“The U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and their policies are extremely hard to predict. And this has serious consequences. Companies shy away from risk, postponing their investment decisions in times of uncertainty, the stock markets get nervous and unemployment threatens to increase.” PeopleWellsCountryHardCertainWealthDecisionCompanyGrowingRiskGroupsSharePolicySeriousConsequenceEuropeAdvantageIncreaseInvestmentPopulationDecadesNervousInequalityUncertaintyShyLionsUnemploymentSmall GroupsPopulistPostponing Author:Nicholas Bloom
“Many people who have lost out in the last few decades voted for Trump. Trump will have a difficult time turning them into winners. The jobs of these people are not at risk because of Chinese or Mexican workers, but because of robots and computers. And new trade barriers and higher tariffs are not going to change that.” PeopleJobsLastsLostDifficultRiskTrumpHigherComputerTradeWorkersDecadesChineseWinnerBarriersRobotsMexicanDifficult TimesTariffs Author:Nicholas Bloom
