The document examines how the UK's industrial strategy can help spread gains in living standards. It finds that while advanced industries like creative/digital sectors are clustered in the Southeast where pay is higher, they have created jobs in other parts of the economy. Specifically, for every 10 new jobs in advanced industries, 6 new service sector jobs are created. However, these new jobs have lowered earnings for workers with below-average education by £85. The impact also differs by area. While Cambridge saw additional local service jobs, Oxford saw almost none. So an industrial strategy needs policies by leaders like Metro Mayors to maximize job creation in other sectors, as well as support lower-paying but high-employment industries.
The Inclusive Digital Revolution. Equitable growth and wealth creation for all. A new way of thinking often starts a new way for economies, societies and individuals to prosper. A must read for all.
Glasgow City Region - Enhancing ProductivityMartin Jack
Executive Summary
From the waterfront in Greenock to the farmlands of Lanarkshire, Glasgow City Region is the largest
metropolitan area in Scotland. Whilst there is still much to do, the Region is beginning to blossom as
it transforms from its industrial past. In doing so, it is benefitting from taking a regional approach to
addressing its challenges and taking advantage of economic opportunities.
Glasgow City Region is:
• Key to the success of the Scottish Economy – it provides 34% of the country’s jobs.
• Growing – it is expected to add another 30,000 jobs from 2017 to 2021. The largest growth rates are seen in the ICT, Engineering, Tourism, and Legal industries.
• Providing Quality Jobs – recent analysis by the Office of National Statistics shows that the region has the second highest proportion of ‘residents in quality work’, just behind the West of England Combined Authority.
• Increasingly Competitive – its productivity levels have grown by 30% in the last decade. It is currently projected to have higher productivity levels than other post -industrial regions in the UK such as Manchester, Liverpool, Cardiff and West Yorkshire in the next few years.
• Prosperous – the Region’s residents have the highest weekly income amongst the
• UK’s Core Cities.
• Educated – it has the 2nd highest rate of residents (16-64) educated to degree level amongst Core City Regions.
Aim Higher Westminster University ppt 100511dmhDeirdre Hughes
A new all-age careers service in England. Presentation, delivered by Dr Deirdre Hughes, to Aim Higher colleagues at Westminster University, London - May 2011
The Inclusive Digital Revolution. Equitable growth and wealth creation for all. A new way of thinking often starts a new way for economies, societies and individuals to prosper. A must read for all.
Glasgow City Region - Enhancing ProductivityMartin Jack
Executive Summary
From the waterfront in Greenock to the farmlands of Lanarkshire, Glasgow City Region is the largest
metropolitan area in Scotland. Whilst there is still much to do, the Region is beginning to blossom as
it transforms from its industrial past. In doing so, it is benefitting from taking a regional approach to
addressing its challenges and taking advantage of economic opportunities.
Glasgow City Region is:
• Key to the success of the Scottish Economy – it provides 34% of the country’s jobs.
• Growing – it is expected to add another 30,000 jobs from 2017 to 2021. The largest growth rates are seen in the ICT, Engineering, Tourism, and Legal industries.
• Providing Quality Jobs – recent analysis by the Office of National Statistics shows that the region has the second highest proportion of ‘residents in quality work’, just behind the West of England Combined Authority.
• Increasingly Competitive – its productivity levels have grown by 30% in the last decade. It is currently projected to have higher productivity levels than other post -industrial regions in the UK such as Manchester, Liverpool, Cardiff and West Yorkshire in the next few years.
• Prosperous – the Region’s residents have the highest weekly income amongst the
• UK’s Core Cities.
• Educated – it has the 2nd highest rate of residents (16-64) educated to degree level amongst Core City Regions.
