2019-08-10 21:44:00 Sat ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
McKinsey Global Institute analyzes 315 U.S. cities and 3,000 counties in terms of how tech automation affects their workers in the next 5 to 10 years. This analysis finds that the zip code of primary residence may be the most important determinant of the economic future for the American middle class. The 25 U.S. mega-cities and their peripheries are home to about a third of the chief American workforce. These metropolitan areas are likely to continue to capture 60%+ of U.S. job growth in the next few years. By contrast, 54 suburban areas and 2,000 rural counties are home to only a quarter of the U.S. population, and the rural areas may suffer with virtually zero employment growth in the next decade.
In this fresh light, America is a mosaic of local economies that traverse on divergent economic trajectories. Tech automation and artificial intelligence may inadvertently widen these economic disparities. The McKinsey report further indicates that the current tech trends may displace about 12 million Hispanic and African-American workers in the next few years. The government needs to invest in higher education to build the U.S. workforce of the new century, and this public investment should focus on closer employer-educator partnerships.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-11-25 12:37:00 Sunday ET

The Chinese administration delivers a written response to U.S. demands for trade reforms. This strategic move helps trigger more formal negotiations between
2025-10-06 10:27:00 Monday ET

Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2019-08-01 11:33:00 Thursday ET

Many young and mid-career Americans fall into the financial distress trap in rural communities. A recent analysis of 25,800 zip codes for 99% of the U.S. po
2018-06-05 07:36:00 Tuesday ET

Just Capital issues a new report in support of the stakeholder value proposition in recent times. U.S. corporations that perform best on key priorities such
2018-08-07 07:33:00 Tuesday ET

President Trump sounds smart when he comes up with a fresh plan to retire $15 trillion national debt. This plan entails taxing American consumers and produc
2023-08-21 12:25:00 Monday ET

Steven Shavell presents his economic analysis of law in terms of the economic outcomes of both legal doctrines and institutions. Steven Shavell (2004)