Events

Growing more productive - what can be done to solve the UK's productivity puzzle?

Automation and AI have been hailed as technological solutions that could deliver step-changes in UK productivity, but how are these disrupting technologies really playing out in the UK economy? It is important to understand better the geography and scope of how new technologies are impacting labour markets, and what the fiscal and labour law environment does to support growth.

Acting as background briefs to this session are two major new studies.

The first, from Cambridge Professor of Law, Simon Deakin, has analysed how changes to labour laws across the world from 1970 to the present day have interacted with economic indicators. Do stronger protections for workers harm growth, or help them to become more productive?

The second, released as part of IFOW's Pissarides Review - funded by the Nuffield Foundation - is the UK's first 'Disruption Index', an innovative analytical tool that offers a nuanced perspective on the multifaceted nature of technological transformation across the regions of the country. If we are to tailor intelligent responses to the changes precipitated by the complex interplay between technology adoption and work – whether through regulation, policy or investment, or otherwise – we ideally need a measure of the scale of these changes, and their geographic distribution. This is what the DI seeks to do.

Co-chairs Lord Jim Knight and Matt Warman MP will be joined by an expert panel, including:

  • Anna Leach, Deputy Chief Economist at the CBI
  • Professor Simon Deakin, Professor of Law at Cambridge University
  • Professor Philip McCann, Chair of Urban and Regional Economics at Alliance Manchester Business School

Date

April 17, 2024 16:00

to

17:30

Location

House of Lords Committee Room 1, Houses of Parliament

Register

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