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Beaudry, R, Green, [1A. and Sand, B.M., 2016. The great reversal in the demand for skill and cognitive tasks. Journal of Labor Economics. 34(31), pp.SlQQ-324T.

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Beaudry, R, Green, [1A. and Sand, B.M., 2016. The great reversal in the demand for skill and cognitive tasks. Journal of Labor Economics. 34(31), pp.SlQQ-324T. Section LB Wage and Employment Rate Patterns In this section, the paper states "Under our interpretation. the prognosis for the immediate future is pessimistic, while under the second interpretation. we are just witnessing cycles of varying amplitudes and one would predict a strong period'of growth in the near to mediumurun future." Please explain why "under our interpretation, the prognosis for the immediate future is pessimistic"

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