Globalization and Machine Translation

Will the supply and demand balance each other out, or are we going to go into some slump in one direction or the other? I think people around the world, more and more, can speak more than one language. The cultural aspects of it are challenge for human translators. Even for people with a lot of experience in the country or language tht they're working in you can't compensate for being raised in a culture. Although meno may bee is tools will be able to overcome that.