Artificial intelligence poses great 'threat' to manual jobs

The chief economist of Bank of England, Andy Haldane alerted that the UK will need to avoid "large swathes" of people becoming "technologically unemployed" as a result of using artificial intelligence across industries. Haldane said: "Each of those [industrial revolutions] had a wrenching and lengthy impact on the jobs market, on the lives and livelihoods of large swathes of society," Mr Haldane told me for the Today Programme. "Jobs were effectively taken by machines of various types, there was a hollowing out of the jobs market, and that left a lot of people for a lengthy period out of work and struggling to make a living. "That heightened social tensions, it heightened financial tensions, it led to a rise in inequality. "That hollowing out is going to be potentially on a much greater scale in the future, when we have machines both thinking and doing--replacing both the cognitive and the technical skills of humans."