The UK's investment problem is well known (Y-axis). What surprised me was the X-axis. We complain about the "nanny state", but when global energy or food prices rise, the conversation quickly shifts to what the government should do. #dataisbeautiful
I've been doing some novel research on the UK's under-investment problem and came across this. I've been saying we have had the problem for 'decades', but the timeline here (1960-1992) indicates just how long low investment has been an issue! #dataisbeautiful
Really enjoyed contributing to this excellent article on UK #productivity!
Some potentially good news on UK #productivity turning a corner. However, re-basing the data and looking at the longer term illustrates how tentative this is. #dataisbeautiful
Demand for AI skills is rising rapidly. But so too is demand for business analysis, process optimisation, people management and leadership.
Judgement, relationships, and trust are the human traits with a premium in an AI-driven world.
teraallas.substack.com/p/ai-and-ski...
#dataisbeautiful
New UK job-ad data suggests AI exposure is not affecting all jobs equally. AI seems to be displacing routine office and service work—not graduate occupations. So far, this looks like an acceleration of a much older labour-market trend. #dataisbeautiful
open.substack.com/pub/teraalla...
Enjoyed contributing to this balanced piece by Sam Fleming, Valentina Romei and Philip Stafford in the FT (link below). We might be entering another cycle of differential inflation for households. Latest ONS data on this published today (see chart).
giftarticle.ft.com/giftarticle/...
It was great to contribute to this article on UK #productivity by Ben Zaranko, alongside Gregory Thwaites, Peter Dixon and others. The retail and wholesale story is consistent with capital deepening; does not apply to all other sectors... observer.co.uk/news/busines...
New UK job-ad data suggests the labour market for young graduates is weakening significantly. But the story is more complicated than “AI is replacing graduates”.
#dataisbeautiful
open.substack.com/pub/teraalla...
In Finland, @teraallas.bsky.social tells me that it’s common to see unmanned petrol stations and automated pizza vending machines – that’s what proper capital deepening in response to high labour costs looks like.
