Over the next decade, labour & commodities shortages will reward the brave worker, the ambitious company & the balanced investor while sinking the others.
Totally agree with the conclusion. I would add that I think that investors will finally have to put some effort to beat inflation adjusted returns as the passive investment flows turn negative. Retired boomers will be hit with the double whammy of high labor costs and low returns. Politics might answer that with higher taxes, which will solve nothing IMO.
Great piece. Basically: reward for labour likely to increase, reward for capital likely to decrease. Reward for capital includes pensions, so this could be wealth transfer from old to young. The great reset in slow motion.
Great post as always.
Totally agree with the conclusion. I would add that I think that investors will finally have to put some effort to beat inflation adjusted returns as the passive investment flows turn negative. Retired boomers will be hit with the double whammy of high labor costs and low returns. Politics might answer that with higher taxes, which will solve nothing IMO.
Time will tell I guess.
Exact. I always expected boomers to have the big part of the pie... But... Might be different
Great piece. Basically: reward for labour likely to increase, reward for capital likely to decrease. Reward for capital includes pensions, so this could be wealth transfer from old to young. The great reset in slow motion.