New Ideas for creating employment opportunity for older workers

1. CHICAGO – AN “ALL AGES”
SHOW

2. BRAINY STUFF
We know a lot about what
we do and why…what does
this mean for work?

3. Complexity
Causes Paralysis
Collaboration &
Affiliation is our
“default”.
Unfairness is
punished -
Irrationally

4. AMYGDAL
A
It controls the way we react to certain stimuli, or an event
that causes an emotion, that we see as potentially
threatening or dangerous.
Amygdala often
works directly
with sensory
input, bypassing
thought.
Images of 0.1
seconds reach
the Amygdala
…but never reach
the conscious
mind.

5. SYSTEM 1&2 - SUBSYSTEMS OF
THE BRAIN

6. ON
THE ARK?

7. HUMANITY IS COOL, BUT
SOME PEOPLE…C’MON!
Work as a village
Complexity…
Trust….
Fairness…
Revenge…
Change…

8. THE BARRIER TO PROGRESS STARTS
BETWEEN OUR EARS.
REFLEX
Our default bias &
comfort zones
operate W/O
thought
FRONTAL CORTEX
Change requires
conscious thought &
repetition with
reinforcing feedback
FAIRNESS
We innately expect
equity
TRUST
We are coded to
cooperate via
affiliation
REVENGE
We are irrational
when our
subsystems are
threatened

9. OVERVIEW OF WORK,
WORLDWIDE
Some surprising facts
about global workers,
productivity and quality of
life

10. GLOBAL DATA
Unemployment Rate for Advanced
Economies:
5.2%  Compared to 6.3%
in 2005 and 8.1% in 2009

11. “the biggest issue…by 2030, there will be a
global human talent shortage of more than
85 million people.”
Korn Ferry Newsletter - May 9, 2018
GLOBAL DATA

13. WORKING IN THE UNITED
STATES

14. US DATA
Unemployment Rate: 3.7%
Jobs Added: 492,000 in Q3
Job Openings: 6,900,000
Persons Who Want A Job, But Are Currently Not in Labor
Force Or Are Underemployed: 5,070,000

15. US Data
US DATA over 55

16. WORKERS AGED 55+
Currently, there are roughly 34 million workers 55 and older in
the American workforce. That represents about 22 percent of all
workers over 16.
Workers in this age group expected to be 25% of US labor force
by 2020, compared to 12% in 1991
Skills will need to be continually updated to compete in current
market.

17. Spending on Active Labor Markets i.e. Reskilling

18. TRICKLE DOWN
OR TRICKLE DOESN’T?
The truth about job
creation, spending
patterns and the cost of
the unemployed
WE ARE IN A PERIOD OF WEALTH CONSOLIDATION UNRIVALED IN OUR
HISTORY
WE HAVE A RADICAL SEPARATION OF CLASSES BY GEOGRAPHY, EDUCATION
AND RACE
THE CURRENT MOVEMENT OF LABOR TO THE CHEAPEST HOURLY RATE WILL
BE REPLACED BY ONE OF SEEKING THE BEST TALENT FOR THE NEW
ECONOMIES.
WE ARE NOT “RESKILING” OUR PEOPLE AND IT IS UNLIKELY THIS WILL BE
DONE FEDERALLY

19. Employment
“MONOPSONIES
”
where there is little or no
competition for workers

20. Rewrite the Rules:
Building an Inclusive
American Economy
Historically, monopolies in the US were
checked by antitrust enforcement. Current
economic policies and lobbying now mean
monopolies are seldom prevented barring
extremely rare conditions.

21. EDITOR'S PICK5 Feb 8, 2017, 12:12pm
Job Creation In The New Political
Economy: Small Companies, Not
Big Companies, …Create Jobs.
ENABLE AND SUPPORT SMALL & MIDSIZE
COMPANIES

22. THE ROLE OF SMALL
BUSINESS IN
ECONOMIC GROWTH
Small Businesses account
for 65.9 % of net new job
creation during the period
of 2000-2017
Small Businesses make up
99.7% of US employer
firms.

23. CHICAGO
…A “WORK” CAROL
The ghost of work past,
present and future

24. CHICAGO DATA
Unemployme
nt
Rate:
3.8%
Employed
Persons:
5,999,30
0
Unemployed
Persons:
143,50
0
Calculated
Difference
212,773

25. CHICAGO IS THE SLOWEST
RECOVERING OF THE MAJOR
US CITIES
2017 showed only 4
percent of small
businesses in Chicago plan
to move out of state
during 2018

26. OKUN'S LAW :
1% POINT OF UNEMPLOYMENT
EQUALS 2% OF GDP
Metropolitan area 2012 2017 Improvement
%
Difference
Greater NY $1,439,233 $1,717,712 $278,479 19%
Greater Los Angeles $820,863 $1,043,735 $222,872 27%
Greater Chicago $578,016$679,699 $101,683 18%