Aim Higher Westminster University ppt 100511dmhDeirdre Hughes
A new all-age careers service in England. Presentation, delivered by Dr Deirdre Hughes, to Aim Higher colleagues at Westminster University, London - May 2011
Short-term economic effects of the Covid-19 outbreak. First insights on OECD ...OECD CFE
Presentation by Paolo Veneri, Head of Regional Analysis and Statistics UnitCFE, OECD at the 8th Spatial Productivity Lab meeting of the OECE Trento Centre, held in virtual format on 7 May 2020.
More info: https://oe.cd/SPL
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
OECD Digital Economy Outlook 2017: Presentation at Global Parliamentary Netwo...innovationoecd
The Digital Economy Outlook 2017 shows how Internet infrastructure and usage varies across countries and firms in the OECD area. It looks at policy implications of the digital transformation as well as a wide array of trends. Report available at http://oe.cd/deo2017
The UK in 2030 - An expert informed view on some key trendsFuture Agenda
At a time when there is much speculation on what the next twelve months may bring, some are also looking ahead to prepare for the longer term. What will the UK be like in 2030 when the nation is post-Covid, post-Brexit and post-Johnson? Now that vaccines are being rolled out and the initial outline hard Brexit deal has been done, how will the UK fair over the decade – economically, socially and demographically? What changes are already locked-in and what is open to future variation? Based on numerous discussions with a wide range of experts across the UK in late 2020, this document explores some of the key potential trends for the next decade and highlights where the UK may be heading.
Having a well-defined future view is never easy – particularly in times of uncertainty. However, if we can differentiate between the certain, the probable and the possible we can build a clearer picture of the future which may help to challenge assumptions. Since 2010, Future Agenda has been using open foresight to explore decade-long trends with a high degree of accuracy. The World in 2020, written in 2010 for example, accurately anticipated a range of developments such as a global pandemic, the challenges around data privacy, the scaling up of electric and autonomous vehicles, the widespread use of drones and the building impact of solar energy. All of these were anticipated through extensive expert dialogue across multiple disciplines to curate an integrated, informed perspectives which can be accessed by everyone.
We used a similar approach to explore the pivotal shifts ahead for the UK. Following multiple expert discussions including academics, regional and central government, social and business leaders, as well as the military, this document summarises eight areas of alignment about UK 2030 but also highlights three fields where there is substantial difference of opinion.
Our conversations identified eight core areas where we can have confidence that changes will take place. These trends are:
1. A Changing Demographic Mix
2. Accelerating to Zero Carbon
3. Improved Digital Connectivity
4. Declining Economic Influence
5. More Devolved Power
6. Rising Inequality
7. Emphasis on the Local
8. UK Leadership
Regional trends in labour demand across regions. Preliminary insights from on...OECD CFE
Presentation by Alexandra Tasvetkova, Economist and Policy Analyst, OECD Trento Centre at the 8th Spatial Productivity Lab meeting of the OECE Trento Centre, held in virtual format on 7 May 2020.
More info: https://oe.cd/SPL
2012 Workforce Development Report for Energy Sector Jobs in Greater Pittsburg...Dana Jarvis
The Community College of Allegheny County (CCAC) Veteran Services examined this Workforce Development Report to discover energy sector career opportunities for student veterans.
The growing role of the digital economy in daily life has heightened demand for new data and measurement tools. “Measuring the Digital Economy: A New Perspective” provides an internationally comparable and timely snap-shot of the state of the Digital Economy covering key parameters including the build-out of the infrastructure, uptake and usage across different segments of the population, the importance of information and communication technologies as drivers of innovation and as a transformational force on jobs and skills. It is clear from this stocktaking that a number or critical thresholds have been crossed and the Digital Economy is now the economy. The pace of change described by the report underscores that the ICT revolution is far from being over, and policy makers need to be attentive to its impact on the economy and society. Given the complexity of the changes, the report identifies a number of gaps in the measurement framework and proposes actions to advance the measurement agenda.
