The impact of today’s whopping $787 billion stimulus bill is to be measured by improvements in the job market, according to President Obama.  State governments are already speculating how many jobs could be created — California (396,000), Texas (269,000), New York (215,000), Minnesota (66,000), Florida (206,000), and Illinois (148,000).  There is no indication of the relevancy that the type of jobs created by this stimulus will have in the future world of work, however.  We must remember that employment growth is an effect of economic prosperity — not a cause.

To achieve a job market that supports the next generations to come, our society’s vision must be shifted from presidential term “fixes” to the long-term growth and sustainability of a job market that supports opportunities tomorrow, not merely today.  By realizing all forms of trends that are at play, job growth potent

ial in the next decade would be monumental.  For example, “green technology” may be an emerging industry, but prior to filling job positions, organizations (including governments) must understand how the way in which people are working is drastically changing.

Our global society is being affected by trends that extend far deeper than simple direct economic unemployment factors.  These forces paint a picture of how upcoming generations are seeking to live and work — vastly different than the workforce of the past. The U.S. stimulus efforts will be strengthened if they can work in concert with changing attitudes towards work and life.

Trends* to watch more closely:

  • “The Hollywood Model” — Efficiency wins. The unbundling of high-overhead corporations to networks of talent that operate independently.  Case-in-point: the film industry in the 1980’s, and starting in the 1990’s with the music industry.  A virtual team of experts can work together to create “blockbusters,” whereas the competition is troubled by lack of talent and unproductive work days when waiting on the next project to come in.  Largely driven by self-employment and businesses started by new entrepreneurs.
  • “Generation Community” — Relevancy wins.  Those entering the workforce today seek work that is relevant to their interests and opportunities that provide a sense of community.  The job market of the past is not supportive of this way of thinking.  As Generation Y continues to apply this attitude and the Boomer generation phases out of the workplace, the shift on the way in which we work will be profound.
  • “One Society” — Technology wins.  As Thomas Friedman suggests, the world is flattening.  Jobs have been moving from cubicle farms to inside the coffee shop since laptops and mobile phones were introduced.  There really is no need to be in the office, unless for a meeting or team project.  By working on the road, technology can be utilized to its fullest potential.  The technology is there — use it.
There are more trends that have been foundational to the creation and continued implementation of Bizooki.  Stay tuned to this blog for more.

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