Don’t fear robots taking your job – worry about them cutting your wages
Robots and artificial intelligence (AI) seem to be in the news all the time, and breakthroughs are announced regularly. Last year, it was an AI programme which beat the world champion at Go, a game immensely more complex than chess. Now, in the austere American journal the Proceedings of the National Academy of Sciences, comes […]
A planning crisis
Partly due to its success in attracting jobs and talent, demand for housing in London has outstripped supply and now home ownership is unaffordable for many households. In a well-functioning market, increases in house prices should incentivise large scale housing development. But this simply has not happened. So what is constraining housing development in the […]