G20 “Digital Economy” Task Force Meeting - Andrew Wyckoffinnovationoecd
The OECD Background Report: “Key Issues for the Digital Transformation in the G20”. G20 “Digital Economy”
Task Force Meeting, 13 January 2017, Berlin, Germany
The third programme has taken place during 2020, engaging more experts on the pivotal shifts via virtual workshops and wider community debate.Here are ten issues that will provide future challenge and opportunity.
E7 Not G7
As global GDP rises, the seven largest emerging economies (E7) have increasing economic power. The relative influence of the old G7 Western powers declines.
Data Sovereignty
Large-population emerging economies see the protection of their data as a national priority. Wider data sharing is restricted to within national borders.
The Race to Net Zero
Cities, countries and companies compete to set the standards for the planet.Fully reducing emissions is central for energy, health and economic targets.
Electric Aviation
As the pressure to decarbonise aviation builds and technology challenges are addressed, using electric planes for short / medium-haul flights gathers support.
The Stakeholder Society
The shift from maximising shareholder value to a stakeholder focus accelerates. Organisations’ purpose, action and performance measurement realign.
Migrating Diseases
Health systems struggle to address the impact of climate change. The increased spread of ‘old’ vector-borne diseases challenge nations for whom they are ‘new’.
Peak Soil
After water and air quality, attention shifts to soil. It impacts everything from food and health to conflict and migration. Action follows deeper understanding.
True Personalisation
Ubiquitous facial recognition and digital identity combine with wider AI adoption to enable the creation and delivery of truly individualised experiences.
Resilience by Design
Global supply chains evolve to be more flexible, shared regional supply webs. Competitors access shared, not proprietary, networks and systems.
Proof of Immunity
Public concerns about health security override worries about privacy. Governments integrate immunity and health data with national identities.
More details on www.futureagenda.org
Short-term economic effects of the Covid-19 outbreak. First insights on OECD ...OECD CFE
Presentation by Paolo Veneri, Head of Regional Analysis and Statistics UnitCFE, OECD at the 8th Spatial Productivity Lab meeting of the OECE Trento Centre, held in virtual format on 7 May 2020.
More info: https://oe.cd/SPL
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
OECD Digital Economy Outlook 2017: Presentation at Global Parliamentary Netwo...innovationoecd
The Digital Economy Outlook 2017 shows how Internet infrastructure and usage varies across countries and firms in the OECD area. It looks at policy implications of the digital transformation as well as a wide array of trends. Report available at http://oe.cd/deo2017
The UK in 2030 - An expert informed view on some key trendsFuture Agenda
At a time when there is much speculation on what the next twelve months may bring, some are also looking ahead to prepare for the longer term. What will the UK be like in 2030 when the nation is post-Covid, post-Brexit and post-Johnson? Now that vaccines are being rolled out and the initial outline hard Brexit deal has been done, how will the UK fair over the decade – economically, socially and demographically? What changes are already locked-in and what is open to future variation? Based on numerous discussions with a wide range of experts across the UK in late 2020, this document explores some of the key potential trends for the next decade and highlights where the UK may be heading.
Having a well-defined future view is never easy – particularly in times of uncertainty. However, if we can differentiate between the certain, the probable and the possible we can build a clearer picture of the future which may help to challenge assumptions. Since 2010, Future Agenda has been using open foresight to explore decade-long trends with a high degree of accuracy. The World in 2020, written in 2010 for example, accurately anticipated a range of developments such as a global pandemic, the challenges around data privacy, the scaling up of electric and autonomous vehicles, the widespread use of drones and the building impact of solar energy. All of these were anticipated through extensive expert dialogue across multiple disciplines to curate an integrated, informed perspectives which can be accessed by everyone.
We used a similar approach to explore the pivotal shifts ahead for the UK. Following multiple expert discussions including academics, regional and central government, social and business leaders, as well as the military, this document summarises eight areas of alignment about UK 2030 but also highlights three fields where there is substantial difference of opinion.