27. WE LEAD … IN
CONSTRUCTION &
GOVERNMENT

28. CHICAGO’S
PEOPLE DRAIN
Chicago’s population has declined for
the 3rd consecutive year.

29. COSTS OF UNEMPLOYMENT
Personal
• Lost savings, wages
• Loss of consumer
contributions
• Erosion of skills
Societal
• Calls to restrict
immigration
• Restricts GDP growth
• Increased government
payments for health care
• Higher crime rates
18- to 24-year-old will cost
federal and state governments
over $4,100 annually in
foregone tax revenue and
safety net benefits.
One unemployed 25- to 34-
year-old represents nearly
$9,900 a year in foregone tax
revenue and benefits paid
We don’t have data for
workers over 55
$53
X3
$15
9

30. White
6.8%
Hispan
ic
10.3%
Black
21.6%

31. CURRENT EXAMPLES OF
SUCCESS…WORLDWIDE
CSR360 Global
Partner
Network is a
global network
of not-for-
profit
organisations
working with
businesses to
improve their
positive impact
on society.
Over 133
independent
organisations
from over 67
different
countries
Reaching over
6000
companies
around the
world
Presence on
every major
continent
A wealth of
resources
including
toolkits and
handbooks
Expertise
across the
Corporate
Responsibility
(CSR) spectrum
including
community,
environment,
workplace and
marketplace.

32. ABBOTT, ALLSTATE, HYATT
& RHR

33. SOLUTIONS
Skills Assessments
There are compelling and
insightful tools which capture
experience, skills, aptitude and
psychological orientation to all
forms of work. Why not start
with this?

34. CURRENT EXAMPLES OF
SUCCESS…USA
Earned Income Tax Credit – New York City’s
Experiment
Extending the Credit to Qualified Workers W/O Children
reduced severe poverty
Increased child support
payments among noncustodial
parentsincreased in participants’
employment rates

35. CURRENT EXAMPLES OF
SUCCESS…USA
OPEN HIRE – the self fulfilling prophesy…TRUST &
EMPOWERMENT.
For more than 35 years Greyston has
been changing lives and communities
through radical inclusion.

36. At Greyston Bakery,
if you want a job, we give
you a job. No questions
asked.
Business should be a powerful force for
I can’t explain all
that Greyston has
done for me.
Without Greyston,
I’d still be on the
streets — likely
dead or in jail.
The Journey from “Unhirable”,
Former Inmate to Greyston
Bakery Supervisor

40. SUCCESS IS LOCAL AND
SCALABLE
One year from
inception…
95% success

41. SOLUTIONS
Luring
companies with
real estate &
tax deals
Make results
based
Outplacement
tax deductible

42. SOLUTIONS
Currently Cook County has an estimated 24,000-
55,000 vacant buildings
Create a Skills program that teaches unemployed
the basics of a skill: Carpentry, Auto Repair,
Plumbing, Cooking, Maintenance, Security, Short
and Long haul Trucking.

43. SOLUTIONS -
GROWING POWER
“A CAUTIONARY TALE”
Success in feeding people an teaching life
skills
2017 Debt Burden
“Founders Syndrome”
LESSON: IT CAN BE DONE
IT MUST BE ABOUT THE MISSION…NOT THE
LEADER
Will Allen
McArthur
Foundation
Genius
Award

44. BELIEF WINS OVER
MONEY& SIZE
Detroit, 5 Years After
Bankruptcy
A partnership between city
and state government,
business leaders and the
city's philanthropic
community led an innovative
effort to restructure the city's
debt, estimated at $19
“Detroit isn't growing because
…creating thousands of jobs.
It isn't pulling large companies from
around the country.
It's rebounding because people
are feeling better about the
city.”

45. THE SIMPLE CASE…
FOR ECONOMIC GROWTH IN
CHICAGO
TOTAL POPULATION IS SHRINKING
AGING WORKFORCE IS NOT BEING REPLACED
METROPOLITAN CHICAGO IS THE SINGLE BRIGHT SPOT FOR STEM TALENT
GENTRIFICATION IS COMPRESSING & PUSHING THE ECONOMICALLY DISADVANTAGED OUT
EVERY UNEMPLOYED PERSON IS A FINANCIAL BURDEN ON EVERY TAXPAYER
SOLUTIONS AT MACRO LEVEL DON’T WORK – THEY MUST BE COMMUNITY BASED & SUSTAINABLE
PSYCHOLOGY OF THOSE IN NEED AND THOSE WHO HAVE MUST BE CHANGED THROUGH EXPERIENCE

46. RENEWABLE &
SUSTAINABLE
THE “MISSION”
IS THE “LAW”

47. DO WHAT IS EASIEST,
FIRST
THE EASIEST FIXES

48. LADDERS & LANDMINES
Politics
Race
Geography
Complexity
Scale
Resistance to Change
Social Consciousness
Community
Motivated Actors & Organizations
Long trips need a first step
Mission and Vision – not celebrity

49. TALK IS CHEAP…LET’S DO THIS!