Economy 2030 Learning to grow How to situate a skills strategy in an economic strategy 24 October 2023 by Rui Costa and Sandra McNally and Guglielmo Ventura and Louise Murphy and Anna Valero Investing in human capital is a crucial aspect of building an economy that is both more productive and fairer, and any growth strategy must incorporate an agenda for increasing human capital and workforce skills within that. So how should we approach the task of developing a skills strategy that complements a broader economic strategy? In … Continued READ MORE
Economy 2030· Labour market· Low pay Low Pay Britain 2023 Improving low-paid work through higher minimum standards 19 April 2023 by Nye Cominetti and Charlie McCurdy and Greg Thwaites and Rui Costa After a decade and a half of relative economic decline, Britain needs a new economic strategy. And good work must be at its heart – an explicit goal, not a hoped-for by-product of growth. This is a necessary precondition for a strategy that offers a credible promise of shared prosperity in the years ahead, strengthening … Continued READ MORE
Economy 2030· Skills Train in Vain? Skills, tasks, and training in the UK labour market 5 December 2022 by Nye Cominetti and Rui Costa and Andrew Eyles and Kathleen Henehan and Sandra McNally Human capital and skills are important for improving the UK’s labour market and economic performance. This note assesses how the skills needed in the UK labour market have changed over past decades, and how well placed our system of training – and particularly on-the-job training – is to help us adapt to these changes. Some … Continued READ MORE
Economy 2030 Adopt, adapt and improve A brief look at the interplay between labour markets and technological change in the UK 10 November 2022 by Rui Costa and Yuanhang Yu Worries that jobs will be lost to automation are not new, but have been heightened since the release of Frey and Osborne’s 2013 study, which warned that nearly half of jobs in the US were at ‘high risk’ of automation. Nearly a decade on, this short briefing note looks at both the current and longer-term … Continued READ MORE
Economy 2030· Labour market enforcement Low Pay Britain 2022 Low pay and insecurity in the UK labour market 25 May 2022 by Nye Cominetti and Rui Costa and Felicia Odamtten This edition of Low Pay Britain is our twelfth annual report taking stock of the state of low pay. Recent editions have focused on the short-term impacts of the Covid-19 crisis on low paid workers. Those have largely receded, and so here we take a longer view, and look at how low paid work has … Continued READ MORE
Economy 2030 Changing jobs? Change in the UK labour market and the role of worker mobility 6 January 2022 by Nye Cominetti and Rui Costa and Andrew Eyles and Tzvetan Moev and Guglielmo Ventura This report is about the nature and speed of change in the UK’s labour market, about how past periods of rapid change have happened, and about workers’ experiences as they have lived through these changes. It is written with an eye to the upheaval we expect to see in the coming decade as the effects … Continued READ MORE
