Market Visionaries Warn of Future Risks from Labor Shortages, Pandemics, and Deglobalization

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Economics Nouvelles

Labor Shortages,Pandemics,Deglobalization

Three leading market visionaries—Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis—warn of significant economic and societal risks in the next five to ten years, including labor shortages, pandemics, and deglobalization.

Bloomberg recently published an article focusing on significant economic risks facing the world in light of the war in Ukraine, high inflation, and escalating fuel and basic commodity prices. The article highlights the views of three prominent market visionaries regarding “the next big risk” for the world over the next five to ten years.

Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, is concerned about labor shortages and insufficient skills development among students, who will become future scientists, doctors, engineers, etc. Cohen emphasizes the need for future investments and better worker support. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential emergence of a more deadly virus causing worse damage than the current pandemic. He stresses the need for better preparedness. Ken Moelis, founder and CEO of Moelis & Co., warns of deglobalization trends, suggesting nations must ensure their own food and energy supplies to avoid dire consequences from volatile prices

 

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