The increased adoption of artificial intelligence (AI) is likely to cut jobs in a way similar to the Industrial Revolution, the governor of the Bank of England has warned.
Andrew Bailey said the UK needed to have the "training, education, [and] skills in place" to help workers transition into roles that use AI.
Speaking to BBC Radio 4’s Today programme, he said jobseekers with relevant AI skills would find it “a lot easier” to secure employment in the changing labour market.
Mr Bailey also raised concerns about the impact of AI on younger and less experienced workers, warning that the growing use of the technology could make it difficult for entry-level professionals to find their first roles.
"We do have to think about, what is it doing to the pipeline of people? Is it changing it or not?" he said.
"I think if it's people working with AI, I'm not sure it will change the pipeline, but I think we're right to have a have an eye on that point."
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