Economics

In the News

Automation and the UK Labour Market

17th October 2017

This article looks at the macroeconomic effects of automation in the labour market, with the Future Advocacy arguing that 20% of UK jobs will be under threat, and that figure rising to 40% in some places.

Of course, there's a net effect, because labour and capital are complementary as well as substitutes.

Will a post-Brexit economy see workers swapped for robots? https://t.co/oTxdfJKhos
— Sky News (@SkyNews) January 15, 2018

Automation will affect between 20-40% of jobs across the UK, major variance by constituency
- @FutureAdvocacy https://t.co/Sg3RCEf9WA #AI
— Rob McCargow (@RobMcCargow) October 16, 2017

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.