Are you middle class in Western Europe? Try our income calculators | Pew Research Center

London Pakistani middle class

London Pakistani middle class (Photo credit: Wikipedia)

A chart showing the avalability of food in the...

A chart showing the avalability of food in the high middle ages according to social classes and food type (Photo credit: Wikipedia)

This is another interesting article from Pew Research. As part of a new study, Pew Research Center designed income calculators to help you determine where you fit on the income ladder in Western Europe.

Are you middle class in Western Europe? Try our income calculators | Pew Research Center

Whilst I commend the initiative, it fairs to point out that class in Europe is about more than income. It’s to do with social background, family wealth, and education. Consider the example of drop-out children from privileged backgrounds who live off their parents’ income and wealth – are they middle class or have they been relegated?

Thoughts?

 

This is what robots mean for the economy | World Economic Forum

In this fascinating WEF article, John Lewis explores the implications of automation and robotics on the economy, by taking a historical perspective.

Source: This is what robots mean for the economy | World Economic Forum

The argument is fascinating but masks the evidence of winners and losers from automation and robotics. For example, look at the the trend of US blue-collar and clerical jobs, which been replaced have either by machines or offshoring.

The challenge for young people is to develop niche skills in tomorrow’s premium markets. For example, in my own career, I saw that general managers and CFO‘s were becoming commoditized, so I took an applied doctorate, learned languages and worked in foreign markets, then tailored my market facing offering to niche skills in high demand.

Do you have any unusual insights into automation and robotics?