Y2Pay: Robots eat into wage growth in the UK but boost productivity

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City AM

By Millie Turner Fears of robots taking people’s jobs have been “overblown”, with low investment and productivity growth being the real culprits behind the UK’s stagnant economy, according to a new report by the Resolution Foundation today. However, automation has dampened the average take-home for staff operating alongside new tech, the report, in collaboration with the London School of Economics, found. Fast developments in artificial intelligence (AI) technologies have sparked concern among the working population over the past decade that they will soon be side-lined for robotics. While aut…

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