Our conversations identified eight core areas where we can have confidence that changes will take place. These trends are:
1. A Changing Demographic Mix
2. Accelerating to Zero Carbon
3. Improved Digital Connectivity
4. Declining Economic Influence
5. More Devolved Power
6. Rising Inequality
7. Emphasis on the Local
8. UK Leadership
Regional trends in labour demand across regions. Preliminary insights from on...OECD CFE
Presentation by Alexandra Tasvetkova, Economist and Policy Analyst, OECD Trento Centre at the 8th Spatial Productivity Lab meeting of the OECE Trento Centre, held in virtual format on 7 May 2020.
More info: https://oe.cd/SPL
2012 Workforce Development Report for Energy Sector Jobs in Greater Pittsburg...Dana Jarvis
The Community College of Allegheny County (CCAC) Veteran Services examined this Workforce Development Report to discover energy sector career opportunities for student veterans.
The growing role of the digital economy in daily life has heightened demand for new data and measurement tools. “Measuring the Digital Economy: A New Perspective” provides an internationally comparable and timely snap-shot of the state of the Digital Economy covering key parameters including the build-out of the infrastructure, uptake and usage across different segments of the population, the importance of information and communication technologies as drivers of innovation and as a transformational force on jobs and skills. It is clear from this stocktaking that a number or critical thresholds have been crossed and the Digital Economy is now the economy. The pace of change described by the report underscores that the ICT revolution is far from being over, and policy makers need to be attentive to its impact on the economy and society. Given the complexity of the changes, the report identifies a number of gaps in the measurement framework and proposes actions to advance the measurement agenda.
G20 “Digital Economy” Task Force Meeting - Andrew Wyckoffinnovationoecd
The OECD Background Report: “Key Issues for the Digital Transformation in the G20”. G20 “Digital Economy”
Task Force Meeting, 13 January 2017, Berlin, Germany
The third programme has taken place during 2020, engaging more experts on the pivotal shifts via virtual workshops and wider community debate.Here are ten issues that will provide future challenge and opportunity.
E7 Not G7
As global GDP rises, the seven largest emerging economies (E7) have increasing economic power. The relative influence of the old G7 Western powers declines.
Data Sovereignty
Large-population emerging economies see the protection of their data as a national priority. Wider data sharing is restricted to within national borders.
The Race to Net Zero
Cities, countries and companies compete to set the standards for the planet.Fully reducing emissions is central for energy, health and economic targets.
Electric Aviation
As the pressure to decarbonise aviation builds and technology challenges are addressed, using electric planes for short / medium-haul flights gathers support.
The Stakeholder Society
The shift from maximising shareholder value to a stakeholder focus accelerates. Organisations’ purpose, action and performance measurement realign.
Migrating Diseases
Health systems struggle to address the impact of climate change. The increased spread of ‘old’ vector-borne diseases challenge nations for whom they are ‘new’.
Peak Soil
After water and air quality, attention shifts to soil. It impacts everything from food and health to conflict and migration. Action follows deeper understanding.
True Personalisation
Ubiquitous facial recognition and digital identity combine with wider AI adoption to enable the creation and delivery of truly individualised experiences.
Resilience by Design
Global supply chains evolve to be more flexible, shared regional supply webs. Competitors access shared, not proprietary, networks and systems.
Proof of Immunity
Public concerns about health security override worries about privacy. Governments integrate immunity and health data with national identities.
More details on www.futureagenda.org
Future of Work and Skills by Dr Martin Rhisiart, University of South Wales - ...University Alliance
Future of Work and Skills
Presentation by Dr Martin Rhisiart, University of South Wales
at University Alliance Summit 2015, Anticipation. Disruption. Excellence.
