I am literally listening to Richard Florida, author of the bestseller "The Rise of the Creative Class" on Coast to Coast AM radio.
In his new book, "The Great Reset," he makes the following trend forecasts:
1. Our economy will lose another 1 million blue-collar jobs.
2. Our economy will add another 7.5 million well-paying jobs over the next ten years in the following areas:
Business management
New technology
Healthcare
Education
3. Our economy will add another 7.5 million jobs over the next ten years in minimum-wage jobs like food services and home healthcare.
Florida argues we must boost the pay of this lower half or we shall end up with a "divided economy."
In this he echoes the late Peter F. Drucker who argued that a central challenge in our economy is providing dignity to such jobs.
Florida and Drucker see the same challenge. If or how we meet it is still ours choice.
I have ordered his latest book. When my wife and I are next in Toronto, I plan to visit with him. He teaches at the University of Toronto now, from which I hold a M.A.
Florida also predicts tension with China over natural resources. As China's economy grows in strength, it will need more and more natural resources to satisfy the rising expectations of its population.
Florida predicts China's first move will be into Africa in order to gain control of its natural resources.
I love trend forecasting! It is never boring!
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