The critical point to grasp is that retirement outcomes are the product of savings habits ingrained over an entire working life. The sooner policymakers act, the better off people will be in their old age. The biggest policy risk is to do nothing.
Prompt action will dictate how many jobs are lost and created, how rewarding and fair the labour of tomorrow will be, and how we can avoid the pitfalls of widening inequality. If we take the right decisions now, we might even learn to live side-by-side with our new machines.
The widespread deployment of full fibre broadband would provide the best performance, but it is also the most expensive option. Most policymakers have now come to the conclusion that the expected benefits of very high capacity networks (VHCN), i.e. full fibre plus 5G, justify the significant investments required.