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Why is UK output per hour so low?
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Why is tangible product better than intangible product?
We seem to be saying that a five quid haircut is less valuable than a five pound razor for the economy.
People fetishise industrial production over services but it really is a silly divide really. It's rather like saying that food production is better than making iPhones because only the former is necessary.
It's a good example and illustrates why it is hard to increase productivity in certain service sectors of the economy.
Do people want their hairdresser to cut hair faster (almost certainly not), equally you won't find an old person getting help in their home wishing that their carer would hurry up and get to the next person.0 -
It's a good example and illustrates why it is hard to increase productivity in certain service sectors of the economy.
Do people want their hairdresser to cut hair faster (almost certainly not), equally you won't find an old person getting help in their home wishing that their carer would hurry up and get to the next person.
Right but a really good automated booking system that sends an SMS to clients the day before the appointment might increase the productivity of a hairdresser as (s)he spends less time hanging around for missed appointments.
Similarly, a demand anticipation system that prices haircuts on the basis of the amount of demand at different times of the week might mean that a hairdresser can spend more time cutting hair and less hanging around getting bored.
Better dyes etc (I'm getting out of my depth with the specifics!) could mean that a hairdresser can add more value in less time.
If you compare a hairdressers today with one 115 years ago I suspect that the added productivity would be very clear.0 -
When it comes to productivity are we being ambitious enough?
Who really cares if the car washer is 10% more efficient, or the hair dresser plans her workload a bit more efficiently.
Right now, there is a hotbed of medical related research, mostly in California, aimed at revolutionising medical practise.
Ambition means having monitoring systems implanted which tell us about potential problems before they arise. Diagnostic logging which removes the need for clinicians to do a battery of tests when someone is admitted. At some point we may even get self repair systems.
Google and Amazon are already looking at self drive taxis or delivery drones.
To achieve real productivity gain we need to be much more ambitious.0 -
When it comes to productivity are we being ambitious enough?
Who really cares if the car washer is 10% more efficient, or the hair dresser plans her workload a bit more efficiently.
Right now, there is a hotbed of medical related research, mostly in California, aimed at revolutionising medical practise.
Ambition means having monitoring systems implanted which tell us about potential problems before they arise. Diagnostic logging which removes the need for clinicians to do a battery of tests when someone is admitted. At some point we may even get self repair systems.
Google and Amazon are already looking at self drive taxis or delivery drones.
To achieve real productivity gain we need to be much more ambitious.
isnt a choice between one or the other
however there have been clear times when productivity has boomed very rapidly and times when it has hardly moved
eg urbanisation, electricity, electric motor had big quick productivity improvements
the next lot are the semi AI techs. the self drive tech being a huge one0 -
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I imagine the car washer and the hair dresser care somewhat.
I imagine the town crier cared about their job. Or the press setter at the printworks. More recently, the welders at the car plant.
Technology moves on and replaces these roles. Harsh? Probably.
I am biased though. At my university we thought robotics had a big role to play in UK industrial output. So far we have been pretty wrong on that one.0 -
isnt a choice between one or the other
however there have been clear times when productivity has boomed very rapidly and times when it has hardly moved
eg urbanisation, electricity, electric motor had big quick productivity improvements
the next lot are the semi AI techs. the self drive tech being a huge one
First you get a technology enabler, such as the internet concept.
This then creates the drivers for a whole series of innovations.
I think the next generation will see some big changes; it's a question as to who profits from them. My money is on American firms. They are the ones showing global ambition.0 -
We do? How so..?no that's an incorrect conclusion
we know the contribution of the non manufacturing sector to GDP alreadyFeudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0 -
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