Otherwise, we would be running the risk of gaining a dominant market inﬂuence and smoothing out the differences in risk premia for government bonds, and thus weakening market discipline still further. This problem, in particular, is being exacerbated once more by the recent expansion of the PEPP.
As a result, education is increasingly becoming a lifelong activity; businesses are now looking for employees who are prepared to continue learning, and workers and managers in many kinds of pursuits have begun to recognize that maintaining their human capital will require persistent hard work and flexibility. 2 Peter Cappelli, “Are Skilling Requirements Rising?