009 -0.40%

2008 3.80%

2007 2.80%

2006 3.20%

2005 3.40%

2004 2.70%

2003 2.30%

2002 1.60%

2001 2.80%

2000 3.40%

Total 32.50%

U.S. Per Capita Income Trend

U.S. Personal/Household Income

http://www.theatlantic.com/business/archive/2014/01/the-worlds-85-richest-people-are-as-wealthy-as-the-poorest-3-billion/283206/

http://www.oxfam.org/sites/www.oxfam.org/files/bp-working-for-few-political-capture-economic-inequality-200114-en.pdf

http://www.oxfam.org/sites/www.oxfam.org/files/bp-working-for-few-political-capture-economic-inequality-200114-en.pdf

Free Agents Increasing

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