Tag Archives: R&D

THE NEW UNIVERSITY SUB-CULTURE, a brief Op-Ed

JP-pic 2Dr. John Psarouthakis, Executive Editor, The Business Thinker; Founder and former CEO JPIndustries, Inc., a Fortune 500 industrial corporation. CV Click here

The changes in culture, markets, and technologies experienced by manufacturing has had a rippling effect into to those institutions charged by societies with the integration of new knowledge.  

As we move on further into the 21st century, if we look closely at our university systems we will see that they have, in effect, “reinvented” themselves. Universities are  coming to terms in a very proactive sense, with the whole problem of technology change, technology transfer, and the rapid commercialization of technology into useful products and processes.

One way in which this is manifesting itself is the ever increasing exchanges of money, people, and ideas between the university and the industrial sector.

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Michigan’s Economy

I have come to wonder, particularly since the recent recession,  of  what is lacking or better what needs to be done in Michigan to cushion some of the up and downs of the Auto industry and the inevitable reductions in employment created by ever increasing automation incorporated by large manufacturing corporations.

I have made the following observations:

1)    We have in recent years entered a new economy, one whose core is fundamentally different from its predecessor’s, say the automobile age was from the agricultural era.

2)    The economy is barely chugging along and there is apprehension about employment levels . . .

The reality we have is very troubling, because what is disappearing is not just certain number of jobs or jobs in certain industries, or even jobs in America. What is disappearing is the very thing itself: The Job. The job is becoming a vanishing species an antiquated notion of employment.

3)    Nationally the manufacturing sector is employing an ever decreasing percentage of total labor; currently I believe at 11%.

4)    The civil service, etc employs approximately another 20%.

5)    Unemployment is at 9.1%

6)    Therefore approximately 60% must be working in other sectors of the economy.

Now what do these observations tell me, a non-economist?

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