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economic implications of prejudice in the fourth industrial revolution

At the Warwick Economics Summit, Paul Donovan, Chief Economist at UBS Global Wealth Management, highlighted the economic dangers of social prejudice amid the fourth industrial revolution. He argued that scapegoating marginalized groups for economic insecurity is a recurring theme in history, exacerbated by protectionism and prejudice in the labor market, which undermines economic success. Donovan emphasized the need for a genuine culture of diversity in workplaces, sharing his own experiences of hiding his identity to avoid discrimination.

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