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?

How much could Brexit wipe off UK GDP? | World Economic Forum

English: Official logo of the World Economic F...

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

The authoritative WEF provides a powerful  meta-analysis assesses the potential economic impact of a vote to leave in the UK’s referendum.

Source: How much could Brexit wipe off UK GDP? | World Economic Forum

This research looks at existing research projections and concludes that they are probably understating the downside risk from Brexit.

This bottom line was recently reinforced by the Christine Lagarde, the managing director of the IMF. She concluded that the impact of Brexit is between bad and very bad in terms of economic impact.

Supporters of the Brexit dismiss all these arguments as theory but they fail to offer alternatives in terms of evidence and risk assessment.

Ultimately, the referendum vote will be between those favoring xenophobia and those who look to economic prosperity. Logic and reason favour the Remain campaign but the Brexit campaign is now being championed by the UK’s own right wing populist (like Trump and Le Pen), namely Boris Johnson.