Machines are becoming very smart. As they quickly take over many of the tasks previously performed by people, the unfolding workplace revolution is creating incredible efficiencies. But it is also threatening to worsen inequality as the work that provides for the incomes generated by large parts of society becomes less secure. For many, it is becoming essential to continually reskill and relearn.
In most countries around the world, standards of living and healthcare advancements are allowing people to live longer, the World Economic Forum says. It adds that this should be celebrated, but we should also consider the implications for the financial systems that have been designed to meet our retirement needs, which in many countries are already under severe strain.
Two great socio-economic metamorphoses are converging at a historically unprecedented pace. They are colliding with doggedly persistent contradictions in long-term savings behaviour. It is a recipe for crisis. But also for opportunity. In this, the first of a four-part miniseries exploring the rapid evolution of an age-old conundrum, we delve into the digital disruption of work
Retirement is the most certain risk we face – and most people find it hard to mitigate. The Fourth Industrial Revolution has some solutions, beginning with helping you to understand your retirement status, says Alex Cook, CEO, GCI Wealth.
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