Productivity - Question

Part of the debate – in the House of Lords at 11:29 am on 7th November 2017.

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Photo of Lord Howell of Guildford Lord Howell of Guildford Chair, International Relations Committee 11:29 am, 7th November 2017

Does my noble friend agree that these productivity statistics can be a bit misleading? It has often been suggested that they fail to take full account of the impact of the digital revolution on production and economic activity. Does he also agree that the very high levels of employment that we are currently experiencing could in a sense be seen as a compensating asset in the overall low-productivity puzzle?