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Workforce shortage - Investment magazine Telescope (No 8 - December 2023)

All the signs are that the labour shortage in the industrialised nations will intensify dramatically in the current decade. But as the workforce gap left by the greying population widens, the need to take action becomes ever more urgent. Governments, companies and, yes, investors cannot afford to sit on their hands. The implications are simply too serious. The labour shortage forces companies to rethink their growth plans and ask themselves how quickly they ­should invest in automation and/or artificial intelligence in order to make up for the shortfall in human resources. But read for yourself.

From the content:

  • Five aspects of the skilled labour shortage 
  • The economic fall-out for financial markets, companies and the government finances
  • How the labour input influences the Solow growth model
  • The multiple challenges summarised in charts
  • Why the biggest labour shortage will arise in the next ten years: interview with demographics expert Manuel Buchmann
  • Japan is leading: How the island nation is dealing with demographic change
  • Twelve stocks which are benefiting from shifts in the population structure
  • Automation: the story of first industrial robot Unimate
  • Soul musician jan SEVEN dettwyler reveals his best and worst investments
  • Gen Z: simply more consistent than their parents?
Investment magazine telescope

Older issues

Telescope no. 7 (June 2023) Less for more

There is knowledge in data. Only those companies that systematically collect, cleanse and analyse data can benefit from it. You don't have to be Amazon or Google to do this, but these tech companies are leading the way: They are getting smarter using analysed data. Thanks to digitalisation, there is no longer a lack of data sources, but rather a lack of analysis. A clean database is crucial for this, otherwise the conclusions are wrong, regardless of whether they are drawn by a human or by artificial intelligence (AI).

Telescope no. 6 (December 2022) The power of data

Data is knowledge. Only companies that systematically collect, organise and analyse data can derive advantages from it. You don’t have to be Amazon or Google, but they are the companies that are blazing the trail. By managing huge volumes of data they make themselves cleverer. Thanks to digitalisation, there are plenty of data sources available. The problem is how to analyse it. A clean and well-structured database is crucial. Otherwise the wrong conclusions will be drawn, whether by a human user or by artificial intelligence (AI).

Telescope no. 5 (June 2022) Living with Deglobalisation

After an explosive period of globalisation, the worldwide integration of economic activity is encountering headwinds. First came the financial crisis, precipitating a slump in direct investments. Then followed the trade conflict between the US and China, then the pandemic and now the war in Ukraine. Supply chain security has become an issue again, while sustainability is an added incentive to bring production closer to home. We believe economic globalisation has passed its peak for the time being.


Telescope no. 4 (December 2021) Investing with a purpose

Money can't buy happiness, as the proverb goes. And we all know that a good life requires more than money alone. This insight is increasingly colouring people's attitude to investment. What is the point of a high financial return if it is achieved by flouting one's personal values and beliefs? Isn't it possible to put together a rewarding portfolio by investing in companies that help combat climate change or improve working conditions in developing countries? In other words, it is becoming more important to achieve not only a return but also an impact with one's money.


Telescope no. 3 (June 2021) Emerging Markets reappraised

Emerging market countries have become important partners and competitors, both economically and politically. But some 20 years after the euphoria around the BRIC countries Brazil, Russia, India and China, it is high time for a reappraising of the broad group of emerging markets. We have compiled a ranking that shows which of them are the most attractive for investors. In our view, Asian countries have the best chances of benefiting from the current economic recovery.

Telescope no. 2 (December 2020) Green recovery

Liechtenstein, Switzerland and the European Union have committed themselves to bring their greenhouse gas emissions to net zero within the next 30 years. Governments can set the wheels in motion and provide an appropriate framework. But the target cannot be achieved without a determined effort by businesses and individuals. At the same time, the signals are changing back to green for the next upswing after the slump caused by the corona pandemic. From our point of view, a green recovery is on its way.

Telescope no.1 (June 2020) The wimpy Dollar

No other currency in the world is as widespread and widely accepted as the US dollar. It has a very special status. Whenever there is stress in the financial market, the dollar is all the more sought after. The greenback is one of the safe havens, as the corona crisis has just shown again. But this was probably only the last hurrah. The dollar will depreciate over the long term, and there are many reasons for that. It is overvalued according to the purchasing power parity theory. The higher inflation rate in the US compared to Europe and Japan also speaks against the dollar, as does the combination of trade and budget deficit in the US. The dollar, simply put, is becoming a weakling.

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