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Sunday, December 30, 2018

Collision of Demographics, Automation Inequality

I previously referenced this Bain report when I spoke about automation and AI, thinking that might be the biggest influence.  Worth reposting it here.

Labor 2030: The Collision of Demographics, Automation and Inequality
The business environment of the 2020s will be more volatile and economic swings more extreme.

By Karen Harris, Austin Kimson and Andrew Schwedel

Executive summary
Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. Our analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years (see Figure 1). The aim of this report by Bain's Macro Trends Group is to detail how the impact of aging populations, the adoption of new automation technologies and rising inequality will likely combine to give rise to new business risks and opportunities. These gathering forces already pose challenges for businesses and investors. In the next decade, they will combine to create an economic climate of increasing extremes but may also trigger a decade-plus investment boom. ....  "

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