Social change Outlook 2020
Adapting to tomorrow’s challenges
Mainstream adoption of the Internet and the rapid development of smart technology have both been pivotal in accelerating social change. New technologies offer a platform for individuals and groups to develop their own social infrastructure – and technological progress is having a profound impact on how society consumes goods, knowledge and space.
In our Social Change Outlook report for 2020, we look at the most important factors driving change in the new decade – not just for society in general, but also for the future of real estate.
Skills gaps and automation
Estimates suggest that up to 65 per cent of children entering primary school today will go on to have jobs that do not yet exist. This makes it difficult to equip people with the skills to compete in future job markets – and as an increasing number of jobs are automated, we will also need to retrain the current workforce.
Fragmentation of politics
As people live longer and income inequality rises, political needs are becoming harder for governments to satisfy. Tension or unrest between communities can also develop if there is a feeling of marginalisation. At the same time, politics is becoming increasingly polarised around the world.
Growing pressure on resources
A shrinking workforce and a growing elderly population will together put a significant strain on public spending. Ensuring energy security at an affordable price is a concern for both the public and private sectors, as is developing sustainable ways of managing the environment.
In our Social Change Outlook report, we look closer at how society is shifting around technological advance – and what impact this will have on real estate in the coming years.
Download now to find out how investors and landlords can fully capitalise on 2020’s changing landscape.
Read more Outlook 2020 articles