6th Annual Veterans Job Fair in Burbank – March 15, 2018

The 6th annual Veterans Job Fair will be  held on March 15,  at 9AM at McCambridge Recreation Center

1515 N Glenoaks Blvd.

Register for the event at  BurbankVeteransJobFair2018.eventbrite.com

Registration ends March 14.

Bring with you multiple copies of your resume and dress for success!

Please click this text  to see flyer for more information

The Rise of Digital Media in Los Angeles, 2018 Report

Digitalization and Disruption: The Rise of Digital Media

While local industry leaders in lm, television and music are still major contributors to the Los Angeles Basin economy, the region’s motion picture and sound recording pro le is evolving beyond traditional movie and television production. Digitization is disrupting almost every aspect of the media and entertainment industry . . . altering nancing and capitalization strategies, and greatly affecting business models, forecasts and industrywide trends . . .  a concentrated and specialized digital media industry has emerged, swiftly scaling and changing the entertainment industry in the Los Angeles Basin by blending digitized content and new distribution technologies.

This fast-growing digital media and entertainment industry is characterized by a diverse array of technology and content rms
and includes sectors as assorted as digital advertising, web gaming, interactive media, augmented reality, virtual reality and animation. This blended digital media and entertainment ecosystem combines the creative product with data to drive adoption and respond to shifts in consumer behavior. . .

In the Los Angeles Basin, homegrown digital content rms are ascending as dominant players in digital media, such as Snap Inc., Fullscreen (which was acquired by AT&T and the Chernin Group), Makers Studios (which was acquired by the Walt Disney Company), and AwesomenessTV (which was bought by Dreamworks). Digital content rms are expanding into more traditional forms of entertainment, such as lm and television. Prominent Silicon Valley, Seattle and New York rms such as YouTube, Vice and Buzzfeed
are enlarging their footprint in the region as they shift from being content distributors to content creators. Not only are these new rms competing with traditional content creators, but, in some instances, they are supplanting them in market share and cultural prominence.

Download the Full Report Here

LAEDC Economic Forecast, Wednesday Feb 21, 2018

Key Findings and Strategies for Reversing Our Shrinking Middle Class

LA County is thriving, but many middle-income jobs have left our region, and have been replaced with lower wage jobs. Real incomes are dropping and housing costs are spiraling. If unchecked, these trends will reduce standards of living for all of us, and put the American Dream out of reach for hundreds of thousands of our neighbors in LA County.

What strategies and actions will enable more Angelenos to live the American Dream of a middle-class lifestyle?  Can our Low to Moderate Income (LMI) communities advance, if we better connect our underutilized labor to the innovative industries that drive the regional economy?  Experts will discuss the roles of public policy, industry growth, education and the changing skills required by the jobs of the future, as we develop answers.

LAEDC’s Economic Forecast will also provide a valuable look ahead at projections for the national, state and local economy, with insights you can use to inform your decisions.

Forbes: While Some Blame Immigrants For Low Wages, An Alternative Theory Gains Traction Among Economists

 

Lagbor Image

If these researchers are onto something—namely, that industry concentration dictates wage shares and wage levels—it could have important implications for how we think about antitrust enforcement and other labor policies (such as minimum wage, unionization, and state-based occupational licensing.

Wages are falling when expressed as a percentage of national income. The share of national income captured by labor (“labor share”) has declined sharply since the early 2000s, falling from 66 percent in 2000 to 58 percent in 2017 according to the Federal Reserve Bank of St. Louis. The decline in the labor share over the past 30 years reflects the gap between labor productivity (which has continued to grow) and compensation (which has stagnated).

The relevant economic questions are: What is causing wage growth to be so anemic? And what can be done from a policy perspective to accelerate it?

To say that there is lack of economic support [for the claim that immigrants have caused falling wages] is an understatement. The economic literature reveals that immigration does not reduce wages for native-born workers. Ottaviano and Peri (2012) and Borjas (2014) find that foreign-born workers (that is, earlier immigrants) bore the brunt of the wage impact from immigration, with native-born workers actually experiencing a slight increase in wages owing to immigration.

What is a plausible alternative for stagnating wage growth? Several recent studies have focused on the role of industry concentration. The working theory is that as firms gain control in product markets, the opportunities for job mobility within a given industry are restricted, which permits these firms to exercise buying (or “monopsony”) power in the labor markets.

MIT economist David Autor finds that concentration of sales of the largest firms in an industry (and of employment) has risen from 1982 to 2012 in each of the six major sectors covered by the U.S. economic census.  —each percentage point rise in an industry’s concentration index (as measured by the share of shares accruing to the 20 largest firms) predicts a 0.4 percentage point fall in its labor share. In an effort to determine the causes of industry concentration, the authors further find that the fall in labor share is mainly due to a reallocation of labor toward larger and more productive (“superstar”) firms with “lower (and declining) labor shares, rather than due to declining labor shares within most firms.” Why their workers aren’t sharing the productivity gains of these “superstar” firms is an open question that deserves further research.

In Declining Labor and Capital Shares (2016), London Business School economist Simcha Barkai attributes most of the decline in the labor share to Continue reading “Forbes: While Some Blame Immigrants For Low Wages, An Alternative Theory Gains Traction Among Economists”

Manufacturers Must Invest in Training for Digital Factory Jobs

3D Printer Photo
3D Printer Photo
If manufacturers don’t train workers for next-generation jobs, American industry will have a workforce shortfall.American manufacturers need to step up and invest in training and education for a new breed of digital factory jobs, otherwise those jobs will leave the country.

 “Our big message is that blue collar jobs have become digital,” Sarah Boisvert, founder of the non-profit Fab Lab Hub and author of the book, The New Collar Work Force, “To meet the needs of Industry 4.0 and smart manufacturing, manufacturers are going to have to train people for ‘new collar’ jobs.”

New skills will be needed in digital factories. Those skills include the ability to run and repair 3D printers, the ability to collect data, and the ability to work with CAD files and programs. Equally important, prospective employees will need to have hands-on experience in the so-called “maker space;” they will need basic math skills; and they will have to be adept at problem solving.

Those skills are largely unavailable in today’s youth.

Pacific Design& Manufacturing connects you with serious professionals for three days of industry immersion you can’t find anywhere else. Connect with over 20,000 engineers and executives who are ready to forge business partnerships. Learn from industry luminaries presenting their insights. This is your chance to find answers to your current design engineering challenges while keeping up with the latest innovations reshaping the industry. . .  full article . . . .