Level of automation in the UK ‘pretty rubbish’, says Bank of England economist

Level of automation in the UK 'pretty rubbish', says Bank of England economist

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 […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.