Productivity is a measure of how well an economy uses resources to produce output and is a fundamental determinant of international competitiveness and living standards.
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Time is a unique and precious commodity, we cannot store it up to use on another occasion.
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This of course excludes situations where quality is compromised by cost cutting, false economies or lack of control.
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Significant and accelerating advancement in the new industrial revolution, the so called Digital Revolution or “Disruptive Technology” has become an indispensable part of industry, society and everyday life.
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Today the reality is very different. However the concept of man and machine rather than man versus machine still creates some misunderstanding and mistrust.
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Productivity in the UK significantly lags that of its European partners and if it matched that of the United States, it would have the financial impact equivalent to almost doubling the average national wage.
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