How to create jobs for the world’s 1.2 billion new workers

THE world moves on different wavelengths. Some are high-frequency shocks – wars, emerging technologies and market panics – that spike quickly and dominate our attention. Others are low-frequency forces that move slowly but relentlessly: demographics, globalisation, water and food scarcity.

The high-frequency waves feel urgent. The low-frequency waves reshape the system.

That is not to say crises do not matter. But we cannot become casualties of the slow burn simply because the immediate crisis burns hotter or dominates more headlines.