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.
2018-08-11 14:35:00 Saturday ET

The Trump administration imposes 20%-50% tariffs on Turkish imports due to a recent spat over the detention of an American pastor, Andrew Brunson, in Turkey
2019-09-19 15:30:00 Thursday ET

U.S. yield curve inversion can be a sign but not a root cause of the next economic recession. Treasury yield curve inversion helps predict each of the U.S.
2020-02-02 11:32:00 Sunday ET

Our fintech finbuzz analytic report shines fresh light on the current global economic outlook. As of Winter-Spring 2020, the analytical report delves into t
2025-09-24 09:49:53 Wednesday 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
2018-05-01 11:38:00 Tuesday ET

America and China play the game of chicken over trade and technology, whereas, most market observers and economic media commentators hope the Trump team to
2019-11-13 11:34:00 Wednesday ET

The new Brexit deal can boost British pound appreciation and economic optimism. British prime minister Boris Johnson wins the parliamentary vote on his new