Growing trends in income disparity are a concern in both developed and major emerging economies. At the same time, it is estimated that USD 5–7 trillion of economic activity will be impacted by the automation of knowledge work over the coming decade. How might these technological advances put pressure on middle-class prosperity, and what steps can be taken to ensure economies possess both the competitive skills and the supporting social systems to maintain – or improve – broad-based affluence?
“Entrepreneurship is what we should look into. It can reduce the negative impact of labour-saving technologies on income and living standards.”
“Middle class is not just [level of] income; it’s also lifestyle and type of behaviour. It is very resilient and adjustable, and will find a way to survive.”
“Where you have too much regulation the compensatory effects of creativity and entrepreneurship will be hindered. Set the world free if you want to compensate for the effects.”
“If we leave some things to the machines, then we will have a great opportunity to start being innovative and explore this aspect of ourselves. This could actually be a new Renaissance for humanity.”
In cooperation with PwC
In cooperation with Deloitte
In cooperation with Gazprombank (Open Joint-Stock Company)