This is the second part of my series about the four most critical global challenges facing humankind in the next 50 – 100 years. In the previous post, I went into more detail about “#1. Climate change / ecological collapse” and “#2. War between civilizations”. Today it will be about “#3. Impact of technology” and “#4. Global inequality”.
While the overall US GDP has grown almost three times since 1979 – 2018, the median real wage (50th percentile) increased by only 6.1% during the same period. For Men, the median wage decreased by 5.1%. It hit the low-income (bottom 10th percentile) worker group the hardest with a decrease of 13.3%.
Forbes organized its 2019 global CEO conference in Singapore this week. Prime Minister Lee Hsien Loong attended and answered a series of questions ranging from the Hong Kong protest, US/China relationship, ASEAN to climate change, Singapore birth rate, etc.