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The Cost of Doing Nothing: The Case for Long Term Investment to Tackle Automation

This report calculates the social and economic costs of failing to invest in preparing Britain for the challenges of automation, as high as £55 billion a year by 2030. It predicts that if the government continues to ignore seismic changes in the labour market then history will repeat itself with the social costs equivalent to the way the industrial revolution hit agricultural communities or the way coal mine closures devastated mining towns.

The study looks at the impact of austerity on the fall in adult learning, and recommends that the Chancellor invests £41 billion a year to get Britain ready for a more automated age.

Tags: Automation.