The Next Big Risk: Shortage of Labor and Inadequate Skills Development

Bloomberg recently published a piece on the big economic risks 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.

Source: News Formal (newsformal.com)

Economic Risks Shortage Of Labor Inadequate Skills Development Investment Research Training 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.

The Next Big Risk for the World: Labor Shortage and Inadequate Skills DevelopmentBloomberg recently published a piece on the big economic risks 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 (in terms of research, training, education, etc.) and to take care of workers so that their families are more comfortable
Source: BusinessMirror - 🏆 19. / 59 Read more »

Big-time oil price hike of as much as P2.10/l next weekDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

[OPINION] A big defeat for Big TechTech companies know that if there is an open, democratic debate, consumers’ concerns about digital safeguards will easily trump concerns about their profit margins. Industry lobbyists thus have been busy trying to short-circuit the democratic process.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

LOOK: Here’s where PH celebs spent Holy Week 2024Take inspiration from these celebs for your next big vacation!
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Experts say shunning shingles can put one’s health, life at riskSEVERAL years ago, the host of a popular late-night show in the US said he had shingles once and immediately, the female guest somewhat referred to shingles as a form of STD or sexually transmitted disease. Of course, the host vehemently denied that shingles is an STD.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Citing safety risk, Taiwan recommends president does not visit South China SeaTaiwan National Security Bureau Director-General Tsai Ming-yen says the South China Sea has been highly militarized, and the government must also consider how the international community would view such a trip
Source: rapplerdotcom - 🏆 4. / 86 Read more »