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Robots coming to steal half your jobs, Bank of England warns

Robots coming to steal half your jobs, Bank of England warns

Published time: 13 Nov, 2015 00:27
© Francois Lenoir

© Francois Lenoir / Reuters

Roughly half of the workforce in the UK and the US are likely to
eventually lose their jobs to robots, as technological automation
trends spread across all industries and service sectors, the Bank of
England’s chief economist has warned.

Unveiling the Bank’s new statistics,
based on the historic trends in the market economy, Andy Haldane warned
the Trades Union Congress that half of UK workers might find themselves
unemployed in the coming decades.

“Taking the probabilities
of automation, and multiplying them by the numbers employed, gives a
broad brush estimate of the number of jobs potentially automatable,”

Haldane said, stressing that 15 million people might be affected on the
island nation that currently has a workforce of 31.21 million.

"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

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