Saturday, November 04, 2017

Is population ageing slipping down the league of global mega issues?

The answer is yes, if you believe the Knowledge at Wharton newsletter

‘The Top Five Global Economic Challenges’ that it identifies are:
1. Growing Income Inequality
2. Technology Driving Change in Jobs
3. Rising Protectionism
4. Increasing Migration
5. Growing Influence of Social Media and the Post-truth World

To be honest I don’t think you can take these sorts of list seriously. The 'top five' items
invariably reflect the mega issues that the media has most recently become obsessed about. It is known as the availability heuristic that explains how we give undue importance to the most recent things that have occurred.

Last year population might have been important but that is 12 months ago and 'rising protectionism' has had a lot more online and off-line coverage.

Of course, the list also reflects the author’s particular hang-ups.

In my mind population ageing should be in the top three of anybody’s list but then I would say that, wouldn’t I. Dick Stroud

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