Bloomberg reports on the growing economic risks facing the world, including the war in Ukraine, high inflation, and rising commodity prices. Three market experts, including former Goldman Sachs strategist Abby Joseph Cohen, highlight the potential for a labor shortage and insufficient skills development among young people as a major threat to global prosperity in the next decade. Cohen stresses the importance of investing in research, training, education, and worker well-being to address this challenge.
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 Investment
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: 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 »
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 »
Labor Shortage and Skills Gap: Top Economic Risk for the Next DecadeBloomberg explores major global economic risks, including the war in Ukraine, inflation, and rising commodity prices. Experts identify the shortage of skilled labor as a significant threat, urging investment in education, research, and worker well-being.
Read more »
Labor Shortage and Skills Gap Top Global Risks, Say ExpertsBloomberg reports on major economic threats facing the world, including the war in Ukraine, inflation, and soaring commodity prices. Three market visionaries identify the next big risk: a looming labor shortage and inadequate skills development among young people. Abby Joseph Cohen, former Goldman Sachs strategist, emphasizes the need for investment in research, training, and education to address these challenges.
Read more »
Labor Shortage & Skills Gap: Top Economic Risk in the Next DecadeBloomberg reports on looming global economic risks, including the war in Ukraine, high inflation, and rising commodity prices. Three market experts, including Abby Joseph Cohen (former Goldman Sachs strategist), highlight the potential labor shortage and skills gap as a major concern for the next 5-10 years. Cohen emphasizes the need for investment in education, research, and worker well-being to address this challenge.
Read more »
Labor Shortage and Skills Gap: Next Big Risk for Global EconomyBloomberg interviewed three market experts about the biggest risks facing the world in the next 5-10 years. Abby Joseph Cohen, former Goldman Sachs strategist, highlighted the concerning shortage of skilled labor and the inadequacy of current education systems in equipping young people for future roles in science, medicine, and engineering. She stressed the urgency of investing in research, training, and worker well-being to address this growing challenge.
Read more »