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Education Committee Members Brent Crum, Chair Adam Campagna S hiel S exton MS KTD S tu Flannery Nate Lelle Eli Lilly Meyer Naj em David Roth Rosie Foulke Tonn and Blank Browning Day Mullins Dierdorf Julia S altsgaver Audra Blasdel Qualit y Connect ion Blasdel S olut ions
Poll Everywhere During Today’s Event During today’s event, the floor is open for questions at any time via the info below and in your nametags. Text in questions at any point during the event via the info below. They will be forwarded to the moderator, who will answer them during the panel portion of the event. To j oin; Website: PollEv.com/icrpoll Text Messaging: Text ICRPOLL to 22333 to j oin the session
Upcoming Events 16 Tech: Brick, Mortar, Rubber & Road – June 14 th 8-9:30am Indiana Landmarks 8-9:30am Dale Pfeifer , Director of Real Estate Development - Browning Invest ment s Bob Coy , President - 16 Tech Jay McGill , COO - Indiana Biosciences Research Inst it ut e (IBRI) Bill Stephan , Vice President for Engagement - Indiana Universit y Rob Lyles , President - Cook Regent ec Moderator: Michael Huber , President & CEO - Indy Chamber
Upcoming Events Leaders in Workforce –August 9 th Indiana Landmarks 8-9:30am Fred Payne, Commissioner - Depart ment of Workforce Development Sue Ellspermann, President - Ivy Tech Communit y College Blair Milo, S ecretary of Career Connections & Talent – S t at e of Indiana Phil Kenney, President - F .A. Wilhelm Const ruct ion Chuck Goodrich, President - Gaylor Elect ric Moderator: Chris Price, President, Indiana Const ruct ion Roundt able Foundat ion
REBUILDING THE DREAM: INCLUSIVE GROWTH IN THE INDIANAPOLIS REGION
TWO-SIDED ECONOMY 20% 6 th Most TOP10 of manufacturing Economically base gone in last #3 Cities to Start decade Segregated a Business Region (up from Best 53 rd most in 1990). Downtown 64% TOP10 80% workforce 29 th increase of participation rate Cities for Young people in poverty Professionals, High In five year job over the last Tech Job Growth creation decade
BORN POOR, LIKELY TO STAY POOR Denver Minneapolis Chicago Indianapolis 8.7% 8.5% 6.5% 4.8% Boston 10.4% San Jose 12.9% Washington, DC 11% Salt Lake City Charlotte 10.8% 4.4% Chances of child born in bottom 20% reaching the Atlanta top 20%, The Equality of 4.5% Opportunity Project, 2014
CHANGING NATURE OF WORK
LEGACY MANUFACTURING DISAPPEARING Closed: 1985 Peak Jobs: 8,000 Closed: 2011 Peak Years: 1960s-1970s Peak Jobs: 5,600 Closed: 2017 Closed: 2008 Peak Jobs: 4,000 Peak Jobs: 3,000 Peak Year: 1969 Peak Years: 1980s-1990s Closed: 2005 Closed: 1995 Peak Jobs: 3,500 Peak Jobs: 8,200 Peak Years: 1970s Peak Year: 1950 Closed: 2015 Closed: 2003 Peak Jobs: 4,450 Peak Jobs: 2,500 Peak Year: 1946 Peak Years: 1940s SOURCES: Develop Indy CHANGING NATURE OF WORK
THE IMPACT OF AUTOMATION 49% INCREASE IN ROBOT USAGE, 1993-2007 of time spent on work activities worldwide could be automated with existing 13% technologies TRADE 87% 38% AUTOMATION of American jobs are at high risk of loss to automation by the 2030s. MANUFACTURING JOB LOSS SOURCES: PwC, Conexus Indiana, McKinsey Global Institute, National Bureau of Economic Research, Washington Post CHANGING NATURE OF WORK
THE CHANGING JOB TYPE CHANGE IN JOBS 2015 WAGES (1995-2015) Manufacturing -30,743 $72,861 NATURE OF JOBS Government -203 $52,484 Mining 116 $65,019 TDL Wholesale 1,051 $66,426 Management 1,075 $91,692 CHANGE IN JOBS (1995-2015) Agriculture 1,312 $41,661 +22,290 Utilities 1,501 $89,577 2015 WAGES FIRE 2,140 $76,845 MANUFACTURING $43,737 Real Estate 2,768 $49,625 CHANGE IN JOBS (1995-2015) Construction 3,357 $56,137 -30,743 Arts 4,544 $47,246 Other 4,922 $35,216 2015 WAGES $72,861 Retail 6,929 $28,617 HEALTH CARE Education 8,836 $36,600 TDL` 22,290 $43,737 CHANGE IN JOBS (1995-2015) +53,482 Pro Services 22,321 $73,348 Food Services 24,992 $16,705 2015 WAGES $52,653 Waste/Administrat 41,090 $30,946 ion Health Care 53,482 $52,653 SOURCES: EmployIndy NEW ECONOMY, NEW SKILLS
INDY’S SHRINKING MIDDLE WAGE JOBS Average Wage by Sector in 2015 Dollars Job Distribution by Level $80,000 $73,577 29.4% 56.4% 14.1% 1950 $69,043 $70,000 $56,086 $60,000 $55,154 $54,390 $50,000 $51,358 35.0% 46.0% 19.0% 2015 $40,000 $30,000 $26,522 $26,504 $24,011 Lower Income/Service Middle Income/Labor $20,000 1995 2005 2015 Higher Income/Innovation Lower Income/Service Middle Income/Labor Higher Income/Innovation SOURCES: Indiana Department of Workforce Development CHANGING NATURE OF WORK
