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.
2019-03-31 11:40:00 Sunday ET

AYA Analytica free finbuzz podcast channel on YouTube March 2019 In this podcast, we discuss several topical issues as of March 2019: (1) Sargent-Wallac
2023-03-07 11:29:00 Tuesday ET

Former Bank of England Governor Mervyn King provides his deep substantive analysis of the Global Financial Crisis of 2008-2009. Mervyn King (2017) &nb
2019-06-13 10:26:00 Thursday ET

The Chinese Xi administration may choose to leverage its state dominance of rare-earth elements to better balance the current Sino-U.S. trade war. In recent
2026-10-31 12:38:00 Saturday ET

Today tech titans and billionaires continue to reshape global pharmaceutical investments for both better healthspan and longer lifespan. We discuss, desc
2023-09-14 09:28:00 Thursday ET

Colin Camerer, George Loewenstein, and Matthew Rabin assess the recent advances in the behavioral economic science. Colin Camerer, George Loewenstei
2017-02-01 14:41:00 Wednesday ET

President Trump refreshes his public image through his presidential address to Congress with numerous ambitious economic policies in order to make America g