A Bain & Company report called “Labor 2030: The Collision of Demographics, Automation and Inequality” warns that advanced economies are hurtling towards a demographic bust. However, the ensuing shrinkage of the workforce does not imply higher pay, since automation could eventually eliminate up to 50% of all current jobs. But robots can’t do everything, and the burden of work may fall on pre-retirees aged 55 to 74, while 18 to 29-year-olds hunker down in a new life stage Bain calls “second adolescenc
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