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39 ยป VISIT US ONLINE @ DSNEWS.COM that change. It's interesting to watch where venture capital investment is spreading across the country because I think that will drive future employment growth as well. What trends do you think the economy will see in the coming months? Absent any geopolitical maneuvers that would distract the current economic path, economic fundamentals remain generally strong. While baby boomers retiring is a concern, we are fortunate with favorable demographic force coming from the number of millennials and the generation following them, generation Z. Solid employment growth is a resultant force and possibly the only trend we can talk about with certainty right now. What remains very fluid are the potential policy changes and their impact on the economic outlook. But again, policy changes are and will remain fluid and it is very hard to talk about anything in the short future. I think it will be an interesting remainder of the year and the most important factor keeping the economy going will be optimistic consumer sentiment. anks to solid employment trends, consumers have remained positive throughout this year and hopefully the sentiment will remain positive in light of recent calamities and many geopolitical uncertainties. What other economic factors should we pay attention to? One factor that we are lacking in the current employment cycle is wage growth and related inflation. ere are several concerns around this. One, which economists have been talking about more, is the question of if we are measuring the current economy properly. Most economic measures that we rely on were developed a long time ago when the economic output looked much different. Technology changed everything, and I'm not sure if we even know yet how to measure all these changes. Another concern around lack of wage growth is the inability to attract skilled labor to jobs that are in desperate need of workers, such as the construction industry. One reason new housing construction has been missing in the current economic expansion is the lack of skilled labor. And lack of new construction further exacerbates affordability concerns that I mentioned earlier. But lack of skilled labor is generally a problem, not only in construction, but also in tech industry, which is one sector severely, lacking qualified labor and one that will continue to grow. Put together, we need to find ways of quickly and efficiently training our workforce for jobs that we need filled. I think that would markedly help our economoic growth. "Economics is one of those disciplines that always made sense to me and I found it very intuitive. I studied urban economics, in particular, because I was always interested in how cities are organized and why they emerge. Why do people choose to live in high-density neighborhoods, or far from city centers in suburbs?" THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com.