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

Posted by ryuzaki0 on from the prepare-for-tomorrow dept.

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.

3 of 209 comments (clear)

  1. Training by PPH · · Score: 4, Insightful

    people were given the training to take advantage of the new jobs that would become available

    Which jobs are these?

    --
    Have gnu, will travel.
    1. Re:Training by fluffernutter · · Score: 3, Insightful

      There was room in the economy for corporations to grow before you were born. These days CEOs wonder where they will get the next growth from to dispense to the shareholders. You think Coca-cola has a new beverage around the corner that no one has need before? You think they have a market to grow into? Do we need a seven, eight, nine bladed razor?

      --
      Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
  2. Re:Easy solution. by Anonymous Coward · · Score: 5, Insightful

    How do you train, say, a lorry (truck) driver whose being replaced by AI-powered self-driving lorries? If the training involves a desk with a computer... one person can manage several of those self-driving lorries, so you might re-train a few. What do you suggest for the rest?