the new rich use their political power to gain a larger share of wealth
IT increases the productivity of those who can use it while replacing the jobs of those who can’t
globalisation increases and therefore cheapens the supply of labour
Moreover, as large wealth differences set in it leads to a decline in social mobility which in turn leads to fewer talented people getting into positions where these talents can be utilised for wealth creation.
/1/ help young people in houses where no one works to find their way into work
/2/ increase the incentives to take on and train British workers
/3/ reform the tax system, making it simpler, more progressive and free of tax havens
Lambert does not mention direct investment by the government in large enterprises. Personally, I think there is a role for major flagship projects which generate technological spin offs, create valuable skills and provide inspiration. The American space programme did this. The revolutionary engine propulsion technology developed by the Skylon project, for example, could employ 70,000 people if a government would support it.(No private investors seem interested, possibly because of bureaucratic or political factors or because they don't understand the technology.)