The Future of Work Commission Launches Report

 

Today I launch the Future of Work Commission report into how the UK deals with The New Technological Revolution.

The Commission, which is independent, has concluded that the most apocalyptic predictions about the impact automation will have on jobs are far too pessimistic.

Instead, the report says automation and artificial intelligence will create as many jobs as they destroy - if we get the right policies in place.

But it contains some stark warnings about the future too. Because we aren’t doing enough to exploit the opportunities created by this new world of work.

Our chronic inability as a country to spend enough money on research and development is still holding us back. That is a problem today, but it will be a disaster tomorrow.

I believe Labour is winning the argument about investment -  thanks largely to the work being done by my colleague John McDonnell.

 

Borrowing to invest is not financially reckless. In today’s automated world, the reckless thing to do is not to invest.

You can read executive summary here and the full report here.