Conference Presentation, Fireside Chat, Panel, Interview
Pt. 1 A Conversation with Steve Ballmer Pt. 2 California's Future Economy
Milken InstituteSteve Ballmer, Michael Milken, Kevin Klowden, Kevin Demoff, Charles Harrington, Paul Markovich, Betty Yee
- Enabling software access to the world is expected to create leverage at Microsoft.
- Leaving Stanford is considered a low-risk decision due to the option for former students to return.
- A comprehensive, non-forecasted "10k" style report on government finances containing only facts is planned.
- Government goals will be defined and accountability ensured through data to address balanced budget concerns.
- The American dream is expected to cease to exist if the bottom 20% of Americans perceive no economic mobility.
- Philanthropy will focus on community-led goals such as kindergarten readiness and graduation rates.
- Early childhood education is identified as a major opportunity to assist children whose parents lack resources.
- Focusing on children is viewed as the most effective method to build meaningful lives and halt issues like opioid use and dysfunction.
- A new arena in Inglewood is planned to house the LA Clippers.
- A new digital, interactive product allowing fans to view games from a player's perspective is intended for development.
- Winning a championship is established as the number one goal for the Clippers, with a for-profit status expected.
- The healthcare sector is predicted to become more efficient and productive to drive high employment and broad real wage growth.
- Stagnant real wage growth for middle and lower incomes is expected if healthcare productivity does not improve.
- Rising benefit costs outpacing inflation are expected to squeeze employer willingness to pay employees.
- The healthcare sector is expected to gain productivity by transitioning operations to the digital age.
- Automation, robotics, and AI are expected to drive productivity while reducing the role of human capital in tax revenue generation.
- California's current tax structure is considered unsustainable due to a failure to reflect rapid economic shifts.
- Challenges in funding public services are expected to arise from the changing economy.
- Nation states and terrorist organizations are expected to use cyberattacks on infrastructure such as road, airline, and water systems to cause fear and disrupt economies.
- Insufficient budget resources for city and state infrastructure protection are feared due to a lack of public mandate.
- The Rams' new Inglewood stadium project is characterized as privately financed but providing public good.