Skills gap deepens
as weak productivity looks set to threaten UK economic growth.
Not exact matches
--
Weak investment: Both public and private investment has been subpar in recent years, with the latter feeding back negatively into
productivity growth,
as Larry Mishel shows — quite dramatically — here.
These include the economy's lack of diversification away from the non-oil sector and high operating costs
as a result of bureaucracy and a lack of competition,
as well
as low
productivity due to relatively
weak infrastructure and poor human capital development.
Since
weak investment has been identified
as a potential drag on
productivity growth since the global financial crisis, this shift in incentives could have strong and long - lived benefits.»
Let me point to 10 things that I sketched out this morning: too much money spent on administration and bureaucracy and not enough on front - line patient care; too little patient - centric information to inform decision making; too little innovation; too little clinical input into decision making; too much inertia and hostility to reform,
as we have seen today; too much process - driven target culture distorting clinical decision making; falling
productivity; poor outcomes across a range of clinical indicators; too often,
weak commissioning of servicing; and widening health inequalities in the past 10 years, in addition to the scandals that occurred in Staffordshire and Kent.
He attributed prolonged
weak productivity and the low labor participation rate
as the primary reasons why the current economic expansion is the slowest since World War II.