Jobs and Economic Jobs and Economic DevelopmentDevelopment

Why Should You/I/We Care About Why Should You/I/We Care About Them?Them?

Presentation by Gary Crossley to the Youth Presentation by Gary Crossley to the Youth

Citizenship Academy on Friday, June 15, 2012Citizenship Academy on Friday, June 15, 2012

2Workwww.LovetoWork.org

OutlineOutline

• *Why Should You Be *Why Should You Be

Concerned With Your Concerned With Your Local, Regional, State, Local, Regional, State, National, or World National, or World Economy and Economic Economy and Economic Development?Development?

• *How Do You Fit In?*How Do You Fit In?• *What Can I Do to Prepare *What Can I Do to Prepare

for the Jobs of the Future?for the Jobs of the Future?• *Handouts (Education Pays *Handouts (Education Pays

and Deciding on a Career) and Deciding on a Career)

Education PaysEducation Pays

Economic ConceptsEconomic Concepts

Unemployment RateUnemployment Rate InflationInflation Supply and DemandSupply and Demand Interest RatesInterest Rates Wage LevelsWage Levels Downturns, Recessions, DepressionsDownturns, Recessions, Depressions All Economies Are Not Created EqualAll Economies Are Not Created Equal

RecessionsRecessions

Recession or a 3-D Depression?Recession or a 3-D Depression?

Depth – When will the unemployment Depth – When will the unemployment rate go down further? rate go down further? • U.S. 8.2%May vs. 5.0% in 2007U.S. 8.2%May vs. 5.0% in 2007• S.C. 8.8%April vs. 6.2% in 2008S.C. 8.8%April vs. 6.2% in 2008• Charleston 7.1% compared to 5.0% in Charleston 7.1% compared to 5.0% in

20072007 Duration – How long will the Duration – How long will the

downturn last?downturn last? Dispersion – How many industries are Dispersion – How many industries are

impacted?impacted?

Recession or DepressionRecession or Depression

Economic DevelopmentEconomic Development

Location, Location, LocationLocation, Location, Location Worker Skills/Education OpportunityWorker Skills/Education Opportunity WagesWages Natural ResourcesNatural Resources Quality of LifeQuality of Life Business Climate/RegulationBusiness Climate/Regulation

How Do You Fit Into the How Do You Fit Into the Economy?Economy?

As a workerAs a worker• Earning wagesEarning wages• Producing a product or providing a serviceProducing a product or providing a service• Performing your job at high achievement levels Performing your job at high achievement levels

As a consumerAs a consumer• Purchasing products or entertainmentPurchasing products or entertainment

As a voterAs a voter• Informed on the issues (port, preservation, Informed on the issues (port, preservation,

politics/facts, etc.)politics/facts, etc.) As an educated participant!As an educated participant!

Choosing a Career ASAPChoosing a Career ASAP

Assessment, what are your interests?Assessment, what are your interests? Skills, how can I improve my skills to Skills, how can I improve my skills to

get the best job for me?get the best job for me? Analysis, reviewing information to Analysis, reviewing information to

make the best decision for my make the best decision for my situationsituation

Preparation, doing what is neededPreparation, doing what is needed Just Do It!Just Do It!

Homework AssignmentHomework Assignment

Read the Business Section of the Read the Business Section of the Newspaper or a Business MagazineNewspaper or a Business Magazine

Notice Your Environment and Business Notice Your Environment and Business Landscape (Closing & Openings)Landscape (Closing & Openings)

Think about What you Enjoy DoingThink about What you Enjoy Doing Take an Interest Inventory at School Take an Interest Inventory at School

(SCOIS or Kuder)(SCOIS or Kuder) Improve your Basic Skills (School Improve your Basic Skills (School

Subjects/3Rs, WorkKeys)Subjects/3Rs, WorkKeys)

Presentation SummaryPresentation Summary

Know What and How Your Area Economy is Know What and How Your Area Economy is DoingDoing

Position Yourself to be in Sound Financial Position Yourself to be in Sound Financial Shape During All Economic SeasonsShape During All Economic Seasons

Work on Your Basic Skills because Work on Your Basic Skills because Education Pays!Education Pays!

Find an Occupation that You are Find an Occupation that You are Passionate About and Do it WellPassionate About and Do it Well

Care for Others, Your Family, Your Care for Others, Your Family, Your Community, and Yourself Community, and Yourself

Questions?Questions?

Gary Crossley, GCDFGary Crossley, GCDF

LovetoWork.org, LLCLovetoWork.org, LLClovetoworkorg@yahoo.com

2Workwww.LovetoWork.org

What – Me Worry?What – Me Worry?

Not about jobs or economic Not about jobs or economic development!development!