• Over the last 15 years, the UK has benefited from a technology-driven shift from low skill, routine jobs to higher skill, non-routine occupations
• 800,000 jobs have been lost, but nearly 3.5 million new ones have been created
• On average, each job created is paid approximately £10,000 per annum more than the lower skilled, routine jobs they replace, resulting in a £140 billion net boost to the economy
• Over the past 150 years while the UK has been able to adapt to new technology with new jobs that offset job losses, the positive impact has been mainly felt in London. In aggregate, across the rest of the country, there has been a ‘hollowing out’ of the labour market. Overall this is leading to a growing inequality in both skills and earnings.
Source: The Future of the Workforce – Critical drivers and challenges. Deloitte July 2016
When you think about the future world of work as it is likely to affect you, how do you feel?
• 37% Excited – I see a world full of possibility
• 18% Worried – I’m nervous about what the future holds
• 8% Uninterested – I tend not to think too far ahead
PWC survey of 10,0299 members of the general population based on China, Germany, India, UK, US
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