As Andy Haldane (ex BoE/now Royal Society) points out in FT today, one important aspect of the UK's #productivity problem is firms (un)willingness to train staff.
UK firms spend on average half what EU firms spend, preferring to hire in #workers with skills; this leads to a collective action problem, its cheaper for a single firm to do this but when most/all firms do, training is under-provided... which is where we are.
yet more short-term managerialism... time for better state intervention(s)
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-02-10 10:02:48
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2024-02-10 10:02:48Event JSON
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