Roosevelt Giles

Steve Spence
Updated: 13 January 2016

Key Moments

Timecode Scene Description
00:00:17 Pres. Hynes describes Giles's accomplishments in business
00:04:01 “This time in the world — it is different.”
00:05:22 Today, expecting to spend your career at one large company is risky.
00:07:41 “It is a very exciting time for you....You are the first generation that is fully connected....Think about the impact that that has.”
00:08:45 “Even grandmothers are downloading apps.”
00:10:22 Internet technology has come in three waves
00:10:57 “We have not even scratched the surface of what mobile technology can do as it relates to live, work, play.”
00:12:33 “This device...allows the masses to participate, to be engaged, to make a difference.”

Key Moments continued

Timecode Scene Description
00:12:50 Example: the impact that mobile phones can have in health care
00:14:34 “In order to experience it, you have to smell it, and you have to eat it.”
00:14:44 You are only fifteen digits away from communicating with anyone on the globe.
00:15:09 “Fifteen hours physically transport you to any place on the globe.”
00:16:54 The 15/15 rule means that, in the “global knowledge economy,” you are competing with 7 billion people. In other words, the world is flat.
00:17:48 “Take no comfort in this degree you going to receive today. It is nothing more than a starting point at best."
00:21:10 “You have to keep yourself relevant....You have to be able to see...what trends are appearing, and you have to ride that wave.”

Globalization and White-Collar Wages

In the 1970s, U.S. corporations began “outsourcing” jobs overseas, looking for workers who would accept much lower wages than their U.S. counterparts. This first affected factory laborers and other blue-collar workers.

Giles notes that outsourcing now poses a threat to highly educated U.S. workers as well. (A good example is DesignCrowd, a site that promises its customers access to "505,810 graphic designers from Singapore to Sydney, London to Los Angeles with a click of your mouse.")

Giles offers another example that focuses on the possibilities of mobile phones and that illustrates this same trend. What is Giles's example?

Key Quote 00:05:40

In this global village that we have today, power is shifting from West to East—and if you don't understand that, you will be hurt. But when you look at [that], you also see there are a lot of opportunities available in that shift.