1 00:00:10,330 --> 00:00:14,550 I'm the head instructor for 15.662, 2 00:00:14,550 --> 00:00:17,800 How to Secure the American Dream for the Next Generation 3 00:00:17,800 --> 00:00:19,040 Workforce. 4 00:00:19,040 --> 00:00:20,840 I'd like to take a little time to tell 5 00:00:20,840 --> 00:00:22,650 you a little bit about myself and why 6 00:00:22,650 --> 00:00:24,760 I'm offering this course. 7 00:00:24,760 --> 00:00:27,170 I've been studying, and teaching, 8 00:00:27,170 --> 00:00:29,930 and working on issues about the nature 9 00:00:29,930 --> 00:00:32,140 of work for the last 40 years. 10 00:00:32,140 --> 00:00:35,460 I've never been more concerned about the future of work 11 00:00:35,460 --> 00:00:37,220 than I am right now. 12 00:00:37,220 --> 00:00:41,440 I'm concerned about the need for more jobs, better jobs, 13 00:00:41,440 --> 00:00:45,240 for you and for all people in the next generation. 14 00:00:45,240 --> 00:00:48,600 And so I think we can work together in this course 15 00:00:48,600 --> 00:00:52,280 to explore how you can address these issues 16 00:00:52,280 --> 00:00:55,170 and secure your future as well. 17 00:00:55,170 --> 00:00:57,960 So let me tell you a little bit about my background 18 00:00:57,960 --> 00:01:01,310 so you can understand where I'm coming from. 19 00:01:01,310 --> 00:01:05,209 I grew up on a small family farm in Wisconsin. 20 00:01:05,209 --> 00:01:08,180 We learned at a very early age the importance 21 00:01:08,180 --> 00:01:11,410 of working together, the value of hard work, 22 00:01:11,410 --> 00:01:16,140 and the satisfaction that comes from doing a job very well. 23 00:01:16,140 --> 00:01:18,910 My father only had an eighth grade education, 24 00:01:18,910 --> 00:01:22,420 but he told all of us, my brother and my sisters, 25 00:01:22,420 --> 00:01:25,270 get as much education as you can so that you 26 00:01:25,270 --> 00:01:29,190 can get an occupation and a career that is better than what 27 00:01:29,190 --> 00:01:31,150 farming will be in the future. 28 00:01:31,150 --> 00:01:34,460 That was clearly the best advice I could have ever gotten, 29 00:01:34,460 --> 00:01:35,470 and it worked. 30 00:01:35,470 --> 00:01:39,280 Here I am, many years later, an MIT professor, 31 00:01:39,280 --> 00:01:42,340 thanks to a good education from the schools in Wisconsin 32 00:01:42,340 --> 00:01:44,720 and from the University of Wisconsin. 33 00:01:44,720 --> 00:01:48,440 So in my professional life I've been 34 00:01:48,440 --> 00:01:52,050 fortunate to work with a wide variety of business, 35 00:01:52,050 --> 00:01:55,560 and labor, and government organizations over the years, 36 00:01:55,560 --> 00:01:57,450 and I've been a constant advocate 37 00:01:57,450 --> 00:01:59,690 for improving relations at the workplace, 38 00:01:59,690 --> 00:02:01,600 for getting people to work together, 39 00:02:01,600 --> 00:02:04,230 to think about how the workforce is changing, 40 00:02:04,230 --> 00:02:06,760 and how they need to change to meet 41 00:02:06,760 --> 00:02:09,500 the conditions of the economy, and the society, 42 00:02:09,500 --> 00:02:12,500 and the workforce that we find ourselves in. 43 00:02:12,500 --> 00:02:14,760 And so that's what I want to do in this course: 44 00:02:14,760 --> 00:02:19,220 to engage you, the next generation workers, and those 45 00:02:19,220 --> 00:02:22,200 of us in the baby boom generation who still care 46 00:02:22,200 --> 00:02:24,110 about these issues and want to make 47 00:02:24,110 --> 00:02:26,810 a contribution to a discussion of how 48 00:02:26,810 --> 00:02:29,350 we can improve the workplace. 