productivity
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- Опубликовано: 5 фев 2025
- tetradia.ai.
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Old MacDonald sold his Farm.
Now it's run by robots.
AI...AI....Oh.
Thats what the Luddites said, the reason you didn't have to start work at 7 years old and work 70 hours a week like your great great grandfather did is because of the robots.
@willyhill7509 There was no AI and no Robots in 1820.
Just poverty. Luddites were defending their livelihoods.
@@willyhill7509 The first one was American and came out in 1961. It was extremely expensive and was not a great deal of good, except if you want to work in a nuclear reactor. The Western nations lost interest and then it was the Japs who took the robots seriously. This was in car manufacture. so we were saved by the Japs beating us.
When you hear the words' productivity and efficiency, they add up to job cuts and profits .
They encourage you to "work smarter" by making sure you drink more water to replace lost fluid.
The UK is broke. Spending needs to be cut at least 30%, time limits need to be introduced on claiming welfare. Many thousand of Civil Servant's need sacking. Public staff pensions need to be the same as the rest of us, why should we pay tax for their pensions which are much better than ours. 50% MPs need to be sacked and at least 50% of the House of Lords. All Foreign Aid needs to stop. Then cut taxes for business and encourage real inward investment which will never happen with high taxes. We will then start to get some real growth. The average Brit is over 40% poorer than the average American, the system over the last 30 years has failed, time for big changes....
UK has a perfect cycle to destroy productivity - a failing education system delivers people who don't have the skills for the modern world and companies who don't invest in training because it is easier and cheaper to bring in foreign workers who are effectively subsidised by our state benefits system. It's never ending because the children of under-educated people tend to have children who perform less well at school thus repeating and deepening the decline. Been going on for decades, since the '60's in fact when the left began politicising and thus hollowing out the educational system at all levels. We have created in a dependency society with no ambition or drive crushed my mediocre at best leadership.
AI by the way has barely touched industry anywhere to any great extent. My son works in AI and is currently in one of the major German manufacturing companies - they don't have a clue about it! Just wait until it really gets deployed.
Yes, GDP is going up, but GDP per capita has been in negative territory for the last 3 years.
Six million more arrivals by 2032.
Yes, that was the recovery from covid, hampered by brexit. Johnson and Patel liberalised the immigration system phenomenally in order to counter the overall GDP loss due to brexit.
@@stephfoxwell4620 Yep, the anchor chain that just gets longer
We have had this problem all my life, Professor, which pretty much means all your life. I worked in industry in London in the seventies, and back then the calibre of employees in London was way below those in the rest of the country. Such was the demand for labour, that as an employer, it was difficult to compete.
The public sector makes our private sector look like a powerhouse of productivity
Hardly surprising with the obscene salaries they pay themselves.
@@fanfeck2844 starve resources get lower productivity.
Not that im good at spelling or grammar, but I'd argue most the labour party couldn't spell productivity, never mind producing it
That applies to almost any political party, they are all rubbish….
You're not very good at understanding politics either!
@@brianferguson7840
Thanks for the input 👍
British productivity declined as the wages did, you pay peanuts, you wont get Brits willing to work for them. So they imported people willing to, rather than pay us fairly for giving up our time for their profit.
Interest rates are a problem and they will probably get worse because Labour are going to run out of money. The UK is broke. Spending needs to be cut at least 30%, time limits need to be introduced on claiming welfare. Many thousand of Civil Servant's need sacking. Public staff pensions need to be the same as the rest of us, why should we pay tax for their pensions which are much better than ours. 50% MPs need to be sacked and at least 50% of the House of Lords. All Foreign Aid needs to stop. Then cut taxes for business and encourage real inward investment which will never happen with high taxes. We will then start to get some real growth. The average Brit is over 40% poorer than the average American, the system over the last 30 years has failed, time for big changes....
A big problem is that a huge number of companies have realised that they can increase profits without incurring the costs of investment. This makes their company look extremely efficient and profitable but has absolutely no impact on productivity, so only benefits the executives and shareholders.
Previously, increasesd profitability relied on investment and improving productivity, but no longer.
Companies now use a range of tactics like tax dodges and creative accounting, but the main thing they're doing is selling "services" instead of products. Have you noticed how you are pushed to rent things instead of buying them? Things you used to buy are now sold on subscription services instead. It's happening everywhere. This makes companies vastly more money than selling them as one off purchases because you're tied in to paying them year after year for their products, yet they don't have to sell any more stuff to realise that extra income, hence they get more profits (and bonuses) without improving productivity of the company.
It's another scam which enriches the top 1% and leaves everyone else behind!
