The machine learning solution to the UK’s productivity problem
Labelled the “the economic challenge of our age”, Britain’s productivity gap continues to grow. Indeed, the latest labour productivity figures show how the divide between the UK and the remaining members of the G7 group of industrial nations is currently at its greatest since modern records began in the early 1990s. And with the unemployment rate falling to 5.2 per cent – its lowest in nearly a decade – improving British productivity is no longer a question of getting people into jobs, but how to help them drive greater output from every hour worked. This poses a significant challenge to both businesses and policymakers. Last year the government announced a mix of deregulation and government intervention to rectify the poor productivity performance: ranging from skills, apprenticeships and universities, to transport…
Link to Full Article: The machine learning solution to the UK’s productivity problem
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