Three Visionaries Warn of Future Risks: From Labor Shortages to Pandemics

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Three Visionaries Warn of Future Risks: From Labor Shortages to Pandemics
ECONOMYGLOBAL RISKSLABOR SHORTAGE
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Bloomberg highlights the perspectives of three market experts—Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis—on looming economic and societal risks including labor shortages, potential viral outbreaks, and deglobalization trends.

Bloomberg recently published an article on the impending economic risks facing the world due to the war in Ukraine, rising inflation, and increasing prices of fuel and basic commodities. The article highlights insights from three market visionaries regarding future risks over the next five to ten years. Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, emphasizes the concern over labor shortage s and inadequate skills development among students.

Cohen advocates for investment in research, education, and worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry about the potential outbreak of a deadlier virus that could cause even more severe consequences than COVID-19, indicating a need for better pandemic preparedness. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization as nations focus on self-sufficiency in food and energy, due to current global uncertainties

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