If anything, we need more robots, the report argues (Source: Getty) Labour’s plans to impose a "robot tax" would impede productivity growth, depress wage growth and cause a brain drain from the country, a new report claims.
Think tank the Centre for Policy Studies argues that a tax as mooted by Jeremy Corbyn at last month’s Labour conference would dissuade businesses from developing new technologies, but claims that "if anything, the UK’s problem is too few robots, not too many".
The report notes that in the UK there are only 71 robots for every 10,000 employees in manufacturing, compared with more […]
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