America Must Keep Innovating Part II

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America Must Keep Innovating Part II
Growth, A necessary property of any living being
and beyond.
Henry Lee Vice President Motorola
Oakton College March 4, 2005
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Competition ? Growth ? Innovation

• Competition stimulates growth(Both Individual
  and Economical Growth)
• Economic growth requires labor growth and
  innovationGDP Growth Labor Force Growth
  Productivity Growth

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Any Living Being Must Grow or Die
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An Universe Must Grow or Collapse
Three Types of Expanding Universes
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As a Race, Human Evolution is a Form of Growth
2001 A SPACE ODYSSEY
Civilized Rational Scientific
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Competition ? Growth ? Innovation

• Competition stimulates growth(Both Individual
  and Economical Growth)
• Economic growth requireslabor growth and
  innovationGDP Growth Labor Force Growth
  Productivity Growth

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Competition Stimulates Growth
Trees competing for sunlight to grow.
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Competition Stimulates Growth
Tiger Cubs growing up competing
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The Lack of Competition is a Fundamental Fault in
Communism

• The lack of competition eventually brought down
  the system due to the lack of growth

Stalins Five Year Plan For The Soviet Union in
the 1930s
Stalins Five Year Plan For The Soviet Union in
the 1930s
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The Collapse of Soviet UnionThe Death of Central
Planned Econ
Europe 1989
Europe 1990
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The Converted Communist ChinaThe Market Economy
China
Privatized Businesses (i.e. competition) has
natured a market economy which has been growing
at 7 to 10 per year for the last two decades.
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Human Growth Body and Mind(i.e. Physical and
Intellectual)
Albert Einstein U.S.A. 1940

• Jesse Owens
• Berlin, Germany 1936

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Intellectual Growth is the Basis for Innovation
Invest in education and research
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Competition ? Growth ? Innovation

• Competition stimulates growth(Both Individual
  and Economical Growth)
• Economic growth requireslabor growth and
  innovationGDP Growth Labor Force Growth
  Productivity Growth

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Jobs

• GDP Growth
• Labor Force Growth
• Productivity Growth

Physical
Intellectual
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Negative Growth The Closed UniverseThe Aging
World Population

• People aged 15 to 64 is projected to dwindle by
  2025
• 15.7 in Japan
• 14.8 in Italy
• 10.7 in Germany
• 10.4 in Spain

China Is Reconsidering its One-Child Policy!
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The Issue is GrowthNot the Social Security System

• Today, SS Medicare taxes paid by employee and
  employer is 15.3
• By 2080, each worker will support almost two
  retirees pushing tax burden to about 27
• 3.7 Trillion shortfall is based on 2 annual GDP
  growth (thru 2080) rather than the historic 3
• Labor force is estimate to grow only at 0.35 a
  year (thru 2080) instead of the historic 1.4

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Jobs

• GDP Growth
• Labor Force Growth
• Productivity Growth

Uncertain
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U.S. Productivity GrowthCools Inflation Fears
March 3, 2005

• 4th Quarter 2004 (revised figures)productivity
  Growth Was Up 2.1Labor Costs Up By Only 1.3
• 2002 4.42003 4.42004 4.0

Still high growth but is trending down!
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Innovation is Key

• American economy needs a boost from innovation
  if it is to continue creating the next generation
  of leading-edge industries and new high-paying
  jobs.
• Michael J. MandelChief Economist, BusinessWeek

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Competition and InnovationAre The Basis For Job
Growthin The Cycle of Life
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Individual Growth Leading to the Growth of the
Society

• For America to compete, you must compete
• For America to innovate, you must innovate
• For America to grow, you must grow
• For America to lead, you must lead

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Be CompetitiveBe GrowingBe InnovativeBe a
Winner