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Because productivity is abysmal – 14-15 percentage points lower than France and 17 percentage points below the average for the rest of the G7 in 2013 – the widest productivity gap since 1992.
Output per worker in the UK was 25 percentage points below the average for the rest of the major G7 economies in 2012 - the widest productivity gap since 1992.
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The computer sector, which includes computers, peripherals, and software, generates about a thirtieth of the gross domestic product, but it has accounted for roughly a third of economy-wide productivity growth in recent years, according to Michael Harper, an economist at the Bureau of Labor Statistics.
Until recently, in fact, economy-wide productivity growth and wage growth have tended to have a one-to-one relationship.
The Resolution Foundation said such approaches are important in making the national living wage a success and tackling the UK's wider productivity problems.
The TUC generalsecretary Frances O'Grady echoed calls for more focus on closing Britain's stubbornly wide productivity gap, which has left it lagging behind other big economies.
Society could set a basic income that rises with economy-wide productivity, and as workers' potential earnings fall below that reservation level they cease working.
It notes that "there is little robust evidence that the different variants of WR systems over the last 20 years have had detectable effects on measured economy-wide productivity".
In other words, radical change in a competitive economy even though it may be a matter of life or death for the companies involved need not yield commensurate improvements in economy-wide productivity.
Then there's tax policy to make it less profitable for chief executives and highly paid managers to rig the rules of the game to tilt more money their way, regulatory policy to insure that the financial sector does not become a drain on economy-wide productivity in other areas.
With 17% of the workforce in the government, where productivity growth is zero, economy-wide productivity (private plus public sector) has lagged behind.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com