What will shift global inequality? ● Convergence force ○ Poor countries will grow faster than wealthy countries ○ Technology diffusion, capital mobility, globalization ● Divergence force ○ Inequality will increase ○ Capital outpace returns to labor ● Economic center shift ○ Europe => North America=> Asia ○ China and India shapes global middle class ● Africa ○ Potential for growth large ■ Population ■ Landscape ■ Resource ■ Must work on infrastructures ■ Epidemic is still a concern ● Population will exceed maximum capacity at 2085 ○ 10.4 Billion ● Growth will slow by 2050 ○ After that, the growth is uncertain ○ Lower fertility, aging ● Aging population will make shift in global labor market ● Child youth population decreases after 2025 ● Population growth of elderly is global ○ Not just limited to wealthy country ■ Health care and pension plant ■ Replacement of labor ■ Educations Middle classes in Wealthy country ● Rich elites ● Low wage workers emerging ○ Wage growth stagnation ○ Job insecurity ● Polarization increase ○ Skilled-unskilled ○ Capital rich- labor-rich ● Education ○ Crucial for social mobility ○ Favor on rich ● Family background matters Resolution ● Public education ● Healthcare ● High tax on wealth/ inheritance