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United Kingdom Businesses

UK Digital Industry Job Growth Falls To Lowest in Decade (yahoo.com) 38

Job growth in the UK's digital industry hit its lowest in a decade, prompting the incoming Labour government to pledge to revive the sector as it seeks to stimulate growth. From a report: The number of jobs in the sector grew by just 0.3% last year -- the lowest since a decline of 0.1% in 2013, according to Office for National Statistics data released on Thursday. Wider employment across the whole UK economy grew more than twice as fast, the data showed. The figures may stoke concerns of a stagnation in the UK tech sector, as employment and earnings stalled in the sector. Digital sector employees -- including programmers and tech consultants -- saw their hourly pay rise by just over 1% between 2022 and 2023, equating to a pay fall in real terms, the data showed. Nevertheless, the UK's new Secretary of State for Science, Innovation and Technology, Peter Kyle, promised to revitalize the sector.
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UK Digital Industry Job Growth Falls To Lowest in Decade

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  • It's probably safe to assume this poor showing was down to the regular business cycle, rather than influence from LLMs. Next year might be a different story. The UK is still addicted to expecting fully trained people to just turn up though, no training required
    • The number of London Stock Exchange (LSE) listed companies is down 33% from 3000+ in 2015 to under 2000 in 2023.

      Correlated with less programming jobs? Less big employers to work for, less need for common back-office software work?

      https://www.statista.com/stati... [statista.com]

    • Its more like the loss of freedom of movement with EU as a lot of EU IT people could come backwards and forwards to the UK with ease. We are not so attractive anymore when you have to jump though hoops to get into of the country.
    • Companies like hiring people that are productive from day 1, not 6 months later.

      I prefer to see companies invest in traineeships and apprenticeships though, shows long term commitment, rather than chasing the bottom line all the time.

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