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

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 .... https://www.rt.com/uk