Our track record on these forecasts is diagrammed in Figure 59. For half of the forecasts, we were right on the trend and fairly close on the numbers. For another quarter, we got the trend right, but not the numbers. For the final quarter, we missed something important. IFTF Let's look at the 11 forecasts in greater detail.
Education is a critical input for an information society.
We identified the tremendous rise in educational attainment as a critical factor for long-term U.S. growth and international competitiveness. We have long projected a rapid growth in high-income households in the United States. IFTF identified the demographically driven rebound of the labor market ten years ago. The long-term consequences of environmental issues will have important impacts on business. In the late 1980s, we expected the environmental movement and the rise of recycling to cut back on the amount of waste discarded.