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The UK’s big problem is low productivity, whether in industry or services, and it takes good management, worker training and the judicious application of capita
by fmajid 7y ago
The UK’s big problem is low productivity, whether in industry or services, and it takes good management, worker training and the judicious application of capital to fix. The financial sector sucks up the best and brightest, leaving only the second-class going into industry, in a form of Dutch disease.
- marble-drink 7y agoI've found that many workers in the UK are really not that bothered about work. They'll actually turn down work if they don't feel they'll get enough money for it. Just the other day I was in the garage and they were convincing me not to get work done on my car. At that time there were two mechanics just sitting in the shop doing nothing. My theory is these workers are relatively happy with what they get currently, but the next step up is just so far away that they don't even bother going for it. I wouldn't say the financial industry sucks up the best. In my experience it sucks up the most qualified and pays them too much. But none of the smartest people I know stayed in finance for long.