April 17, 2018
Robots will lead to increased productivity without stealing jobs, but wages will fall
Robots will not as feared steal people’s jobs and will eventually improve productivity, but they will undercut workers’ contribution sufficiently to depress their wages. According to the third report in Barclays Impact Series, titled Robots at the gate: Humans and technology at work, technology is fundamentally re-shaping the nature of work, and the implications of this re-shaping process will accelerate in coming decades. The report authored by Barclays’ Research team and supported by the Barclays Social Innovation Facility sets today’s technological advancements in the context of historical precedent and argues that robotics and Artificial Intelligence do not portend a jobless future. However, these new technologies have important macroeconomic consequences, such as wage disinflation, which will likely continue in the years or even decades to come. The report also argues that productivity spurts lag behind technological leaps, as it can take years or even decades for an economy to figure out how to best use a new technology. Eventually, economies of scale are reached, consumer behaviour adapts, companies refine their business models and productivity growth finally kicks in. (more…)
Technology, media, and telecommunications (TMT) companies are continuing to play a prominent role within Edinburgh’s office market, accounting for approximately 30 percent of transactions in the city. But rising demand for Grade A office space in Edinburgh by a variety of organisations, including coworking, private and public sector tenants has fuelled significant occupier demand during the first quarter of 2018, according to analysis by property consultancy, Knight Frank. The latest commercial property figures show approximately 460,000 sq. ft. of new occupier requirements came onto the market in the first three months of the year from companies looking to lease office space in Edinburgh. 
It should come as little surprise that graduates who have undertaken an internship are more likely to have honed the skills businesses needs, one of the main findings of the Institute of Student Employers (ISE) annual Development Survey, which launches today (28 March 2018) at the ISE Student Development Conference. The report found that 63 percent of employers believed graduates who had undertaken work experience had the required soft skills, yet less than half (48 percent) thought this of graduates in general. According to the report the five most common graduate skills gaps are; managing up (5 percent of employers believed graduates had this skill); dealing with conflict (12 percent); negotiating/influencing (17 percent); commercial awareness (23 percent and resilience (31 percent). This is why closing skills gaps is a priority for businesses with 74 percent of employers taking specific actions to tackle the issue in 2017. Changes to recruitment and on-the-job training were the most common actions and 16 percent of organisations improved their internship development programmes specifically to close skills gaps.
April 9, 2018
How the UK car industry is driving the future of workplace design
by Paul Dunn • Comment, Workplace design
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