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posted by takyon on Wednesday February 14 2018, @03:33AM   Printer-friendly
from the nostradamus dept.

Bain consultants' macro trends department have released a report examining trends in demographics, automation and inequality to produce a set of predictions.

This kind of report seems to be all over the place these days, but this one seems more detailed and perhaps a little less optimistic than most.

In the US, a new wave of investment in automation could stimulate as much as $8 trillion in incremental investments and abruptly lift interest rates. By the end of the 2020s, automation may eliminate 20% to 25% of current jobs, hitting middle- to low-income workers the hardest. As investments peak and then decline—probably around the end of the 2020s to the start of the 2030s—anemic demand growth is likely to constrain economic expansion, and global interest rates may again test zero percent. Faced with market imbalances and growth-stifling levels of inequality, many societies may reset the government's role in the marketplace.

They predict that governments will assume a larger role in markets to combat inequality and boost demand, but will our corporate overlords decide that's in their interests, or continue to squeeze the lower and middle classes forever?

Related: Humans Are Underrated
Douglas Coupland: "The Nine to Five is Barbaric"
Survey Says AI Will Exceed Human Performance in Many Occupations Within Decades
More Than 70% of US Fears Robots Taking Over Our Lives, Survey Finds
The Future of Work Is Uncertain, Schools Should Worry Now
The Venus Project and the Quest for a Socially Engineered Future
Skilled Manufacturing Workers in Demand in the U.S.


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  • (Score: -1, Spam) by Anonymous Coward on Wednesday February 14 2018, @03:38AM

    by Anonymous Coward on Wednesday February 14 2018, @03:38AM (#637435)

    A kind man. A merciful man. The type of man who would smile even at the sow he's violating. Such a man discarded the woman's corpse out of his truck window as he was driving by a house, as though what he was doing was no different from a minor act of littering. Indeed, there is no difference.

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