WAGE PREMIUMS IN ADVANCED INDUSTRIES $153K Ai AVERAGE WAGE +4.3% NON-Ai AVERAGE WAGE $130K 1 OUT OF 2 $117K $115K Advanced industry jobs require less than a $89K $89K 4-year degree +2.7% +2.5% $69K +2.3% $60K $56K $54K $44K $38K $33K $32K $28K $20K Doctoral Degree Professional Degree Masters Degree Bachelor's Degree Associate's Degree Some College Secondary Diploma No Secondary Diploma SOURCES: Brookings Institution DYNAMIC FIRMS
PROLIFERATION OF POVERTY FIVE DIMENSIONS OF POVERTY: NO WORKERS IN INCOME FAMILY LEVEL 55% EDUCATION LEVEL 26% LIVE IN HEALTH 20% CONCENTRATED INSURANCE 7% POVERTY SOURCES: IU Public Policy Institute, Brookings Institution WHY IT MATTERS
WORKER PROFILE: CAROL FAMILY STATUS: Single mother of two children JOB STATUS: Recently hired at ABC Call Center, earning a starting wage of $13.50/hour. PROS: In-house health clinic access, extensive employer training CHALLENGES: Long commute via IndyGo bus system to and from work at inconvenient times, disqualified from child care voucher if wage exceeds $16/hour, housing options limited due to low wages SOURCES: In-Person Interviews ECONOMIC ACCESS
EMPLOYER PROFILE: ABC CALL CENTER JOB REQUIREMENTS: High school diploma WAGES & BENEFITS: Starting wages of $13.50/hour, in-house health clinic, training CHALLENGES: 15% of employees ride IndyGo, employees refuse wage increases from $15/hour to $16/hour to remain eligible for child care voucher TURNOVER COSTS: 4-6 weeks of expensive onboarding for 50 new hires per month (600 annually), 40% new hire turnover (240 annually), turnover costs 86% of salary ($5.7 million annually) SOURCES: In-Person Interviews, Center for Economic & Policy Research ECONOMIC ACCESS
INDY’S WORKING POOR MONTHLY COST OF LIVING FOR MARION COUNTY FAMILIES (1 adult, 1 preschooler, and one school-age child) Housing: $781 Food: $526 Childcare: $1,160 Health Care: $503 Transportation: $255 Taxes: $527 Other Necessities: $322 ______________________ Total Expenses: $4,075 Annual Salary: $48,900 Wage Needed: $23.15/hr SOURCES: Indiana Institute for Working Families, United Way of Central Indiana ECONOMIC ACCESS
CHANGING LOCATION OF JOBS STUCK IN NEUTRAL Fewer nearby jobs within a typical commute, 9.2 miles. LOCATION, LOCATION, LOCATION 10.6% decrease in nearby jobs overall and 23.6% decrease in nearby jobs in high- poverty neighborhoods. SPACIAL MISMATCH 205,000 commuters into Marion County, about 50,000 reverse commute. SOURCES: B rookings Institution, Indy Partnership ECONOMIC ACCESS
HOUSING & INCOME MEDIAN HOUSEHOLD INCOME MEDIAN HOME SALE AVERAGE WAGE MADISON EARNINGS BY COUNTY PER $10K EARNED BY WORKERS IN $44,195 COUNTY $90,000 HAMILTON $36,338 BOONE $86,222 $16,653 Boone $67,552 $259,000 $225,495 $51,155 Hamilton $14,237 $40,116 $15,778 Hancock $14,996 HANCOCK Hendricks HENDRICKS MARION $66,606 $15,775 $70,163 $42,168 $170,000 Johnson $179,900 $134,000 $41,387 $6,011 Marion $35,520 $53,796 $19,732 Morgan $9,985 SHELBY Shelby MORGAN $53,584 JOHNSON $11,458 $55,432 $115,000 Madison $62,147 $147,500 $41,551 $170,000 $0 $5,000 $10,000 $15,000 $20,000 $37,652 $36,574 SOURCES: Bureau of Labor Statistics, Stats Indiana ECONOMIC ACCESS
PHYSICAL & MENTAL HEALTH #50 LIFE EXPECTANCY IN CENTRAL INDIANA of 50 metros ranked by the American College of Sports Medicine’s American Fitness Index 2016 80% 36th of Indiana employers have of 50 metros in total observed an issue of mental & behavioral prescription drug abuse in health professionals the workplace per capita SOURCES: Richard M. Fairbanks School of Public Health at Indiana University, BitterPill.IN.gov, American College of Sports Medicine, Indiana State Department of Health ECONOMIC ACCESS
BARRIERS IN LANGUAGE & PERSONAL FINANCE ESTIMATES OF HOUSEHOLD WEALTH & FINANCIAL ACCESS IN INDIANAPOLIS, IN METRO LIMITED ENGLISH Asset Poverty Liquid Asset Poverty MARION COUNTY: 14,262 23% 37.7% SUBURBS: 2,879 Unbanked Underbanked 11% 18% SOURCES: Assets & Opportunity Local Data Center ECONOMIC ACCESS
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