You might not frequent Wetherspoons but a great example they set. Pubs opening and thriving, buildings saved and restored , excellent prices and perfectly acceptable food. Also providing employment.
Education, health and public transport are all factors of productivity. Conservative Austerity inevitably led to reduced productivity.
The subject of productivity in the workplaces of the UK and other countries like the United States and Australia since the mid eighties (at least).
It became clear that Japan, in particular, at that time, was outperforming us.
I recall there were strategies like 'award restructuring' where people were paid more for skills identified as having more value, therefore motivating workers to be more versatile. Then there were things like 'structural efficiency' where the organisational structures were 'flattened out' to remove unnecessary supervision.
Then, there were 'competitive frameworks' where productivity gains or cost reductions were achieved, and bonuses were given to successful work groups.
There was also a focus on establishing 'tri-partisan' working relationships between the worker, management, and unions.
I'm not sure what degree of success was achieved over the long term, but as we know, there will be very little common ground between the common man and the bourgeois elite, capitalist pigs, eh?
Very accurate, I have lived and worked through all those fads. British management fell for all that snake oil rather than putting in the hard yards.
It was the era of the rise of the management consultant who was the elder brother of the double glazing salesman. They swapped notes and tactics. Everyone needed double glazing and management consultancy. They developed their own language.
Productivity is difficult to measure in a service economy.
Improvements in productivity are so much harder in service-based economies. I agree with all your views on education. I do hope you will give your support to 3 track schools, which join all the dots you regularly promote.
1) It’s in manufacturing where productivity gains are most tangible and predictable. You invest in new equipment, and you make more (and hopefully better) widgets per hour. Services are rarely as simple as that. A hairdressing salon probably won’t increase the number of heads of hair cut, dried, styled etc per hour, and customers may actually prefer a slow service.
2) Our manufacturing sector has shrunk significantly since the 1970s. We have the lowest uptake of industrial robots in the OECD.
3) Our largest firms now skew heavily towards retail; to firms such as Tesco, Sainsbury, Vodafone. There is some scope for automation of warehouses, automated checkouts etc. But the only real way to grow the profits of these retail firms is to grow the UK population via immigration. And that has other costs.
I've been doing a similar thing to yourself. The trick is to listen to those who make progress, hence why I caught an interview with the founder of Deepseek. Two points came out of it. Firstly the staff were quite diverse. They pulled in talent from many fields, e.g. people in business management and the like, to create their intelligent machine. So point number one is use diverse talent.
The second thing they made a big deal about was that the team was selected for their ambition. Rather than going around saying who wants a well paid job, the recruitment was more along those lines of looking for people with great ambition to change things. The second point was very Maoist. I think of them as Mao's children, i.e. those who like revolution. You can imagine Mao in the early days saying, hey, fancy being a revolutionary. Fed up with the drab status quo. Fancy taking a chance. In Britain the recruitment is more about who is the most normal.
Systems theory will ‘ fix’ this. Trouble is ‘ most people’ cannot fathom it.🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
In pre-school, before primary school, we had chickens, goldfish and a hamster. The hamster was often asleep but he had bursts of activity and ran furiously in his exercise wheel. No matter how hard he ran, he never seemed to get anywhere. The nun who was interested in science and gardening lubricated the wheel and replaced it with a more high-tec version. The hamster continued to run, but he never got anywhere. His productivity would not grow. As an adult, in the world of work, I recognised that most daily work is repetitive and will never change because the bosses do not believe that their skills are outdated. New tools are used to replicate the role of the old hamster wheel. Productivity and Growth just do not happen if management don't want to change anything because 'we have always done it this way'. Complacency breeds inertia while change embraces risk. We should stop the duplication of effort and even ask if some jobs are necessary at all. Cutting waste will free up resources to tackle real problems. Otherwise, we are all just hamsters in the wheel and growth will never happen.😅
That is a wonderful analogy 👏 I am going to steal that and keep it in mind for future "discussions"
Britain seems to have a culture of looking down on the nitty gritty of industrial production. When Japanese companies have taken over the management of British companies they have generally become much more productive with greatly improved quality.
Lack of education , lack of training , lack of apprenticeships, lack of careers advice . No doubt these are fast moving /changing areas but we have made little attempt to keep up. People can be helped and encouraged into better jobs if they can see light at the end of the tunnel . At the moment that light is rather dim. We have not sought immigrants with the skills , education and training needed either.We had an influx from Europe many of whom returned and now we take anybody walking up the beach out of a dingy. I realise we’re an aging population which needs supplementing but this is no way to do it . That mixed with 14 years of economy shrinking Tory austerity and lack of growth , Brexit, and Covid have made it a nightmare for business especially MSEs. Now we face a tide of tech advances that we haven’t prepared for or invested in sufficiently. Little wonder that productivity is not where it should be. We now have a government of simpletons who are simultaneously killing growth whilst claiming to create it. Things go from bad to worse.
