As you know I think much of the UK's economic doldrums are caused by rubbish management; both in the sense of not being very good at it, and specifically the managerial mindset that workers are a cost to be reduced, not the organisation's key asset that needs to be invested in.
Two charts from the FT reinforce that argument (albeit only via correlation)... at the very same time that more people are mangers than workers, our productivity gains have stagnated.
Isn’t ABC1 = managers also something of a simplification? I thought it also captured many technical/specialist professionals in non-managerial roles?
Not that I disagree with your sentiment!
It does, you're right... but that was the graph the FT had this morning & it struck me that it sort of captured that shift in general....
Also different start years and one with a y axis that goes down to zero and one that doesn’t - it is like the team at the FT has never been droned on at about “bad graphs” by an MSc supervisor!
Well in fairness to the FT, I took the two graphs from a long article with a bit of a different focus to make the point I wanted to make....
yes, very much so....
Indeed, but from recollection, profitability remains relatively stable across corporate UK
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