The document discusses three perspectives on jobs - people, firms, and policy. It notes that before the Industrial Revolution, no one had jobs. It also discusses declining union membership rates in the US workforce. While jobs are still used to measure economic growth, the relationship between people and jobs is dissolving. The private and public sectors both play a role in job creation, but value can be created even without traditional jobs. This shifting landscape has implications for how organizations define and find talent now.
29. UNEMPLOYMENT RATE BY EDUCATION
9.6%
4.4%
UNEMPLOYMENT RATE
FOR THE SHARE OF THE LABOR FORCE OVER 25
WITHOUT A 4-YEAR DEGREE
UNEMPLOYMENT RATE
FOR THE SHARE OF THE LABOR FORCE OVER 25
WITH A BACHELOR’S DEGREE +
Source: US Bureau of Labor Statistics (Current Population Survey)
30. WHO YOU SERVE DEFINES
THE RANGE OF POSSIBILITIES
FIRMS/PAYROLLED
EMPLOYEES
FREELANCERS
ENTREPRENEURS
SHADOW ECONOMY