Any unacceptable trends in OECD economies will be corrected

Currently, we can probably identify four unacceptable trends in OECD countries’ economies: The disappearance of intermediate jobs (in industry and around industry) and their replacement by jobs in unsophisticated services, which is leading to labour market polarisation and a disappearance of social mobility; Concentration of wealth and growing wealth inequality; A skewing of income sharing to the detriment of employees and in favour of profits; Non-compliance with international climate agreements. As these four trends are increasingly unacceptable to public opinion ; when making long-term forecasts, we have to predict that they will be corrected, which will probably require: A return to certain forms of protectionism to protect manufacturing jobs; Higher taxation of high incomes and high wealth; Faster growth in wages, rising inflation and interest rates; A tightening of climate regulations with its resulting effects (higher price of fossil energies, restrictions on the use of fossil energies, higher investments in energy transition, etc.).