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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: 3, Touché) by julian on Wednesday February 14 2018, @05:55PM (1 child)
We now take you back to the 19th century, where an entitled and somewhat dim-witted Protestant nativist, himself a son of immigrants from England and in a land only recently stolen from its original (non-white) inhabitants, is nailing a poorly argued and printed screed to a pub bulletin board,
"New England in 1865, for example, isn't going to be New England from 1845 with more potatoes, its going to be Ireland in aspects of life including Papism, economic activity, or lack thereof."
(Score: 0) by Anonymous Coward on Wednesday February 14 2018, @08:27PM
Are you saying we have a real vampire on SN? Or maybe its another immortal cave man like from that one movie? VLM care to explain your longevity? Are you still protestant?