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Nobel Prize-winning economist Sir Christopher Pissarides sat down with CGTN’s Guan Xin to unpack how demographic shifts—like aging populations and falling birth rates—are reshaping economies worldwide. Spoiler: Automation and AI are about to steal the spotlight!
The Aging Workforce Dilemma
Pissarides warned that countries can’t ignore the ‘silver tsunami’ of older populations and fewer young workers. ‘The math is simple: if birth rates drop, we need smarter ways to sustain growth,’ he said. Enter robots, AI, and automation—tools he calls ‘game-changers’ for filling labor gaps.
AI: Friend or Foe?
While some fear job losses, Pissarides is all-in on tech’s potential. ‘Automation isn’t here to replace humans—it’s here to redefine work,’ he argued. Think less factory drudgery, more creative roles in tech and services.
Unlocking the Services Sector
The key to job creation? Turbocharging the market economy. ‘Governments need to slash red tape and let businesses thrive, especially in services like healthcare, education, and green tech,’ he stressed. Trade barriers? Tear ’em down!
TL;DR: The future of work is a mix of smart policies, tech innovation, and service-sector magic. Stay curious, stay adaptable!
The Aging Workforce Dilemma
AI: Friend or Foe?
Unlocking the Services Sector
