Changing nature of work in the world - away from farms and factories…
{"Image DocumentName": "Changing nature of work in the world - away from farms and factories\u2026", "Image ImageDescription": "42% Germany. 37% Bangladesh. 19% Nigeria. 45% Japan. 64% Russia. 61% Brazil. 34% Indonesia. 23% U.S. 35% India. 142% China. 40yr Service. Growth. S. % G. A. Labor. Nation. World\u2019s Large Labor Forces. A = Agriculture, G = Goods, S = Service The largest labor force migration in human history is underway, driven by global communications, business and technology growth, urbanization and regional variations in labor and infrastructure costs and capabilities. CIA Handbook, International Labor Organization. Note: Pakistan, Vietnam, and Mexico now larger LF than Germany. US shift to service jobs. (A) Agriculture: Value from. harvesting nature. (G) Goods: making products. (S) Service: Value from enhancing the. capabilities of people and their ability. to interconnect and co-create value. All nations are experiencing a macro-economic shift from value in producing physical things (agriculture and goods) to value from apply capabilities for the benefit of others (services). Observation: Service sector is where the job growth is, not only in the US but around the world. Implication: Most science and engineering and management jobs will be in the service sector. For example, Kenneth Smith of H.B.Maynard (one of the oldest and most prestigious industrial engineering consulting firms) said - Historically, most of our business at H.B. Maynard was manufacturing, today roughly 80% is in the retail sector\u2026 So why do we still train most scientist and engineers for manufacturing age jobs? Could this be part of the reason that in most US engineering schools only 50% of entering engineering students graduate with an engineering degree? The service sector is the fastest growing segment of global economies. In the US, in % of people were worked on farms, and today less than 3% of workers are employed in agriculture. Goods, or manufacturing of physical products, peaked in the US in the mid-1950\u2019s and has been decreasing ever since due to automation and off shoring. However, services, especially complex information and business services, as we will see is where the growth is. But the growth in the service sector jobs is not just in the developed countries, it is also happening in the developing countries. In fact, the International Labor Organization, reports that 2006 was the first time in human history that more people worker in the service sector than in agriculture world wide. 40% in service sector, 39.7% in agriculture, and 21.3% in manufacturing, with the growth coming by moving people from agriculture to services \u2013 this represents the largest labor force migration in human history estimates % of service in labor force (change to 2005/2009 est) China % India % US % Indonesia % Brazil % Russia % Japan % Nigeria % Bangledesh % Germany %", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}