The World of Work

Zachary Hamilton, Scott Kernan, Lauren Lee, & Ryan Smith

Presented by Zachary Hamilton

Average Pay $5 a day More People living in cities than on farms Assembly line workers Buying on Credit for the first time

1929-1941 Hit the “Little Man” More than 750,000

farmers lost their farms. 25% unemployment rate vs. 9.6% today Lasted until wartime economy began in

1939 in response to WWII.

WWII 1939-1945 Production of military surplus creates new

jobs. In 1943 more than 40% of the national GNP. Unemployment falls from over 25% to 1.2% The workforce has disposable income. The Great Depression is finally over.

U.S emerges from WWII as an Economic Superpower.

Baby Boom! The workforce transitions from blue collar

jobs to white collar careers throughout 1950’s

By 1956 there are more white collar workers than blue for the first time in US history.

1960’s and 70’s Mostly White Collar Jobs Inflation Vietnam War

80’s and 90’s Technology creates even more white collar

jobs Small farms still suffer Economy explodes Corporate Earning Skyrocket Personal Income increases

Presented by Scott Kernan

This is a world economy No longer stay within our borders Every country is connected in some way

There is a direct link between your education level and economic well being

Basic economics: The more money you have, the more you spend The more you spend, the better your economy

Applies to micro and macro economics Your economic well being raises the

country's GDP

Education, Education, Education Direct link between cognitive skills and

education attained with economic well being

Masters - $65K and above / year Bachelors - $53 k / year High School - $32 k /year

United StatesUnited Kingdom

AustraliaCanada

JapanNetherlands

GermanyHong Kong

SwitzerlandChina

DenmarkFrance

South KoreaSingapore

SwedenBelgium

FinlandIreland

IsraelNew Zealand

0

5

10

15

20

25

30

35

40

Number of Universities

SingaporeSouth Korea

JapanItaly

IcelandUnited States

92

94

96

98

100

102

104

106

108

110

National Avg. IQ

Here are the top 5 countries based on IQ scores. The USA is in 10th place with 30 countries getting the same or greater IQ score.

European UnionUnited States

ChinaJapan

IndiaGermany

0

2000000000000

4000000000000

6000000000000

8000000000000

10000000000000

12000000000000

14000000000000

16000000000000

National GDP

This is a ranking of the top 6 countries based on GDP.

The United States is still a super power Not at the top Forces us to work with other countries Have to know other cultures

Wal-Mart and Germany Our education has to reflect the world

economy Tie between education and economy

Presented by Ryan Smith

Lower chance of unemployment Raises personal income

◦ Financial security Increases the opportunities you’ll have in

the work force Strengthen Americas Economy, and work

force

Levels of Education for the U.S. Population

AGES 25-65 12.8% Less than high school 27.1% High school graduate (or equivalent) 22.2% Some college, no degree 37.9% College degree

◦ 8.4% Associate degree◦ 19.0% Bachelor’s degree◦ 10.5% Graduate or professional degree

*Data are 2009 annual averages for persons age 25 and over. Earnings are for full-time wage and salary workers

Average Cost◦ Public 4-year school, about $19,000 per year

($76,000 for 4 years)◦ Private 4-year for-profit, about $28,000 per year

($112,000 for 4 years)◦ Private 4-year nonprofit, about $35,000 per year

($140,000 for 4 years)

Is it worth it?

Average Lifetime Earnings—Different Levels of Education.

$4.4 Professional Degree $3.4 Doctoral Degree $2.5 Master's Degree $2.1 Bachelor's Degree $1.6 Associate's Degree $1.5 Some College $1.2 High School Graduate $1.0 Some High School

Source: U.S. Census Bureau, Current Population Surveys, March 1998, 1999, and 2000.

Presented by Lauren Lee

Against More money = Greedy/Snob People with less $ =

nicer/wiser

For Lower income = poor High paying job = happy&

easy life Lots of $$ to retire happy

$$ gives a better well

being.It provides support & security

Happiness Increase

Healthy body-nutrition & exercise

Healthy mind-social life & time to yourself

Healthy Attitude- Optimism Healthy relationships Healthy work place- Job

with passion Healthy lifestyle- time

management skills, volunteer work

Happiness is brought by a multitude of many different things. $$ can’t buy happiness, but it can provide a better well being = less stress(For some that is happiness)

"Best Universities - Top Schools - Colleges 2008 Rankings." Photius Coutsoukis; Photius; Photios; Fotis Koutsoukis - Sustained by Working Capital in the World. 4 Oct. 2008. Web. 16 Nov. 2010. <http://www.photius.com/rankings/best_universities_2008.html>.

"CIA - The World Factbook." Welcome to the CIA Web Site — Central Intelligence Agency. 14 Nov. 2010. Web. 16 Nov. 2010. <https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html>.

"Education Pays ..." U.S. Bureau of Labor Statistics. 27 May 2010. Web. 16 Nov. 2010. <http://www.bls.gov/emp/ep_chart_001.htm>.

Hanushek, Eric A. and Woessmann, Ludger, The Role of Education Quality for Economic Growth (February 1, 2007). World Bank Policy Research Working Paper No. 4122. Available at SSRN: http://ssrn.com/abstract=960379

Lynn, Richard, Tatu Vanhanen, and Jelte Wicherts. "National IQ Scores." Photius. 10 May 2010. Web. 16 Nov. 2010. <http://www.photius.com/rankings/national_iq_scores_country_ranks.html>.

Propp, Julia. "Bruno S. Frey: Happiness Research in Economics—A Revolution?" Journal of Happiness Studies 10.4 (2009): 499-502. Print.

Headey, Bruce, Ruud Muffels, and Mark Wooden. "Money Does Not Buy Happiness: Or Does It? A Reassessment Based on the Combined Effects of Wealth, Income and Consumption." Social Indicators Research 87.1 (2008): 65-82. Print.

Anielski, Mark. The Economics of Happiness: Building Genuine Wealth. Gabriola, B.C.: New Society, 2007. Print.

US Census Bureau. "Job Salary Earnings Comparison - College Degrees and High School Diploma." Top Online Colleges & Universities | Online Degrees & Education at EarnMyDegree.com. Web. 18 Nov. 2010. <http://www.earnmydegree.com/online-education/learning-center/education-value.html>.

U.S. News Staff. "The Average Cost of a U.S. College Education - US News and World Report." Breaking National and World News - US News. Web. 17 Nov. 2010. <http://politics.usnews.com/opinion/articles/2010/08/24/the-average-cost-of-a-us-college-education.html>.

Rubric for E-Poster Categories: Exemplary, Mature, Competent, Developing, Undeveloped _M_Teaches something interesting or important to the target audience_M_Claims and sub-claims are clearly supported _M_Contains an effective introduction and conclusion_M_Is cohesive. It sounds like a single presentation and not a series of uncoordinated mini-presentations._M_Is well-organized. The viewer can follow your presentation, and does not get “lost.”_M_Covers the subject matter well_M_Captures and keeps the audience’s attention._M_Visual aids contain an appropriate amount of material_M_Visual aids contain appropriate content_M_ Visual aids are readable, and do not contain overly distracting visual elements_M_Is presented in a smooth and polished manner

You had a lot of interesting, well-illustrated research. A few of your illustrations have labels and captions that are hard to read. Sometimes the only way to get around that is to recreate the graphic your self and then cite it as “Data from…” Or work some Photoshop magic on it (select the text, cut it, size it up, and reposition it). I’m not clear on what the U.S.’s rank in terms of IQ in meant to be indicative of? Is it just meant as a measure of our resources as a nation, or are you making a claim for it as something we’ve accomplished?

Grade: 90