Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.
Bill GrossBe cautious and content with low positive returns in 2015. The time for risk taking has passed.
Bill GrossIf companies don't know that they can run out of money, they won't be thinking of ways not to run out of money.
Bill Gross