Bloomberg reports on the looming economic risks facing the world due to the Ukraine war, high inflation, and rising fuel and commodity prices. Three market experts identify the potential for a global labor shortage as a key concern for the next decade.
Bloomberg recently published a piece on the big economic risk s that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.
Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.
The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.
The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.
It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.
Labor Shortage Skills Gap Economic Risk Global Economy Education
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labor Shortage and Skills Gap Top Global Economic Risks, Experts WarnBloomberg highlights the major economic threats facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market experts identify the most pressing risk: a shortage of skilled labor. Abby Joseph Cohen, former Goldman Sachs strategist, stresses the need for investment in education, training, and worker well-being to address this challenge.
Read more »
Experts Predict Global Risks: From Pandemic to Labor ShortageBloomberg explores potential global threats with insights from three market leaders, focusing on the risks of labor shortage, a future pandemic, and rising deglobalization.
Read more »
Experts Warn of Future Global Risks: From Labor Shortages to PandemicsBloomberg highlights the looming economic threats facing the world, including war in Ukraine, inflation, and rising commodity prices. Three market experts share their predictions for the 'next big risk' over the next five to ten years, ranging from labor shortages and inadequate skills development to a deadly pandemic and the rise of deglobalization.
Read more »
Experts Warn of Labor Shortages as Top Global RiskBloomberg highlights the growing concern of labor shortages and skills gaps as a major economic risk for the future. Abby Joseph Cohen, a former Goldman Sachs strategist, emphasizes the need for investment in education, research, and worker well-being to address this looming challenge.
Read more »
Global Risks: Labor Shortage, Pandemics, and Deglobalization Loom AheadBloomberg highlights major economic risks facing the world due to the war in Ukraine, soaring inflation, and rising commodity prices. Three market experts share their concerns: Abby Joseph Cohen on labor shortages and skills gaps, Sam Bankman-Fried on the threat of a more devastating pandemic, and Ken Moelis on the rise of deglobalization.
Read more »
Labor Shortage and Skills Gap: The Next Big Risk for the WorldBloomberg explores looming global economic risks, including the war in Ukraine, inflation, and rising commodity prices. Three market experts, including former Goldman Sachs strategist Abby Joseph Cohen, identify the shortage of skilled labor as a major concern for the future.
Read more »