I need to confess to the reader that I have problems, but not solutions. Specifically, there are three problems. First, the rate of growth is decreasing in several countries: certainly in Europe, but also in Japan (my generation can still recall the years of the Japanese “miracle”), in the U.S. (what today is considered growth […]
Are We Heading for Permanent Stagnation?
The global downturn that followed the collapse of Lehman Brothers in 2008 has now lasted for more than five years and the world as a whole is far from normal employment or economic activity. Even the United States, which has seen a healthier recovery than much of Europe, is still struggling with high unemployment and […]
Golden Workers
Amid a general concern – and rightly so – about youth unemployment, there is another reality that is going almost unnoticed: the share of those over 55 that are not working. Some of them are unemployed, others are retired or out of the labor market. The first thing worth noticing when looking at this data […]
Will Technological Development Take Your Job?
In The Terminator, a highly intelligent computer becomes self-aware and starts a nuclear holocaust that wipes out the human race, leaving only a few brave souls left to fight the robot soldiers, impersonated by Arnold Schwarzenegger. The fictional date of this catastrophic event – August 27, 1997 – has long since come and gone without […]