AI and its consequence on labor market’s structure. How important is it to update your skills portfolio?
Goldman Sachs economists suggest that over 300 million jobs could be affected in the next decade, while McKinsey’s analysts call people to update their skills portfolios amid potential risk of labor displacement. The rapid introduction of AI in production technologies and services has been seen as the harbinger for job losses specially for low skill […]
HOW CHINA APPROVES LAWS ON THE MARGIN
SVIZZERA: UN’ANALISI SULL’INFLAZIONE Nell’ultimo anno l’inflazione ha toccato livelli record che non si registravano da 30 anni, negli Stati Uniti si è superato il 9%, mentre l’Italia ha avuto una crescita media dei prezzi pari all’8.1% nel 2022. Tuttavia, alcuni stati Occidentali, come la Svizzera, sono riusciti a contenere l’aumento dei prezzi, malgrado gli effetti […]
BANK OF ENGLAND: RAISING INTEREST RATES TO DEAL WITH INFLATION
A Natural Experiment The Korean peninsula is known to be a natural experiment: North and South Korea have the same history, culture, language, and geography, but they have been having very divergent economic outcomes. South Korea is an OECD country; it is very developed and has major industries, while North Korea often can barely afford […]
On February 2, 2023, the Bank of England announced that it will rise interest rates for the tenth consecutive time. The 0.5% increase brings interest rates to 4%, the highest level in 14 years. The decision was taken in response to rising inflation, which has been a major concern for policymakers in recent months. The […]