If you bring 100,000 engineers, scientists and entrepreneurs into the country you increase productivity, if you bring in millions pf people who can hardly read and write you reduce productivity. Simple as that, it's just plain and simple common sense, something we are lacking in the UK big time.
If there was meaningful work for 100.000 people, the job centers wouldn't be so full.
They would be optimistic if they have something to sell
We don’t have productivity because we barely produce anything this country is a service sector
also forgot the shut down of industries across the uk at hands of wilson and thatcher because was cheaper to buy from abroad that we have never recovered from.
Way before 2008, when Britain was is a much better place economically, British workers were working longer hours to attain the same level of productivity as most of our European counterparts. It's probably simplistic to say that Europeans were working harder when they were at work, but even back in then there were issues.
Its possible that they were better managed, we seem to use academics to mange things here rather than people with experience
It's ironic, but meritocracy doesn't breed opportunity anymore, but instead totalitarianism where chances of getting ahead are scuppered by those with great financial and influential power. We need to wake up to this.
In my opinion the culprit is too much government bloat, that’s the hindrance to society, we need to free up the individual.
Productively depends on investment in new equipment and training. Businesses don't do either
You can look on the bright side 👍 while Trumping out dispaire. 😼😹 It's called multi tasking. 👍☮️ Professional politicians and populist politics media have created enough tools 😼😹☮️
Blimey that productivity figure for London seems inverse to it immigrant rate, I wonder why.
Blair ruined productivity by making someone better off for working part time than doing the same job full time. And then offering this benefit to anyone who came to this country.
Under the Blair/Brown government.
Longest period of sustained low inflation since the 1960s.
Introduction of the national minimum wage.
Increased police numbers by 14,000
Cut overall crime by 32%.
Record levels of literacy and numeracy not reached since.
Doubled funding for every pupil in England.
Wrote off 100% of debt owed by poorest countries.
Increased NHS staff by 85,000 more nurses and 32,000 more doctors.
Devolved power to Scottish Parliament and Welsh assembly.
Introduced statutary paternity leave of two weeks.
Record number of students in higher education.
In Labour's last year of government, gave 828 million pounds of gift aid to charities (this exceeds the total amount given by the Conservatives in their entire period in office)
Raised child benefit by 26%.
Delivered 2,200 'Sure Start' children's centers.
Introduced the Equality and Human Rights Commission.
Pensioner's winter fuel payments of £200 or £300.
The only European government on course to achieve Kyoto targets (at that time).
26,000 new teachers .
All full time workers given the right to 24 days payed holiday.
A million pensioners and 600,000 children lifted out of relative poverty.
Introduced child tax credits.
Introduced civil partnerships.
Over 1 million social housing homes brought up to standard.
Inpatient waiting lists down by over 500,000 since 1997 (NHS waiting lists have never dropped under Conservative administration
Provided the cleanest rivers, beaches, drinking water and air since before the industrial revolution.
Free TV licences for the over 75s.
Banned Fox hunting, Fur farming and cosmetic testing on animals.
Free on demand breast screening for women 50 - 60
Free bus travel for the over 60s.
Labour's New Deal helped nearly 1.8 million people into work.
Free Eye tests for the over 60s.
Number of apprenticeships more than doubled.
Free entry to national museums and galleries.
Overseas aid budget doubled.
Heart disease deaths down by 150,000. And cancer deaths by 50,000.
Long term youth unemployment cut by 75%.
London is an easy solve, just move the Thames barrier slightly to the west of Hampton Court… Of course, it’s a productivity drag it’s expensive and it’s a Den of snakes……
Why produce more when we cant sell it?
The BOE wants more austerity.
Try and lure Mark Carney back, at least he had a clue.
Do we really want or need more WEF in our midst?
@@tinfoilhat-s7s Thatcher-Major 1.8% growth PA. Blair-Brown 2,8%. Cameron-May-Johnson-Truss-Sunak, Minus 0.24% PA.
I don't care about the party. I care about the money in my pocket.
The 10s of billions spent on obesity still seems to be unmentionable. We can all just pop to Tesco and buy junk, and get a takeaway on the way home. We are struggling, in part, because we are fat
Yeah, government obesity being the biggest factor in unproductive waste.
@tinfoilhat-s7s if you are sick because of obesity and don't go to work, it's a productivity issue.
Many people struggle to find an affordable home and getting to work is hard and that surely affects productivity of the population overall. Is it no surprise London with its huge increase in population has the worst productivity improvement?
