Worker productivity is very much dependent on investment in equipment, and of course in training and development.
For example, five hard-working British workmen with shovels will not dig as big a hole as one easy-going German with an excavator.
Investment in British factories, steelworks and shipyards (in the days when we had any of them) lagged behind countries which grew more successfully.
You might recall investing lots of money in British Banks a few years ago. Our production of multi-millionaire traders and bank bosses leads the world.
For example, five hard-working British workmen with shovels will not dig as big a hole as one easy-going German with an excavator.
Investment in British factories, steelworks and shipyards (in the days when we had any of them) lagged behind countries which grew more successfully.
You might recall investing lots of money in British Banks a few years ago. Our production of multi-millionaire traders and bank bosses leads the world.