An online version of a major British newspaper features an editorial about the need to improve British productivity. The paper notes that workers in the United States, Germany, and France are twenty per cent more productive than their UK counterparts. The paper blamed a recession in 2008 for poor productivity, but states that as the economy is now fairly robust, productivity should have improved. The paper blames low interest rates, as well as companies not investing enough, for this problem. It calls upon the government to help out.
- Britian’s economy has been badly damaged due to the financial crisis in the world that has recently arisen
- Productivity has steadily been going down because most new jobs offer low wages
- A way to combat this dilemma is for companies to have better investment in their workers rather than viewing them as cheap labor that are dispensable
“International comparisons show that the US, Germany and France are at least 20% more productive than the UK”