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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?
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(Score: 0) by Anonymous Coward on Wednesday February 14 2018, @08:54AM
So, Bradley, if that is your real name, we need to have a talk about your earnings while overseas. Did, perhaps, you not pay your fair share to the rest of your citizens? It is not a matter of relative poverty, so much as it is a matter of comparative affluence. And perhaps you are uppity in this regard. No doubt you think you have earned it, and perhaps you have, but the fact that you think that means that you have not. I suggest you read a couple of Works by Thorstein Veblen:
http://www.conspicuousconsumption.org/Thorstein-Veblen.html [conspicuousconsumption.org]
And then we can talk, if you can make it back to the USSR!