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.
2023-01-11 09:26:00 Wednesday ET

Addendum on USPTO fintech patent protection and accreditation As of early-January 2023, the U.S. Patent and Trademark Office (USPTO) has approved our U.S
2024-03-26 09:30:00 Tuesday ET

Stock Synopsis: ESG value and momentum stock market portfolio strategies Since 2013, we have been delving into the broad topics of ESG (Environmental, So
2017-01-11 11:38:00 Wednesday ET

Thomas Piketty's recent new book *Capital in the Twenty-First Century* frames income and wealth inequality now as a global economic phenomenon. When
2018-07-23 07:41:00 Monday ET

President Trump now agrees to cease fire in the trade conflict with the European Union. Both sides can work together towards *zero tariffs, zero non-tariff
2018-02-23 09:35:00 Friday ET

Warren Buffett releases his annual letter to Berkshire Hathaway shareholders as of February 2018. Buffett discusses Berkshire's core cash ambition, its
2017-02-19 07:41:00 Sunday ET

In his recent book on personal finance, Tony Robbins recommends that each investor should rebalance his or her investment portfolio *only once a year* to in