RE: Technology And Demographic Changes
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While automation sounds great for developed countries, I think it can pose major challenges for developing countries like India or Nigeria that have very large, young and mostly unskilled populations that would suffer from the lack of job opportunities
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You are absolutely right although developed countries have large unskilled populations also.
There is a global effect on all this. Few look at things globally, especially Americans. The fact that China is automating more ends up meaning there is less moves to Vietnam and Laos. Thus, those countries growth is slowed.
There is a spillover effect throughout the entire system. It is why we are going to see new economic models formed.
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