4 June 2015
University of South Wales
Industrial Strategy Challenge Fund Next Generation Services CR&D Briefing SlidesKTN
UK Research and Innovation will invest up to £12 million in innovation projects to support the application of artificial intelligence (AI) and data technologies. Projects should aim to transform the 3 target sectors:
Accountancy
Insurance
Legal services
Find out more: https://ktn-uk.co.uk/funding/transforming-accountancy-insurance-and-legal-services-with-ai-and-data-small-projects-strand
Australia e-health, e-education, e-governmentAmbikabasa
Artificial Intelligence (AI) developments are accelerating, and astonishing innovations will emerge during the next few years as more companies enter this sector and spend money on developing it. AI applications are already being used in healthcare and gaming, to name just two sectors adopting this cutting edge technology.
Victoria, while rich in renewable energy resources and strong industry capabilities in ICT, its dependence on brown coal as an energy source has meant it has struggled in demonstrating leadership in the emerging or so called "new energy" sector. This sector strategy published in 2016, suggests that the state's appetite for change has moved in the right direction, with some of the plans e.g. setting renewable energy generation targets, already being committed to publicly. This will greatly help in bringing further investment in new energy into the state.
New energy technologies are a small but growing part of Victoria’s economy. New energy technologies include forms of renewable energy, innovations that make the state's energy system more efficient, and the products and services that increase consumers’ control over their energy needs. The new energy technologies sector
creates jobs to deliver these outcomes to the state.
New energy technologies offer potential for substantial employment growth across the state because of competitive advantages in the sector. Victoria enjoys significant advantages in areas such as information and communications technology (ICT), advanced manufacturing, and material engineering. It also has abundant world-class renewable energy resources, smart meter infrastructure, and research and technological
capabilities, so it is well-placed to capitalise on sector growth.
The Productivity Commission has just released its final report on boosting productivity in the services sector. The report shines a spotlight on the critical role that the sector plays in the New Zealand economy and includes a raft of recommendations to lift its performance. Implementing these recommendations would sharpen competition in the sector and help firms in the services sector to more effectively harness information and communications technology (ICT). The Commission believes that these recommendations can make a significant contribution to lifting the sector’s productivity, and to New Zealand’s overall economic performance.
Building pressure? Rising rents, and what to expect in the futureResolutionFoundation
The combination of high house prices and stagnating incomes over recent decades, coupled with the decline of social housing, mean that millions more of us are private renters. And they are renting for longer too. Private rents have risen swiftly in the wake of the pandemic. What happens next matters hugely for millions of families, and yet the drivers of private rental costs are poorly understood with a range of explanations being proposed for the post-pandemic surge.
To what extent has landlords selling up driven the recent rise in rental prices? Or are other factors – such as earnings growth or higher interest rates – more significant? What should we expect the future to hold for rents? And what does this mean for renters, landlords, and policymakers?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new research on what is driving recent trends in private sector rent levels, we will hear from leading experts on the short and longer-term outlook.
Game changer? Assessing the Budget’s economic, and electoral, impactResolutionFoundation
The upcoming Spring Budget may be the last big fiscal event before the General Election, one of few chances for the government to set the terms of the economic debate. And with the government trailing heavily in the polls, and the economy entering a mild recession at the end of last year, the pressure is on to make it a game-changing Budget economically and electorally. But the Chancellor will also have to confront real trade-offs if he’s deliver a Budget that works for both the next six months, and the five years after that.
How big are the Chancellor’s tax cuts? Do they change the big picture of the government’s wider tax raising plans? What is the outlook for public services after the election? Where does the government plan to take the social security system, as it copes with rising numbers of us being sick or disabled? And will any of this make any difference to who forms the next government, and what they’re able to do?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from the Resolution Foundation’s overnight analysis of Spring Budget 2024, we’ll hear from leading experts on what the Budget means for the election, and the economy.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
City limits: How the UK’s industrial strategy can share living standards gains
1. City limits: How the UK’s industrial strategy can share
living standards gains
Greg Clark MP, Secretary of State for Business, Enterprise and Industrial Strategy
Diane Coyle, Professor of Economics at the University of Manchester
DavidWilletts, Executive Chair of the Resolution Foundation
Stephen Clarke, Economic and PolicyAnalyst at the Resolution Foundation
#livingstandards @resfoundation Wifi: 2QAG_guest p: W3lc0m3!!