49 00:02:29,350 --> 00:02:32,900 And I want to especially learn and listen from you. 50 00:02:32,900 --> 00:02:35,710 I'm engaged in writing a book on this topic, 51 00:02:35,710 --> 00:02:39,260 and I want to get your ideas so you help shape 52 00:02:39,260 --> 00:02:42,040 how we're going to change, how we're going to adapt, 53 00:02:42,040 --> 00:02:46,640 and how we're going to create the workplace of the future. 54 00:02:46,640 --> 00:02:50,160 I'm Barbara Dyer, president and CEO of the Hitachi Foundation 55 00:02:50,160 --> 00:02:53,720 and senior lecturer at MIT Sloan School of Management. 56 00:02:53,720 --> 00:02:56,130 The Hitachi Foundation focuses on the role 57 00:02:56,130 --> 00:02:59,190 of business in society, with a particular emphasis 58 00:02:59,190 --> 00:03:04,120 on how businesses create social and economic value 59 00:03:04,120 --> 00:03:06,120 in the pursuit of profits. 60 00:03:06,120 --> 00:03:11,080 We'll be talking about start up companies and their motivation 61 00:03:11,080 --> 00:03:14,170 to create a real benefit for society, 62 00:03:14,170 --> 00:03:16,750 and we'll be talking some about traditional businesses, 63 00:03:16,750 --> 00:03:20,840 more long term businesses, and the ways in which they create 64 00:03:20,840 --> 00:03:23,520 social value and environmental value, 65 00:03:23,520 --> 00:03:26,950 and the lessons that can be learned across the spectrum, 66 00:03:26,950 --> 00:03:31,070 from early stage businesses to later stage businesses. 67 00:03:31,070 --> 00:03:32,340 I'm Zeynep Ton. 68 00:03:32,340 --> 00:03:34,550 I'm an adjunct associate professor 69 00:03:34,550 --> 00:03:37,710 at MIT Sloan in the Operations Management group. 70 00:03:37,710 --> 00:03:41,170 I will tell you about how we can create companies 71 00:03:41,170 --> 00:03:44,160 that deliver great value to their investors, 72 00:03:44,160 --> 00:03:46,990 good jobs for their employees, and great value 73 00:03:46,990 --> 00:03:50,540 to their customers all at the same time. 74 00:03:50,540 --> 00:03:54,300 I'm Christine Riordan, a Ph.D. Student at MIT's Institute 75 00:03:54,300 --> 00:03:56,480 for Work and Employment Research. 76 00:03:56,480 --> 00:03:59,350 I am going to be talking to you about how labor unions are 77 00:03:59,350 --> 00:04:04,070 reinventing themselves, and how new forms of worker advocacy 78 00:04:04,070 --> 00:04:07,360 can help support your aspirations for work. 79 00:04:07,360 --> 00:04:11,189 I'm Francesca Cicileo, an undergraduate at MIT. 80 00:04:11,189 --> 00:04:12,730 I'm going to tell you more about what 81 00:04:12,730 --> 00:04:15,510 our generation, the so-called millennials, 82 00:04:15,510 --> 00:04:18,130 say are their goals and aspirations for work, 83 00:04:18,130 --> 00:04:20,930 and their version of the American dream. 84 00:04:20,930 --> 00:04:22,230 Hello, my name's John McCarthy. 85 00:04:22,230 --> 00:04:25,250 I'm a postdoctoral fellow here at MIT's Institute for Work 86 00:04:25,250 --> 00:04:26,690 and Employment Research. 87 00:04:26,690 --> 00:04:28,690 I'm going to be talking to you about freelancing 88 00:04:28,690 --> 00:04:31,610 work, including new technology-mediated work 89 00:04:31,610 --> 00:04:34,330 arrangements that are springing up across the economy. 90 00:04:34,330 --> 00:04:36,830 We're going to look at some of the positive and negative 91 00:04:36,830 --> 00:04:38,720 aspects of these work arrangements, 92 00:04:38,720 --> 00:04:42,130 and also talk about how work institutions might emerge 93 00:04:42,130 --> 00:04:45,130 to ameliorate some of the negative aspects of these work 94 00:04:45,130 --> 00:04:46,280 arrangements. 95 00:04:46,280 --> 00:04:49,120 So I hope we will learn together, and then 96 00:04:49,120 --> 00:04:52,890 let's take our lessons and our message to the broader 97 00:04:52,890 --> 00:04:55,970 audiences, to future leaders, in this country 98 00:04:55,970 --> 00:04:58,020 and around the world.