Productivity Puzzle: making sense of the job numbers

19 Aug

When facts seem to get in the way of belief it is hardly surprising that some folk get upset.

Cherished notions about productivity were at the root of consternation in the UK last week but the puzzle provides a few extra clues for those who have not yet fully understood the impacts of digitalisation and ‘the digital economy’.

With jobs growth highest amongst people least likely to benefit from digital efficiencies and an increase in ‘digital economy’  activities that are not included in GDP estimates we are seeing the emergence of new realities and an urgent need to design better ways of understanding what is going on.

Full story here.


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