1
2. Build it and they will come
Do high-tech sectors raise living standards?
Stephen Clarke
July 2017
@resfoundation/@stephenlclarke
2
3. There has been consensus on the need for an industrial strategy that
supports key sectors
3
• At a national level
“Sectors such as aerospace, automotive, the life sciences, the
creative industries, digital, financial services and professional and
business services” Building our Industrial Strategy Green Paper
• At the regional level
“Key sectors where we have a comparative advantage to be
exploited and accelerated include health and life sciences,
financial and professional services, creative and digital,
education, sport, culture and heritage and advanced
manufacturing” Greater Manchester Strategy
4. The hope is that supporting these sectors will reduce regional
disparities and also spread prosperity within communities
4
“Our modern industrial strategy is designed to deliver a stronger
economy that works for everyone – where wealth and
opportunity are spread across every community”
Conservative Party Manifesto
“a credible industrial strategy can reach this untapped potential
and deliver prosperity to every corner of our country”
Labour Party Manifesto
5. The focus has been on ‘advanced industries’
5
“aerospace, automotive, the life sciences, the creative industries,
digital, financial services and professional and business services”
We focus on:
Creative industries – e.g. advertising, television, architecture
Digital technology – e.g. electronics, computer games, telecoms
High-tech sectors – e.g. aerospace, pharmaceuticals
Tradeable finance – e.g. Investment banking, fund management
6. Previously we had only limited evidence of the relationship between
advanced industries and living standards
6
Advanced industries are
clustered in the South East
7. Previously we had only limited evidence of the relationship between
advanced industries and living standards
7
Where pay is higher
8. Previously we had only limited evidence of the relationship between
advanced industries and living standards
8
And employment is higher
9. There is clearly a correlation between advanced industries and wider
growth in ‘non-tradeable’ services (bars, restaurants, hairdressers etc)
but this is not evidence of causation
9
London accounted for 75
per cent of the growth in
advanced industries
between 2009 – 2015
Cambridge, Leeds and
Aberdeen accounted for 3-4
per cent each
10. Result 1: Advanced industries create jobs in the wider economy
10
• Between 2009 and 2015, 234,000 high-tech, digital, creative
and tradeable finance jobs were created.
• On average, each additional 10 jobs in these sectors created
6 new jobs in the wider service sector economy
• Advanced industries created 20 per cent of all service sector
jobs over the period
11. Result 2:The prosperity they create is shared, particularly by those with
relatively lower levels of education
11
• For each 10 additional jobs created in advanced industries,
a further 4 service sector jobs are created for those with
relatively low education levels
• Over the period, around 60,000 additional jobs were created
for this group
• Annual earnings for workers with average levels of education
increased by £72
12. Result 3: But advanced industries do little to raise earnings for the
lowest-paid
12
• Earnings fell by £85 for workers with below-average levels of
education
• This is a result of the fact that the new jobs created, and the
people that fill them are – on average – lower paid
13. Place matters: the impact differs by area
13
Cambridge saw a further 28 jobs created in local service sectors
for every 10 jobs created in advanced industries
Manchester saw a further 48 jobs created for every 10 jobs
created in advanced industries
Oxford created almost no locally-based service sector jobs,
despite creating 5,600 jobs in advanced industries
14. A modern industrial strategy
14
• Consensus view that spreading high-tech sectors can narrow regional
inequalities and raise living standards
• Evidence that this creates jobs elsewhere in the local economy but
not guaranteed – role of policy makers like Metro Mayors key
• Impact on low earners’ pay less positive so industrial strategy needs
to also include low-pay but high-employment sectors e.g. retail &
hospitality
15. City limits: How the UK’s industrial strategy can share
living standards gains
Greg Clark MP, Secretary of State for Business, Enterprise and Industrial Strategy
Diane Coyle, Professor of Economics at the University of Manchester
DavidWilletts, Executive Chair of the Resolution Foundation
Stephen Clarke, Economic and PolicyAnalyst at the Resolution Foundation
#livingstandards @resfoundation Wifi: 2QAG_guest p: W3lc0m3!!
