UK productivity falls to pre-crisis level

[AtW]

"There is something about the economy which - left to itself - will proliferate very, very low paid jobs."

Brexit will fix it - Deliveroo "partners" will be doing PhDs work in pharma companies.

[scooterscot]

How does productivity decrease in the face of so much job creation? What more proof do you need the government's figures are all smoke and mirrors?

[northernladyuk]

UK productivity falls to pre-crisis level - BBC News

Britain’s wealth problem – we don’t create enough of it - BBC News

Today's productivity figures are bad to the point of shocking.

Lord Adair Turner, the former head of the Low Pay Commission, yesterday and he made a rather startling - but correct - admission.

"The UK over the last 10 years has created a lot of jobs, but today real wages are below where they were in 2007," he said.

"That is not the capitalist system delivering its promise that over a decade or so it will raise all boats, and it is a very fundamental issue.

"There is something about the economy which - left to itself - will proliferate very, very low paid jobs."

The ever increasing wealth gap is coming home to roost now.

What is the change in productivity in USD terms?

[BrilloPad]

UK productivity falls to pre-crisis level - BBC News

Britain’s wealth problem – we don’t create enough of it - BBC News

Today's productivity figures are bad to the point of shocking.

Lord Adair Turner, the former head of the Low Pay Commission, yesterday and he made a rather startling - but correct - admission.

"The UK over the last 10 years has created a lot of jobs, but today real wages are below where they were in 2007," he said.

"That is not the capitalist system delivering its promise that over a decade or so it will raise all boats, and it is a very fundamental issue.

"There is something about the economy which - left to itself - will proliferate very, very low paid jobs."

The ever increasing wealth gap is coming home to roost now.