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Old 22-08-2018, 06:44 PM   #317
iamawaveofthesea
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Bank of England chief economist warns on AI jobs threat
Kamal Ahmed Economics editor @bbckamal on Twitter
20 August 2018

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.

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.
https://www.bbc.com/news/business-45...alflow_twitter
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