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Illustration: Rebecca Zisser/Axios. Animation by Dan Melius for Axios.
For more than two years, mainstream U.S. and European political leaders have experienced one long bout of "if onlys" — if only they had done this or that, Brexit and President Trump might not have slipped by.
Brexit and Trump's election are symptoms of the shift to a new world order, as discussed in the video above. By comparison with past such transformations, this one is happening at lightning speed, we were told. The reason is technology, whose advances are core in this dramatic shift.
"The speed at which this change is happening is blowing people's minds. And the leaders — political leaders, business leaders — are having a hard time getting their heads wrapped around it.”
Illustration: Rebecca Zisser/Axios
As waves of automation-fueled job losses crash against the labor market, one unexpected hotbed of disruption is Las Vegas, a city overflowing with low-wage, low-skill work.
Kaveh and Erica write: The consensus among experts is that the next big zone to be decimated by robots is the service industry. The hundreds of thousands of jobs in Vegas, among them cooking, cleaning, selling and dealing cards, fall squarely into this vulnerable pocket.
By the numbers:
As we reported last week, the effects of automation are projected to hit the center of the country hardest. But not just middle America is at risk. There are urban pockets with high concentrations of low-wage service jobs — and Vegas is atop that list.
The root of the danger in Las Vegas is the dominance of one industry: casinos.
The bottom line: Casinos are already installing fancy gaming machines and new equipment that allows blackjack dealers to accommodate dozens of gamers, where until now they have been able to deal only to a handful. Their hotels are targets for robotization, too, with automated check-in, room service, housekeeping and even robotic bartenders.
Photo: Joel Saget/AFP/Getty
We've chronicled the most consequential demographic shift on our planet: the aging, childless future. Now there is more evidence of that change, Erica writes.
Driving the news: The market for adult diapers and padded underwear in the U.S. is projected to grow 36% from 2017 to 2022, compared with a 4% projected drop for baby diapers, according to Euromonitor International's forecasts.
America's hidden workforce returns (Eric Morath — WSJ)
Gen Z prefers "socialism" to "capitalism" (Felix Salmon — Axios)
Why iPhones won't be assembled in the states (Jack Nicas — NYT)
The future of jeans (Cale Weissman — Fast Company)
The state of China's coffee war (Naoki Matsuda — Nikkei Asian Review)
The escape. Photo: Eli Sinkus/Axios
When you dine at Alpenrösli in the Swiss skiing town of Klosters, it's a steep, narrow, slippery ride to the top, with no place to park. A lot of people take taxis. But getting back to town, Axios' own experience last week was that most people don't try to persuade a taxi to make the return journey.
They use the restaurant's sleds and slide down at harrowing (and fun) speeds.