Browsing: GAIN

Nine out of ten executives privately admit that AI hasn’t improved productivity at their companies. Yet across the tech industry,AI-driven layoffs keep accelerating— with over 1,100 jobs disappearing every single working day this year. A major new study explains why that contradiction isn’t just hypocritical. It’s self-defeating.

LSE economists, two of them Treasury advisers until recently, put UK productivity growth at “an annualized productivity growth of 1.6 per cent between 2024 Q3 and 2026 Q1, compared with only 0.3 per cent over the decade preceding 2024 Q3”. The tax records underpinning that finding show employment falling by 133,000, where official statistics report…