People will be affected most by how people benefit from economic growth but also how well they can adapt to change. We can measure how well benefit from economic growth — i.e. salaries, cost of housing — or are negatively impacted — loss of jobs through automation or offshoring, rent increases making people downsize, etc.
We also measure people’s needs — i.e. health, education, employment, and even predict how likely they are to have an illness, become homeless or…vote.
We can correlate structural factors at both a personal level and neighbourhood level that affect their ability to take advantage of any economic growth or suffer from a recession.
For example, a person with low education but who owns their own home will benefit from in an area that is regenerating and house prices are increasing, than someone with higher levels of education but who rents who might end up being priced out. Likewise, someone with health needs in an area with strong infrastructure and support networks is more likely to improve than someone without.
But how about someone’s capability to adapt to change? Be it a factory worker in a sector being automated, someone who is disabled leaving school?
The below shows analysis on this regarding young people:
