Robotic arms work on the bodyshells of Mini cars as they pass along a section of automated production line at the BMW Mini car production plant in Oxford Credit: Geoff Caddick/AFP A Bank of England economist described British automation as "pretty rubbish" in a speech explaining patterns in the labour market.
Will Abel, who works on the labour markets, housing and consumption team, said the UK’s "below average" use of robotics is leading to a higher proportion of GDP going to the labour force. This measure is also known as the "labour share".
"One reason why we might not have seen […]
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