Mohamed A. El-Erian and Kemal Derviş . The articles were about how U.S. Federal Reserve and other central banks are shifting priority from inflation to unemployment. Apparently, Fed chairman seems to have made an explicit statement about targeting unemployment.
The topic on employment / human engagement in future had been touched by me in my previous posts -
|My visualization on how money flow should be channeled to right sectors|
But such 'long-term' sectors are not yet big employers yet due to the short-term yield and low-risk inclination of the present post-recession capital markets. These sectors didn't attract much investment in the past either. See my tweet below -
The market capitalization of #MedicalResearch industry is <1% of healthcare sector: Too Small?@dheerajakula ow.ly/ccdxd
— Dheeraj Akula (@dheerajakula) July 12, 2012