Too many employers try to boost productivity by firing people and outsourcing their jobs overseas. After all replacing a £50k job with a 5k one is very attractive. However employing ten outsourced workers does not mean you get ten times useful work. Just like getting nine women pregnant does not produce a baby in one month, and not nearly as much fun trying.
So the argument is that the most productive part of the UK is the problem? London and the South East are still by far the most productive regions (London's 26% over the average, the Midlands are about 14% under). They are also the regions most negatively affected by brexit.
If we actually aim to reduce the north-south divide within England, we should applaud this new data, even though it represents a levelling-down more than a levelling-up.
Yeah but I thinks it a bit like if the horse slows the cart is likely to slow as well soon
I would argue that we are too dependent on a sector that is exposed to global volatility. Again, the curse of GDP deludes us. Our financial services sector is too big, and it doesn't do capital investment any more. All it does is speculate. We need to rediversify our economy and incentive capital investment instead of unproductive speculation that doesn't create jobs.
The UK is broke. Spending needs to be cut at least 30%, time limits need to be introduced on claiming welfare. Many thousand of Civil Servant's need sacking. Public staff pensions need to be the same as the rest of us, why should we pay tax for their pensions which are much better than ours. 50% MPs need to be sacked and at least 50% of the House of Lords. All Foreign Aid needs to stop. Then cut taxes for business and encourage real inward investment which will never happen with high taxes. We will then start to get some real growth. The average Brit is over 40% poorer than the average American, the system over the last 30 years has failed, time for big changes....
@@garyb455 what drivel
Someone please answer me this. How much of our economic activity/value is siphoned off into US corporations and does it influence that GDP measure?
Economc productivity is a measure of input to output and therefore of investment (capital and labour) to value added. Nothing else. For example, the US has had a 30% productivity boon since Covid. Investment is the reason. UK productivity weakness is due to low investment and Brexit. The ONS stats also evince uncertainty on labour measures and other stastistical variations which have shown up in the stats.
Under which party was the curve growing?
I think the rich only care about AI because they want to replace paid workers with an AI that only has to be paid for once. Except it's not real AI, it's just algorithms and is only as smart as the person programming it who will not actually understand what's involved in the job they are programming it for.
Interesting that productivity declined from 2008 when wages started to be frozen because 'there wasn't enough money and we have to tighten our belts' yet the cost of living kept going up meaning we were all taking effective wage cuts while the rich somehow kept getting richer. Also include there that we had 14 years of unnecessary austerity cutting essentially services making it harder for workers to balance work and home life, NHS funding being cut in real terms as it didn't keep up with inflation meaning workers go from having minor treatable ailments to serious illnesses that knock them out of the workforce due to delays in being seen.
Moral for workers is constantly hit by obvious fleecing as I've heard numerous times companies posting record profits and congratulating the workforce on getting them there then in literally the next sentence telling them there's not enough money for raises or bonuses this year again before they leave in their 5th new car that year.
All rubbish Prof. I am a very experienced Manufacturing Manager from a Japanese manufacturing background. Everything our politicians and academics thoughts on "productivity" in this country is complete balderdash - the thoughts of people who don't understand anything about efficiency, productivity or LEAN.
I despair at this country's inability to understand Manufacturing.
Way too long winded to educate in a comment, maybe we should meet one day and I could help enlighten especially where our politicians really don't know what they are talking about or doing!
The Toyota 7 wastes for example. Most people -‘yeah whatever’
@@Mindsi I have heard that voiced myself - the ignorant can be annoying
Tim productivity in the UK will never increase until the UK accept tech and A.I. also mass unemployment, people are inefficient, would you be willing to give up any social life, family time, holidays basically work 20+ hours per day 7 days per week, i guess not, computers run 24/7, robots run 24/7, A.I. works 24/7. automation runs 24/7 this is how the world is now but the increased profits raised by tech are wasted on paying benefits to unneeded people including pensioners who are of no use what soever to the country but for some strange reason the UK wants as many as possible, the few jobs that at present are not done by automation will be needed by the increasing number of BRITISH unemployed.
Just wait until all of the AI and automation really kicks in and we are stuck with immigrants we didn't need in the first place, particularly the illegal ones
Right behind you proffessor, but 650 mps with NO commonsense in front
You need to drag yourself away from the daily msm rags if you want proper information
Does that include next generation gene sequencing and whole genome sequencing? Trouble is that most ‘ modern’ stuff that actually pays is somewhat conceptually advanced beyond the ‘ average’ person. For example, let’s start a company that is involved in cell and gene therapy. What!!!!
You are clearly obsessed with Brexit but like all simplistic theories there's a lot more to Britain's problems than that most significantly the incompetence of politicians over many years.