Bank of England Chief Economist Warns On AI jobs Threat (bbc.com)

The chief economist of the Bank of England has warned that the UK will need a skills revolution to avoid "large swathes" of people becoming "technologically unemployed" as artificial intelligence makes many jobs obsolete. From a report: Andy Haldane said the possible disruption of what is known as the Fourth Industrial Revolution could be "on a much greater scale" than anything felt during the First Industrial Revolution of the Victorian era. He said that he had seen a widespread "hollowing out" of the jobs market, rising inequality, social tension and many people struggling to make a living. It was important to learn the "lessons of history", he argued, and ensure that people were given the training to take advantage of the new jobs that would become available. He added that in the past a safety net such as new welfare benefits had also been provided.

Comments

Training for what?

[rsilvergun]

We can't all be doctors. And even if we could whose going to pay us when the jobs base collapses and with it wages? This is the same sort of nonsense I heard when the manufacturing jobs went overseas and again when the tech jobs fooled them. It was biotech last time, but this time they're not even saying what I'm supposed to retrain for...