Robots Won't Save Us From an Age of Inflation
Longer lives mean more old-age nurses, a role that can’t easily be automated. That could change the balance between labor and capital.
They don’t have the empathy.
Photographer: JOHN THYS/AFP/Getty Images
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Thanks to everyone who took part in the latest edition of the Bloomberg book club. Click here for the full transcript of the chat I held with Bloomberg colleague Stephanie Flanders, Barclays Plc senior U.S. economist Blerina Uruci and Manoj Pradhan, co-author of The Great Demographic Reversal. Over two hours, we gave as a good a stress test as we could to Pradhan’s argument that demographics are about to lead to an era of rising inflation and interest rates, and falling inequality.