15
Editor's Notes
In this presentation I’m going to provide an overview of some work that Dr. Neil Lee at the London School of Economics and I did to answer the question on the slide - Do high-tech sectors raise living standards? Neil did most of the tough analysis and is here and so please direct any praise, and more importantly, any probing critiques to him.
Investigating the impact that high-tech or advanced industries have is important because support for them has formed one of the key pillars of national and regional industrial policy for a number of years now.
Underpinning the support for advanced industries is the belief that they will help spread prosperity across the country, and also spread prosperity within communities, as these sectors generate jobs in the wider economy. In particular we test the second of these two assumptions.
Now before I turn to the results of the paper its probably worth formally setting out what we mean when we refer to ‘advanced industries’. We looked at four distinct sectors: creative, digital, high-tech and tradeable finance. We tested what effect an expansion of these industries had in general and what specific effect each sector had. We did this across around 160 local economies or travel to work areas in Great Britain.
Previously we only had tentative evidence about the relationship between advanced industries and wider living standards. This map shows the share of jobs in an area accounted for by advanced industries. The dark blue areas, such as Aberdeen in the North East of Scotland are those where a high-proportion of people work in advanced industries. You can see a big concentration in London and particularly out west from the capital in areas such as Reading, Woking. Around 20-25% of jobs in these areas are in advanced industries. By contrast in many places in Wales, the South West and even urban areas in the midlands and north there are far fewer jobs in advanced industries.
So I’ve now overlaid a map of gross hourly pay on the previous map of advanced industries and you can see that in many places with a high concentration of advanced industries pay is high. Average pay in and around London is as high as £13-15. Although this doesn’t account for the higher cost of living in many of the higher-paying areas.
The employment rate also tends to be higher in areas with higher concentrations of advanced industries. This map grades local economies by their employment rate. Areas in green have an employment rate above the national average, those in red have rates below average. The majority – although the big exception is London – of areas in the South East have an above-average employment rate.
There is also a correlation between areas that have experienced strong growth in advanced industry jobs and those that have experienced growth in jobs in the wider economy. In this chart each bubble is a local economy, those in the top right have experienced growth in advanced industry jobs and jobs in the wider economy. However this does not prove causation, lots else could be at work here and we have no evidence that one is driving the other.
In the paper however we test the relationship more formally using a statistical model. In this model we isolate the specific impact that the growth in advanced industries had on the wider economy.
Our first result is that advanced industries create significant numbers of jobs in the wider economy. For each 10 advanced industry jobs created, between 6 and 12 new jobs – depending on the specific advanced industry – were created in the wider economy.
Our second result is that the jobs in the wider economy that advanced sectors create, many go to worker with relatively lower levels of education. And there is some boost in pay for workers with average levels of education.
However, our final result and one of the side-effects of a big expansion of jobs for those with below-average levels of education was that this lowered average pay for this group. In short lots more jobs were created, but these jobs paid less – on average – than existing jobs.
However, the impact varied across the country. Cambridge and Manchester are two examples of place that did a good job – for a variety of reasons – of turning advanced industry jobs into jobs in the wider service sector economy. By contrast Oxford is a place where few extra jobs were created in the wider economy.
Our research therefore provides some important evidence to contribute to the industrial strategy debate. In particular the role that local leaders can play and the need to look beyond the advanced industries covered in the paper and I look forward to hearing the thoughts of the Secretary of State and Diane.