Bank Of England Economist Warns 'Large Swathes' Of Jobs At Risk From AI.

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'This is the dark side of technological revolutions and that dark-side has always been there.'

The Bank of England’s chief economist Andy Haldane has warned that artificial intelligence could bring about the same levels of job displacement as the First Industrial Revolution.

Speaking to the BBC’s Today Programme, Haldane went on to say that unless there was a skills revolution, “large swathes” of the population would be left “technologically unemployed.”

Referring to the First Industrial Revolution of the Victorian era Haldane said: “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.”

By Thomas Tamblyn.

Full story at Huffington Post.