AHWATUKEE — Speaking to attendees at the East Valley Partnership’s annual economic outlook presentation, Arizona State University president Michael Crow said the state is underprepared for the disruption technology will bring to the economy and society in the next 20 years.
As reported by the Ahwatukee Foothills news, Crow told those in attendance of a conversation he had with an executive with Google X, who said technology will replace 30 percent of all current jobs within the next 10 years. He added that of those job losses, the most vulnerable in Arizona are workers with only a high school diploma.
“We are one of the most vulnerable states for the technological replacement of jobs,” Crow said, noting that Wal-Mart — one of the state’s biggest employers of people with only a high school diploma or less — will soon have robots taking packages to customers’ cars.
Crow also presented a dim outlook on the Arizona economy using graphs from information provided from the U.S. Census updates and other government and foundation studies. He said that Arizona’s gross domestic product in 2015 was $265 billion or $10 billion less than it was nine years ago, and added that it would not likely improve given that real estate and government are the state’s two largest sources of economic output.
He added that the state’s GDP has steadily fallen since 2007 and hit a 15-year low in 2015, while per capita personal income has steadily fallen since 1970 and was lower than Detroit.
Crow said that of western states, only New Mexico had a lower rate of individuals over 25 with a bachelor’s degree, while Colorado had the highest, followed by Washington and California.
“College graduates come here to retire, not to work,” Crow said, noting that Arizona is the second-lowest state in the nation for per-capita support of higher education. New Hampshire is at the bottom.
- Skin Cancer in Arizona: Stats, facts and new immunotherapy drugs making strides
- Caring Crisis: Rising tide In Alzheimer’s disease leads to shortage of caregivers
- Distracted walking injuries end up not so funny
- Scary situations: 5 quick tips before you let a contractor in your home
- Four ways telemedicine is changing the health care industry
- 5 mistakes homeowners make in the spring
- Three rivers run through it: Exploring Arizona's waterways
- Smart home basics: things you need to know to get started
- 5 Surprising things causing back pain
- Arizona agriculture is a $17.1B industry
- Timeline: Arizona's roots in brewing history
- 5 reasons to love the D-backs this season
- Tips for taking your home entertainment experience to the backyard
- Tech-related injuries your parents never experienced
- Workers comp: Signs your co-worker could be a fraud
- Who's the real founder of America's pastime?
- Epidemic rising? What you need to know about Alzheimer's in Arizona
- 5 unforgettable Wooden Award winners
- Family and hard work are keys to success of modern dairy farmers
- Genetic testing could hold answers for colon cancer survival
- Cold beers and baseball: A beer lover's guide to Spring Training
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments
- Here’s why Gaydos went tankless with his water heater
- Bocce ball and basketball: How you can help Arizona's Special Olympics athletes
- Tips on building the best wine room in Arizona
- Avoid the nightmare: 6 tips to choose a great contractor
- Breast cancer: Improved testing and treatments means more survivors
- Failed back surgery: New hope for patients living in pain